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Thursday (Nov 15th) Numbers
2007-11-22 01:42:00
Thursday (Nov 15th) brought 30 new listings versus 24 sales-for a sell/list ratio of 80.00%.The 14 day rolling sell/list ratio now stands at 64.39%.Average list price of the sales was $239,958 & average sales price was $233,913.This means that average sales price today sold below the list by $6,046 or 2.51%.Of the 24 sales that occurred, 5 sold at or above over the asking price.That's 21% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4143.There were 16 Price Changes, 11 Price Increases & 20 Price Decreases.
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Wednesday (Nov 14th) Numbers
2007-11-15 17:54:00
Wednesday (Nov 14th) brought 24 new listings versus 13 sales-for a sell/list ratio of 54.17%.The 14 day rolling sell/list ratio now stands at 61.95%.Average list price of the sales was $220,453 & average sales price was $213,123.This means that average sales price today sold below the list by $7,330 or 3.32%.Of the 13 sales that occurred, 1 sold at or above over the asking price.That's 8% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4144.There were 31 Price Changes, 11 Price Increases & 20 Price Decreases.
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October 2007 Breakdown
2007-11-14 19:05:00
New Feature has been created for LORED (London Ontario Real Estate Diagnosis) that will be used to further help track the London RE progress.Why are we doing this? I'll explain in a bit, but review the following information for now...Residential (single family) Activity by Area for October 2007 :Residential (single family) Activity by Area for the previous year, October 2006:Why are we doing this? Although LORED does not have a crystal ball, as you can probably tell our goal is to become educated investors as much as possible and to be sure we are operating in our target area of London armed with the right information. That being said, its important to understand that diagnosing the London market entails we're consistently measuring supply & demand for the area. The basic economics of supply & demand determine whether the local housing market is rising or falling. When demand exceeds supply, prices rise. When supply exceeds demand, prices fall, & thus the London real es...

October Official Stats
2007-11-14 18:20:00
October 2007 "official" stats are out & we've updated our charts for the month. Average Sales Price YTD (year-to-date) for October 2006 was $201,523 & (drum roll) YTD 2007 it is now $216,379 - this part includes London and area. That's the only information in this post that is. I'll explain in more detail, but this pretty much corresponds to the information in my target area of just London for this month.... Click here for that report.Confused about what I'm talking about regarding target area & official stats & stuff? Allow me to clarify:The following information is a breakdown of residential (SFH) activity only & also I've omitted the St. Thomas & area. This information is according to London & St. Thomas Board of Realtor's Stats . This is the info you read about in the public & local media. I however, only track London & I omit St. Thomas and area. My stats are found here. The stats I track myself are from my own sources, so I like to comp...
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Tuesday (Nov 14th) Numbers
2007-11-14 18:05:00
Tuesday (Nov 13th) brought 25 new listings versus 24 sales-for a sell/list ratio of 96.00%.The 14 day rolling sell/list ratio now stands at 63.25%.Average list price of the sales was $208,102 & average sales price was $205,959.This means that average sales price today sold below the list by $2,143 or 1.03%.Of the 24 sales that occurred, 5 sold at or above over the asking price.That's 21% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4146.There were 1 Price Changes, 0 Price Increases & 1 Price Decreases.
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Monday (Nov 12th) Numbers
2007-11-14 17:46:00
Monday (Nov 12th) & the weekend brought 37 new listings versus 28 sales-for a sell/list ratio of 75.68%.The 14 day rolling sell/list ratio now stands at 66.60%.Average list price of the sales was $226,146 & average sales price was $222,923.This means that average sales price today sold below the list by $3,223 or 1.43%.Of the 28 sales that occurred, 7 sold at or above over the asking price.That's 25% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4147.There were 21 Price Changes, 0 Price Increases & 21 Price Decreases.
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Monthly Comparison: LONDON in October 2007
2007-11-11 17:24:00
We've closed the books on another month & its time for the monthly update. Much like September, October was another weaker month than the previous months. Again this is none-too-surprising as historically August, September & October in terms of real estate performance is consistently unspectacular.We've compiled the complete monthly stats, but before we get to them here is the usual clarification:These numbers represent LONDON ONLY and my target area is London residential and multi-family housing. Thus, when the mls stats come out in a week or so -and will be presented here as well such as they were in past months- the numbers will be much different. That is because those numbers will represent London & area and only residential(whereas I include multi-family property). First up as always, monthly prices.... & Prices increased on the listing side, but sales price came in lower than the previous month. October's average list price was $212,166 & sale price aver...
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Friday (Nov 9th) Numbers
2007-11-11 17:07:00
Friday (Nov 9th) brought 24 new listings versus 27 sales-for a sell/list ratio of 112.50%.The 14 day rolling sell/list ratio now stands at 62.38%.Average list price of the sales was $227,061 & average sales price was $221,407.This means that average sales price today sold below the list by $5,654 or 2.49%.Of the 27 sales that occurred, 8 sold at or above over the asking price.That's 30% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4149.There were 13 Price Changes, 0 Price Increases & 13 Price Decreases.
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Thursday (Nov 8th) Numbers
2007-11-09 01:18:00
Thursday (Nov 8th) brought 33 new listings versus 23 sales-for a sell/list ratio of 69.70%.The 14 day rolling sell/list ratio now stands at 60.46%.Average list price of the sales was $234,287 & average sales price was $226,539.This means that average sales price today sold below the list by $7,748 or 3.31%.Of the 23 sales that occurred, 5 sold at or above over the asking price.That's 14% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4154.There were 25 Price Changes, 2 Price Increases & 23 Price Decreases
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Wednesday (Nov 7th) Numbers
2007-11-09 01:09:00
Wednesday (Nov 7th) brought 37 new listings versus 21 sales-for a sell/list ratio of 56.76%.The 14 day rolling sell/list ratio now stands at 58.72%.Average list price of the sales was $206,895 & average sales price was $202,952.This means that average sales price today sold below the list by $3,943 or 1.91%.Of the 21 sales that occurred, 3 sold at or above over the asking price.That's 14% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4052.There were 4 Price Changes, 1 Price Increases & 3 Price Decreases
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Tuesday (Nov 6th) Numbers
2007-11-09 00:56:00
Tuesday (Nov 6th) brought 50 new listings versus 31 sales-for a sell/list ratio of 62.00%.The 14 day rolling sell/list ratio now stands at 58.82%.Average list price of the sales was $246,863 & average sales price was $238,945.This means that average sales price today sold below the list by $7,918 or 3.21%.Of the 31 sales that occurred, 5 sold at or above over the asking price.That's 16% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4052.There were 15 Price Changes, 1 Price Increases & 14 Price Decreases
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Monday (Nov 5th) Numbers
2007-11-09 00:47:00
Monday (Nov 5th) & the weekend brought 46 new listings versus 9 sales-for a sell/list ratio of 19.57%.The 14 day rolling sell/list ratio now stands at 58.80%.Average list price of the sales was $207,625 & average sales price was $203,922.This means that average sales price today sold below the list by $3,702 or 1.78%.Of the 9 sales that occurred, 1 sold at or above over the asking price.That's 11% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4052.There were 21 Price Changes, 3 Price Increases & 18 Price Decreases
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Friday (Nov 2nd) Numbers
2007-11-03 23:44:00
Friday (Nov 2nd) brought 33 new listings versus 12 sales-for a sell/list ratio of 36.36%.The 14 day rolling sell/list ratio now stands at 62.88%.Average list price of the sales was $196,308 & average sales price was $189,833.This means that average sales price today sold below the list by $6,475 or 3.30%.Of the 12 sales that occurred, 0 sold at or above over the asking price.That's 0% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4102.There were 7 Price Changes, 0 Price Increases & 7 Price Decreases.
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Thursday (Nov 1st) 2007
2007-11-03 23:34:00
Thursday (Nov 1st) brought 35 new listings versus 37 sales-for a sell/list ratio of 105.71%.The 14 day rolling sell/list ratio now stands at 65.73%.Average list price of the sales was $214,897 & average sales price was $210,215.This means that average sales price today sold below the list by $4,682 or 2.18%.Of the 37 sales that occurred, 8 sold at or above over the asking price.That's 22% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4086.There were 9 Price Changes, 6 Price Increases & 3 Price Decreases.
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Wednesday (Oct 31st) Numbers
2007-11-03 23:17:00
Wednesday (Oct 31st) brought 42 new listings versus 20 sales-for a sell/list ratio of 47.62%.The 14 day rolling sell/list ratio now stands at 62.15%.Average list price of the sales was $179,090 & average sales price was $173,935.This means that average sales price today sold below the list by $5,155 or 2.88%.Of the 20 sales that occurred, 3 sold at or above over the asking price.That's 15% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4089.There were 18 Price Changes, 0 Price Increases & 18 Price Decreases
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Tuesday (Oct 30th) Numbers
2007-11-03 23:06:00
Tuesday (Oct 30th) brought 43 new listings versus 17 sales-for a sell/list ratio of 39.53%.The 14 day rolling sell/list ratio now stands at 63.58%.Average list price of the sales was $250,082 & average sales price was $246,253.This means that average sales price today sold below the list by $3,829 or 1.53%.Of the 17 sales that occurred, 5 sold at or above over the asking price.That's 29% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4078.There were 9 Price Changes, 0 Price Increases & 9 Price Decreases
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Monday (Oct 29th) & The Weekend Numbers
2007-11-03 22:55:00
Monday (Oct 29th) & the weekend brought 38 new listings versus 34 sales-for a sell/list ratio of 89.47%.The 14 day rolling sell/list ratio now stands at 68.69%.Average list price of the sales was $211,137 & average sales price was $204,441.This means that average sales price today sold below the list by $6,696 or 3.17%.Of the 34 sales that occurred, 1 sold at or above over the asking price.That's 3% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4052.There were 22 Price Changes, 3 Price Increases & 19 Price Decreases
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Friday (Oct 26th) Numbers
2007-10-27 16:35:00
Friday (Oct 26th) brought 35 new listings versus 15 sales-for a sell/list ratio of 42.86%.The 14 day rolling sell/list ratio now stands at 61.68%.Average list price of the sales was $216,113 & average sales price was $209,612.This means that average sales price today sold below the list by $6,501 or 3.00%.Of the 15 sales that occurred, 0 sold at or above over the asking price.That's 0% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4053.There were 23 Price Changes, 0 Price Increases & 23 Price Decreases
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Thursday (Oct 25th) Numbers
2007-10-27 16:22:00
Thursday (Oct 25th) brought 39 new listings versus 29 sales-for a sell/list ratio of 74.36%.The 14 day rolling sell/list ratio now stands at 61.07%.Average list price of the sales was $187,455 & average sales price was $183,466.This means that average sales price today sold below the list by $3,990 or 2.13%.Of the 29 sales that occurred, 4 sold at or above over the asking price.That's 14% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4038.There were 15 Price Changes, 2 Price Increases & 13 Price Decreases
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Wednesday (Oct 24th) Numbers
2007-10-25 00:58:00
Wednesday (Oct 24th) brought 20 new listings versus 21 sales-for a sell/list ratio of 105%.The 14 day rolling sell/list ratio now stands at 60.64%.Average list price of the sales was $211,633 & average sales price was $207,738.This means that average sales price today sold below the list by $3,895 or 1.84%.Of the 21 sales that occurred, 4 sold at or above over the asking price.That's 19% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4033.There were 27 Price Changes, 5 Price Increases & 22 Price Decreases
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Tuesday (Oct 23rd) Numbers
2007-10-25 00:48:00
Tuesday (Oct 23rd) brought 30 new listings versus 19 sales-for a sell/list ratio of 63.33%.The 14 day rolling sell/list ratio now stands at 61.17%.Average list price of the sales was $224,674 & average sales price was $220,682.This means that average sales price today sold below the list by $3,992 or 1.78%.Of the 19 sales that occurred, 4 sold at or above over the asking price.That's 21% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4034.There were 6 Price Changes, 0 Price Increases & 6 Price Decreases
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Monday (Oct 22nd) & The Weekend Numbers
2007-10-23 00:58:00
Monday (Oct 22nd) & the weekend brought 40 new listings versus 27 sales-for a sell/list ratio of 67.50%.The 14 day rolling sell/list ratio now stands at 60.73%.Average list price of the sales was $235,196 & average sales price was $230,491.This means that average sales price today sold below the list by $4,706 or 2.00%.Of the 27 sales that occurred, 4 sold at or above over the asking price.That's 15% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4034.There were 18 Price Changes, 2 Price Increases & 16 Price Decreases
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Friday (Oct 19th) Numbers
2007-10-20 17:12:00
Friday (Oct 19th) brought 28 new listings versus 11 sales-for a sell/list ratio of 39.29%.The 14 day rolling sell/list ratio now stands at 58.03%.Average list price of the sales was $205,509 & average sales price was $201,036.This means that average sales price today sold below the list by $4,473 or 2.18%.Of the 11 sales that occurred, 0 sold at or above over the asking price.That's 0% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4034.There were 29 Price Changes, 5 Price Increases & 24 Price Decreases
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Thursday (Oct 18th) Numbers
2007-10-20 16:57:00
Thursday (Oct 18th) brought 31 new listings versus 18 sales-for a sell/list ratio of 58.06%.The 14 day rolling sell/list ratio now stands at 58.56%.Average list price of the sales was $196,156 & average sales price was $189,539.This means that average sales price today sold below the list by $6,617 or 3.37%.Of the 18 sales that occurred, 4 sold at or above over the asking price.That's 22% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4015.There were 18 Price Changes, 0 Price Increases & 18 Price Decreases
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Wednesday (Oct 17th) Numbers
2007-10-20 16:47:00
Wednesday (Oct 17th) brought 40 new listings versus 25 sales-for a sell/list ratio of 62.50%.The 14 day rolling sell/list ratio now stands at 62.03%.Average list price of the sales was $202,080 & average sales price was $198,216.This means that average sales price today sold below the list by $3,864 or 1.91%.Of the 25 sales that occurred, 5 sold at or above over the asking price.That's 20% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4015.There were 18 Price Changes, 0 Price Increases & 18 Price Decreases
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Tuesday (Oct 16th) Numbers
2007-10-20 16:35:00
Tuesday (Oct 16th) brought 39 new listings versus 25 sales-for a sell/list ratio of 64.10%.The 14 day rolling sell/list ratio now stands at 61.03%.Average list price of the sales was $203,188 & average sales price was $197,636.This means that average sales price today sold below the list by $5,552 or 2.73%.Of the 25 sales that occurred, 4 sold at or above over the asking price.That's 16% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4006.There were 14 Price Changes, 0 Price Increases & 14 Price Decreases
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Monday (Oct 15th) & Weekend Numbers
2007-10-20 16:06:00
Monday (Oct 15th) & the weekend brought 39 new listings versus 30 sales-for a sell/list ratio of 76.92%.The 14 day rolling sell/list ratio now stands at 63.79%.Average list price of the sales was $179,797 & average sales price was $175,787.This means that average sales price today sold below the list by $4,010 or 2.23%.Of the 30 sales that occurred, 6 sold at or above over the asking price.That's 20% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4004.There were 32 Price Changes, 1 Price Increases & 31 Price Decreases
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Friday (Oct 12th) Numbers
2007-10-20 01:45:00
Friday (Oct 12th) brought 30 new listings versus 16 sales-for a sell/list ratio of 53.33%.The 14 day rolling sell/list ratio now stands at 60.30%.Average list price of the sales was $219,459 & average sales price was $213,193.This means that average sales price today sold below the list by $6,267 or 2.86%.Of the 16 sales that occurred, 1 sold at or above over the asking price.That's 6% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4003.There were 3 Price Changes, 0 Price Increases & 3 Price Decreases
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SEPTEMBER Official Stats
2007-10-14 14:58:00
September 2007 "official" stats are out & we've updated our charts for the month.Average Sales Price YTD (year-to-date) in September 2006 was $201,610 & (drum roll please) YTD 2007 it is now $216,675 - this part includes London and area. That's the only information in this post that is. I'll explain in more detail, but this pretty much corresponds to the information in my target area of just London for this month.... Click here for that report. Confused about what I'm talking about regarding target area & official stats & stuff? Allow me to clarify:The following information is a breakdown of residential (SFH) activity only & also I've omitted the St. Thomas & area. This information is according to London & St. Thomas Board of Realtor's Stats . This is the info you read about in the public & local media. I however, only track London & I omit St. Thomas and area. My stats are found here. The stats I track myself are from my own sources, so I li...
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Thursday (Oct 11th) Numbers
2007-10-12 00:55:00
Thursday (Oct 11th) brought 34 new listings versus 22 sales-for a sell/list ratio of 64.71%.The 14 day rolling sell/list ratio now stands at 59.56%.Average list price of the sales was $220,418 & average sales price was $217,518.This means that average sales price today sold below the list by $2,900 or 1.32%.Of the 22 sales that occurred, 6 sold at or above over the asking price.That's 27% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 3992.There were 14 Price Changes, 1 Price Increases & 13 Price Decreases
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