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london real estate diagnosis

london real estate diagnosis
Evaluates the real estate market here in London on a daily basis. When will it reverse downward? Will it CRASH? Is now a good time to buy? These questions are addressed and more.
Articles: 1, 2, 3, 4, 5, 6, 7

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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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Wednesday (Oct 10th) Numbers
2007-10-11 01:14:00
Wednesday (Oct 10th) brought 52 new listings versus 48 sales-for a sell/list ratio of 92.31%.The 14 day rolling sell/list ratio now stands at 60.83%.Average list price of the sales was $215,654 & average sales price was $209,469.This means that average sales price today sold below the list by $6,184 or 2.87%.Of the 48 sales that occurred, 7 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 3989.There were 18 Price Changes, 0 Price Increases & 18 Price Decreases
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Monthly Comparison: LONDON in September 2007
2007-10-10 17:33:00
September 2007 is now behind us & in the books. Much like August, September was another weaker month than the previous months. Again this is none-too-surprising as historically September & August, 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. September's average list price was $211,681 & sale price average was $209,823. August's was an average list price of $199,941 & average sale $196,054. Thus, Septembe...
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Tuesday (Oct 9th) & Long Weekend Numbers
2007-10-10 17:10:00
Tuesday (Oct 9th) & the long weekend brought 44 new listings versus 3 sales-for a sell/list ratio of 6.82%.The 14 day rolling sell/list ratio now stands at 59.00%.Average list price of the sales was $231,900 & average sales price was $227,417.This means that average sales price today sold below the list by $4,483 or 1.93%.Of the 3 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 3991.There were 23 Price Changes, 2 Price Increases & 21 Price Decreases
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Friday (Oct 5th) Numbers
2007-10-06 21:45:00
Friday (Oct 5th) brought 40 new listings versus 15 sales-for a sell/list ratio of 37.50%.The 14 day rolling sell/list ratio now stands at 60.33%.Average list price of the sales was $170,213 & average sales price was $166,573.This means that average sales price today sold below the list by $3,640 or 2.14%.Of the 15 sales that occurred, 3 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 3957.There were 16 Price Changes, 3 Price Increases & 13 Price Decreases
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Thursday (Oct 4th) Numbers
2007-10-06 21:35:00
Thursday (Oct 4th) brought 31 new listings versus 22 sales-for a sell/list ratio of 70.97%.The 14 day rolling sell/list ratio now stands at 60.00%.Average list price of the sales was $210,864 & average sales price was $201,677.This means that average sales price today sold below the list by $9,186 or 4.36%.Of the 22 sales that occurred, 5 sold at or above over the asking price.That's 23% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 3932.There were 26 Price Changes, 2 Price Increases & 24 Price Decreases
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Wednesday (Oct 3rd Numbers)
2007-10-06 21:26:00
Wednesday (Oct 3rd) brought 37 new listings versus 34 sales-for a sell/list ratio of 91.89%.The 14 day rolling sell/list ratio now stands at 61.59%.Average list price of the sales was $223,134 & average sales price was $215,814.This means that average sales price today sold below the list by $7,320 or 3.28%.Of the 34 sales that occurred, 3 sold at or above over the asking price.That's 9% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 3933.There were 15 Price Changes, 0 Price Increases & 15 Price Decreases
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Tuesday (Oct 2nd) Numbers
2007-10-06 21:01:00
Tuesday (Oct 2nd) 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 55.74%.Average list price of the sales was $261,724 & average sales price was $256,090.This means that average sales price today sold below the list by $5,634 or 2.15%.Of the 21 sales that occurred, 6 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 3933.There were 19 Price Changes, 0 Price Increases & 19 Price Decreases
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Monday October 1st 2007 Numbers
2007-10-06 20:05:00
Monday (Oct 1st) & the weekend brought 47 new listings versus 17 sales-for a sell/list ratio of 36.17%.The 14 day rolling sell/list ratio now stands at 57.02%.Average list price of the sales was $245,218 & average sales price was $239,718.This means that average sales price today sold below the list by $5,500 or 2.24%.Of the 17 sales that occurred, 3 sold at or above over the asking price.That's 18% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 3921.There were 19 Price Changes, 0 Price Increases & 19 Price Decreases
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Friday (Sept 28th) Numbers
2007-09-29 15:32:00
Friday (Sept 27th) brought 25 new listings versus 12 sales-for a sell/list ratio of 48.00%.The 14 day rolling sell/list ratio now stands at 61.74%.Average list price of the sales was $177,658 & average sales price was $173,350.This means that average sales price today sold below the list by $4,308 or 2.43%.Of the 12 sales that occurred, 2 sold at or above over the asking price.That's 17% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 3895.There were 20 Price Changes, 0 Price Increases & 20 Price Decreases
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Thursday (Sept 27th) Numbers
2007-09-29 15:19:00
Thursday (Sept 27th) brought 37 new listings versus 40 sales-for a sell/list ratio of 108.11%.The 14 day rolling sell/list ratio now stands at 59.97%.Average list price of the sales was $200,753 & average sales price was $197,611.This means that average sales price today sold below the list by $3,142 or 1.57%.Of the 40 sales that occurred, 10 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 3887.There were 28 Price Changes, 2 Price Increases & 26 Price Decreases
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Wednesday (Sept 26th) Numbers
2007-09-29 15:10:00
Wednesday (Sept 26th) brought 34 new listings versus 16 sales-for a sell/list ratio of 47.06%.The 14 day rolling sell/list ratio now stands at 55.75%.Average list price of the sales was $209,181 & average sales price was $202,113.This means that average sales price today sold below the list by $7,069 or 3.38%.Of the 16 sales that occurred, 2 sold at or above over the asking price.That's 12.5% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 3896.There were 10 Price Changes, 1 Price Increases & 9 Price Decreases
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Tuesday (Sept 25th) Numbers
2007-09-26 00:43:00
Tuesday (Sept 25th) brought 46 new listings versus 44 sales-for a sell/list ratio of 95.65%.The 14 day rolling sell/list ratio now stands at 55.83%.Average list price of the sales was $207,234 & average sales price was $204,076.This means that average sales price today sold below the list by $3,158 or 1.52%.Of the 44 sales that occurred, 9 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 3890.There were 29 Price Changes, 1 Price Increases & 28 Price Decreases
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Monday (Sept 24th) & The Weekend
2007-09-24 23:45:00
Monday (Sept 19th) & the weekendbrought 40 new listings versus 12 sales-for a sell/list ratio of 30%.The 14 day rolling sell/list ratio now stands at 52.80%.Average list price of the sales was $269,825 & average sales price was $260,372.This means that average sales price today sold below the list by $9,453 or 3.50%.Of the 12 sales that occurred, 2 sold at or above over the asking price.That's 17% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 3890.There were 20 Price Changes, 2 Price Increases & 18 Price Decreases
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Friday (Sept 21st) Numbers
2007-09-24 15:09:00
Friday (Sept 19th) brought 45 new listings versus 21 sales-for a sell/list ratio of 46.67%.The 14 day rolling sell/list ratio now stands at 54.19%.Average list price of the sales was $207,637 & average sales price was $202,493.This means that average sales price today sold below the list by $5,145 or 2.48%.Of the 12 sales that occurred, 1 sold at or above over the asking price.That's 5% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 3865.There were 10 Price Changes, 1 Price Increases & 9 Price Decreases
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Thursday (Sept 20th) Numbers
2007-09-24 14:59:00
Thursday (Sept 19th) brought 39 new listings versus 32 sales-for a sell/list ratio of 82.05%.The 14 day rolling sell/list ratio now stands at 57.66%.Average list price of the sales was $254,147 & average sales price was $248,314.This means that average sales price today sold below the list by $5,833 or 2.30%.Of the 32 sales that occurred, 8 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 3850.There were 7 Price Changes, 2 Price Increases & 5 Price Decreases
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