Académique Documents
Professionnel Documents
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2012
January Edition
Condo/TH
M-M Change
-4.4% -0.9% -2.9%
We are currently in what could be characterized as an inventory challenged environment. While sales have made year-over-year increases, new listings have been far from catching up. As a result, listings of single family homes are down over 30% from the same month last year, with attached home inventories dropping by nearly 50%. For buyers, this means that offers are going to have to be quite strong for sought after homes and price ranges. In January, homes sold for an average of 98% of their list price and nearly 1,000 homes sold for more than their list price. We have little evidence that this phenomenon will diminish, rather it is likely to continue. For sellers, they are better positioned in the market as the level of competitive listings has been reduced.
Single Family
December
Listings
A vailable A verage price M edian P rice 8,683 $ 274,626 $1 40,000 -8.8% 3.4% 0.1 % 9,520 $ 265,670 $1 39,900 -33.1 % 1 0.2% 3.0% 1 ,489 $ 82,622 $ 63,000 1 ,558 $ 83,352 $ 64,900 -46.4% -2.0% -4.5%
M-M Change
November
Y-O-Y Change
December
November
Y-O-Y Change
New Listings
Listings A verage P rice M edian P rice 4,091 $1 88,469 $1 29,990 25.9% 1 0.9% 4.0% 3,250 $1 70,01 2 $1 25,000 -1 .7% 1 1 .3% -2.2% 854 59,900 68,61 3 24.9% 1 .5% 2.1 % 684 $ 59,000 $ 67,1 83 -21 .7% -1 % 6.1 1 0.4%
Units Sold
Units So ld A verage P rice M edian P rice M edian $ /Sq.ft A vg $ /Sq.ft 2,91 9 $1 43,239 $ 1 8,000 1 $ 67 $ 64 -1 5.5% -2.9% -1 .7% 3.3% -6.6% 3,456 $1 47,445 $1 20,000 $ 65 $ 68 1 6.3% -8.6% -5.6% -8.7% -8.6% 599 $ 60,679 $ 52,000 $ 51 $ 48 -1 6.6% -3.9% -5.5% 3.2% -7.7% 71 8 $ 63,1 66 $ 55,000 $ 49 $ 52 -3.5% -1 .9% 1 -1 3.9% -1 .8% 1 -1 2.7%
DOM
A verage M edian 79.2 48.0 1 .9% 2.1 % 77.7 47.0 5.2% -4.0% 68.6 38.0 1 0.7% 0.0% 62.0 38.0 -7.1 % -30.9%
25,000
22,500
6,000
20,000 17,500
5,000
Available/Closed
15,000
12,500
Available/Closed
4,000
3,000
2,000
1,000
2,500
-
Available
Closed
Closed
Available
$400,000 $350,000
$300,000
70
Days on Market
50
Sale Price
60
$250,000 $200,000
$150,000
40 30 20 10 0
$100,000 $50,000 $-
Single Family
Condominium/Townhome
Single Family
Condominium/TH
The information and opinions in this report are believed to be reliable and has been obtained from sources believed to be reliable. Coldwell Banker Premier Realty makes no representation as to the accuracy or completeness of such information. The opinions expressed in the report constitute the judgment of the authors only and may not reflect the opinion of Coldwell Banker Premier Realty. This report is provided for informational purposes only and does not constitute investment advice. This report may not be circulated or copied without our prior written consent. Copyright 2012 Coldwell Banker Premier Realty.
Source: Mlxchange, Coldwell Banker Premier Realty. *Bank owned listings not under contract. Note: Averages tend to be greatly influenced by outliers. Condominiums/townhomes exclude high-rise.