Weekly Residential Market Statistic Update For Week of Feb 23rd to March 1st 2012
New Listings: 427 (391, 353, 381, 416)
Sold: 166 (153, 160, 138, 117)
Sale to List Ratio: 39% (39%, 45%, 36%, 28%)
Expired/Cancelled/Withdrawn: 140 (42, 66, 67, 155)
Active Single Family Home: 2286 (2278, 2233, 2264, 2236)
Average Single Family Home List Price: $289,146 ($284,346, $260,193, $282,190, $294,792)
Average Single Family Home Selling Price: $281,824 ($274,550, $256,079, $277,215, $286,626)
Average Days on Market Single Family Home: 107 (117, 86, 87, 86)
Active Condos: 259 (249, 250, 251, 255)
Average Condo Listing Price: $240,412 ($226,300, $264,087, $243,658, $229,126)
Average Condo Selling Price: $236,218 ($213,451, $258,691, $236,829, $223,726)
Average Days on Market Condos: 143 (107, 76, 143, 135)
This week has the highest number of new listing entries this year! The sales to list ratio remains at par with last week showing a strong late winter market push. Lots of new listing entries is a sure sign of the about to bloom spring market however, listings and sales have been solid all year so far and as a matter of fact broke many records in the past few months.
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah