For the week of September 29th to October 6th 2011
Previous weeks stats in brackets
New Listings: 414 (369, 371, 362)
Sold: 128 (127, 122, 128)
Sale to List Ratio: 31% (34%, 33%, 35%)
Expired/Cancelled/Withdrawn: 343 (113, 133, 154)
Active Single Family Home: 3004 (3126,3108, 3105)
Average Single Family Home List Price: $256,696 ($272,161, $274,686, $272,990)
Average Single Family Home Selling Price: $247,369 ($265,584, $264, 723, $266,304)
Average Days on Market - Single Family Home: 89 (108, 96, 90)
Active Condos: 341 (375, 380, 378)
Average Condo Listing Price: $238,343 ($305,329, $251,913, $230,373)
Average Condo Selling Price: $230,734 ($298,670, $242,846, $224,953)
Average Days on Market - Condos: 45 (288, 124, 222)
Few strange numbers to chat about this week. Lets start off with the average DOM (days on market) of Condo's. Thats the lowest average that I have seen in a long time. Condo prices settle back down from last weeks surge and the ones that did sell last week only took 45 days to sell on average. Thats a fast transaction turn around! The other stat of note would be the expired listings this week. With Haligonians stretching out the last bit of the fall real estate season, the large amount off market listings is a testament to the property owners folding their hand until the next time.
Check back next Thursday for the stats update and be sure to check in next week for some interesting developments.
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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