For the week of October 27th to November 3rd 2011
Previous weeks stats in brackets
New Listings: 410 (376,397, 368, 414)
Sold: 158 (111, 126, 116, 128)
Sale to List Ratio: 39% (30%, 32%, %32, 31%)
Expired/Cancelled/Withdrawn: 321 (123, 149, 145, 343)
Active Single Family Home: 2795 (2961, 2986, 3011, 3004)
Average Single Family Home List Price: $273,360($259,354, $285,399, $287.019, $256,696)
Average Single Family Home Selling Price: $262,920 ($252,129, $275,291, $274,126, $247,369)
Average Days on Market - Single Family Home: 79 (99, 100, 91. 89)
Active Condos: 332 (329, 339, 333, 341)
Average Condo Listing Price: $248,372 ($211,275, $194,265, $247,426, $238,343)
Average Condo Selling Price: $240,996 ($204,673, $189,523, $240,294, $230,743)
Average Days on Market - Condos: 96 (167, 56, 138, 45)
Some strong numbers to talk about this week. Usually the market statistics tend to decrease in most aas the winter months approach however, the "Ships Start Here" contract might have sparked some early market activity (see my earlier blog prediction). The Sales to List ratio is the highest its been in weeks and the sales are also quite high for this time of year. Lots of new listings this week which reflects the first of the month expired listings renewal routine. Time will tell if this is just early market excitement or the beginning of the new market trend. If you missed it, I reported on multi-residential listings (scroll down) earlier this week with some interesting facts, graphs and statistics about this market type. I also published the October Residential Market Monthly Stats on Tuesday (scroll down to view).
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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