Leigh Hays » condos http://www.leighhays.com Just another WordPress weblog Mon, 06 Feb 2012 00:22:57 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 The Numbers – May 2009 http://www.leighhays.com/the-numbers-may-2009/?utm_source=rss&utm_medium=rss&utm_campaign=the-numbers-may-2009 http://www.leighhays.com/the-numbers-may-2009/#comments Wed, 15 Jul 2009 18:55:26 +0000 Leigh Hays http://www.leighhays.com/?p=780 Share

May 2009 Numbers:

Condos/Townhomes:

Area # of Sales Total Sales Volume Avg Sale Price Average Original List Price Sales Price to Final List Price Average Total Days on the Market
21 51  $              9,505,160  $             186,370  $             199,370 93.5% 97.1
23 39  $              6,659,470  $             168,488  $             174,322 96.6% 98.9
24 5  $              1,171,500  $             234,300  $             236,380 99.1% 142.2
52 23  $              4,468,450  $             194,280  $             205,466 94.6% 163.6
TOTALS 118  $           21,804,580          

 

Homes:

Area # of Sales Total Sales Volume Avg Sale Price Average Original List Price Sales Price to Final List Price Average Total Days on the Market
21 41 $31,948,960  $             779,243  $             855,875 91.0% 161.3
23 32 $16,852,438  $             526,639  $             573,433 91.8% 103.2
24 43 $10,013,330  $             232,868  $             245,127 95.0% 92.5
31 148 $7,345,715  $               49,633  $               53,536 92.7% 106.6
32 55 $5,260,975  $               95,654  $             101,802 94.0% 71
52 135 $27,916,132  $             206,786  $             220,757 93.7% 88.7
TOTALS 454 $99,337,550        

The area key is here.

]]> http://www.leighhays.com/the-numbers-may-2009/feed/ 0 The Numbers – April 2009 http://www.leighhays.com/the-numbers-april-2009/?utm_source=rss&utm_medium=rss&utm_campaign=the-numbers-april-2009 http://www.leighhays.com/the-numbers-april-2009/#comments Sat, 13 Jun 2009 21:48:36 +0000 Leigh Hays http://www.leighhays.com/?p=751 Share

There was an increase in the number of sales in the intown markets from March 2009 to April 2009.     In single family houses – there were 23 more closings and in increase in sales volume of $16,631,268.  

April 2009 Numbers:

Homes:

Area # of Sales Total Sales Volume Avg Sale Price Average Original List Price Sales Price to Final List Price Average Total Days on the Market
21 43  $              8,645,504  $             201,058  $             221,666 94.7% 120.8
23 47  $           11,501,906  $             244,721  $             268,637 97.0% 155.4
24 1  $                 190,000  $             190,000  $             210,000 95.2% 25
52 23  $              3,867,405  $             168,148  $             182,914 95.0% 120.4
TOTALS 114  $           24,204,815          

Condos & Townhomes:

Area # of Sales Total Sales Volume Avg Sale Price Average Original List Price Sales Price to Final List Price Average Total Days on the Market
21 43  $              8,645,504  $             201,058  $             221,666 94.7% 120.8
23 47  $           11,501,906  $             244,721  $             268,637 97.0% 155.4
24 1  $                 190,000  $             190,000  $             210,000 95.2% 25
52 23  $              3,867,405  $             168,148  $             182,914 95.0% 120.4
TOTALS 114  $           24,204,815          

 

Key to the Areas is here.   March 2009 numbers are here and February 2009 numbers are here.

 Here are the national housing indicators for the April:

Existing-Home Sales          4.68 million units*

Existing-Home Median Price        $170,200

Housing Starts      458,000*

New Home Sales         352,000 units*

*seasonally adjusted annual rate

]]> http://www.leighhays.com/the-numbers-april-2009/feed/ 0 March 2009: The Numbers http://www.leighhays.com/march-2009-the-numbers/?utm_source=rss&utm_medium=rss&utm_campaign=march-2009-the-numbers http://www.leighhays.com/march-2009-the-numbers/#comments Sat, 25 Apr 2009 13:03:45 +0000 Leigh Hays http://www.leighhays.com/?p=642 Share

FMLS Stats for the Month of March 2009.   

Per Steve Palm who provides the Smart Numbers from FMLS, sees a “moderate trend for a number of single family housing statistics that still point to positive results for June or July (2009).”   He also states that “while March 2009 numbers were down from the previous year – March 2008, March 2009 is up over February 2009 by the greatest percentage since Feb – March 2006.”   It is important to realize this increase is not based on number of units sold but percentages.  

This news is great for the single Family market but we will probably wait a bit longer for the good news about the condo market in most markets.  However there was an increase in number of units sold – 64 in Feb 2009 and 99 in March 2009.   We also see an increase in the number of units sold in single family houses in areas 21,23 & 24 – 65 sold in Feb 2009 and 88 sold in March 2009.   Key to FMLS areas is here.   February 2009 numbers are here. 

Condos/Townhomes

 

Area # of Sales Total Sales Volume Avg Sale Price Average Original List Price Sales Price to Final List Price Average Total Days on the Market
21 30 $24,370,360  $        816,345  $        923,287 91.1% 97.4
23 27 $10,545,500  $        390,574  $        410,309 95.5% 66.2
24 31 $5,805,575  $        187,277  $        196,164 95.5% 51.3
31 142 $6,767,951  $          47,662  $          67,282 90.7% 105.5
32 77 $8,255,772  $        107,218  $        128,196 92.1% 87.7
52 106 $24,418,719  $        230,365  $        544,356 92.6% 97
TOTALS 413 $80,163,877        

 Note – in Area 52 – the average original list price of $544,356 looks like a typo to me or an error in the list price when the property was first listed. 

Areas 31 & 32 are areas with high numbers of foreclosures rates – particular area 31.   It is great to see the foreclosures being absorbed.  

Area # of Sales Total Sales Volume Avg Sale Price Average Original List Price Sales Price to Final List Price Average Total Days on the Market
21 56  $           14,010,638  $        250,190  $        286,601 91.7% 122.2
23 40  $              7,601,054  $        190,026  $        225,689 88.2% 113.8
24 3  $                 714,900  $        238,300  $        259,900 97.3% 109.7
TOTALS 99  $           22,326,592          

 

 Single Family Homes

]]> http://www.leighhays.com/march-2009-the-numbers/feed/ 0 February 2009: The Numbers http://www.leighhays.com/february-2009-the-numbers/?utm_source=rss&utm_medium=rss&utm_campaign=february-2009-the-numbers http://www.leighhays.com/february-2009-the-numbers/#comments Tue, 21 Apr 2009 00:51:14 +0000 Leigh Hays http://www.leighhays.com/?p=604 Share

FMLS stats for the month of  February 2009

Condos/Townhomes:

Area # of Sales Total Sales Volume Avg Sale Price Average Original List Price Sales Price to Final List Price Average Total Days on the Market*
21 33  $         7,968,790  $        241,477  $        292,145 91.90% 148.5
23  26  $         5,381,980  $        206,996  $        232,762 93.70% 144.5
24  5  $         1,270,000  $        254,000  $        297,634 96.80% 111.6
TOTALS 64  $       14,620,770         

Single Family Homes

Area # of Sales Total Sales Volume Avg Sale Price Average Original List Price Sales Price to Final List Price Average Total Days on the Market*
21 20 $11,614,500  $        580,725  $        659,175 93.3% 151.7
23 18 $9,411,900  $        522,883  $        570,477 94.7% 131
24 27 $5,068,041  $        187,705  $        211,952 94.0% 110.5
TOTALS 65 $26,094,441        

 Click here for FMLS Area descriptions

In both the condo/townhome & home markets – there is still  a large difference in the average original list price for the area and the average sale price.   Listings continue to be priced higher than the market.    Requiring sellers to reduce their list price during the course of  marketing and then still negotiating on price to sell.

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