Last week, I put down a fair amount of information on the downtown real estate market and provided the sales information about the area. I also talked a bit about how the year of 2008 felt for a real estate professional (http://www.loftsinthelou.com/2009/01/2008-real-estate-sales-downtown.html).
The post is something I've tried to do for a few years. Putting the year in perspective.
Of course, that was just downtown.
Hearing a news broadcast yesterday, I heard some remark about housing values and felt that the report was misinformation; exagerating the markets downturn.
Today I pulled up the city wide sales statistics. Looking at single family residential, condominiums and multi-family homes, the report is included below, but the most notable data follows:
Year----Total Sales Number/$ Value----------Average Price------------Days on Market
2007--------5000 / $701,227,559---------------$140,246---------------------88
2008--------4532 / $515,009,046---------------$113,638---------------------99
2007
|
Active: 0 |
Pending: 0 |
Sold: 5000 |
Other: 0 |
Total: 5000 |
|
|
Bedrooms |
Bathrooms |
Square Feet |
List Price |
Selling Price |
DOM |
|
Minimum |
0 |
0.00 |
384 |
$500 |
$500 |
0 |
|
Average |
2 |
1.31 |
1,733 |
$145,120 |
$140,246 |
88 |
|
Median |
2 |
1.00 |
1,284 |
$124,900 |
$120,000 |
59 |
|
Maximum |
12 |
8.00 |
20,592 |
$2,199,000 |
$2,000,000 |
883 |
|
Total Dollar Value |
|
|
|
|
$701,227,559 |
|
|
|
|
Average DOM Breakdown and Average % of List Price received on Solds by Market time: |
|
|
0-30 Days |
31-60 Days |
61-90 Days |
91-120 Days |
120+ Days |
|
No. of Listings |
1500 |
1020 |
766 |
475 |
1239 |
|
Breakdown % |
30.00 |
20.40 |
15.32 |
9.50 |
24.78 |
|
Avg SP % LP |
98.16 |
80.99 |
37.81 |
59.75 |
86.72 |
|
|
|
|
|
|
|
2008
|
Active: 0 |
Pending: 0 |
Sold: 4532 |
Other: 0 |
Total: 4532 |
|
|
Bedrooms |
Bathrooms |
Square Feet |
List Price |
Selling Price |
DOM |
|
Minimum |
0 |
0.00 |
40 |
$1 |
$1 |
0 |
|
Average |
2 |
1.31 |
1,766 |
$119,548 |
$113,638 |
99 |
|
Median |
2 |
1.00 |
1,416 |
$89,900 |
$87,400 |
66 |
|
Maximum |
9 |
6.50 |
158,167 |
$2,300,000 |
$2,050,000 |
1,382 |
|
Total Dollar Value |
|
|
|
|
$515,009,046 |
|
|
|
|
Average DOM Breakdown and Average % of List Price received on Solds by Market time: |
|
|
0-30 Days |
31-60 Days |
61-90 Days |
91-120 Days |
120+ Days |
|
No. of Listings |
1234 |
925 |
575 |
500 |
1298 |
|
Breakdown % |
27.23 |
20.41 |
12.69 |
11.03 |
28.64 |
|
Avg SP % LP |
41.41 |
56.88 |
88.32 |
49.50 |
48.94 |
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