This month, I'd like to start off by saying--- these statistics are taken straight from the MLS system and the information is provided to help sellers align their product into the best position for sales. Although I'm posting on the world wide web---this is not a discussion on how "bad" the market is---that's old news. I'd like this to be a concentrated effort on how Real Estate Professionals can provide vital sales statistics to their clients to a beneficial end. Just this week Bend had 18 pending sales, 13 contingents, 73 price reductions and 9 sales closed. That to me is a victory for our local real estate market. We've seen an unprecedented number of multiple offers in the last thirty days, which tells me that the good deals ARE good deals and will be snapped up.
January 1 - April 10, 2009
Residential Properties
$50,000 - $250,000: 517 sellers. An average of 48 homes sell each month. There are approximately 10 months of inventory. 9.2% of sellers in line will sell in the next 30 days. Ave DOM: 192. Selling Price: $181,725. List to Sale Ratio: 93.74
$251,000- $300,000: 176 sellers. An average of 13.3 homes sell each month. There are approximately 13.2 months of inventory. 7.3% of sellers in line will sell in the next 30 days. Ave DOM: 217. Selling Price: $274,980. List to Sale Ratio: 92.99
$301,000 - $400,000: 232 sellers. An average of 8.6 homes sell each month. There are approximately 27 months of inventory. 3.7% of sellers in line will sell in the next 30 days. Ave DOM: 227. Selling Price: $345,812. List to Sale Ratio: 93.47
$401,000 - $500,000: 188 sellers. An average of 24 homes sell each month. There are approximately 23.5 months of inventory. 4.2% of sellers in line will sell in the next 30 days. Ave DOM: 277. Selling Price: $445,713. List to Sale Ratio: 91.20
$501,000 - $600,000: 145 sellers. An average of 6 homes sell each month. There are approximately 24 months of inventory. 4% of sellers in line will sell in the next 30 days. Ave DOM: 292. Selling Price: $552,068. List to Sale Ratio: 95.26
$601,000 - $750,000: 121 sellers. An average of 1.3 homes sell each month. There are approximately 93 months of inventory. 1% of sellers in line will sell in the next 30 days. Ave DOM: 269. Selling Price: $666,217. List to Sale Ratio: 93.44
$751,000 - $950,000: 109 sellers. An average of .6 homes sell each month. There are approximately 191 months of inventory. .5% of sellers in line will sell in the next 30 days. Ave DOM: 296. Selling Price: $800,000. List to Sale Ratio: 70.80
$951,000 - $1,500,000: 105 sellers. An average of .3 homes sell each month. There are approximately 350 months of inventory. .3% of sellers in line will sell in the next 30 days. Ave DOM: 252. Selling Price: $1,170,000. List to Sale Ratio: 78.26
$1,501,000 - $10,000,000: 75 sellers. An average of .3 homes sell each month. There are approximately 250 months of inventory. .4% of sellers in line will sell in the next 30 days. Ave DOM: 331. Selling Price: $2,200,000. List to Sale Ratio: 88
These statistics are MUCH better than last month's. In this recession there will be blips of sales runs and dry spells. The point is to get ready to be the first to go when we get a nice run on sales like this past month.
Comments(3)