The Importance of Market Data

Buyers and Sellers need to consider available data when arriving at their selling or buying strategies.  The data in this section of my website comes from different sources and articles including my own person observations.

Sellers want to understand the market so that they can choose the best pricing strategy to ensure that their home sells for the highest price in the shortest time frame. The pricing strategy is dependent on market conditions. An experienced agent will interpret the market data and help to formulate the best price and strategy. 

Buyers want to be aware of market trends and how those trends might affect what they offer on a given piece of property. Buyers want to see the comps (comparable sales data). An experienced agent can provide the comps and help interpret the data as well as give advice on what strategy to use in the bidding process.

DATE:   December 2013

TOTAL ACTIVE RESIDENTIAL LISTINGS:   176

COMPARED TO LAST YEAR AT THIS TIME:   140

AVERAGE LIST PRICE:   2 Bed $306,691; 3 Bed $400,946; 4 Bed $447,283; 5+ Bed $603,712

AVERAGE MARKET TIME:   19 Days

COMPARED TO LAST YEAR AT THIS TIME:   28 Days

LIST PRICE VERSES SALES PRICE RATIO:   100%

COMPARED TO LAST YEAR:   101.7%

NUMBER OF SALES YTD:   1352

AVERAGE SALES PRICE:   2 Bed $399,950; 3 Bed $585,000; 4 Bed $629,500 5+ Bed $0

COMPARED TO LAST YEAR:   2 Bed $231,219; 3 Bed $357,048; 4 Bed $208,000; 5+ Bed $506,738

OVERALL APPRECIATION OR DEPRECIATION:   23.90% Appreciation

 

DATE:  November 2013

TOTAL ACTIVE RESIDENTIAL LISTINGS:   231

COMPARED TO LAST YEAR AT THIS TIME:   181

AVERAGE LIST PRICE:   2 Bed $299,066; 3 Bed $433,506 4 Bed $483,642; 5+ Bed $394,468

AVERAGE MARKET TIME:   20 Days

COMPARED TO LAST YEAR AT THIS TIME:   32 Days

LIST PRICE VERSES SALES PRICE RATIO:   99%

COMPARED TO LAST YEAR:  99%

NUMBER OF SALES YTD:   1292

AVERAGE SALES PRICE:   2 Bed $259,626; 3 Bed $412,332; 4 Bed $448,823; 5+ Bed $431,238

COMPARED TO LAST YEAR:   2 Bed $253,381; 3 Bed $352,365; 4 Bed $571,116; 5+ Bed $474,990

OVERALL APPRECIATION OR DEPRECIATION:  11.11% Appreciation

 

DATE:   October 2013

TOTAL ACTIVE RESIDENTIAL LISTINGS:   258

COMPARED TO LAST YEAR AT THIS TIME:   217

AVERAGE LIST PRICE:   2 Bed $306,149; 3 Bed $516,293; 4 Bed $753,417; 5+ Bed $695,264

AVERAGE MARKET TIME:   34 Days

COMPARED TO LAST YEAR AT THIS TIME:   28 Days

LIST PRICE VERSES SALES PRICE RATIO:   100.72%

COMPARED TO LAST YEAR:   99.57%

NUMBER OF SALES YTD:   1241

AVERAGE SALES PRICE:   2 Bed $335,419; 3 Bed $406,861; 4 Bed $586,638; 5+ Bed $551,409

COMPARED TO LAST YEAR:   2 Bed $262,990; 3 Bed $378,204; 4 Bed $484,376; 5+ Bed $585,300

OVERALL APPRECIATION OR DEPRECIATION:   9.06% Appreciation