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