Active
Volume: 19 (+12%)
Low: $1,598,000 (-5.7%)
High: $12,500,000 (0)
Average: $3,152,842.11 (-9.9%)
Median: $2,450,000 (-5.8%)
Under Contract
Volume: 6 (-14%)
Low: $1,699,000 (0)
High: $2,795,000 (-5.3%)
Average: $2,167,833.17 (-4.9%)
Median: $2,168,999.50 (-5.2%)
Pending
Volume: 0 (0)
Low: 0 (0)
High: 0 (0)
Average: 0 (0)
Median: 0 (0)
Sold (last 30 days)
Volume: 2 (0)
Low: $2,000,000 (+25%)
High: $2,660,000 (+33%)
Average: $2,330,000 (+29%)
Median: $2,330,000 (+29%)
Average % Difference between List Price and Purchase Price: -9.1% (-9.6%)
We have sales!!! I understand it doesn't seem like anything has really changed. However, one of the two sales from this week is actually new as evidenced by the slight change in numbers. I know there isn't a whole lot of data for residential income, but it's interesting to see how small changes can impact things.
I think the hardest part for me is that this seems like a premier opportunity to be an aggressive buyer based on the increasing gap between list price and purchase price. However, based on the low number of sales and what all of my clients are doing, people seem to be putting things on hold until the end of the year or further notice. Next week, I'll get last year's numbers to confirm this sentiment.
Volume: 19 (+12%)
Low: $1,598,000 (-5.7%)
High: $12,500,000 (0)
Average: $3,152,842.11 (-9.9%)
Median: $2,450,000 (-5.8%)
Under Contract
Volume: 6 (-14%)
Low: $1,699,000 (0)
High: $2,795,000 (-5.3%)
Average: $2,167,833.17 (-4.9%)
Median: $2,168,999.50 (-5.2%)
Pending
Volume: 0 (0)
Low: 0 (0)
High: 0 (0)
Average: 0 (0)
Median: 0 (0)
Sold (last 30 days)
Volume: 2 (0)
Low: $2,000,000 (+25%)
High: $2,660,000 (+33%)
Average: $2,330,000 (+29%)
Median: $2,330,000 (+29%)
Average % Difference between List Price and Purchase Price: -9.1% (-9.6%)
We have sales!!! I understand it doesn't seem like anything has really changed. However, one of the two sales from this week is actually new as evidenced by the slight change in numbers. I know there isn't a whole lot of data for residential income, but it's interesting to see how small changes can impact things.
I think the hardest part for me is that this seems like a premier opportunity to be an aggressive buyer based on the increasing gap between list price and purchase price. However, based on the low number of sales and what all of my clients are doing, people seem to be putting things on hold until the end of the year or further notice. Next week, I'll get last year's numbers to confirm this sentiment.
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