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July 2011
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
Month
$3,400,000 $4,290,120 $1,200,000 $1,200,000 25 2 290 $520 $405 12.5 92.6%
3 2
LM
L3M PYM
YTD
Prior YTD
Prior Year
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
Property Sales
July Property sales were 2, equal to 2 in July of 2010 and 100.0% higher than the 1 sales last month. July 2011 sales were at their highest level compared to July of 2010 and 2009. July YTD sales of 7 are running 12.5% behind last year's year-to-date sales of 8.
2 2
2 2
2 2
2 1
1 1 1 1 1 1 1 1 1 0 0 3 Mo Avg 0
1
0 0 0 0 0 0 0 0 0 0 0 0
0
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 08 09 10 11
Prices
The Median Sales Price in July was $1,200,000, down 5.6% from $1,271,313 in July of 2010 and up 37.1% from $875,000 last month. The Average Sales Price in July was $1,200,000, down 5.6% from $1,271,313 in July of 2010 and up 37.1% from $875,000 last month. July 2011 ASP was at the lowest level compared to July of 2010 and 2009.
(000's)
4,900 4,400 3,900 3,400 2,900 2,400 1,900 1,400 900 400
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 08 09 10 11
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2011 MSI of 12.5 months was at its lowest level compared with July of 2010 and 2009.
45 40 35 30 25 20 15 10 5 0
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace 41 40 40 38
40 35 30
37
31 32 32 29 31 33 32 33
34 34 33
24 27
29 31 30 30 29 30
25
25
20 15 10 5 0
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 08 09 10 11
Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.
4 5 6 6 6
8 10 11 12 15
20
July 2011
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 290, up 10.3% from 263 days last month and up 1426.3% from 19 days in July of last year. The July 2011 DOM was at a mid level compared with July of 2010 and 2009.
Average Days on Market (Listing to Contract) for properties sold during the month
3 Mo Avg
290
51
19
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 08 09 10 11
Average Selling Price per Square Foot for properties that sold during the month
3 Mo Avg
825 571
405
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 08 09 10 11
93.7% 87.4%
92.6%
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 08 09 10 11
45 40 35 30 25 20 15 10 5 0
Inventory
41 40 40 38
New Listings
Sales
37
31 32 32 29 31 33 32 33
34 34 33
24 27
29 31 30 30 29 30 25
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 08 09 10 11
Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.
4 5 6 6 6
8 10 11 12 15
20
July 2011
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
Inventory
40 40
New Listings
Sales
40 35
33 33 32 32 31 31 37
38 34
34
31
30
30
29
29
10 5 0
Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.
2 04 1 0 5 1 6 0 0 6 0 1 6 0 2 8 1 3 10 0 3 11 2 3 12 2 3 15 0 5 0 4 1 4 0 4 1 4 2 2 0 2 2 5 1 6 0 3 2 3 0 6 1 8 2 3 2 4 0 3 1 3 1 3 1 4 2 3 0 7 0 2 2 4 2 2 0 3 1 1 2
15
A 08
D J 09 F
20
20
24
D J 10 F
D J 11 F
25 J
25
27
29
30
30
32
33