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Real Estate Analysis PDF Print E-mail
Written by Administrator   
Thursday, 17 January 2008

FOLLOWING DATA IS RETRIEVED FROM WINDSOR-ESSEX REAL ESTATE BOARD'S YEARLY REPORT
- Accumulating results at December of each year

 DATE

AVERAGE

PRICE    

DAYS ON

MARKET 

SALE TO 

LISTING

PRICE RATIO  

% SELL/LIST

RATIO 

 #SALES UNIT
 2007$163,314  91 N/A 35% 3452
 2006$165,484 85 92% 35% 3462
 2005$166,149  75 94% 40% 3973
 2004$161,483 67 277% ??
 47% 4216

 
ANALYSIS:

As you can see from the data, the real estate's market is statistically decreasing in comparison of the sales in the past four years.

The "Average price" is the mean price of properties sold over the entire year.
"Days on Market" is the averaged days a property required to be on MLS (Multiply Listing Service) for it to be sold or transacted.
"Sale to Listing Price Ratio" is the comparison of the price at closing sale, in comparison to the price originally listed.
"Percentage Sell vs. List Ratio" is the percentage of properties sold within the year comparing total listed.
"Number Sales Unit" is the total numbers of transaction.

We should pay close attention to "Days on Market", "Sale to Listing Price Ration" and "% Sell/List ratio." These three data reflect the level of activity and general trend of the real estate market.
As we can see, the days on market for a property to be sold has gradually increased from 67 days to 91 days from 2004 to 2007, indicating a slower real estate market.
Likewise, the percentage sell to list ratio has decreased over the years, reflecting that fewer properties are sold. It indicates a buyer's market, with significant excess in listing properties.
Due to the lack of data, the sale to listing price ratio cannot be thoroughly analyzed. From what is available, the reduction from 94% to 92% indicates a slight decrease in market value.

Last Updated ( Thursday, 17 January 2008 )
 

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