MLS Statistics for the last two weeks, 2/20/09 – 3/06/09
March 7, 2009 by Doors Of Your Life · Leave a Comment
Comparing the past 2 weeks with the 2-week period, 1/30 – 2/13/09:
The number of new listings coming on the market declined by 20%
The number accepting offers (going contingent sale) increased by 35%
Closed sales went up 75%
Properties coming back on market (i.e. deals falling through) fell by 8%
The number of price reductions—already at very high rates—increased by 18%
Expired and withdrawn listings are relatively stable
26% of house sales were bank-owned properties (REO); 10% of condo sales were REOs
PARAGON MLS Statistics for the last two weeks, 2/20/09 – 3/06/09
Districts 1-10 (All SF)
|
|
Houses |
Condos |
TICs |
2-4 Units |
|
New Listings |
131 |
140 |
60 |
30 |
|
Went Contingent |
61 |
65 |
21 |
6 |
|
Went Pending |
77 (14 were REOs) |
45 (9 were REOs) |
27 |
11 |
|
Sold |
70 (18 were REOs) |
50 (5 were REOs) |
15 |
7 |
|
Back on Market |
29 |
20 |
8 |
6 |
|
Price Reduction |
92 |
134 |
49 |
40 |
|
Expired |
26 |
20 |
5 |
13 |
|
Withdrawn |
33 |
42 |
27 |
10 |
Comparing the past 2 weeks with the 2-week period, 1/30 – 2/13/09:
The number of new listings coming on the market declined by 20%
The number accepting offers (going contingent sale) increased by 35%
Closed sales went up 75%
Properties coming back on market (i.e. deals falling through) fell by 8%
The number of price reductions—already at very high rates—increased by 18%
Expired and withdrawn listings are relatively stable
26% of house sales were bank-owned properties (REO); 10% of condo sales were REOs
|
|
Houses |
Condos |
TICs |
2-4 Units |
|
Total # Active Listings |
569 - # is stable |
717 – # is up |
254 – up |
244 – up |
|
Total # Sold for 30 days: |
113 – up |
80 – up |
15 – stable |
11 – stable |
|
Median LP & Avg $/sq.ft. |
705k $513/sq.ft.
|
714k $632/sq.ft.
|
|
1.060m $382/sq.ft. |
|
|
|
|
|
|
|
Median LP & Avg $/sq.ft. |
619k $479/sq.ft. |
640k $623/sq.ft. |
575k |
999k $380/sq.ft. |
SF MLS Statistics by District
|
By District |
Total # Active Homes |
New SFD Condo/TIC Listings: |
Went Contingent 2 wks |
Went Pending 2wks |
Back on Market |
Total # Sales |
Average $/sq.ft. Solds: |
Months Supply of Inventory |
|
1 |
113 |
26 |
12 |
8 |
2 |
6 |
$432 (SFD) |
5.6 months |
|
2 |
96 |
29 |
12 |
16 |
4 |
8 (all SFD) |
$514 (SFD) |
6 months |
|
3 |
59 |
15 |
8 |
15 |
4 |
8 |
$427 (SFD) |
7.3 months |
|
4 |
71 |
17 |
8 |
3 |
1 |
10 |
$554 (SFD) |
5 months |
|
5 |
223 |
59 |
28 |
31 |
8 |
26 |
$713 (SFD) |
5.6 months |
|
6 |
110 |
26 |
9 |
8 |
2 |
11 |
$564 (Cdo) |
7.9 months |
|
7 |
127 |
26 |
8 (3 SFD) |
7 |
4 |
5 |
$927 (SFD) |
15.8 months |
|
8 |
195 |
36 |
8 |
9 |
4 |
16 |
$777 (Cdo) |
24.4 months |
|
9 |
393 |
76 |
38 |
22 |
9 |
19 |
$615 (SFD) |
6.8 months |
|
10 |
175 |
30 |
17 |
31 |
15 |
29 |
$400 (SFD) |
|
Inventory is increasing in all districts except District 10, but sales activity is also increasing.
Condo sales in District 9 in particular have increased significantly.
District 10 is plagued by a very high number of properties coming back on market (i.e. deals falling through after acceptance).
The months-supply-of-inventory (MSI) is the # of months it will take the current inventory of homes to sell at current sales rates. MSI = # of active homes divided by the projected # of properties going contingent lessproperties coming back-on-market in a 30 day period.
Median and average figures are necessarily generalities, which may reflect changes in buying trends (to smaller or less expensive homes) and may not reflect values or changes in value for specific properties and locations. All information from sources deemed reliable, but not guaranteed.
