Embed Size (px)
DESCRIPTION
Los Altos Hills Real Estate Trends September 2012. Single family homes, prices, volume, average market time, median, average values, graphs, 4 years of trending
Citation preview
MARKET ACTION REPORT
September 2012
MLS Area: Los Altos Hills #221SUSANNE BOHL, [email protected]
Price Range: ALL | Properties: Single Family Home
Based on information from MLSListings, Inc. for the period 10/1/2009 through 9/30/2012. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLS's may not reflect all real estate activity in the market.
Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear
Median List Price of all Current Listings $3,945,000 Average List Price of all Current Listings $5,184,961 September Median Sales Price $2,667,500 $2,750,000September Average Sales Price $2,895,000 $3,207,569Total Properties Currently for Sale (Inventory) 56 September Number of Properties Sold 8 79September Average Days on Market (Solds) 62 85Asking Price per Square Foot (based on New Listings) $916 $906September Sold Price per Square Foot $836 $802September Month's Supply of Inventory 7.0 8.6September Sale Price vs List Price Ratio 96.8% 96.9%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales September Property sales were 8, up 60.0% from 5 in September of 2011 and -20.0% lower than the 10 sales last month. September 2012 saleswere at their highest level compared to September of 2011 and 2010. September YTD sales of 79 are running -2.5% behind last year's year-to-date sales of 81.
Prices The Median Sales Price in September was $2,667,500, up 29.5% from $2,060,000 in September of 2011 and down -20.0% from $3,335,000 lastmonth. The Average Sales Price in September was $2,895,000, up 36.9% from $2,115,138 in September of 2011 and down -11.9% from$3,286,089 last month. September 2012 ASP was at highest level compared to September of 2011 and 2010.
MARKET ACTION REPORT
September 2012
MLS Area: Los Altos Hills #221SUSANNE BOHL, [email protected]
Price Range: ALL | Properties: Single Family Home
Based on information from MLSListings, Inc. for the period 10/1/2009 through 9/30/2012. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLS's may not reflect all real estate activity in the market.
Inventory & MSI The Total Inventory of Properties available for sale as of September was 56, up 3.7% from 54 last month and up 12.0% from 50 in Septemberof last year. September 2012 Inventory was at a mid range compared to September of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2012 MSI of 7.0 months wasat its lowest level compared with September of 2011 and 2010.
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 DOMtends 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 forSeptember was 62, down -35.4% from 96 days last month and down -18.4% from 76 days in September of last year. The September 2012DOM was at its lowest level compared with September of 2011 and 2010.
Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales pricecan be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on thedirection of Property values. The September 2012 Selling Price per Square Foot of $836 was up 11.2% from $752 last month and up 42.4%from $587 in September of last year.
MARKET ACTION REPORT
September 2012
MLS Area: Los Altos Hills #221SUSANNE BOHL, [email protected]
Price Range: ALL | Properties: Single Family Home
Based on information from MLSListings, Inc. for the period 10/1/2009 through 9/30/2012. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLS's may not reflect all real estate activity in the market.
Selling Price vs Listing Price The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratiois below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The September 2012 SellingPrice vs List Price of 96.8% was up from 94.1% last month and up from 96.1% in September of last year.
Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in September 2012 was 18, up50.0% from 12 last month and up 50.0% from 12 in September of last year.
