Victoria Park Town Homes Market Analysis

Victoria Park Town Homes Market Analysis

Closed Sale Value Trailing-12 months DECLINED by PRICE 1.8% to $501,326 from $510,959—the first value decline since the July 2010 low; however, Closed Sale Value by LIVING (area) INCLINED 9.08% to $237.08/SqFt from $228.00 (while trailing-six LIVING DECLINED 6.1% to $228.68).

Closings frequency has slowed: 144 closings trailing-24; 65 closings trailing-12; 28 closings trailing-six (four in March, four in April, two in May).

Twelve properties are pending sale (PRICE, $554,658, LIVING $246.27).

Closed Rent trailing-12 DECLINED 5.2% to $31,726 from $33,454—the first DECLINE in five years.

Sales Price/Rent Ratio (15.80) INCLINED nearly reaching Moody’s Long-Run Affordability (16.00).

MACRO Closed Sales Data Trend Line Post-Low (July 2010) by Closed Sale LIVING: INCLINE $140 to $250.

MICRO Closed Sales Data trailing-12 RANK by sector by PRICE: Southeast $660,222; Northeast $510,588; Southwest $463,661, and; Northwest $458,014.  By LIVING: Southeast $253.02; Southwest $248.00; Northeast $230.14, and; Northwest $225.80.  By DOM: Southeast 98; Southwest 110; Northwest 126, and; Northeast 173.

MICRO Closed Sales Data trailing-12 UNDERMARKET by sector by PRICE: Northwest 15/21; Southwest 10/18; Northeast 8/17, and; Southeast 1/9.  By LIVING: Northwest 11/21; Southwest 9/18; Northeast 11/17, and; Southeast 2/9. By PRICE/RENT: Northwest 15/21; Southwest 10/18; Northeast 8/17, and; Southeast 1/9.  Total UNDERMARKET: Northwest 41/63; Southwest 29/54; Northeast 27/51, and; Southeast 4/27.  

MICRO Closed Sales Data trailing-12 Trend Line by LIVING:  DECLINE Northwest, Northeast, Southeast; INCLINE Southwest.