Victoria Park North Market Analysis

Victoria Park North Market Analysis

 Year over year Closed Sale Price values INCLINED--Average Price 3% to $602,803 from $585,060 and Average LIVING 7% to $370.48 from $345.48 while Median Price DECLINED slightly to $477,500 from $480,000 and Average LOT 4% to $78.93 from $82.17--the first value declines since the June 2010 LOW ($14/LOT).

Current Inventory, 28 listings: Median Price $639,000; Average Price $717,878; LOT $103.96, and; LIVING $320.51.

Pending Sales, 7: Median Price $689,990; Average Price $694,134; LOT $177.04, and LIVING; $320.51.

STABILITY Closed Sales Trail-12 Months: Median Price 79% Average Price (trail-24-13 months 82%; trail-36-25 months 100%; trail 48-37 months 107%).  Of the 30 closed sales trail-12, 63% were under Average PRICE, 63% were under Average LOT, and 50% were under Average LIVING.

Current Inventory (Trail-12 Closed Sale Price Values): Of the 28 current listings 46% are under Average PRICE, 61% are under Average LOT, and 39% and under Average LIVING.

Year over year, Average Days on Market INCLINED to 100 days from 84 (current Inventory 87); Discount (from last list price) DECLINED to 2.64% from 4.71%; PRICE/RENT Ratio INCLINED to 17.36 from 16.60 (decreasing affordability); ANNUAL RENT DECLINED 2% to $34,718 from $35,250; Rentals INCLINED to 1.83/month from 1.33/Month.

MICRO CLOSED SALES DATA Closed Sale Trail-12 by SECTOR (NE 16th Av/NE 6th St): Median Price NorthWest $461,200 NorthEast $515,000, Average PRICE NW $549,533 NE $643,353, Average LOT NW $70.85 NE $84.38, Average LIVING NW $360.21 NE $379.09, P/R NW 15.76 NE 18.27.

MICRO CLOSED SALES DATA Closed Sale Trail-36 by SECTOR (NE 16th Av/NE 6th St): Median Price NorthWest $424,000 NorthEast $481,500, Average PRICE NW $453,253 NE $563,710, Average LOT NW $61.92 NE $80.07, Average LIVING NW $299.83 NE $343.16, P/R NW 14.50 NE 16.63.