Victoria Park Town Homes Market Analysis: INCLINING and STABLE…

Victoria Park Town Homes

Year over year Closed Sale Price values INCLINED--Median Price 6% to $517,000 from $485,000, Average Price 7% to $543,908 from $504,609 and Closed Sale Price/LIVING (area) 5% to $237.69/SqFt from $224.80…

Current Inventory, 64 listings: Median Price $674,000; Average Price $672,775, and; LIVING $285.38.

Pending Sales, 10: Median Price $724,500; Average Price $714,600, and LIVING; $297.38.

Stability, Closed Sales Trail-12 Months: Median Price is 95 % of Average Price (trail-24-13 months was 96%; trail-36-25 was 90%).  Of the 59 closed sales trail-12, 53% were under the average Price, and 51% were under the average LIVING (trail-24-13 under average Price 57% and under average LIVING 52%; trail 36-25 under average PRICE 51% and under average LIVING 52%).

Current Inventory (Trail-12 Closed Sale Price Values): under average PRICE 28% and under average LIVING 22%.

Year over year, Average Days on Market INCLINED to 120 days from 97 (current Inventory DOM: 153); Discount (from last list price) DECLINED to 3.87% from 4.93%; PRICE/RENT Ratio INCLINED to 23.52 from 22.16 (decreasing affordability); ANNUAL RENT INCLINED 1% to $23.130 from $22,773; Rentals/Month DECLINED to eight from nine.

MICRO CLOSED SALES DATA, Rank Closed Sale Trail-12 by LIVING by SECTOR: Southeast $264.57, Northeast $243.46, Southwest $237.62, Northwest $190.16; Rank Trail-36 Southeast $249.81, Southwest $235.89, Northeast $229.18, Northwest $182.41; Rank from January 2007 through December 2015 Southeast $225.98 Southwest $218.10 Northeast $204.27, Northwest $159.43.