Victoria Park (South) Market Analysis: Steady/Inclining

YEAR OVER YEAR closed sale price values INCLINED: MEDIAN PRICE nine percent to $590,000 from $542,500, AVERAGE PRICE 22% to $693,900 from $568,030, Closed Sale Price/LOT (area) 22% to $96.38/SqFt from $79.19, and Closed Sale Price/LIVING (area) 12% to $366.00/SqFt from $327.67.

CURRENT INVENTORY: 29 listings; MEDIAN PRICE $749,900, AVERAGE PRICE $905,352, LOT $124.83, and LIVING $445.65.

SPREAD (Current Inventory/Closed Sales Trail-12): MEDIAN PRICE +27%, AVERAGE PRICE +30%, LOT +30%, and LIVING +22%.

PENDING SALES: 4, MEDIAN PRICE $669,500, AVERAGE PRICE $648,375, LOT $73.12, LIVING $372.95.

MACRO MARKET TRENDS: STABILITY Trail-12 Closed Sale Values: Median Price/Average Price 85%; of the 36 closed sales, 67% were Under Average PRICE, 67% were Under Average LOT, and 47% were Under Average LIVING.

MACRO MARKET TRENDS Trail-12: Year Built INCLINED to 1968 from 1958; Closed Sales/Month DECLINED to 3.00 from 3.58; Days on Market INCLINED to 96 days from 94; Discount (from last list price) DECLINED to –3.90% from -4.89%; PRICE/RENT Ratio INCLINED to 19.49 from 16.61; Annual Rent INCLINED 4% to $35,596 from $34,200; Rentals/Month INCLINED to 1.92 from 1.67.

MICRO MARKET DATA: RANK Closed Sale Value Trail-12 by LOT by SECTOR: Southeast (SE) $111.16, Southwest (SW) $88.67.

MICRO MARKET DATA: RANK Closed Sale Value Trail-36 by LOT by SECTOR by STREET Top 5: SE NE 1st St $165.90, SE NE 5th St $125.60, SE NE 17th Wy $108.64, SE NE 3rd Ct $108.50, SE NE 17th Av $97.38.  Bottom 5: SW Sector NW 7th Av $48.53, SW NE 2nd St $55.75, SE NE 15th Av $57.23, SW NE 6th St $59.54, SE NE 3rd Ct $61.73.