Victoria Park Town Homes Market Analysis: Inclining/Steady

Victoria Park Town Homes Market Analysis

YEAR OVER YEAR all Closed Sale Values INCLINED: Median Price 11% to $589,000 from $532,500, Average Price 14% to $590,689 from $516,179, and Closed Sale Price/LIVING (area) 15% to $255.75/SqFt from $221.94.

CURRENT INVENTORY: 79 listings; Median Price $649,500, Average Price $696,787, and LIVING $292.74.  SPREAD (Current Inventory/Closed Sale Values Trail-12): Median Price +10%, Average Price +18%, and LIVING +14%.

PENDING SALES: 12, Median Price $529,950, Average Price $658,150, and LIVING $307.19.  SPREAD (Pending Sales/Closed Sale Values Trail-12): Median Price -10%, Average Price +11%, and LIVING +20%.

MACRO MARKET TRENDS: STABILITY Trail-12 Closed Sale Values: Median Price/Average Price 100%; of the 63 closed sales, 59% were Under Average PRICE, 59% were Under (Moody’s Price/Rent) “Long-Run” Affordability, and 56% were Under Average LIVING.

MACRO MARKET TRENDS Trail-12: Closed Sales (annual) INCLINED to 63 from 57; Days on Market DECLINED to 98 from 138; Discount (from last list price) DECLINED to -3.18% from -5.32%; PRICE/RENT Ratio INCLINED to 15.45 from 15.03; Annual Rent INCLINED 11% to $38,229 from $34,350, and; Rentals INCLINED to 35 from 34.

MICRO MARKET DATA: RANK Sectors by Closed Sale Price/LIVING Trail-12: SouthEast $286.09, SW $269.37, NE $240.90, and NW $212.11.  Rank Fee Simple/No Fee Simple by Closed Sale Price/LIVING: Fee Simple $241.17, No Fee Simple $217.43.