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MarkeTrends
Below you will find the latest market
data about the LBI real estate marketplace.
- Chart One:
Comparison Chart of Quarter to Quarter and Year to Date
- Chart Two:
Cyclical Look at LBI prices
- MarkeTrends
Newsletter - Quarterly publication of current trends and future trends in
both sales and rental market
Chart One:
Comparison
and Activity Report
Comparison Data from 2005
through 2007
(all data below are based on the
single family and condominium section of our market)
|
YEAR |
Units
Pending |
Total
Units
Sold |
%
Chg. |
Avg.
Sales
Price |
%
Chg. |
Median
Sales
Price |
%
Chg. |
New
Listings
YTD |
%
Chg. |
Avg.
DOM |
Sold %
of List
Price |
|
May 9
2005 |
N/A |
199 |
|
$1,025,807 |
- |
$825,000 |
- |
426 |
- |
117 |
95% |
|
May 9
2006 |
72 |
120 |
¯40% |
$1,090,453 |
á6.3 |
$905,000 |
á9.7 |
504 |
á18.3 |
118 |
96% |
|
Sep 30
2005 |
N/A |
343 |
|
$1,122,199 |
- |
$879,000 |
- |
767 |
- |
113 |
95% |
|
Sept 30
2006 |
62 |
208 |
¯40% |
$1,132,771 |
á.94 |
$902,500 |
á2.6 |
804 |
á4.8 |
127 |
94% |
|
Dec 31
2005 |
N/A |
554 |
|
$1,029,289 |
- |
$840,000 |
- |
1207 |
- |
119 |
95% |
|
Dec 31
2006 |
48 |
347 |
¯37% |
$1,068,438 |
á3.8 |
$850,000 |
á1.2 |
1284* |
á6.3 |
153 |
94% |
|
March
31
2006 |
N/A |
81 |
|
$1,132,397 |
- |
$975,000 |
- |
363 |
- |
96 |
94% |
|
March
31
2007 |
94 |
93 |
á14% |
$1,142,340 |
á1 |
$975,000 |
0 |
365 |
.05 |
179 |
92% |
|
April
30
2006 |
N/A |
115 |
|
$1,117,347 |
- |
$905,000 |
- |
483 |
- |
117 |
94% |
|
April
30
2007 |
99 |
131 |
á14% |
$1,097,055 |
¯1.8 |
$930,000 |
3% |
443 |
¯9 |
176 |
92% |
|
June 13
2006 |
N/A |
175 |
|
$1,127,442 |
|
$905,000 |
|
656 |
|
123 |
93% |
|
June 13
2007 |
52 |
231 |
á32% |
1,022,076 |
¯9.3 |
865,000 |
¯4.4 |
542 |
¯17.3 |
149 |
93% |
|
Dec 31
2006 |
48 |
347 |
|
$1,068,438 |
|
$850,000 |
|
1284 |
|
153 |
94% |
|
Dec 31
2007 |
45 |
456 |
á32% |
$975,701 |
¯8.7 |
795,350 |
¯6.4 |
1034 |
¯24 |
158 |
93% |
Inventory Levels (single &
condo) on:
09/30/06
10/31/06 12/01/06 01/16/07 02/07/07
03/31/07 04/30/07 06/13/07 01/09/08
838 813 779 749
632 629 626 578
514
Pendings: (Our Future Pricing?)
As
of January 9, 2008 - 45 units were under contract with an Listing Average
Sales Price of $1,201,664,
if these units close at 93% of List Price this would equate
to an Average Sales Price of $1,117,548 and a Median Sales Price of $949,000
Which could translate into a leveling of
Average Sales Price!
ANALYSIS:
Historical Data from 2003 through 2006
| YEAR |
Total Units Sold |
Total Sales Vol. |
Ave. Sales Price |
New Listings |
Ave. Days on Mkt. |
| 2003 |
546 |
$418,662,539 |
$766,781 |
759 |
164 |
| 2004 |
650 |
$638,562,472 |
$857,979 |
1024 |
175 |
| 2005 |
554 |
$570,226,273 |
$1,029,289 |
1207 |
119* |
| 2006 |
351 |
$373,336,365 |
$1,063,636 |
1284 |
135 |
| 2007 |
456 |
$444,919,522 |
$975,701 |
1034 |
158 |
* new MLS system tracks DOM from time of listing to time of
sale, prior tracked time of listing to time of close
|
YEAR |
Total Units
Sold |
Total Sales
Volume |
Average Sales Price |
New
Listings |
Average Days on Market |
|
2002 |
751 |
$443,351,386 |
$644,929 |
1040 |
107 |
|
2003 |
654 |
497,440,039 |
811,089 |
1163 |
108 |
|
2004 |
748 |
638,562,472 |
929,760 |
1261 |
111 |
|
YEAR |
Total Units
Sold |
Total Sales
Volume |
Average Sales Price |
New
Listings |
Average Days on Market |
|
2002 |
751 |
$443,351,386 |
$644,929 |
1040 |
107 |
|
2003 |
654 |
497,440,039 |
811,089 |
1163 |
108 |
|
2004 |
748 |
638,562,472 |
929,760 |
1261 |
111 |
Chart Two:
Twenty Four Year Cyclical Look at LBI Prices and Unit Sales
(SINGLE FAMILY ONLY)
What another interesting year !!!!
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