Welcome to Localism

Beverly Months of Single Family Inventory March 2008

03-18-08

Kristal Pooler - North Shore & Cape Ann : Real Estate Agent in Gloucester, MA

view my blog
Office: (978) 882-4025

Mobile: (978) 764-4506

The amount of competing inventory affects a property's price.

If there is a lot of competing inventory, then pricing will be lower than if there is little competing inventory.

The report shows the number of months it will take to sell off the current inventory of active listings if the rate of sale remains constant.

Price Range	Active Listings			Sold Listings 3/19/2007 - 3/18/2008			Months of Inventory
Price Range	# Listings	% Total	DOM	# Listings	% Total	DOM	Months of Inventory
$150,000 - $199,999	1	0.83%	246	3	1.21%	94	4.0
$200,000 - $249,999	2	1.65%	16	11	4.44%	75	2.2
$250,000 - $299,999	7	5.79%	100	30	12.10%	62	2.8
$300,000 - $349,999	14	11.57%	120	61	24.60%	73	2.8
$350,000 - $399,999	25	20.66%	72	46	18.55%	68	6.5
$400,000 - $449,999	7	5.79%	91	22	8.87%	92	3.8
$450,000 - $499,999	7	5.79%	85	22	8.87%	95	3.8
$500,000 - $599,999	13	10.74%	217	20	8.06%	115	7.8
$600,000 - $699,999	9	7.44%	189	12	4.84%	130	9.0
$700,000 - $799,999	10	8.26%	219	8	3.23%	164	15.0
$800,000 - $899,999	5	4.13%	211	3	1.21%	66	20.0
$900,000 - $999,999	2	1.65%	122	1	0.40%	359	24.0
$1,000,000 - $1,499,999	6	4.96%	181	5	2.02%	90	14.4
$1,500,000 - $1,999,999	3	2.48%	383	2	0.81%	38	18.0
$2,500,000 - $2,999,999	1	0.83%	132	0	0.00%	0	no sales
$3,000,000 - $3,499,999	1	0.83%	302	1	0.40%	175	12.0
$3,500,000 - $3,999,999	1	0.83%	436	0	0.00%	0	no sales
$4,000,000 - $4,499,999	3	2.48%	146	1	0.40%	55	36.0
$4,500,000 - $4,999,999	1	0.83%	499	0	0.00%	0	no sales
$5,000,000 - $5,999,999	2	1.65%	199	0	0.00%	0	no sales
$7,000,000 - $7,999,999	1	0.83%	281	0	0.00%	0	no sales
	121	100%	152	248	100%	85	5.

0 Comments

Condo Inventory for Beverly Feb 2008

02-21-08

Kristal Pooler - North Shore & Cape Ann

view my blog
Office: (978) 882-4025

Mobile: (978) 764-4506

By comparing sales over the last year with active condo listings, one can get an idea of how long to expect a particular unit to take to sell. It is increasingly important for Sellers to sharpen their offering by making it the most desireable unit within a particular price band.

Price Range	Active Listings			Sold Listings 2/22/2007 - 2/21/2008			Months of Inventory
Price Range	# Listings	% Total	DOM	# Listings	% Total	DOM	Months of Inventory
$37,500 - $49,999	1	1.41%	53	0	0.00%	0	no sales
$50,000 - $99,999	2	2.82%	23	2	1.14%	38	12.0
$100,000 - $149,999	3	4.23%	124	6	3.41%	51	6.0
$150,000 - $199,999	14	19.72%	72	27	15.34%	93	6.2
$200,000 - $249,999	19	26.76%	95	68	38.64%	96	3.4
$250,000 - $299,999	13	18.31%	97	25	14.20%	110	6.2
$300,000 - $349,999	11	15.49%	66	39	22.16%	158	3.4
$350,000 - $399,999	5	7.04%	214	7	3.98%	61	8.6
$400,000 - $449,999	2	2.82%	50	1	0.57%	12	24.0
$500,000 - $599,999	1	1.41%	263	1	0.57%	5	12.0
	71	100%	95	176	100%	107	4.

0 Comments

Single Family Inventory Beverly Feb 2008

02-18-08

Kristal Pooler - North Shore & Cape Ann

view my blog
Office: (978) 882-4025

Mobile: (978) 764-4506

This report, downloaded from our regional MLS, shows the amount of properties for sale in the various price bands and the likely amount of time it will take for a property to sell if the rate of sales remains constant: Please mote - DOM means Days On Market

Price Range	Active Listings			Sold Listings 2/19/2007 - 2/18/2008			Months of Inventory
Price Range	# Listings	% Total	DOM	# Listings	% Total	DOM	Months of Inventory
$99,000 - $99,999	2	1.74%	7	0	0.00%	0	no sales
$150,000 - $199,999	0	0.00%	0	2	0.80%	27	0.0
$200,000 - $249,999	1	0.87%	6	11	4.38%	72	1.1
$250,000 - $299,999	5	4.35%	124	31	12.35%	58	1.9
$300,000 - $349,999	16	13.91%	93	60	23.90%	71	3.2
$350,000 - $399,999	20	17.39%	92	46	18.33%	71	5.2
$400,000 - $449,999	7	6.09%	73	24	9.56%	88	3.5
$450,000 - $499,999	8	6.96%	124	23	9.16%	105	4.2
$500,000 - $599,999	13	11.30%	202	20	7.97%	115	7.8
$600,000 - $699,999	9	7.83%	186	13	5.18%	93	8.3
$700,000 - $799,999	10	8.70%	316	9	3.59%	159	13.3
$800,000 - $899,999	3	2.61%	222	3	1.20%	66	12.0
$900,000 - $999,999	4	3.48%	156	0	0.00%	0	no sales
$1,000,000 - $1,499,999	4	3.48%	144	5	1.99%	122	9.6
$1,500,000 - $1,999,999	5	4.35%	338	2	0.80%	38	30.0
$2,500,000 - $2,999,999	1	0.87%	103	0	0.00%	0	no sales
$3,000,000 - $3,499,999	1	0.87%	273	1	0.40%	175	12.0
$3,500,000 - $3,999,999	1	0.87%	407	0	0.00%	0	no sales
$4,000,000 - $4,499,999	1	0.87%	139	1	0.40%	55	12.0
$4,500,000 - $4,999,999	2	1.74%	344	0	0.00%	0	no sales
$5,000,000 - $5,999,999	1	0.87%	347	0	0.00%	0	no sales
$7,000,000 - $7,999,999	1	0.87%	252	0	0.00%	0	no sales
	115	100%	163	251	100%	83	5

0 Comments

Absorption Rates - Beverly MA February 2008

02-17-08

Kristal Pooler - North Shore & Cape Ann

view my blog
Office: (978) 882-4025

Mobile: (978) 764-4506

The absorption rate is the rate of sale per month stated as a percentage.
For Example, if the absorption rate is 8%, then 8 out of 100 properties for sale sold that month.

This report shows the underlying strength of the market by comparing the percentage of "For Sale Properties" that sold in the prior
period to the current period. This report detects imbalances between the supply and demand for real estate.

The absorption rate is affected by the: number of units that sold and the number of units for sale.

If the absorption rate is rising, the market demand for real estate is improving and if it is falling, the market demand is
deteriorating. (credit to IMAX Web Solutions)

February 2008
Price Range	Sold			For Sale			Absorption Rate
	Units	Median Price	DOM	Units	Median Price	DOM	Units Sold / Units For Sale
$50,000 - $99,999	0	$0	0	2	$99,000	6	0.0%
$150,000 - $199,999	0	$0	0	1	$159,900	230	0.0%
$200,000 - $249,999	0	$0	0	1	$201,000	5	0.0%
$250,000 - $299,999	0	$0	0	6	$284,900	127	0.0%
$300,000 - $349,999	2	$331,500	55	20	$335,000	102	10.0%
$350,000 - $399,999	0	$0	0	24	$395,000	86	0.0%
$400,000 - $449,999	0	$0	0	8	$420,000	75	0.0%
$450,000 - $499,999	1	$460,000	208	8	$479,000	123	12.5%
$500,000 - $599,999	0	$0	0	13	$550,000	201	0.0%
$600,000 - $699,999	0	$0	0	9	$679,000	185	0.0%
$700,000 - $799,999	0	$0	0	10	$759,900	315	0.0%
$800,000 - $899,999	0	$0	0	3	$849,000	221	0.0%
$900,000 - $999,999	0	$0	0	5	$989,000	159	0.0%
$1,000,000 - $1,499,999	0	$0	0	5	$1,195,000	182	0.0%
$1,500,000 - $1,999,999	0	$0	0	5	$1,559,000	337	0.0%
$2,500,000 - $2,999,999	0	$0	0	1	$2,500,000	102	0.0%
$3,000,000 - $3,499,999	0	$0	0	1	$3,150,000	272	0.0%
$3,500,000 - $3,999,999	0	$0	0	1	$3,550,000	406	0.0%
$4,000,000 - $4,499,999	0	$0	0	1	$4,450,000	138	0.0%
$4,500,000 - $4,999,999	0	$0	0	2	$4,950,000	343	0.0%
$5,000,000 - $5,999,999	0	$0	0	1	$5,500,000	346	0.0%
$7,000,000 - $7,999,999	0	$0	0	1	$7,900,000	251	0.0%
Price Range Average:	0		12	6		191
Price Range Median:		$331,500			$469,900
Price Range Total:	3			128			2.3%