Kildeer Real Estate Market - Are Market Times Declining?

Kildeer's real estate market is small.To date this year we have closed 42 sales. 37 of the sales were detached homes, the other 5 were vacant lot sales.

So what I wanted to do was have a look at the sales over the year to see if there is any apparent change in market times, and are they declining. Why would I do this? Simply because it's almost December and although our winter with snow will be in full swing for the next 3 months, many home owners that need to sell will list their homes for sale from January 2nd onwards and I assume might like to know.

Chart Showing Kildeer Real Estate Marketing Times and List To Sales Ratio

As with most charts and graphs there are always some eyebrow raising anomalies. If you look at the chart above you'll see in October the Average Market time for Kildeers real estate sales was nearly 1000 days. In fact there was only one sale that month and the property took 944 days to sell. Wow, now that takes patience! I took a look at the property to see why. Usually it's because the house backs to a busy road, or it's a non conforming house, but not so. pricing was an issue as it sold at 75% of the original asking price.

I don't think I can tell you the average marketing times for Kildeer is following a trend, clearly it's not. If you want a number, it's 310 days average over the year to date.

The list to sales price ratio though is better falling between 88% and 95% for the most part. Again the average number over the year to date is 93%. Based on the original list price it's lower at 84%, so price cuts needed to sell.

I hope this gives you a little insight into Kildeer real estate market for this year and what to expect if you are ready to sell your Kildeer home.