REAL ESTATE MARKET REPORT FOR WALKER

REAL ESTATE MARKET REPORT

WALKER
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2011
TABLE OF CONTENTS

Charts and Commentary ……………………………………………….. Pages 1-2
Market Summary Table ……………………………………………….. Page 3
Glossary ………………………………………………………………... Page 4

Keller Williams Livingston Partners
(225) 664-1911

Real Market Reports
RealMarketReports.com


WALKER
Monday, September 26, 2011 Keller Williams Livingston Partners
(225) 664-1911

Let's take a look
at the real estate market. Currently
The pending ratio indicates the supply
& demand of the market. Specifically,
Taking a closer look, we notice that
the $100K - $150K price range has a
there are 35 sales pending in the a high ratio means that listings are in relatively large number of contracts
market overall, leaving 113 listings still demand and quickly going to contract. pending sale.
for sale. The resulting pending ratio is Alternatively, a low ratio means there
23.6% (35 divided by 148). So you are not enough qualified buyers for the We also notice that the $150K - $200K
might be asking yourself, that's great... existing supply. price range has a relatively large
but what exactly does it mean? I'm inventory of properties for sale at 44
glad you asked! ''Current inventory is described listings. The average list price (or
as somewhat slow.'' asking price) for all properties in this
market is $182,788.

Contracts Pending Number of Listings For Sale vs. Pending Contract
For Sale Walker
50
Updated on 09/26/2011, RealMarketReports.com
45 Copyright © Keller Williams Livingston Partners
40
35
30
25
20
15
10
5
0
$0K

$50K

$100K

$150K

$200K

$250K

$300K

$350K

$400K

$450K

$500K

$550K

$600K

$650K

$700K
A total of 120 contracts have closed in
Sold Num Sold vs. Off-Market (Last 6 mos.) the last 6 months with an average sold
Off-Market Walker price of $148,188. Breaking it down,
60 we notice that the $100K - $150K price
Copyright © Keller Williams Livingston Partners range contains the highest number of
50
sold listings.
40
Alternatively, a total of 28 listings have
30 failed to sell in that same period of
time. Listings may fail to sell for many
20 reasons such as being priced too high,
having been inadequately marketed,
10 the property was in poor condition, or
perhaps the owner had second
0
thoughts about selling at this particular
$50K

$100K

$150K

$200K

$250K

$300K

$350K

$400K

$450K

$500K

$550K

$600K

$650K

$700K

time. The $150K - $200K price range
has the highest number of off-market
listings at 15 properties.

Real Market Reports Market Dashboard
RealMarketReports.com 1


WALKER
(225) 664-1911

Looking at the chart to the right, you
might be wondering why average days Sold Average Days on Market (DOM)
on market (DOM) is important. This is For Sale Walker
a useful measurement because it can 180
help us to determine whether we are 160 Copyright © Keller Williams Livingston Partners
in a buyer's market (indicated by high 140
DOM), or a seller's market (indicated
120
by low DOM). Active listings, or
100
properties for sale, have been on the
market for an average of 125 days. 80
60
Analysis of sold properties for the last 40
six months reveals an average sold 20
price of $148,188 and 89 days on
0
market. Notice that properties in the
$50K

$100K

$150K

$200K

$250K

$300K

$350K

$400K

$450K

$500K

$550K

$600K

$650K

$700K
$350K - $400K price range have sold
quickest over the last six months.

The recent history of sales can be
seen in the two charts below. The
average sold price for the last 30 days ''The average list-to-sales ratio Analysis of the absorption rate
was $162,771 with an average DOM for this area is 97.1%.'' indicates an inventory of 5.7 months
of 75 days. based on the last 6 months of sales.
Ratios are simple ways to express the This estimate is often used to
Since the recent DOM is less than the difference between two values such as determine how long it would take to
average DOM for the last 6 months, it list price and sold price. In our case, sell off the current inventory of listings
is a positive indicator for demand. It is we typically use the list-to-sale ratio to if all conditions remained the same. It
always important to realize that real determine the percentage of the final is significant to mention that this
estate markets can fluctuate due to list price that the buyer ultimately paid. estimate does not take into
many factors, including shifting interest It is a very common method to help consideration any additional properties
rates, the economy, or seasonal buyers decide how much to offer on a that will come on the market in the
changes. property. future.

Average Sold Prices Average Days on Market (Sold)
Walker Walker
$200K 120
100
$150K
80
$100K 60
40
$50K
Copyright © Keller Williams Livingston Partners 20 Copyright © Keller Williams Livingston Partners
Updated on 09/26/2011, RealMarketReports.com Updated on 09/26/2011, RealMarketReports.com
$0K 0
Apr May Jun Jul Aug Apr May Jun Jul Aug

Real Market Reports Market Dashboard


WALKER
(225) 664-1911

[2] [3]
Contracts Pending Off-Market in the Last 6 Months Absorption Rate

[1] [4]
For Sale Sold in the Last 6 Months

Price Range Total Avg Avg Total Pending Total Total Avg Avg Orig Avg Avg List to
Mos.
Min. Max. Num DOM List Price Num Ratio Num Num DOM List Price List Price Sold Price Sales

$0 $ 49,999 1 43 $ 39,900 0 - 0 4 66 $ - $ 39,525 $ 30,200 76.4% 1.5

$50,000 $ 99,999 2 115 $ 72,950 1 33.3% 0 12 83 $ - $ 80,617 $ 75,617 93.8% 1.0

$100,000 $ 149,999 40 95 $ 134,178 14 25.9% 8 55 85 $ - $ 128,367 $ 125,685 97.9% 4.4

$150,000 $ 199,999 44 147 $ 174,557 12 21.4% 15 30 92 $ - $ 177,277 $ 172,503 97.3% 8.8

$200,000 $ 249,999 15 160 $ 225,343 8 34.8% 3 14 112 $ - $ 231,250 $ 223,979 96.9% 6.4

$250,000 $ 299,999 7 120 $ 275,357 0 - 1 2 114 $ - $ 269,450 $ 263,950 98.0% 21.0

$300,000 $ 349,999 0 - - 0 - 1 2 59 $ - $ 332,400 $ 314,000 94.5% -

$350,000 $ 399,999 1 50 $ 375,000 0 - 0 1 17 $ - $ 375,000 $ 375,000 100.0% 6.0

$400,000 $ 449,999 0 - - 0 - 0 0 - - - - - -

$450,000 $ 499,999 0 - - 0 - 0 0 - - - - - -

$500,000 $ 549,999 0 - - 0 - 0 0 - - - - - -

$550,000 $ 599,999 3 94 $ 579,667 0 - 0 0 - - - - - -

$600,000 $ 649,999 0 - - 0 - 0 0 - - - - - -

$650,000 $ 699,999 0 - - 0 - 0 0 - - - - - -

$700,000 + 0 - - 0 - 0 0 - - - - - -

Market Summary >>> 113 125 $ 182,788 35 23.6% 28 120 89 $ - $ 152,668 $ 148,188 97.1% 5.7

Date Range = 03/28/2011 to 09/26/2011 Data believed to be accurate but not guaranteed.
Property Type = Dsf
Search Area = 82

Status = [1] A; [2] P; [3] X; [4] S

Real Market Reports Market Summary Table


WALKER
(225) 664-1911

1. PROPERTIES FOR SALE

a. Number Active: The number of listings for sale which are currently being marketed but do not yet have a purchase
agreement.

b. Average Days on Market (DOM): The average marketing period of currently active listings. This does not account
for some listings which have had a previous listing period, but were re-entered as a new listing.

c. Average List Price: The average price that a seller is currently asking.

2. CONTRACTS PENDING

a. Number Pending: The number of current listings for which a contract has been signed but has not yet closed.

b. Pending Ratio: Sometimes called a “list to pending ratio”. This is a measure of how fast properties are going under
contract vs. how fast they are being listed.

Pending Ratio = P (Number of Pending Listings)
A+P (Number of Active + Pending)

(P) represents properties that buyers have chosen
(A+P) represents the entire pool from which they have chosen

3. OFF-MARKET

a. Number Off-Market: The number of listing agreements that have failed to close in the last 6 months. Some
owners may choose to reoffer their property for sale.

4. PROPERTIES SOLD

a. Number Sold: The number of properties that have gone to a closing in the last 6 months.

b. Average Days on Market (DOM): The average marketing time it has taken properties to sell in the last 6 months.

c. Average Original List Price: The average price at which a sold property was originally marketed.

d. Average List Price: The average price at which a sold property was marketed just prior to selling.

e. Average Sold Price: The average price for which a property sold.

f. List to Sales Ratio: The percentage of the list price that the buyer ultimately paid for the property.

List to Sales Ratio = Average Sold Price
Average List Price

5. OTHER

a. Absorption Rate / Months of Inventory: An estimate of how fast listings are currently selling measured in months.
For example, if 100 properties sell per month and there are 800 properties for sale - there is an 8 month supply of
inventory before counting the additional properties that will come on the market.

Real Market Reports Glossary

REAL ESTATE MARKET REPORT FOR WALKER

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