Comparing home sales in Davisville Village between July and November 2007 to the same period in 2008.
Last year there were 65 homes sold, versus 50 in 2008, for a 23% drop. The average sale price came down 5% from $696,800 to $658,600.
The median sale price saw a minor decline of 1% from $641,000 to $634,200.
The sale price as a percentage of the listing price (asking) declined 7% from 105% to 97%, showing less willingness on the part of buyers to pay the full asking price or above for their new homes.
Reluctant buyers had sellers waiting twice as long in order to sell their homes. The average days on the market went up 100% from 12 to 24 days.
|
July to November 2007 |
July to November 2008 |
% Change |
||
| Number of Sales |
65 |
Number of Sales |
50 |
Down 23% |
| Average Sale Price |
$696,800 |
Average Sale Price |
$658,600 |
Down 5% |
| Median sale Price |
$641,000 |
Median sale Price |
$634,200 |
Down 1% |
| % of List Price |
105 |
% of List Price |
97 |
Down 7% |
| Days on the Market |
12 |
Days on the Market |
24 |
Up 100% |
To receive complete information and details on any home sold, send me an email, or call me Rosalin Smith-Carr, at my direct line (416) 482-8330 ext. 3519
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