Friday, March 1, 2013

What is the average price for Feb?

Larry is out with his numbers , quick and reliable as ever.

The average SFH is back up to $1,221,037, within spitting distance of last Feb's high. Despite sales being 35% less than last Feb

No doubt our local media which is so good at doing in depth analysis will trumpet this rise (next to pictures of phantom mansions), but as Larry says 3 big sales skewed the results.

Working off Larry's numbers: 

Sales SFH = 707 for Feb 2013
Total Volume = 707 x 1,221,037 =  $863,273,159

3 sales at 11,000,000 + 14,000,000 + 18,000,000 = $43,000,000

Take 43,000,000 away from 863,273,159 = $820,273,159
Divide that by the number of sales 704 = $1,165,160

That would be less than Feb 2011's average. Quite incredible the effect of a few very large sales.
I don't know how the huge sales compare with last year or the year before, but with a 35% drop in
total sales, 15% more inventory and a SFH MOI of 9.25, this is anything but a strong market.

The Median will tell the tale.


  1. Average is average, you can't pick and choose like that. I prefer to look at the median price, the number of sales, and the total dollar volume.

  2. Great infromation about the drop in total sales but i prefer if you can made any graph for better understanding for the new users. Appriciated

  3. This comment has been removed by the author.

  4. Quality articles is the key to interest the
    people to pay a quick visit the website, that's what this website is providing.

    Feel free to surf to my web blog :: laptops under 300 dollars

  5. Hmm it looks like your site ate my first comment (it was extremely
    long) so I guess I'll just sum it up what I submitted and say, I'm thoroughly enjoying your blog.
    I as well am an aspiring blog writer but I'm still new to everything. Do you have any helpful hints for newbie blog writers? I'd definitely appreciate it.

    Feel free to visit my webpage :: Height to Waist Ratio