WEEKLY REAL ESTATE MARKET REPORT
MANDEVILLE Keller Williams Realty Services 1522 W. Causeway Approach Mandeville, La. 70471 (985) 727-7000 Su
February
2010
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TABLE OF CONTENTS Market Summary Table Glossary
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Page 1
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Page 2
Real Market Reports www.realmarketreports.com
WEEKLY REAL ESTATE MARKET REPORT
MANDEVILLE Monday, February 15, 2010
Keller Williams Realty Services 985-727-7000
Contracts Pending
Expired Listings in the Last 6 Months*
Homes For Sale Price Range
Absorption Rate
Homes Sold in the Last 6 Months*
Min.
Max.
Total Num
$0
$ 99,999
2
18
$ 84,500
3
60.0%
1
4
36
$ 97,050
$ 87,050
$ 77,686
89.2%
3.0
$100,000
$ 199,999
87
158
$ 165,568
20
18.7%
24
80
101
$ 408,122
$ 165,367
$ 158,138
95.6%
6.5
$200,000
$ 299,999
81
113
$ 251,600
29
26.4%
46
93
97
$ 262,510
$ 255,190
$ 246,383
96.5%
5.2
$300,000
$ 399,999
55
138
$ 353,207
16
22.5%
20
43
88
$ 429,167
$ 351,628
$ 340,937
97.0%
7.7
$400,000
$ 499,999
32
180
$ 453,417
5
13.5%
12
19
73
$ 473,561
$ 456,612
$ 435,516
95.4%
10.1
$500,000
$ 599,999
18
146
$ 551,717
5
21.7%
8
11
180
$ 632,800
$ 593,873
$ 559,991
94.3%
9.8
$600,000
$ 699,999
11
211
$ 645,636
1
8.3%
4
1
161
$ 779,000
$ 779,000
$ 650,000
83.4%
66.0
$700,000
$ 799,999
7
117
$ 766,514
1
12.5%
8
0
-
-
-
-
-
-
$800,000
$ 899,999
5
195
$ 864,600
1
16.7%
5
1
370
$ 975,000
$ 899,000
$ 815,000
90.7%
30.0
$900,000
$ 999,999
4
143
$ 955,750
0
-
3
0
-
-
-
-
-
-
$1,000,000 $1,099,999
0
-
-
1
-
2
1
32
94.5%
0.0
$1,100,000 $1,199,999
3
474
$1,188,333
0
-
0
0
-
-
-
-
-
-
$1,200,000 $1,299,999
3
131
$1,245,333
0
-
1
0
-
-
-
-
-
-
$1,300,000 $1,399,999
0
-
-
0
-
0
0
-
-
-
-
-
-
$1,400,000
4
185
$1,848,700
0
-
2
0
-
-
-
-
-
-
312
148
$ 365,798
82
20.8%
136
253
99
$ 374,380
$ 278,326
$ 266,701
95.8%
7.4
+
Market Summary >>>
Avg DOM
Avg List Price
Total Num
Pending Ratio
Total Num
* Dates are from August 16, 2009 to February 15, 2010
Total Avg Avg Orig Num DOM List Price
Avg Final List Price
Avg Sold Price
List to Sales
Mos.
$1,100,000 $1,100,000 $1,040,000
Single-Family Residential Listings
Data believed to be accurate but not guaranteed. Search: {201, 204}
Real Market Reports www.realmarketreports.com
1
Mandeville, Louisiana Market Summary Table
WEEKLY REAL ESTATE MARKET REPORT
MANDEVILLE Monday, February 15, 2010
Keller Williams Realty Services 985-727-7000
1. HOMES 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 homes 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 homes that buyers have chosen (A+P) represents the entire pool from which they have chosen 3. EXPIRED LISTINGS a. Number Expired: The number of listing agreements that have expired in the last 6 months. Some owners may choose to reoffer their home for sale. 4. HOMES SOLD a. Number Sold: The number of homes that have gone to a closing in the last 6 months. b. Average Days on Market (DOM): The average marketing time it has taken homes to sell in the last six (6) months. c. Average Original List Price: The average price at which a sold home was originally marketed. d. Average List Price: The average price at which a sold home was marketed just prior to selling. e. Average Sold Price: The average price for which a home sold. f.
List to Sales Ratio: The percentage of the list price that the buyer ultimately paid for the home. 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 homes sell per month and there are 800 homes for sale - there is an 8 month supply of inventory before counting the additional homes that will come on the market.
Real Market Reports www.realmarketreports.com
2
Mandeville, Louisiana Glossary