Stats 101

Today, I looked at some basic statistics to measure how the single family home market is holding up on Bainbridge.  In the news and anecdotally, I am beginning to hear that there are some bright spots.  My amazing mother, who has been a broker in Massachusetts for 25 years, has said that she believes her market (Sagamore Beach, on Cape Cod) has turned the corner. (Well, this comes from the woman with the Midas Touch. She is successful in ANY market.)  Here are some numbers…

Single Family Residences

# Sales YTD (1/1/09 - 4/9/09)

2008    39
2009    38

It is nice to see we are holding pace, and with a flurry of activity in the past month (33 single family homes pending sale) it looks to me to be, at the very least, not negative news.

I also like to see how Windermere/BI stands. Are we doing a good job for our clients in difficult times?  I looked at how long our properties are taking to sell and how much our clients are getting as a percentage of their final listed price, versus the market as a whole. These numbers were astounding:

Days on Market*, Single Family Homes (1/1/09 - 4/9/09)

Windermere        63

All Brokerages   134

Selling Price as a Percentage of Final Listed Price, Single Family Homes

Windermere      99.84%

All Brokerages  95.93%

This just goes to show that being well-prepared, appropriate pricing, and professional marketing do make a difference.  This is where I should thank the team we have at Windermere/BI (you know who you are!) who make sure our marketing materials, advertising, and web presence are the best.

*Days on Market = List Date to Pending Sale

Follow responses to this entry through the RSS 2.0 feed. Leave a response, or trackback from your own site.