2008 Saw Mill Valley Sales Report Key Statistics:
Number of Units Sold: 48
Average Days on Market: 55
Average Property Marketing Period(1): 87
Average List to Sale Ratio(2): 96.97%
Average Sale Price: $215,440
Median Sale Price(3): $214,000
Low Sale Price: $150,000
High Sale Price: $270,000 Comparing the 2008 Market to 2007:
-Average Days on Market increased by 16.5% in 2008. (46 DOM in 2007, 55 DOM in 2008).
-Property Marketing Period increased by 4.6% in 2008. (83 DOM in 2007, 87 DOM in 2008).
-Average Sales Price increased by 2.2% in 2008. ($210,792 in 2007, $215,440 in 2008).
-Low Sale Price in 2007 was $165,000. High Sale Price in 2007 was $274,900.
-List to Sale Ratio dropped slightly in 2008, 2007’s being 97.7% and 2008’s being 96.97%.
-Number of Units Sold was down to 48 in 2008 from 50 in 2007, a 4% decrease in sold units.
Definitions:
(1) Property Marketing Period: A measure of the total marketing time before sold. In some cases, a property may be on the market for a period of time without selling. If it is pulled from the market and then relisted at a later date, Property Marketing Period would be a measure of accumulated market time from both list periods.
(2) List to Sale Ratio: Measures the amount of asking price received. For example, a property listed for $200,000 which sells for $190,000 had a List to Sale Ratio of 95% (190,000/200,000 = 0.95, or 95%).
(3) Median Sale Price: A midpoint between sales prices, it is the middle number in a given sequence of numbers. For example, 5 properties sell in a neighborhood. Sold prices are $190,000; $212,000; $224,000; $237,000; and $243,000. The Median Sale Price is $224,000.
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Paul Augustine
RE/MAX Centre
2701 York Rd.
Jamison, PA 18929
Cell: (215) 565-5335
Office: (215) 343-8200 x.115
PaulAugustine@NUMBER1EXPERT.com
Serving Southeast Pennsylvania, my areas of expertise are residential and investment real estate. Horsham, Hatboro, and Warminster are my core market areas. I am a life-long resident of Horsham, so I have an intimate knowledge of the Southeast Pennsylvania real estate market.
Southeast Pennsylvania has so much to offer, and each buyer and seller's individual needs are unique. My knowledge of the local market allows me to help my clients make informed decisions about where to move and when to move. If they are selling, I want to use my market expertise to help them sell for top dollar. If they are buying, I want to make sure they buy under the right terms and for the right reasons - I take a lot of time to tune in to their interests, wants, and needs to help them decide where to buy.
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