2009 Saw Mill Valley Market Stats

2009 Saw Mill Valley Sales Report

Key Statistics:
Number of Units Sold:  50
Average Days on Market:  74
Average Property Marketing Period(1):  100
Average List to Sale Ratio(2):  96.53%
Average Sale Price:  $211,809
Median Sale Price(3):  $205,500
Low Sale Price:  $172,500
High Sale Price:  $280,000

 Comparing 2009’s Market to 2008:
-Average Days on Market increased by 26% in 2009.  (55 DOM in 2009, 74 DOM in 2009). 
-Property Marketing Period increased by 16% in 2009.  (87 DOM in 2008, 100 DOM in 2009). 
-Average Sales Price decreased by 2% in 2009.  ($215,440 in 2008, $211,809 in 2009).  Montgomery County’s Average Sales Price decreased by 8%.
-Low Sale Price in 2008 was $150,000.  High Sale Price in 2008 was $270,000.
-List to Sale Ratio was comparable in both years, 2008’s being 96.97% and 2009’s being 96.53%.
-Number of Units Sold is up to 50 in 2009 from 48 in 2008, a 4% increase 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.