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On 01 11 2007

Art Museum Area, Real Estate Market Update


Here’s a snapshot of what’s been going on in the Art Museum Area Real Estate Marketplace over the past 30 days or so.

If you have a question about any of the information presented below, please feel free to email info@phillycityspace.com.  All information presented as reported by Realtors to the local Multiple Listing Service.

Monthly Statistics for the Date Range Selected Provided by TReND…

Date

Units Listed

Listed Volume

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

Nov 2007

51

19,344,740

379,308

22

23

8,181,500

355,717

71

Totals:

51

19,344,740

379,308

22

23

8,181,500

355,717

71

 

Inventory Accumulation for the Last 12 Full Months

Current Inventory *

Inventory Volume

Current Average

Average Monthly Sales**

Inventory Accumulation ***

311

159,571,695

513,092

36

8

*Current Inventory is based on the actual available properties on the date this report was created.

**Average Monthly Sales is the average sales for the last 12 full months

***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices

Maximum Prices

Average Prices

Original List Price : $159,000

Original List Price: $895,000

Original List Price: $391,226

Sold Price : $115,000

Sold Price: $890,000

Sold Price: $355,717

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Posted By :Philadelphia's Remax City Space in Art Museum Area

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