Below are some stats we ran and although housing prices are down from last year, housing prices doubled over the last 8 years.
Statistics for Single Family Homes on LBI sold in the first 9 months of 2008, 2007 & 2000
**All data used in the calculations was obtained through the Jersey Shore MLS**
| Comparison | |||||||
| 2007 | 2008 | profit/loss | |||||
| Single family homes sold | 307 | 236 | -23.13% | ||||
| Days on the market | 154 | 158 | 2.60% | ||||
| Median list price | $939,000.00 | $927,500.00 | -1.23% | ||||
| Median sale price | $900,000.00 | $875,000.00 | -2.78% | ||||
| 2007 SP to LP ratio= 95.84% | 2008 SP to LP ratio= 94.34% | ||||||
| Comparison | |||||||
| 2000 | 2008 | profit/loss | |||||
| Single family homes sold | 436 | 236 | -45.88% | ||||
| Days on the market | 86 | 158 | 83.72% | ||||
| Median list price | $389,000.00 | $927,500.00 | 138.43% | ||||
| Median sale price | $375,000.00 | $875,000.00 | 133.33% | ||||
| 2000 SP to LP ratio= 96.4% | 2008 SP to LP ratio= 94.34% | ||||||
1 response so far ↓
Eric Hundin // October 22, 2008 at 7:48 pm |
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin