It appears the market for South End Condos made a 30% jump week-on-week, as the South End saw a total of 10 properties go into sold status this past week, versus 7 from the week before. Here are the details for this past week:
Lowest Price: $245,000
Median Price: $470,000
Highest Price: $1,180,000
Average Price: $579,700
Average Days on Market (DOM): 126
Sales Price / Listing Price Ratio: 97%
Start Date: 03/18/2007
End Date: 03/24/2007
The slight trend down in Average Days on Market could mean that we are entering the Spring / Summer housing press…or perhaps, it is simply a function of sellers giving concessions on their sales to listing price, which trended slightly down to 97%. We’ll see what happens in the upcoming weeks.