*all the live graphs allow you to hover your mouse over the graph and show the actual numbers.
Starting with LIVE graph above, we look Active Listings for each month going back ten years. Orange is Upper Lonsdale and Green is Central Lonsdale (detached houses). Active listings are hovering in their 30s right now, which is actually in the mid range for the past ten years. The highest count as shown is at 60 listings.
When looking at the Sales graph, you can see a few years has major spikes and extremely high sales in their 20s. That is very uncommon, and a very low year of total sales for Upper Lonsdale would be 60 to 70 sale range. An average year will be around 100 sales and a strong sale year would be in the 130-150 range.
This year, we can see that sales have been consistently under ten sales per month, with the high of nine.
With 35 Active Listings now and the latest months average sales rate of seven sales, we have roughly five months of inventory available. This is considered a balanced market.
This graph shows high variance in the prices due to the lower volume of sales. That said, with November having 8 sales, the average price was $2,187,500. It is key to understand that homes in Upper Lonsdale current range in value from the mid $1M to upward of $4M range.
When speed is important, this graph shows the how fast the homes that sold did so. Keep in mind this does not account for properties that sold after reducing their price and relisting at a new price. It also does not reflect the homes that are sitting on the market and have not sold or even the homes that gave up and came off the market after months of trying to sell.
The Upper Lonsdale market is doing well now and even though it is considered a buyers market, there are many good values hitting the market.