Market Action Report County Hennepin Dec2009

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1. MARKET ACTION REPORT December 2009 David A. Cohen County: Hennepin Realtor612-819-4077www.EquityDefender.comTrending versus*:Trending versus*: Market Profile & Trends Overview Month LML3M PYM LY YTDPrior YTD Prior Year Median List Price of all Current Listings $268,900 Average List Price of all Current Listings$484,545 December Median Sales Price $177,000 $199,000 December Average Sales Price$252,694 $232,942 Total Properties Currently for Sale (Inventory)4,133 December Number of Properties Sold 65612,623 December Average Days on Market (Solds)71 66 Asking Price per Square Foot (based on New Listings) $94 $119 December Sold Price per Square Foot $112 $111 December Month's Supply of Inventory6.35.9 December Sale Price vs List Price Ratio 94.6% 91.1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date Number of Properties Sold3 Mo Avg1,600 Property Sales1,4001,4451,443 December Property sales were 656, down -17.4%1,200 1,2751,243 from 794 in December of 2008 and -40.8% lower 1,235 1,235 1,2141,1981,195 1,145 1,1391,1261,1091,000 1,090 1,077 than the 1,109 sales last month. December 20091,044 1,022 935 918 909 sales were at a mid level compared to December of800869 824 794772770 722 705 2008 and 2007. December YTD sales of 12,623 are600 695656622 616 613 590580533 running 16.3% ahead of last year's year-to-date sales400493of 10,858. 2000J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D 070809Median Sales Price and Average Sales Price (000's) Median means Middle (the same # of properties sold above and below the Median)3 Mo Avg Prices 400 The Median Sales Price in December was $177,000,350 up 4.1% from $170,000 in December of 2008 and down -6.8% from $190,000 last month. The 300 Average Sales Price in December was $252,694, up 250 15.5% from $218,840 in December of 2008 and up 8.5% from $232,901 last month. December 2009 200 ASP was at a mid range compared to December of 150 2008 and 2007.100 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D07 0809Total Inventory & Month's Supply of Inventory (MSI) Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace 8,00014 The Total Inventory of Properties available for sale as of7,5877,5627,5507,5177,521 7,484 7,464 7,000 7,376 December was 4,133, down -18.3% from 5,058 last month7,301127,2397,2137,1726,9366,886 6,659 6,661 6,616 and down -26.6% from 5,627 in December of last year.6,462 6,000 6,247 6,21910 6,1516,0856,0095,9735,951 5,885 5,851 5,840 5,796 December 2009 Inventory was at its lowest level 5,7665,627 5,545 5,000 5,434 5,058 5,018 compared with December of 2008 and 2007. 8 4,000 4,1336 3,000 A comparatively lower MSI is more beneficial for sellers2,0004 while a higher MSI is better for buyers. The December2 1,000 2009 MSI of 6.3 months was at its lowest level compared with December of 2008 and 2007. 00J F MA M J J A S O N D J F MA M J J A S O N D J F MA M J J A S O N D 07 08 09 Copyright Coldwell Banker Burnet | Price Range: All | Property Types: Single Family Data is provided courtesy of Regional Multiple Listing Service of Minnesota Incorporated and may not reflect all relevant real estate activity. Coldwell Banker Burnet does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction. 2. MARKET ACTION REPORTDecember 2009 David A. Cohen County: Hennepin Realtor612-819-4077www.EquityDefender.comDays On Market for Sold Properties Market Time 100 Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg The average Days On Market (DOM) shows how many95 days the average Property is on the market before it 90 sells. An upward trend in DOM tends to indicate a move 85 towards more of a Buyer's market, a downward trend a 7880 move towards more of a Seller's market. The DOM for757071 December was 71, up 14.5% from 62 days last month70 and up 1.4% from 70 days in December of last year. The 65 December 2009 DOM was at a mid level compared with 60 December of 2008 and 2007. 5550J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D 07 0809Selling Price per Square FootAverage Selling Price per Square Foot for properties that sold during the month3 Mo Avg Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for 190 the direction of Property values. Since Median Sales 170 Price and Average Sales price can be impacted by the 142 'mix' of high or low end Properties in the market, the 150 selling price per square foot is a more normalized 130112 indicator on the direction of Property values. The102110 December 2009 Selling Price per Square Foot of $112 was down -2.6% from $115 last month and up 10.6%90 from 102 in December of last year.70 50J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D 07 0809Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg99% Selling Price vs Original Listing Price The Selling Price vs Original Listing Price reveals the 97% average amount that Sellers are agreeing to come down94.6% 95% from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio 93%91.1% at or above 100% indicates more of a Seller's market.89.9% 91% The December 2009 Selling Price vs Original List Price of 94.6% was down from 95.5% last month and up from 89% 89.9% in December of last year. 87%85%J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D 07 0809 Inventory / New Listings / Sales Inventory / New Listings / Sales8,000Inventory New Listings Sales 7,587 7,562 7,550 7,5217,5177,4847,464 7,0007,376 This last view of the market combines monthly 7,301 7,239 7,2137,172 6,936 6,8866,6596,661 6,616 inventory of Properties for sale along with New Listings 6,462 6,0006,2476,2196,151 6,085 6,009 5,973 5,9515,8855,8515,8405,796 5,766 and Sales. The graph shows the basic annual 5,6275,545 5,0005,4345,0585,018 seasonality of the market as well as the relationship 4,000 between these items. The number of New Listings in4,133 December 2009 was 933, down -20.9% from 1,179 last3,000 month and down -20.3% from 1,170 in December of last2,000 year. 1,000 0J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D 07 0809 Copyright Coldwell Banker Burnet | Price Range: All | Property Types: Single Family Data is provided courtesy of Regional Multiple Listing Service of Minnesota Incorporated and may not reflect all relevant real estate activity. Coldwell Banker Burnet does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

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