2020 Q4 Market Report_Digital | Page 40

West End | Q4 2020
Including Adair Park and Mozley Park
DETACHED HOMES UNDER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

27

Total Homes
Sold

42

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
27
42 $ 363 $ 298 59 2.6
51
31 $ 271 $ 230
69 5
-47% + 35 % + 34 % + 30 % -14% -48%
Average List Price ( 000 )
$

363

Average Sold Price ( 000 )
$

298

Average Days On Market
59
Months ’ Supply

2.6

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .
Source : Trendgraphix All data believed to be accurate , but not warranted .
Wildwood | Q4 2020
Including Springlake
DETACHED HOMES UNDER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

24

Total Homes
Sold

12

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
24
12 $ 682 $ 662 34 3.3
21
8 $ 805 $ 768 52 3
+ 14 % + 50 % -15% -14% -35% + 10 %
Average List Price ( 000 )
$

682

Average Sold Price ( 000 )
$

662

39
Average Days On Market
34
Source : Trendgraphix All data believed to be accurate , but not warranted .
Months ’ Supply

3.3

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .