Market Segment and absorption rate

by Administrator 30. April 2011 18:42

An often unheralded statistic, is that of market segment, and hence a term called absorbtion rate, the number of sales per market segment for a particular timeframe.

This is the updated market segment by price category. For those into this sort of stuff, interesting reading. Good for discussions with your owners. :)

Applecross and Mount Pleasant Sales per price segment 2011
APPLECROSS			MOUNT PLEASANT
Market segment	No. of sales	Ave days on market	Market segment	No. of sales	Ave days on market
a. Less than $500,000	8	119	a. Less than $500,000	1	131
b. $500,000 to < $1M	12	59	b. $500,000 to < $1M	21	157
c. $1M to < $1.5M	5	121	c. $1M to < $1.5M	14	120
d. $1.5M to < $2M	8	124	d. $1.5M to < $2M	4	169
e. $2M to < $2.5M	4	93	e. $2M to < $2.5M	1	112
f. $2.5M to < $3M	NO SALES	NA	f. $2.5M to < $3M	4	138
g. $3M to < $4M	3	109	g. $3M to < $4M	NO SALES	NA
h. $4M to < $5M	NO SALES	NA	h. $4M to < $5M	NO SALES	NA
i. $5M plus	2	82	i. $5M plus	NO SALES	NA
TOTALS	42	121	TOTALS	45	142