If we look at the Odds of Selling Chart, we can see that in 2020, 5 properties were listed and 5 properties sold = 100% Odds of Selling. In 2021, 7 properties closed, 3 are currently under contract, 1 did not sell and there is one actively for sale. The units are roughly selling at .9/month and there is 1.1 months of inventory on the market. 6 months, is considered a balanced market and less than 6 months is considered a seller’s market.
In 2020, it took 95 days, on average to close a Naniwa Gardens unit for an average price of $519,600
In 2021, the closing time was cut in half to 42 days on average to close a Naniwa Garden unit for an average price of $550,714.
In 2020, there were 5 units sold. This chart shows us what months they closed in.
In 2021, there were 7 closings. We can see that they were well dispersed throughout the year with two occurring in November
This chart represents the last 3 years of activity. Showing us list price in relation to sold price
This chart takes into account the last 3 years of data and attempts to project what the next 90 days will look like. It is projected that one new unit will come on the market and 3 will sell.
