Saratoga: Sale Price to List Price Ratio- 2006-2011
Another stat that you may find useful in determining a trend is the actual sale price to list price ratio. I ran these stats for the past 5 years for Saratoga and this is what i came up with.
In 2006 Sales Price to List Price had a ratio of 98.1%, in 2007- 98.7%, 2008- 95.9%, 2009-92.5%, 2010- 94.1% and in 2011- 95.2%.
In reviewing these stats it appears to me that in 2007 was the high and 2009 was the low for this Sales Price to List Price ratio. In 2011 the ratio as of this writing has been better than 2010 and close to the 2008 ratio. Are we on the road to recovery? I think we have definitley bottomed and it all depends on many different variables as to how fast an upturn we are going to see in the mid to long term. If inverntory remains low and demand high, then of course the recovery will be much faster.
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