Restaurants Sold Annual Report – 2007
January 15, 2008

Please find below the results of our exit survey by sellers and brokers for last year which shows results for listings reported sold. 

 

2007  Sold Report	Quarter 1	Quarter 2	Quarter 3	Quarter 4	2007
Average Days on Market	171.9	181.7	196.5	155.9	176.7
Months on Market	5.7	6.1	6.6	5.2	5.9
Average Asking Price	$204,150	$246,716	$198,594	$353,092	$259,301
Average Selling Price	$153,653	$218,844	$149,868	$343,021	$227,151
% of Asking Price Listing Sold	75.3%	88.7%	75.5%	97.1%	87.6%
% of Listings Reported Sold	42.0%	50.3%	48.4%	50.9%	48.1%
% of Sold From RFSO Lead	74.2%	78.8%	81.0%	89.1%	81.2%
Average Profile Views	763	703	588	647	636
Average Search Views	5812	7039	6365	6847	6512

 

Median Asking Price	Median Selling Price	% of Median Asking Price	Highest Reported Sale
$175,000	$140,000	80.0%	$2,950,000