Restaurants Sold Annual Report – 2008
January 23, 2009

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

 

2008  Sold Report	Quarter 1	Quarter 2	Quarter 3	Quarter 4	2008
Average Days on Market	143.5	162.5	208.1	220.2	178.6
Months on Market	4.8	5.4	6.9	7.3	6.0
Average Asking Price	$292,911	$249,560	$237,040	$310,721	$275,682
Average Selling Price	$246,580	$213,560	$199,680	$261,897	$232,950
% of Asking Price Listing Sold	84.2%	85.6%	84.2%	84.3%	84.5%
% of Listings Reported Sold	60.7%	52.5%	48.4%	45.5%	52.1%
% of Sold From RFSO Lead	96.3%	98.2%	90.0%	86.4%	93.3%
Average Profile Views	582	806	975	784	755
Average Search Views	4918	7116	8051	8192	7411

 

Median Asking Price	Median Selling Price	% of Median Asking Price	Highest Reported Sale
$150,000	$120,000	80.0%	$4,000,000