Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, Realtor®, Iconic Colorado Properties, LLC
As we move into the end of the month, here’s where we stand right now. Average pricing is down about $7K from one month ago, as is the closed to list price ratio (down from 2.85% above to 1.49%). We have 2,239 homes on the market vs 1,485 from the same month ago. Our 30 […]
Here is a quick snapshot of the top 20 subareas in the PPAR region, mapped in descending order by their number of sales in the last 30 days, followed by the count of active homes for sale and the number of homes under contract in the same. Why does this matter? Good question! It shows […]
I saw this morning someone post a generalized chart stating that real estate beats inflation. Let’s take a look at this locally. Below is about 22 years worth of average pricing, interest rates and inflation numbers. While real estate is largely tracking inflation the last couple of years, we do have a situation that hasn’t […]
There is a lot of talk right now and the market has been significantly impact in terms of showings, contracts (both of which are way down) due to the rise in interest rates. I wanted to share the ‘so what’ of these rates. Why are these so important? Let’s take a look at a $375K […]
This shows Banning Lewis Ranch is the top selling subarea with just under 50 sales the last 30 days. They have about 22 homes on the market and 45 homes under contract. Of particular note is that inventory is rising across these subareas. Increased inventory – homes for sale – will put downward pressure on […]
Yes, yes it is. In a number of ways. Let’s take a look at interest rates then and now. “Rates are actually on par right now with the 2008 trend,” I see and hear that being said quite a bit. That’s true. However, that discounts pricing as a factor in the affordability issue we face […]
Here are the top 10 subareas by number of sales for the last 30 days. The blue bar represents the number of closed sales for the same, the orange the number of active listings. This is a pretty big shift from 6 weeks ago. This is a good thing for home buyers. Home sellers need […]
One of my favorite measures of the market is the closed price to list price ratio (CPLP). That is, the measure of how much above or below list price people are paying for homes. Right now, we are sitting at 1.028, or 2.8% above list price on average. I do think with the rate activity […]
Here’s where the market stands as of 3 June 2022. Of note, we have added about 5 days of inventory in the last couple of weeks.