Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, Realtor®, Iconic Colorado Properties, LLC
Data is fascinating. What you see here is 30 years of active number of listings in the Pikes Peak region alongside the average payment for a home based on the prevailing interest rate and the closed price of a home for that given month. What’s the point and takeaway from this data? In early 2022, […]
When evaluating the market(s), make sure you’re qualifying what you’re reading and asking additional questions. E.g., the September 24 to September 25 average house price rose over $35K year over year ($521,451 to $556,998). To qualify: these are single family homes in Colorado Springs specifically. Is this the full story? Not quite. We should also […]
In Colorado Springs, homes are selling at app 96% of their original list price. We are 1% below the number of homes we sold (single family, El Paso County) last year. And there are 3.81 months worth of homes on the market. This data indicates a seller’s market. But what’s happening just one layer back? […]
Here’s the quick rundown on the Colorado Springs region for Single Family Homes in El Paso County!
When we evaluate a market, when we hear the stats on a market, we often hear about the positive numbers. For example, if I share that in the last 30 days, the single family home market in El Paso County is selling at 3% above last year’s number of sales and selling for just under […]
Greetings, fellow data nerds! Why is data so important? It helps inform the ground truth. The ground truth of what is actually happening in a market. What’s the data behind the market right now? Glad you asked! Below is the last 90 days of pricing and sales in the Colorado Springs region for Single Family […]
In a word, it’s unaffordable for many people. What you see here is the average monthly payment over the last 3 decades. Note the massive jump in 2020. That was the massive injection of funds into the economy. This is a bipartisan monetary policy. What we see here is the same payment trend mapped alongside […]
It was a matter of time given market conditions before the data showed a trend we’ve been feeling here in Colorado Springs. Check this out. For the month to date November 2024, the Closed to Original List Price Ratio – the measure for what homes are closing at relative to their original list prices – […]
In the real estate market, many homeowners are looking for ways to increase their property’s value, and solar energy is often marketed as a solution. In Colorado Springs, where the sun is abundant, installing solar panels seems like a natural choice for those looking to reduce energy bills and promote sustainable living. But does going […]
Pricing your home matters. In the sixth week, homes have lost 4.27% of their list price in the Colorado Springs region. Who’s landing? When we look at the stats, remember we are only measuring who “landed”, who successfully sold. Nearly 49% of the market isn’t making it to the finish line right now. Seller’s concessions […]