Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, Realtor®, Iconic Colorado Properties, LLC
April and May according to the 10 year average closed to list price ratios. What you see below is the average of ten years of closed to original list price ratios by month. As you can see, April and May are the highest of the months at 100.1%. November, December and January are the lowest […]
This question hit my inbox this morning. The answer is “mostly below on the average right now”. Here is a breakdown of the top 20 selling subareas in the region (as measured by their number of sales). Here’s how to read this: Banning Lewis Ranch is the number one selling subarea YTD and is closing […]
Bottom line: inventory in these subareas is lower than I expected to see, with the exception of Banning Lewis Ranch. The low inventory across the board seems to be helping holding pricing up.
Here’s a quick rundown on the month to date. We are tracking 247 sales, down 44.12% from last year this time (through the 12th of Feb). We are closing at 6.18% down from the original list price on those sales. With a closed to current list price percentage down 1.82%, that means homes are dropping […]
Let’s see where we stand for the last 30 days as we close in on the end of the first week of February. This snapshot of my custom analytics dashboard is PACKED full of information but here are a couple highlights: The average closed price is $509K w/50 days on the market. We are closing […]
January 2023 sales numbers closed out down 35% vs. January 2022. This is about 5 to 8% better than I expected. It will be interesting to watch February to see if the upward trend (relative to the down months of last quarter) holds.
Curious about our market and the types of sales therein? Checkout the map plot that shows the ‘big 4’ purchase types across the region since Oct 1, 2022.
It’s often said “Cash is King”. What does this mean? It usually means two things. One, the belief that cash will usually win the offer. Two, cash tends to win at a discount due to its relative ease. What ease, you may ask? Cash purchases don’t require appraisals as a condition of financing, which reduces […]
Eleven days into the new year, the number of sales is at 43.2% of this time last year. Or, down 56.8%. Do what you do and do it well but it’s important to acknowledge the reality of the market, too. Sales are down.
Banning Lewis Ranch is currently the top selling subarea in town by number of sales in the last 30 days. The average closed price in BLR is $481,396. The median closed priced price is $475,000. The average days on market is 6.09 and the median is 29. Homes are selling at 5.86% under the original […]