Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, Realtor®, Iconic Colorado Properties, LLC
A tale of one market at two points in time. What you see here is a snapshot of the Colorado Springs region median income from 2005-2008 (green) below the same measure from 2019-2022 (orange). Above these you see the average pricing from 2005-2008 (blue) and above that is the same measure from 2019-2022 (gray). The […]
Here are the top 10 zip codes by price range for 2022. This is not filtered for volume of sales.
Curious about the Colorado Springs market? Here are the top 10 zip codes by number of sales YTD. Also shown is in the average price point for the zip code. 80925, east of Fort Carson and South of Peterson, leads the pack with a little under 350 sales and an average price of $473K.
In a market that is selling for 4% above list price on the average, how important is pricing your home? With such low inventory and high demand, does list price matter? In a word: YES. There is a 5.7% difference in the average closed to list price of homes from their first to their fifth […]
The absorption rate – abs rate – is a measure of inventory. How long will it take to “absorb” the current inventory? Below is a chart that displays as a function of comparing the closed and active listings the abs rates of the top 10 subareas by volume of sales over the last 30 days. […]
The R2 for the M2 money supply to median pricing .89. What does that mean? There is a high level of correlation between these data points. More so than interest rates, active number of homes, number of new listings. If you want to see where home prices are going, watch the M2.
Here is the breakdown of the types of purchases year to date in the Pikes Peak Association of Realtors® (PPAR) region. Cash has made up 18% of purchases year to date, VA loans are 27%, FHA is 8% and conventional is 47%. Why does this matter? It informs buyers and sellers and helps them know […]
If you are looking for a home in the Colorado Springs area, be prepared. The average home in the 400,000 – 450,000 is closing 4.59% above list price to the tune of an average of $19,492.
Banning Lewis Ranch (BLR) has overtaken Pueblo West YTD in volume of sales. The average price YTD in BLR is $550,712. The median is $550K.
Three days and sixty one additional sales, the average closed price over list is up almost $900 to nearly $17K. Cash sales down 2% this week. Why does this information matter? It helps agents, lenders, investors, sellers and buyers know what to expect in our market.