Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, Realtor®, Iconic Colorado Properties, LLC
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.
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.
The CPLP ratio is my favorite measure. It is the closed to list price ratio, the measure of how much above or below people are paying for homes. Here are the Colorado Springs region closed to list price ratios since 2019. As you can see, we hit a three year high of nearly 6% above […]
Here are the “vital stats” of the market in the 400K-500K price range. What you are seeing here is the last 14 months of data on our market in this bracket to include the per month number of sales, percent of cash sales of those sales, the average closed to list price ratio, average price, […]
What are the core stats you should know when looking at a market?
One of my favorite measures of the market is the closed to list price ratio. This is the measure of how much below or above list price people are paying for homes. Here we see the last three years of this measure. In Jan 2019, people we paying just over 99% of list price. This […]
