OUTLOOK #1 The Listing Monsoon has begun. It used to be the market norm that April and May were big listing months anticipating the wave of buyers in May, June and July. Well now buyers get serious by February and sellers don’t start hitting the market in large numbers until May. Active listings to Under […]
What an interesting bind… when I started in real estate in 1999, April through August was relocation season. That season is now January 15th through May 15th. School is not dismissing any earlier, we are not going to work in flying cars, but we do live in an age when massive amounts of information is […]
The Data through April 30th, 2019 is INCOMPLETE as PPAR had an error in the Reporting Software that miscalculated Active Listings on the market as well as New Listings in the month of April. So the data you see here are estimates, better known as shots in the dark. The bottomline in May: The market […]
One of the highly unique attributes of working for Sotheby’s International Realty is the brand operates in 72 different countries. Most real estate conventions are in Las Vegas or Orlando in February or March, but because Sotheby’s has to consider the Southern Hemisphere, their convention is next month (every 18 months for global planning purposes) […]
I was a real estate brokerage branch manager from 2005 to 2007. The market was changing, I could feel it, but I was tasked with managing a group of brokers that had never experienced significant change or disruption to their income stream. In a desire to quantify what I was feeling, data became my play […]
I work for Scott Webber, one of the most progressive minds and attractors of talent in the North American Real Estate Industry. Scott’s Sotheby’s footprint includes 23 offices in Colorado, four around Lake Tahoe, an office in Ventura, CA, and Summit Sotheby’s in Park City and St. George, UT. According to the Swanpoel Mega 1000, […]
At the present time, interest rates are at a 14-month low, prices are only 3.1% higher (on average) than they were 12 months ago and there are 700+ more under contract properties than actively-listed properties in El Paso and Teller Counties.
Last month, we began with this statement: “the last three weeks have seen the slowed-market reverse course, and for the time being at least, go straight back to market conditions last seen in First Quarter 2018.” Expanding that sentiment as the Spring comes bombing in: Buyers are Buying again. Since the third week of January, […]
The reports of the Colorado Real Estate Market’s Demise appear – at the moment – to be premature. Make no mistake, late July 2018 through December 2018 saw a significant slow down in sales activity across the Front Range. Sales activity at year’s end more closely resembled 2015 than it did the all-out blitz of […]
“The Market for something to believe in, is infinite” – “The Hughtrain” by Cartoonist, Business-Blogger and all-around savant, @GapingVoid, a.k.a., Hugh MacLeod Colorado Springs. It’s a beautiful place. It has a stunning setting. It’s young, the average age now down to 38 years of age. It’s increasingly affluent and well-educated. It also has some boring […]