Our Quarterly Market Peak flushes out the data in a more robust statistical format to better track price and unit performance every three months. As the year winds down, we expect inventory levels to continue to thin, but the sales rate to remain very strong, especially along the I-25 core.
Average sales price dipped in August but units finished out with the 2nd-largest number of units closed in a single month’s history. Pricing for the moment has probably realized most of it’s gains for the year as the disconnect between seller expectations and buyer’s willingness grew larger in August. Seven of the 15 markets we […]
The market is still breaking records. Average sales price is at an all-time high again, and a staggering 1600+ transactions closed in July. But it’s notable that seller pricing has accelerated faster than buyers have been willing to keep up. This will lead to a moderating (we can’t say “cooling” when it’s still record activity) […]
Our Quarterly Market Peak flushes out the data in a more robust statistical format to better track price and unit performance every three months. Three years ago we projected that the smart money was on the I-25 axis with a bias towards the west side. Since then, there have been strong sales and higher probabilities of […]
Sales numbers track buyer activity and this buyer activity is free-spending still, not panic-stricken. But buyers should be cautious that this is a great market to sneak a problem house up for sale, a home with a history to be discovered or a historic rental with an unknown past. Just because it’s the only one […]
The highest sales in the month of April were matched by 12%+ appreciation and the first ever average price across $310,000.
Our new Quarterly Market Peak flushes out the data in a more robust statistical format to better track price and unit performance every three months. When compared to the same point as April 2016 and the end of 2016’s first quarter, the 11% sales increase is even more impressive. Areas like EAS and N/E are […]
The unprecedented supply and demand crunch continued in February resulting in buyers steadily increasing their top-end price parameters. What creates appreciation is the inability to buy product A for price y, and instead having to buy product B for price y + premium. That “premium” is getting larger and larger with each advancing day as […]
The 2017 Calendar Year began with the fewest available houses in online-recorded history. That only got smaller in February. For homes priced under $400,000 there are two under contracts for every active listing. Correspondingly, the biggest one-month price increase in at least a decade happened, with average price up 13.3% from one-year prior, and the median […]
The 2017 Calendar Year begins with the fewest available houses in online-recorded history. This also results in the tightest relationship between supply and demand ever seen with a mere 1.2 months of inventory available in the Pikes Peak Region.