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.
This is our tenth consecutive year of producing an annual report. As seasoned veterans of local data analysis, we have had our hits and misses, but our experience has taught us how our market moves differently than other markets in Colorado. What we nailed last year in our predictions: Average Price, New Build Permits, and we […]
2017 Commentary Woodland Park had one of the strongest years in the MLS. Average price was up a healthy, Denver-esque 11.8% and the average asking price was up more than $100,000 compared to the year prior. Sales probability is typically lower in Woodland Park due to the number of variables, but even time on market […]
2017 Commentary The West-side saw another strong year with a big gain in the probability of sale and a large drop in the average time on market. But the high-end has been slow in our region and WES has both Kissing Camels and Cedar Heights which had slow years. Average price growth lagged behind the […]
