compiled and analyzed by jay guptabhhsimages.fnistools.com/.../contentfiles/2016_feb.pdf · housing...
TRANSCRIPT
![Page 1: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/1.jpg)
![Page 2: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/2.jpg)
![Page 3: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/3.jpg)
Compiled and Analyzed
by Jay Gupta2008 Chairman, Pikes Peak Association of Realtors®
2010 Realtor® of the Year2010 – 2012 Director, National Association of Realtors®2007 – 2012 Director, Colorado Association of Realtors®
2011 – 2012 NAR Research CommitteeCAR Research Committee Southeast District Spokesperson
Over 2-Billion in Personal and Managed Saleswith Berkshire Hathaway Rocky Mountain, Realtors®
© Jay Gupta, 2008 Chairman PPAR Board
![Page 4: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/4.jpg)
All Real Estate Is “Local”
Often real estate market condition statements are based on the national data. Certainly, as with weather conditions, there are great variations in various “Local Markets” from city to city and neighborhood to neighborhood.
© Jay Gupta, 2008 Chairman PPAR Board
![Page 5: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/5.jpg)
DisclaimerThis representation is based in whole or in part on information from the Pikes Peak REALTOR® Services Corp. (“RSC”) or its PPMLS. Content is deemed reliable; however, neither the RSC nor the PPMLS nor PPAR nor Jay Gupta guarantees or is in any way responsible for its accuracy. Data maintained by RSC does not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. All rights reserved. Unauthorized reproduction is prohibited.
© Jay Gupta, 2008 Chairman PPAR Board
![Page 6: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/6.jpg)
Current Da ta a nd
Ana lysis For
Single Family& Patio Homes
All PPMLS Areas© Jay Gupta, 2008 Chairman PPAR Board
![Page 7: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/7.jpg)
Housing Stats Dashboard # of New Listings: 1,250 # of Active Listings: 1,764 # of Listings Sold: 870 % of Active Listings Sold: 49.4% Monthly Sold Volume: $235,228,583 Median Price: $240,000 Average Price: $270,377 Sale to List Price Ratio: 98.9% Average Days On Market: 60 Days
© Jay Gupta, 2008 Chairman PPAR Board
![Page 8: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/8.jpg)
Chart Source: RSC/PPMLS
![Page 9: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/9.jpg)
New Listings Re-cap
From Jan 16 to Feb 16: 12.3% From Feb 15 to Feb 16: 10.9% Year-To-Date 2015: 2,209 Year-To-Date 2016: 2,346 Change: 6.2%
© Jay Gupta, 2008 Chairman PPAR Board
![Page 10: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/10.jpg)
Chart Source: RSC/PPMLS
![Page 11: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/11.jpg)
![Page 12: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/12.jpg)
Active Listings AnalysisListing Inventory Remains Very Low
1,768 Active Listings by Price Range :
58.4% Active under $400,000 41.6% Active over $400,000 15.0% between $400 to $500,000 16.5% between $500 to $800,000 10.1% Active over $800,000
© Jay Gupta, 2008 Chairman PPAR Board
![Page 13: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/13.jpg)
Chart Source: RSC/PPMLS
![Page 14: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/14.jpg)
Sold Listings Analysis
870 Sold Listings by Price Range:
87.2% Sold under $400,000 12.8% Sold over $400,000 7.0% between $400 to $500,000 4.7% between $500 to $800,000 1.0 % Sold over $800,000
© Jay Gupta, 2008t Chairman PPAR Board
![Page 15: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/15.jpg)
Existing Homes Sales Analysis(This category excludes new home sales)
– Jan 16 to Feb 16: 4.6%– Feb 15 to Feb 16: 21.0%– Year-To-Date 15: 1,162 Homes– Year-To-Date 16: 1,508 Homes– Change: 29.8 %
© Jay Gupta, 2008 Chairman PPAR Board
![Page 16: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/16.jpg)
Importance of Pricing Right
Days On the Market (DOM) Total Active Listings: 1,764 Listings Sold: 870
Sold in 0 - 30 days 49.2% Sold in 31- 60 days 15.1% Sold in 61- 90 days 10.9% [75.2%] Sold in 91- 120 days 8.5% [83.7%] Sold in 121+ days 16.3% [100%]
© Jay Gupta, 2008 Chairman PPAR Board
![Page 17: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/17.jpg)
![Page 18: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/18.jpg)
Chart Source: RSC/PPMLS
![Page 19: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/19.jpg)
Median PriceShort Term Fluctuations When the median price increases, it can be
reflective of the fact that more expensive than inexpensive homes sold during that period.
Similarly, a decrease in the median price can indicate that more inexpensive than expensive homes sold during that period.
© Jay Gupta, 2008 Chairman PPAR Board
![Page 20: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/20.jpg)
Median Price Relevancy
For measuring changes in the housing price, Median Price has greater possibility for accuracy over a long period of time to balance the mix of expensive and inexpensive homes sold during that period.
© Jay Gupta, 2008 Chairman PPAR Board
![Page 21: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/21.jpg)
Terms of Sale Analysis
Cash 14.1%Conventional 35.7%FHA 16.9%VA 31.3%Other 2.0%
© Jay Gupta, 2008 Chairman PPAR Board
![Page 22: Compiled and Analyzed by Jay Guptabhhsimages.fnistools.com/.../ContentFiles/2016_feb.pdf · Housing Stats Dashboard ... Year-To-Date 2016: 2,346 ... For measuring changes in the housing](https://reader034.vdocuments.us/reader034/viewer/2022050514/5f9df57de6c3d7628509b162/html5/thumbnails/22.jpg)
© Jay Gupta, Past Chairman PPAR Board