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written by Fauna MacKillip
Last Updated: Monday, August 02, 2010
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May 2010 Sales Stat's and a Comment on the Current Market
written by Fauna MacKillip
Last Updated: Sunday, June 27, 2010
Here is the monthly s of sales activity for May 2010. There really isn't much to say, except with the expiration of the buyer incentive program that expired on April 30th created a litteral sales vacuum in it's wake. The fact that there hasn't been much sales activity in any price category will most likely continue through the next few months while those homes that were placed under contract go to the closing table. The deadline date to close those purchases is June 30th, however, that date is expected to be extended because may of the homes that were purchased are unable to close by the June deadline.
One good thing to think about here is that with the prices remaining soft, anyone looking to purchase a home and hold on to it for 5 years might just have a great opportunity here. Prices are a bit lower than before the buyer incentive program expired and there is a good inventory of homes to choose from. As always, if you have any questions, please give me a call and I can go over any details you may have questions on. - Fauna
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% Change vs |
| |
MAY 2010 |
Prior Month |
Year Ago |
| Single Family (Res + Cond) |
| Active |
21,433 |
2.34 |
3.37 |
| Pending |
583 |
-6.27 |
- |
| Under Contract |
3,883 |
-41.31 |
-27.33 |
| Sold |
4,365 |
4.23 |
20.31 |
| Avg DOM |
76 |
-5.16 |
-27.93 |
| Avg Sold Price |
$248,126 |
-0.99 |
2.10 |
| Residential |
| Active |
16,333 |
3.09 |
4.24 |
| Pending |
492 |
-1.80 |
- |
| Under Contract |
3,139 |
-39.25 |
-27.02 |
| Sold |
3,416 |
3.26 |
19.57 |
| Avg DOM |
75 |
-5.06 |
-27.88 |
| Avg Sold Price |
$273,285 |
-0.35 |
4.28 |
| Condominium |
| Active |
5,100 |
0.00 |
0.69 |
| Pending |
91 |
-24.79 |
- |
| Under Contract |
744 |
-48.65 |
-28.60 |
| Sold |
949 |
7.84 |
23.09 |
| Avg DOM |
79 |
-5.95 |
-28.18 |
| Avg Sold Price |
$157,566 |
-2.56 |
-8.63 |
© 1998-2010 Metrolist, Inc. All rights reserved.
Here's a good on that I thought I'd share with you
written by Fauna MacKillip
Last Updated: Tuesday, June 01, 2010
According to an article posted by Reuters on June 1st, 2010, on the expiration of the Home Buyers Tax Credit on April 30th. “Applications plummeted by nearly a third to 13-year lows after tax credits ended.” What a surprise.
In reality, you could hear the big whoosh as potential buyers left the market in droves leaving only those that absolutely needed to purchase to sift over the remaining inventory. It will take a couple of months to bring the under $250,000 inventory up to pre-tax credit levels, and then the market will have to show some strength in the over $350,000 level, which didn’t perform as well with the incentive program, to bring enough stability to say the market will hold it’s own again.
There are some things in this world that just can’t be tampered with… and one of them is the housing market.
- Fauna
April 2010 Sales Stats
written by Fauna MacKillip
Last Updated: Sunday, May 09, 2010
The April 2010 stats are still showing an upward sales trend with some help from the home buyer tax credit giving a strong boost to the sales numbers. Stats for the months of May and June will still show signs of growth becasue of the flurry of sales that odccurred just before the credit expired. I think the next stable period will be in the July - August reporting periods because no tax credit "incentives" will be there to skew the real numbers. Growth is a good thnink... let's hope the numbers stay solid. - Fauna
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% Change vs |
| |
APR 2010 |
Prior Month |
Year Ago |
| Single Family (Res + Cond) |
| Active |
20,943 |
4.56 |
1.15 |
| Pending |
622 |
14.34 |
- |
| Under Contract |
6,616 |
12.00 |
27.65 |
| Sold |
4,188 |
16.27 |
23.54 |
| Avg DOM |
80 |
-6.92 |
-22.74 |
| Avg Sold Price |
$250,605 |
0.68 |
7.33 |
| Residential |
| Active |
15,843 |
5.70 |
1.30 |
| Pending |
501 |
13.86 |
- |
| Under Contract |
5,167 |
11.26 |
24.42 |
| Sold |
3,308 |
18.10 |
22.25 |
| Avg DOM |
79 |
-8.14 |
-22.55 |
| Avg Sold Price |
$274,253 |
-0.25 |
7.79 |
| Condominium |
| Active |
5,100 |
1.17 |
0.67 |
| Pending |
121 |
16.35 |
- |
| Under Contract |
1,449 |
14.73 |
40.68 |
| Sold |
880 |
9.86 |
28.65 |
| Avg DOM |
84 |
-5.62 |
-23.64 |
| Avg Sold Price |
$161,708 |
2.46 |
7.40 |
© 1998-2010 Metrolist, Inc. All rights reserved.
March 2010 Stats
written by Fauna MacKillip
Last Updated: Sunday, May 02, 2010
Here are the stats for March 2010. These are the general "All Denver" numbers for Residential and Condo properties. If you would like to have more specific numbers for your neighborhood, just give me a call and I'd be happy to help you. - Fauna
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|
% Change vs |
| |
Mar 2010 |
Prior Month |
Year Ago |
| Single Family (Res + Cond) |
| Active |
20,030 |
6.15 |
-2.90 |
| Pending |
544 |
13.33 |
- |
| Under Contract |
5,907 |
33.82 |
22.40 |
| Sold |
3,602 |
47.87 |
12.35 |
| Avg DOM |
87 |
-8.77 |
-18.24 |
| Avg Sold Price |
$248,905 |
0.58 |
7.10 |
| Residential |
| Active |
14,989 |
6.62 |
-3.82 |
| Pending |
440 |
13.11 |
- |
| Under Contract |
4,644 |
34.26 |
18.86 |
| Sold |
2,801 |
46.42 |
8.15 |
| Avg DOM |
86 |
-6.52 |
-18.87 |
| Avg Sold Price |
$274,950 |
1.95 |
9.29 |
| Condominium |
| Active |
5,041 |
4.78 |
-0.06 |
| Pending |
104 |
14.29 |
- |
| Under Contract |
1,263 |
32.25 |
37.43 |
| Sold |
801 |
53.15 |
30.03 |
| Avg DOM |
89 |
-17.59 |
-16.04 |
| Avg Sold Price |
$157,830 |
-5.04 |
4.03 |
© 1998-2010 Metrolist, Inc. All rights reserved.
Monthly Sales Stats for February 2010
written by Fauna MacKillip
Last Updated: Sunday, April 04, 2010
Here are the monthly stats for February 2010. If you have any questions, please give me a call. - Fauna
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% Change vs |
| |
Feb 2010 |
Prior Month |
Year Ago |
| Single Family (Res + Cond) |
| Active |
18,869 |
8.04 |
-5.93 |
| Pending |
480 |
50.00 |
- |
| Under Contract |
4,414 |
19.62 |
5.52 |
| Sold |
2,436 |
3.53 |
-1.93 |
| Avg DOM |
95 |
8.45 |
-11.13 |
| Avg Sold Price |
$247,471 |
3.91 |
13.51 |
| Residential |
| Active |
14,058 |
7.89 |
-7.68 |
| Pending |
389 |
41.45 |
- |
| Under Contract |
3,459 |
19.98 |
3.19 |
| Sold |
1,913 |
3.91 |
-4.73 |
| Avg DOM |
92 |
2.22 |
-14.02 |
| Avg Sold Price |
$269,688 |
3.52 |
13.83 |
| Condominium |
| Active |
4,811 |
8.48 |
-0.41 |
| Pending |
91 |
102.22 |
- |
| Under Contract |
955 |
18.34 |
14.92 |
| Sold |
523 |
2.15 |
9.87 |
| Avg DOM |
108 |
27.06 |
-0.92 |
| Avg Sold Price |
$166,206 |
5.39 |
20.23 |
© 1998-2010 Metrolist, Inc. All rights reserved.
January 2010 Stats
written by Fauna MacKillip
Last Updated: Friday, February 19, 2010
Here are the January 2010 Stats
| |
Jan 2010 |
Prior Month |
Year Ago |
| Single Family (Res + Cond) |
| Active |
17,465 |
6.13 |
-11.56 |
| Pending |
320 |
- |
- |
| Under Contract |
3,690 |
21.86 |
-3.68 |
| Sold |
2,353 |
-20.48 |
-4.70 |
| Avg DOM |
89 |
-0.10 |
-11.71 |
| Avg Sold Price |
$238,155 |
-6.93 |
11.64 |
| Residential |
| Active |
13,030 |
6.25 |
-13.40 |
| Pending |
275 |
- |
- |
| Under Contract |
2,883 |
21.59 |
-8.01 |
| Sold |
1,841 |
-20.92 |
-5.25 |
| Avg DOM |
90 |
2.27 |
-9.09 |
| Avg Sold Price |
$260,530 |
-7.53 |
12.84 |
| Condominium |
| Active |
4,435 |
5.77 |
-5.66 |
| Pending |
45 |
- |
- |
| Under Contract |
807 |
22.83 |
15.78 |
| Sold |
512 |
-18.86 |
-2.66 |
| Avg DOM |
85 |
-8.60 |
-20.56 |
| Avg Sold Price |
$157,701 |
-1.68 |
6.19 |
© 1998-2010 Metrolist, Inc. All rights reserved.
November 09 Statistics and insight
written by Fauna MacKillip
Last Updated: Tuesday, December 22, 2009
Here are the Stats for November 09. These numbers don't reflect the trend that is being seen nationwide, but the recent stability of them support a stabilizing effect of the federal support that helped pull the housing market back from the largest single downturn since the Great Depression.
Characteristically, there has been a great deal of momentum in all price ranges that has been fueled by the abundance of short sales which are providing a strong value to those that are ot in need of a new home right away and are willing to work through the process which could take 6 months or more.
If you would like to explore the possibilities of purchasing a short sale, just give me a call and I'll be glad to help you with your housing needs. - Fauna
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% Change vs |
| |
NOV 09 |
Prior Month |
Year Ago |
| Single Family (Res + Cond) |
| Active |
18,061 |
-4.67 |
-17.00 |
| Under Contract |
3,444 |
-29.86 |
-5.31 |
| Sold |
3,599 |
-9.07 |
23.25 |
| Avg DOM |
81 |
-12.77 |
-13.49 |
| Avg Sold Price |
$238,852 |
0.02 |
5.27 |
| Residential |
| Active |
13,575 |
-5.57 |
-19.08 |
| Under Contract |
2,727 |
-28.24 |
-6.71 |
| Sold |
2,751 |
-9.86 |
16.82 |
| Avg DOM |
79 |
-14.13 |
-15.05 |
| Avg Sold Price |
$265,498 |
1.42 |
9.46 |
| Condominium |
| Active |
4,486 |
-1.82 |
-10.03 |
| Under Contract |
717 |
-35.41 |
0.42 |
| Sold |
848 |
-6.40 |
50.09 |
| Avg DOM |
88 |
-10.20 |
-9.28 |
| Avg Sold Price |
$152,409 |
-5.60 |
-5.70 |
© 1998-2009 Metrolist, Inc. All rights reserved.
October 2009 Monthly Summary Report
written by Fauna MacKillip
Last Updated: Tuesday, December 01, 2009
Here is the October Monthly Summary Report
| |
OCT 09 |
Prior Month |
Year Ago |
| Single Family (Res + Cond) |
| Active |
18,945 |
-4.48 |
-18.06 |
| Under Contract |
4,910 |
-6.08 |
9.01 |
| Sold |
3,958 |
2.91 |
-7.57 |
| Avg DOM |
93 |
-2.74 |
-1.59 |
| Avg Sold Price |
$238,807 |
-4.90 |
2.81 |
| Residential |
| Active |
14,376 |
-4.45 |
-19.43 |
| Under Contract |
3,800 |
-5.68 |
4.14 |
| Sold |
3,052 |
1.70 |
-9.86 |
| Avg DOM |
92 |
-4.17 |
-1.08 |
| Avg Sold Price |
$261,771 |
-4.61 |
4.64 |
| Condominium |
| Active |
4,569 |
-4.57 |
-13.43 |
| Under Contract |
1,110 |
-7.42 |
29.82 |
| Sold |
906 |
7.22 |
1.12 |
| Avg DOM |
98 |
1.03 |
-3.92 |
| Avg Sold Price |
$161,451 |
-4.06 |
-1.96 |
© 1998-2009 Metrolist, Inc. All rights reserved.
Homebuyer Tax Credit Program to be Extended
written by Fauna MacKillip
Last Updated: Thursday, October 29, 2009
It appears that the US Senate is going to extend the Homebuyer credit program through April 30th, 2010 and expand it to include homeowners that have lived in their home for at least 5 years and have a combined annual incomes of up to $225,000 and for single homeowners up to $125,000.
Though the credits will be reduced to $6,500 for existing homeowners, first tiem homebuyers will still be able to claim the original $8,000 credit that was offered in the original program. This extension of the tax credit program will help to extend the current increase in home sales. As I had mentioned in a previous post, pre-existing home sales have been improving, however, recent statistics have shown new homesales have begun to show a slowdown. - Fauna
Good News for a Change??
written by Fauna MacKillip
Last Updated: Sunday, October 25, 2009
The National Association of Realtors (NAR) latest report on the housing market shows a bit of an improvement.
Their report for September 09 showed a national increase of 9.4% from the previous month (August 09) and they continued to say that current sales activity is at the highest level since July 07.
Good news?? I’m not sure. These numbers are obviously being skewed by the First Time Buyer incentive program that will be expiring here on the 30th of November, at which time I expect to see a general slowdown in home sales unless the program is extended.
If you want to take advantage of the program, we need to be under contract asap. Some lenders are reporting that they may not be able to get the loans closed due to the current volume of loans in progress. Call me for more information. – Fauna MacKillip
Awards... Are they a measure of success?
written by Fauna MacKillip
Last Updated: Friday, October 16, 2009
I recently went on a listing appointment and the seller was very interested in what kind of awards I had won. It was a simple request and he just wanted to know as a way of measuring my success at selling real estate. I gave him a really good answer, but I don’t think it was what he was expecting.
You see, I personally think that awards are meaningless. I learned early on that a walnut plaque doesn’t do anything for my customers, in fact the only thing an award is good for is getting to go to the dinner that they present them at. Sometimes it is a really great party, but otherwise it is meaningless.
The problem is that real estate companies make award categories so just about everyone will win some kind of an award. The agent feels good, the company maintains their rah, rah, and the public can be impressed. But I think there is a far better standard to measure success with…. SOLD statistics.
Let’s put it this way, I think the best award I can receive is having a SOLD sign in your yard. I’ve had the good fortune of selling over 1,000 homes in my career of over 20 years, and that is really where the story is. Hard work, a great marketing program, and the ability to be where the buyers are… Now that is an award worth having.
Oh… I did get the listing and another SOLD sign too! Geez.... more awards. - Fauna
How to know if an agent is a secret agent?
written by Fauna MacKillip
Last Updated: Friday, October 16, 2009
Have you ever wondered about how good a real estate agent really is? I mean how do you measure their sales and marketing skills? One way is seeing the awards and accolades that they have received, or maybe a list of the homes they have sold.
Actually, I have a far easier way for you to see all of the marketing that they have done to sell homes, and you can do it right from the comfort of your computer. Google them. That’s right. Just go to Google, Bing, or Yahoo and search for their name. Those that have done any kind of marketing will show up there. The more marketing that they have done, the more entries there will be.
I expect most agents to have at least one entry, but successful agents will have more. If you were to Google my name Fauna MacKillip, you will see dozens of pages of entries containing marketing for homes, movies, virtual tours, blogs, websites and more.
No, I’m not an internet junkie, I just sell a lot of homes, and I’m really good at being where the buyers are. Maybe you should just call me first so I can show you how to Buy with Confidence, and Sell with Experience!” - Fauna
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