Monday, June 3, 2013

How Is The Market Today?



This is the question most often posed to me, so today, let’s look at the newest information. 

Criteria:
Residential
La Plata County
Source: Colorado Real Estate Network (MLS)

Dates:

May 30, 2012 thru May 30, 2013                 Calendar Year 2012
Homes Sold: 902                                           Homes Sold: 834
Median Price: $310,000                                Median Price: $299,450

The number of homes sold is up 8.2% and the median price is up 3.5%.

If we compare this quarter (with a couple of days left in it) to the 2nd quarter of last year, it is much bigger difference.  The second quarter last year was the very bottom of the market for our La Plata County residential prices, and this year prices are significantly higher.

Dates:

March 1, 2013 thru May 30, 2013                               March 1, 2012 thru May 31, 2012
Homes Sold: 223                                                          Homes Sold: 180
Median Price: $327,500                                               Median Price: $279,625

The number of homes sold is up 23.9% and the median price is up 17.1%!

As a reminder, the prices are dependent on location, the number of homes on the market, and the price range.  It is still a buyers market in some market areas and in the higher price ranges of properties.

The other information that may be interesting to compare is the percentage of the market for residential, commercial and land.  This excludes leases and commercial land sales will show in the numbers for land.

Dates: May 30, 2012 thru May 30, 2013

Commercial:       27 Properties Sold        2.4%
Land:                  181 Parcels Sold           16.3%
Residential:        902 Homes Sold            81.3%
Total:                     1,110 Properties Sold

2 comments:

Tiago said...

I believe that the market is much better than 2 years ago. But is not rocket either. I compare real estate agents in the region and they missed the 2000/2008 period. Aren´t they learn anything?

Life is Beautiful said...

You'll find that by working with a Real Estate Professional you're comfortable with, purchasing a home can actually be a pleasant and gratifying experience. website