THE MOUNTAIN

Wow what a difference a few months make. These numbers are in the Snowflake / Taylor area for residential. For this year and last year, I pulled October thru February, this should give us an idea of what the trend is, rather than just what’s going on inside of one month.

MLS Statistics Oct ‘07 thru Feb ‘08

Notice the inventory under “Total Listed” is more than doubled, which is to be expected in this market. But look at the “Avg List Price Sold” and the “Avg Sale Price Sold” for the two years.

MLS Statistics Oct ‘06 thru Feb ‘07

Now look at the numbers here for early ‘06. We’ve actually come pretty close to these numbers now. Days on the market has also dropped to almost early ‘06 levels. That’s good news.

MLS Statistics Jan ‘06 thru June ‘06

What I see here is that things may be getting back to normal. 2006 was a good year here, and notice how quickly the sold price shot up from June to October of ‘06. That’s volatile baby!

It’s going to be a year or so before we’re really back to normal, <IMHO> but it’s looking better and better. The key here is for people to continue to be realistic in their asking price when they put something out there. Again here I have to say, when I do a search on the MLS for a potential buyer, I take the 5 lowest prices and email those to them. If the price is too high, very few people ever know it’s there, and if they ever see it they just completely put it out of their mind in favor of one that’s a more realistic number.

I hope this is helpful for everyone, I know I found it very interesting. If you see something in the numbers above, that I didn’t catch, or you just want to expand on something, tell everyone else about it by leaving a comment.

This is an overview of what the asking prices are in the Concho Valley subdivisions to date. This is something I’m doing with Don & Carol over at Fedora Properties. We did this last month, and I believe this will continue to be a great resource for those interested. I know I look back on these charts all the time to see what has power, or water, or what’s on the golf course. This is something I’d never been able to do by myself. Don & Carol have years of research compiled here.

Please keep in mind; The prices listed here are asking prices only. If you’d like to know more about what things are selling for in the area, please contact me.