Sale Price/List Price - 2012 Northern Colorado Market Trends

By
Real Estate Broker/Owner with New Paradigm Partners LLC EB #1326335

Continuing our semi-annual series of reports on Northern Colorado* real estate market trends, this report takes a look at the sale price/list price ratio. This is one of our most effective measures of the market's overall health. Numbers clustering closely around 100% would indicate a balance between supply and demand, as well as realistic expectations by sellers in pricing their homes. Numbers that diverge from that range can indicate problems - ratios of over 100% generally suggest that the housing stock is too low to meet demand and that bidding wars are common. (An exception to this is new construction, where homes are typically listed at base price - when upgrades are added, the final price can be well above base) Numbers much lower 100% indicate a strong buyer's market, with too many homes available and sellers forced into bigger price concessions in order to make a sale.


Sale Price/List Price Ratio - N. Colorado Market Trends 2010-2012


Looking at the range of this indicator over the last two years, we note three things of interest: First, the numbers are close to the 100% mark, comfortably high. Sellers are tending to get close to their asking price, and buyers are getting a slight, but not insignificant, discount. Second, the numbers have tended to vary within a fairly narrow range, from a low of 96.5% in November 2011 to a high of 98.7% in July of 2012. That's a variation of around 2%. And third, the numbers are trending upward, and moving toward increased balance.

These are all good signs, indicative of the relative health and stability of the regional market, and good news for everyone.

If you would like to follow the Northern Colorado real estate market data in more detail, please take a look at Mary & Dick's Blog, where we report regularly and in greater detail on what's happening in each city and county, as well as on specific market segments and neighborhoods. And if you would like specific information that we're not reporting, please give us a call. If the data is available, we'll get it for you.

* We're defining Northern Colorado as all of Larimer & Weld Counties, which include the cities of Fort Collins, Loveland, Estes Park, Berthoud, Wellington, Greeley, Windsor, and Johnstown.

Posted by
Mary & Dick

Mary & Dick Greenberg
New Paradigm Partners LLC
2601 S. Lemay Ave. #41
Fort Collins, CO 80525
970-689-4663
www.maryanddick.com

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Topic:
Real Estate General Information
Location:
Colorado Larimer County
Groups:
Market Reports
Loveland CO Market Reports
Greeley CO Market Reports
Fort Collins Rainers
2013MarketReports
Tags:
statistics
northern colorado
colorado
market trends
price ratio
sale price vs list price

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Rainmaker
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Chris and Dick Dovorany
Broker/Associate at Premiere Plus Realty
Homes for Sale in Naples, Bonita Springs and Estero, Florida

Love it when properties sell so close to asking.  To me it means that we're over the hump. (another one coming in Nov)

September 19, 2012 02:59 PM
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Debbie Laity
Your Real Estate Resource for Delta County, CO
Cedaredge Land Company

If you are thinking of buying, selling or relocating to the Fort Collins, Colorado area, call Dick Greenberg. Dick Greenberg is your Fort Collins area Real Estate expert.

September 19, 2012 04:08 PM
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Dick Greenberg
Northern Colorado Residential Real Estate
New Paradigm Partners LLC

 Hi Chris and Dick and Debbie - Thanks so much for commenting on my market trends report. This chart is very encouraging, with the sale price/list price ratio maintaining very healthy levels.

September 19, 2012 05:44 PM
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Debbie Reynolds
Your Dedicated Clarksville TN Real Estate Agent
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730

Dick, I am working on some graphs to share too. You inspired me.

September 20, 2012 04:34 AM
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Dick Greenberg

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