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by Cindy, on November 6th, 2009
This is getting VERY interesting! Here is the 10/31/09 Market Update Report.
The number of homes on the market continues to be down nearly 20% from last year, but the number of sales also continues to lag last year by a little more than 10%. Sales relative to new listings also continues to improve marginally, from 58% last year to 55% this year. And DOM continues to be about 2 weeks longer this year than last.
So what’s interesting? One, the fact that the numbers are roughly the same indicates we may be stabilizing—at bottom. But at least things aren’t getting worse.
The second surprise is that prices seem to be stabilizing—again, at bottom? Note that both the discount sellers suffer as they ‘dial in’ their price to attract an offer AND the discount sellers suffer in negotiating their selling price with their buyer are BOTH unchanged. Both these figures have shown deterioration as every month went by this year. For the first time, prices seem to be firming—at a total discount of 12.5% (which is horrible), but at least not worse.
Also, note that the median selling price has fallen only 2% from last year. Last month, the median selling price was down 10%.
We could be watching the market turn before our very own eyes. On the other hand, this could be a spike. So I’ll be eager to see next month’s report…
Stretch your holiday $ half way around the world. Come to the Alternative Christmas Fair featuring mainly charitable non-profits from around the world. This is not your typical church bazzar – the items are unique, beautiful and mostly hand crafted. All the proceeds go directly to the participating non-profits that serve populations with needs.
Evergreen Lutheran Church
5980 Hwy 73
Evergreen, CO
Saturday, November 14th
Sunday, November 15
9am – 3pm
Come to The Meadows at Marshday on November 7th for the Conifer Area Chamber of Commerce’s 9th Annual Fall Wine Tasting. Enjoy wonderful Colorado wines, fine foods, door prizes, silent auction and live music by MoDaZz. This event is presented by Omaha Bank.
The Meadows at Marshdale
6851 Hwy 73
Evergreen, CO
Saturday, November 7, 2009
6pm – 9pm
Tickets $25 each or 2 for $45, 10 for $200
At the door – $30 each
Contact Conifer Chamber Office
303-838-5711
www.goconifer.com
Enjoy a day of shopping and eating at the Conifer Holiday Boutique. Select gifts for all occasions from the ninety plus artisans that will be in attendance. There will also be delicious baked goods and gourmet items. For more information visit www.coniferneighbors.org.
Saturday, November 7, 2009
9am – 4pm
Conifer High School
10441 Highway 73
Confier, CO
Free admission, parking and shuttle www.coniferneighbors.org
Want to have a howling good time? Come to downtown Evergreen for the Annual Halloween Walk. This is a safe and fun trick or treating event! Visit the merchants on Main Street on Saturday, October 31 from 4:30pm – 6:30pm. For more information, visit www.HeartofEvergreen.com
Fall Real Estate Guide: Bargains, Bubbles And Stable Markets Just because a local housing market has sunk like a stone, doesn’t mean it can’t drop some more. Here’s a list of cities that are overvalued, undervalued and fairly priced.