Park City Real Estate Stats: Q3 2015 Good Morning Today’s topics: 1. Demand 2. Supply 3. Cash Sales 4. Pricing Trends Consider what will be your narrative?
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Demand: Pending Sales
Rick J. Klein 435 647 9055
NAR announced (10/29/15) the pended home sales index retreated for a second month in September down 2.3% from August but is still 3% higher than September 2014.
Monday, November 9, 2015
Demand: Pending Sales
Rick J. Klein 435 647 9055
NAR announced (10/29/15) the pended home sales index retreated for a second month in September down 2.3% from August but is still 3% higher than September 2014. Dr. Yun attributed this to 1) “a dearth of available listings... 2) the rockiness in the financial markets at the end of the summer and signs of a slowing U.S. economy.” Yet “with interest rates hovering around 4%, rents rising at a near 8year high, and job growth holding strong, the overall demand for buying should stay healthy...”
Monday, November 9, 2015
Demand: Pending Sales
Rick J. Klein 435 647 9055
NAR announced (10/29/15) the pended home sales index retreated for a second month in September down 2.3% from August but is still 3% higher than September 2014. Dr. Yun attributed this to 1) “a dearth of available listings... 2) the rockiness in the financial markets at the end of the summer and signs of a slowing U.S. economy.” Yet “with interest rates hovering around 4%, rents rising at a near 8year high, and job growth holding strong, the overall demand for buying should stay healthy...” GPC PHSI for September also fell 1% from August, but August was a record breaker. In addition, this September is 6% higher than this time last year. Overall, Q3 was a very good quarter for GPC pended sales. Monday, November 9, 2015
Rick J. Klein 435 647 9055
Demand: Pending Sales NAR and GPC Pending Home Sales Index Thru 9/2015 Source: NAR, PCMLS/Compiled by Rick Klein
140
130
120
110
100
90
80
National PHSI Monday, November 9, 2015
Park City PHSI
5 Ja
n1
4 Ja
n1
3 Ja
n1
2 n1 Ja
n11 Ja
0 Ja
n1
9 Ja
n0
8 Ja
n0
7 Ja
n0
6 Ja
n0
5 Ja
n0
4 Ja
n0
3 Ja
n0
2 n0 Ja
Ja
n0
1
70
Ja A n-0 pr 7 Ju -07 O l-0 c 7 Ja t-0 7 A n-0 pr 8 Ju -08 O l-0 c 8 Ja t-0 8 A n-0 pr 9 Ju -09 O l-0 c 9 Ja t-0 9 A n-1 pr 0 Ju -10 O l-1 c 0 Ja t-1 0 A n-1 pr 1 Ju -11 O l-1 c 1 Ja t-1 1 A n-1 pr 2 Ju -12 O l-1 c 2 Ja t-1 2 A n-1 pr 3 Ju -13 O l-1 c 3 Ja t-1 3 A n-1 pr 4 Ju -14 O l-1 c 4 Ja t-1 4 A n-1 pr 5 Ju -15 l-1 5
# of transactions
Demand: Pending Sales
200
Land
Monday, November 9, 2015
SFR Condos
Rick J. Klein 435 647 9055
Pended Sales: Greater Park City As of 9/2015
Source: PCMLS/Compiled by Rick Klein
180
160
140
120
100
80
60
40
20
0
Ja A n-0 pr 7 Ju -07 O l-0 c 7 Ja t-0 7 A n-0 pr 8 Ju -08 O l-0 c 8 Ja t-0 8 A n-0 pr 9 Ju -09 O l-0 c 9 Ja t-0 9 A n-1 pr 0 Ju -10 O l-1 c 0 Ja t-1 0 A n-1 pr 1 Ju -11 O l-1 c 1 Ja t-1 1 A n-1 pr 2 Ju -12 O l-1 c 2 Ja t-1 2 A n-1 pr 3 Ju -13 O l-1 c 3 Ja t-1 3 A n-1 pr 4 Ju -14 O l-1 c 4 Ja t-1 4 A n-1 pr 5 Ju -15 l-1 5
# of transactions
Demand: Pending Sales
200
180
160
Land
Monday, November 9, 2015
SFR Condos
Rick J. Klein 435 647 9055
Pended Sales: Greater Park City As of 9/2015
Source: PCMLS/Compiled by Rick Klein
August of 2015, highest monthly pended sales since August 2006.
140
120
100
80
60
40
20
0
Rick J. Klein 435 647 9055
Demand: Pending Sales Pended Sales: Greater Park City YTD 9 Mo.Comparison (as of 9/2015) Source: PCMLS/Rick J. Klein
1600 1400
# of Transactions
15% 1200 1000
33%
800 600
51% 400 200
SF
CO
2
3
4
5
201
201
201
201
9 200 VL
Monday, November 9, 2015
201 1
8 200
0
7 200
201
6 200
0
Rick J. Klein 435 647 9055
Demand: Pending Sales Pended Sales: Greater Park City YTD 9 Mo.Comparison (as of 9/2015) Source: PCMLS/Rick J. Klein
1600
# of Transactions
1400
Pended sales for the first nine months of this year are the highest since 2006.
1200
15%
1000
33%
800 600
51% 400 200
SF
CO
2
3
4
5
201
201
201
201
9 200 VL
Monday, November 9, 2015
201 1
8 200
0
7 200
201
6 200
0
Demand: Exis1ng Sales
Rick J. Klein 435 647 9055
NAR announced (10/22/15) existing home sales rebounded in September by 4.7% to a SAAR of 5.55M and are now 8.8% higher than a year ago.
Monday, November 9, 2015
Demand: Exis1ng Sales
Rick J. Klein 435 647 9055
NAR announced (10/22/15) existing home sales rebounded in September by 4.7% to a SAAR of 5.55M and are now 8.8% higher than a year ago. Dr Yun said “a slight moderation in home prices in some markets and mortgage rates remaining below 4% gave more households the confidence to close on a home last month.”
Monday, November 9, 2015
Demand: Exis1ng Sales
Rick J. Klein 435 647 9055
NAR announced (10/22/15) existing home sales rebounded in September by 4.7% to a SAAR of 5.55M and are now 8.8% higher than a year ago. Dr Yun said “a slight moderation in home prices in some markets and mortgage rates remaining below 4% gave more households the confidence to close on a home last month.” GPC three month rolling average also had a strong September, jumping 10% over September 2014.
Monday, November 9, 2015
Demand: Existing Sales
Rick J. Klein 435 647 9055
NAR and GPC # of Transactions! 7,500,000
As of 9/2015 Source NAR, PCMLS/Compiled by Rick Klein
350.0
300.0
6,500,000
250.0
6,000,000
200.0
5,500,000
150.0
5,000,000
100.0
4,500,000
50.0
4,000,000
0.0
Ja n Ju -00 Ja l-0 n- 0 Ju 01 Ja l-0 n- 1 Ju 02 Ja l-0 n- 2 Ju 03 Ja l-0 n- 3 Ju 04 Ja l-0 n- 4 Ju 05 Ja l-0 n- 5 Ju 06 Ja l-0 n- 6 Ju 07 Ja l-0 n- 7 Ju 08 Ja l-0 n- 8 Ju 09 Ja l-0 n- 9 Ju 10 Ja l-1 n- 0 Ju 11 Ja l-1 n- 1 Ju 12 Ja l-1 n- 2 Ju 13 Ja l-1 n- 3 Ju 14 Ja l-1 n- 4 Ju 15 l-1 5
7,000,000
NAR SAAR Left Axis Monday, November 9, 2015
PC 3 Mo Rolling Avg Right Axis
Jan Ap 07 r-0 Jul 7 Oc 07 tJan 07 Ap 08 r-0 Jul 8 Oc 08 tJan 08 Ap 09 r-0 Jul 9 Oc 09 tJan 09 Ap 10 r-1 Jul 0 Oc 10 t-1 Jan 0 Ap 11 r-1 Jul 1 Oc 11 t-11 Jan Ap 12 r-1 Jul 2 Oc 12 t-1 Jan 2 Ap 13 r-1 Jul 3 Oc 13 tJan 13 Ap 14 r-1 Jul 4 Oc 14 tJan 14 Ap 15 r-1 Jul 5 -15
# of Transactions
Demand: Exis1ng Sales
CO
Monday, November 9, 2015
SF VL
Rick J. Klein 435 647 9055
Closed Sales: Greater Park City Number of Transactions (as of 9/2015)
Source: PCMLS/Compiled by Rick Klein
200
180
160
140
120
100
80
60
40
20
0
Demand: Exis1ng Sales
Rick J. Klein 435 647 9055
Closed Sales: Greater Park City Number of Transactions (as of 9/2015) Source: PCMLS/Compiled by Rick Klein
# of Transactions
Closed sales for August were the highest monthly sales since August 2007.
200 180 160 140 120 100 80 60 40 20
Jan Ap 07 r-0 Jul 7 Oc 07 tJan 07 Ap 08 r-0 Jul 8 Oc 08 tJan 08 Ap 09 r-0 Jul 9 Oc 09 tJan 09 Ap 10 r-1 Jul 0 Oc 10 t-1 Jan 0 Ap 11 r-1 Jul 1 Oc 11 t-11 Jan Ap 12 r-1 Jul 2 Oc 12 t-1 Jan 2 Ap 13 r-1 Jul 3 Oc 13 tJan 13 Ap 14 r-1 Jul 4 Oc 14 tJan 14 Ap 15 r-1 Jul 5 -15
0
CO Monday, November 9, 2015
SF
VL
Rick J. Klein 435 647 9055
Demand: Exis1ng Sales Closed Sales: Greater Park City 1st 9 Months Comparison (as of 9/2015)
1600
Source: PCMLS/Compiled by Rick Klein 1400
# of Transactions
1200
16%
1000 800
33% 600
51% 400 200
Condo Monday, November 9, 2015
Sf
VL
Q3 15
Q3 14
Q3 13
Q3 12
Q3 11
Q3 10
Q3 09
Q3 08
Q3 07
Q3 06
0
Rick J. Klein 435 647 9055
Demand: Exis1ng Sales Closed Sales: Greater Park City 1st 9 Months Comparison (as of 9/2015)
1600
Source: PCMLS/Compiled by Rick Klein 1400
Closed sales for 1st 9 months of 2015 are the highest since 2007. Higher by 10.6% over 2014.
# of Transactions
1200
16%
1000 800
33% 600
51% 400 200
Condo Monday, November 9, 2015
Sf
VL
Q3 15
Q3 14
Q3 13
Q3 12
Q3 11
Q3 10
Q3 09
Q3 08
Q3 07
Q3 06
0
Rick J. Klein 435 647 9055
Demand: Exis1ng Sales Greater Park City Volume 1st 9 Months (as of 9/2015) Source: PCMLS/Compiled by Rick Klein
1,400,000,000
Voume Sold
1,200,000,000
16%
1,000,000,000
800,000,000
56%
600,000,000
400,000,000
35% 200,000,000
Condo Monday, November 9, 2015
SF
VL
Q3 201 5
Q3 201 4
Q3 210 3
Q3 201 2
Q3 201 1
Q3 201 0
Q3 200 9
Q3 200 8
Q3 200 7
0
Rick J. Klein 435 647 9055
Demand: Exis1ng Sales Greater Park City Volume 1st 9 Months (as of 9/2015) Source: PCMLS/Compiled by Rick Klein
1,400,000,000
Volume for SF Homes for first 9 months, best since 2005. Total volume up 15.5% from last year.
Voume Sold
1,200,000,000
16%
1,000,000,000
800,000,000
56%
600,000,000
400,000,000
35% 200,000,000
Condo Monday, November 9, 2015
SF
VL
Q3 201 5
Q3 201 4
Q3 210 3
Q3 201 2
Q3 201 1
Q3 201 0
Q3 200 9
Q3 200 8
Q3 200 7
0
Demand: Existing Sales
Rick J. Klein 435 647 9055
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Demand: Existing Sales
Rick J. Klein 435 647 9055
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Number of sales back to 10/2003 Volume back to 04/2005.
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Supply: Inventory NAR: Total housing inventory at the end of September decreased 2.6% to 2.21M existing homes for sale and is now 3.1% lower than a year ago. Unsold inventory is at a 4.8 month supply.
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Supply: Inventory
Rick J. Klein 435 647 9055
NAR: Total housing inventory at the end of September decreased 2.6% to 2.21M existing homes for sale and is now 3.1% lower than a year ago. Unsold inventory is at a 4.8 month supply. GPC total listings October 1st were 1,096 down 2.6% from the month before and is down 98 listings or 8.2% from last year. The absorption rate is 7.2 months for all properties and 6.1 months for condos and single family.
Monday, November 9, 2015
Supply: Inventory
Rick J. Klein 435 647 9055
Active Listings - Greater Park City 2500
(Inventory as of first of the month) October 1, 2015 Source: PCMLS/Compiled by Rick Klein
1,096 Listings as of 10/1/15 compared to 1,194 as of 10/31/14.
# of listings
2000
1500
1000
500
0 07 -07 -07 -08 -08 -08 -09 -09 -09 -10 -10 -10 -11 -11 -11 -12 -12 -12 -13 -13 -13 -14 -14 -14 -15 -15 -15 n ay ep an ay ep an ay ep an ay ep an ay ep an ay ep an ay ep an ay ep an ay ep a J M S J M S J M S J M S J M S J M S J M S J M S J M S VL Monday, November 9, 2015
SF
CO
Supply
Rick J. Klein 435 647 9055
Absorption Rate (Condo & SF): Greater Park City October 1 2015 65 60 55
(Sales: 3 mo rolling avg.) Source: PC MLS/ Compiled by Rick Klein
Absorption rate at 6.1 months average since 2010: 11.2 months.
50
# of Months
45 40 35 30 25 20 15 10 5
Ja
n A -07 pr Ju 07 l O -07 ct Ja -07 n A -08 pr Ju 08 l O -08 ct Ja -08 nA 09 pr Ju 09 l O -09 ct Ja -09 nA 10 pr Ju 10 l O -10 ct Ja -10 nA 11 pr Ju 11 l O -11 ct Ja -11 n A -12 pr Ju 12 l O -12 ct Ja -12 n A -13 pr Ju 13 l O -13 ct Ja -13 n A -14 pr Ju 14 l O -14 ct Ja -14 n A -15 pr Ju 15 l-1 5
0
Monday, November 9, 2015
Supply: Q3 15 Inventory ChangePer Area /*012*3&4" 7*3,-("$@ :*A&4$'*BC ;*B$$'*D'$@% 5*EFF$'*BC >*GHFI'$ ?*J$'I$ =*K'&@F$+%&' <*K-'L*M$-2&4@ /8*D-"(&"@ //*NO"*K$-L /7*NI1#$'*NF'I".@ /:*012*S-"+,*S2 /;*TIHU-11 /5*KI"$U'&&L />*NOHHI%*K-'L /?*V$'$H( /=*W1$"4I12QN*D'$$L /<*3'-I1@I2$ 7/*K'&H&"%&'( 7:*V&'2-"$11$ W'-"2*3&%-1
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* # of Sales based upon past 12 months Monday, November 9, 2015
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CA !"#$"%&'( )*+,-".$ = />>9?) / 65898) = 6::9:) > 6/;9:) : 898) 5 65898) 7 /8898) 7 6>898) < 5898) 78 6/>9?) / 65898) 8 PB!CQ8R : 67598) 7 /8898) /7 67<9;) /5 /59;) // 6=9:) >: ;>95) : 898) <; //9<) >= 6:=9?) ::> 6=97)
Rick J. Klein 435 647 9055
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Supply: Q3 15 Absorption Rate Per Area 4/5)$/6"7# >/630A#1+ 9/("71B/C' ;/C11B/!B1+, 8/EFF1B/C' ?/GHF*B1 :/I1B*1 =/JB"+F1K,"B D/J0BL/210$"7+ 4@/!0#A"#+ 44/%M#/J10L 4>/%*)N1B/%FB*#-+ 49/5)$/O0#K3/O$ 4;/P*HQ0)) 48/J*#1QB""L 4?/%MHH*,/J0BL 4:/R1B1HA 4=/S)1#7*)$T%/!B11L 4D/6B0*)+*$1 >4/JB"H"#,"BA >9/R"B$0#1))1 SB0#$/6",0)
)*+,*#-+ 88
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* # of Sales based upon past 12 months
Monday, November 9, 2015
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Rick J. Klein 435 647 9055 '( ./+0)1+/ 4> > D > @ 4 > @ 8 4; 9 4 4 @ 44 4@ 44 9: > :4 8; >;=
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Cash Sales NAR: cash sales were 24% of transactions in September up from 22% in August and the same as a year ago. Individual investors purchased 13% of homes last month; 67% of investors paid cash in September
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Cash Sales
Rick J. Klein 435 647 9055
NAR: cash sales were 24% of transactions in September up from 22% in August and the same as a year ago. Individual investors purchased 13% of homes last month; 67% of investors paid cash in September So, with any luck will the percentage of cash financing also decline in Park City?
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Cash Sales Cash Sales History Source: PCMLS/Rick J. Klein
60%
56% 50%
50%
48%
45%
40%
30%
48%
50%
48%
47% 43%
35% 26%
20%
10%
0% 2007
2008
2009
2010
2011
2012 Cash Sales
Monday, November 9, 2015
2013
2014
Q1 15
Q2 15
Q3 15
Rick J. Klein 435 647 9055
Cash Sales Cash Sales History Source: PCMLS/Rick J. Klein
60%
50%
Cash per property type Q2 15 50% CO - 40% SF - 31% 45% VL - 80%
40%
30%
56% 48%
50%
48%
48%
47% 43%
35% 26%
20%
10%
0% 2007
2008
2009
2010
2011
2012 Cash Sales
Monday, November 9, 2015
2013
2014
Q1 15
Q2 15
Q3 15
Rick J. Klein 435 647 9055
Mortgage Rates Rates quoted for a purchase transac>on (as of 11/9/15)
30 Year Fixed
7/1 ARM
4.250%
3.625%
4.305% APR
3.420% APR
High Balance
4.250%
3.875%
($600,300)
4.271% APR
3.513% APR
3.875%
3.375%
Conforming
Non-Conforming
3.901% APR
3.254% APR
Conforming 15 year fixed: 3.500%; APR 3.594%
Monday, November 9, 2015
Home Prices Case Shiller announced (10/27) home price increases of 5.1% annual as of August 2015.
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Home Prices Case Shiller announced (10/27) home price increases of 5.1% annual as of August 2015. FHFA stated (10/23) home prices increased 5.5% for the 12 months ending August 2015 and were up 0.3% from July.
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Home Prices
Rick J. Klein 435 647 9055
Case Shiller announced (10/27) home price increases of 5.1% annual as of August 2015. FHFA stated (10/23) home prices increased 5.5% for the 12 months ending August 2015 and were up 0.3% from July. CoreLogic reported (Sept) home prices increased 6.9% year over year in August. Home prices nationwide remain 8.4% below their peek, which was set in April 2006. Last year’s appreciation rate in Utah was 6.4%.
Monday, November 9, 2015
Home Prices
Rick J. Klein 435 647 9055
Case Shiller announced (10/27) home price increases of 5.1% annual as of August 2015. FHFA stated (10/23) home prices increased 5.5% for the 12 months ending August 2015 and were up 0.3% from July. CoreLogic reported (Sept) home prices increased 6.9% year over year in August. Home prices nationwide remain 8.4% below their peek, which was set in April 2006. Last year’s appreciation rate in Utah was 6.4%. NAR (10/23) stated median existing home price was $221,900; this is a 6.1% increase from September 2014.
Monday, November 9, 2015
Home Prices
Rick J. Klein 435 647 9055
Case Shiller announced (10/27) home price increases of 5.1% annual as of August 2015. FHFA stated (10/23) home prices increased 5.5% for the 12 months ending August 2015 and were up 0.3% from July. CoreLogic reported (Sept) home prices increased 6.9% year over year in August. Home prices nationwide remain 8.4% below their peek, which was set in April 2006. Last year’s appreciation rate in Utah was 6.4%. NAR (10/23) stated median existing home price was $221,900; this is a 6.1% increase from September 2014. GPC 12 month median price for Q3 2015 is $559K and the mean price is $918K. This represents a 7.6% and 7.3% increase respectively over Q3 2014. Monday, November 9, 2015
Home Prices
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Home Prices
Home prices are back to winter 2005 levels.
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Home Prices
Measured from their June/July peaks, the peak-tocurrent decline for both composites is 11% - 13%; since the March 2012 lows, the Composites have recovered 34.4% and 35.7%..
Home prices are back to winter 2005 levels.
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Home Prices
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Home Prices Federal Housing Finance Agency
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Home Prices
Monday, November 9, 2015
Rick J. Klein 435 647 9055
Rick J. Klein 435 647 9055
Home Prices NAR and PC Median Price Trends As of 9/30/2015
$260,000
$800,000
Source: NAR, PCMLS/Rick J. Klein
$240,000
NAR Median
$220,000
$600,000
$200,000
$500,000
$180,000 $400,000
$160,000
$300,000
$140,000
US Median left axis Monday, November 9, 2015
PC Median right axis
15
1/
1/
14
1/
1/
13
1/
1/
12
1/
1/
11 1/
1/
10
1/
1/
09
1/
1/
08
1/
1/
07
1/
1/
06
1/
1/
05
1/
1/
04 1/
1/
1/ 1/
1/ 1/
1/ 1/
1/ 1/
03
$100,000
02
$100,000
01
$200,000
00
$120,000
PC 6 Mo Rolling Avg
$700,000
Homes Prices
Rick J. Klein 435 647 9055
Greater Park City Median Prices 12 month rolling average $800,000
(As of 9/2015) Source PCMLS & Rick J. Klein
$700,000
Median Price
$600,000
$500,000
$400,000
$300,000
$200,000
Ja
n J u -0 1 Ja l-01 nJu 02 Ja l-02 nJu 03 Ja l-03 nJu 04 Ja l-04 nJu 05 Ja l-05 nJu 06 Ja l-06 nJu 07 Ja l-07 n J u -0 8 Ja l-08 nJu 09 Ja l-09 nJu 10 Ja l-10 nJu 11 Ja l-11 nJu 12 Ja l-12 nJu 13 Ja l-13 nJu 14 Ja l-14 nJu 15 l-1 5
$100,000
12 Mo avg Med Price` Monday, November 9, 2015
Homes Prices
Rick J. Klein 435 647 9055
Greater Park City Median Prices 12 month rolling average (As of 9/2015) Source PCMLS & Rick J. Klein
$800,000
$700,000
Median Price
$600,000
Rolling 12 month median increase of 7% over last year.
$500,000
$400,000
$300,000
$200,000
Ja
n J u -0 1 Ja l-01 nJu 02 Ja l-02 nJu 03 Ja l-03 nJu 04 Ja l-04 nJu 05 Ja l-05 nJu 06 Ja l-06 nJu 07 Ja l-07 n J u -0 8 Ja l-08 nJu 09 Ja l-09 nJu 10 Ja l-10 nJu 11 Ja l-11 nJu 12 Ja l-12 nJu 13 Ja l-13 nJu 14 Ja l-14 nJu 15 l-1 5
$100,000
12 Mo avg Med Price` Monday, November 9, 2015
Homes Prices
Rick J. Klein 435 647 9055
Greater Park City Median Prices 12 month rolling average (As of 9/2015) Source PCMLS & Rick J. Klein
$800,000
$700,000
Median Price
$600,000
Rolling 12 month median increase of 7% over last year.
$500,000
$400,000
$300,000
Using the 12 month rolling average; GPC is 23% below April 2008; since the lows at the end of 2011, prices have increased 24%
$200,000
Ja
n J u -0 1 Ja l-01 nJu 02 Ja l-02 nJu 03 Ja l-03 nJu 04 Ja l-04 nJu 05 Ja l-05 nJu 06 Ja l-06 nJu 07 Ja l-07 n J u -0 8 Ja l-08 nJu 09 Ja l-09 nJu 10 Ja l-10 nJu 11 Ja l-11 nJu 12 Ja l-12 nJu 13 Ja l-13 nJu 14 Ja l-14 nJu 15 l-1 5
$100,000
12 Mo avg Med Price` Monday, November 9, 2015
Homes Prices By Neighborhood
Rick J. Klein 435 647 9055
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625333 445
4A7533 F6
C4A8
4348
Monday, November 9, 2015
Homes Prices By Neighborhood
Rick J. Klein 435 647 9055
>*$+'()*E+@%=+.-/E+-9+L$()*K-#*--=EM+'<?NH !"##$%& '()*+,-(%& 0123145 6123137
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478
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G48
648
Monday, November 9, 2015
Home Prices
Rick J. Klein 435 647 9055
GPC 12 Month Median Prices As of 9/2015 800000 700000
Median Price
600000
Source: PCMLS/Compiled by Rick Klein
Q3 2015: Up 7.6% over Q3 2014 Up 9.8% over Q3 2013
500000 400000 300000 200000 100000
Q 3
20 Q 00 3 20 Q 01 3 20 Q 02 3 20 Q 03 3 20 Q 04 3 20 Q 05 3 20 Q 06 3 20 Q 07 3 20 Q 08 3 20 Q 09 3 20 Q 10 3 20 Q 11 3 20 Q 12 3 20 Q 13 3 20 Q 14 3 20 15
0
Median Price Monday, November 9, 2015
Home Prices
Rick J. Klein 435 647 9055
GPC 12 Month Average Prices As of 9/2015 1200000
1000000
Source: PCMLS/Compiled by Rick Klein
Q3 2015: Up 7.3% over Q3 2014 Up 10% over Q3 2013
Avg price
800000
600000
400000
200000
Q 3
20 Q 00 3 20 Q 01 3 20 Q 02 3 20 Q 03 3 20 Q 04 3 20 Q 05 3 20 Q 06 3 20 Q 07 3 20 Q 08 3 20 Q 09 3 20 Q 10 3 20 Q 11 3 20 Q 12 3 20 Q 13 3 20 Q 14 3 20 15
0
Average Price Monday, November 9, 2015
Home Prices by Segment
Rick J. Klein 435 647 9055
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Home Prices by Segment
Rick J. Klein 435 647 9055
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Average Price 9/14 to 9/15 up 19% Median Price 9/14 to 9/15 up 20% # of Transaction 9/14 to 9/15 up 7%
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Home Prices by Segment
Rick J. Klein 435 647 9055
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Average Price 9/14 to 9/15 down 0.9% Median Price 9/14 to 9/15 up 1.1% # of Transaction 9/14 to 9/15 up 14.4%
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Home Prices by Segment
Rick J. Klein 435 647 9055
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Average Price 9/14 to 9/15 up 14.4% Median Price 9/14 to 9/15 up 6.8% # of Transaction 9/14 to 9/15 up 27.7%
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Rick J. Klein 435 647 9055
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In Summary
Rick J. Klein 435 647 9055
Demand remains strong. YTD closed sales through Q3 are 10% higher than last year.
Monday, November 9, 2015
In Summary
Rick J. Klein 435 647 9055
Demand remains strong. YTD closed sales through Q3 are 10% higher than last year. Inventory remains low with about 100 listings less than this time last year. Supply tends to fall further in Q4. Find your buyers a property that works for them now.
Monday, November 9, 2015
In Summary
Rick J. Klein 435 647 9055
Demand remains strong. YTD closed sales through Q3 are 10% higher than last year. Inventory remains low with about 100 listings less than this time last year. Supply tends to fall further in Q4. Find your buyers a property that works for them now. Median prices for GPC are up an impressive 7% over Q3 2014. Yet, price appreciation varies considerably per market segment. A tale of two zip codes? Are the lines being blurred?
Monday, November 9, 2015
In Summary
Rick J. Klein 435 647 9055
Demand remains strong. YTD closed sales through Q3 are 10% higher than last year. Inventory remains low with about 100 listings less than this time last year. Supply tends to fall further in Q4. Find your buyers a property that works for them now. Median prices for GPC are up an impressive 7% over Q3 2014. Yet, price appreciation varies considerably per market segment. A tale of two zip codes? Are the lines being blurred? GPC is highly segmented and extremely dynamic. Consumers need informed and professional agents.
Monday, November 9, 2015
In Summary
Rick J. Klein 435 647 9055
Demand remains strong. YTD closed sales through Q3 are 10% higher than last year. Inventory remains low with about 100 listings less than this time last year. Supply tends to fall further in Q4. Find your buyers a property that works for them now. Median prices for GPC are up an impressive 7% over Q3 2014. Yet, price appreciation varies considerably per market segment. A tale of two zip codes? Are the lines being blurred? GPC is highly segmented and extremely dynamic. Consumers need informed and professional agents. Rates are great and we have double the number of cash sales than national stats. Help!
Monday, November 9, 2015