Monday July 24, 2017
First American Title's
Executive Summary
PARKER, CO
Condos - Townhomes
This Week
Real-Time Market Profile
Median List Price
Asking Price Per Square Foot
Average Days on Market (DOM)
Percent of Properties with Price Decrease
Percent Relisted (reset DOM)
Percent Flip (price increased)
Median House Size (sq ft)
Median Number of Bedrooms
Median Number of Bathrooms
The median list price in PARKER, CO this week is $350,000.
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these
are mildly positive indications for the market.
Market Action Index
Supply and Demand
The market has been cooling over time and prices plateaued for a
while. Despite the consistent decrease in MAI, we're in the Seller's
zone. Watch for changes in MAI. If the MAI resumes it's climb, prices
will likely follow suit. If the MAI drops consistently or falls into the
Buyer's zone, watch for downward pressure on prices.
±+
No change
Trend
$ 350,000
$ 218
48
10 %
4%
10 %
1600
2.0
2.0
±+
±+
==
66.7
≠≠
Strong Seller's
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market appears to be hovering around these current levels,
though prices movved up a bit this week. The Market Action
Index is a good leading indicator for the durability of this shift.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Square Feet
Beds
Baths
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Age Inventory New Absorbed DOM
Top/First
$ 383,900
1800
2.0
1.8
0
12
0
0
66
Most expensive 25% of properties
Upper/Second
$ 350,000
1600
0.0
0.0
0
12
0
0
56
Upper-middle 25% of properties
Lower/Third
$ 275,000
1262
2.5
2.0
0
13
1
4
50
Lower-middle 25% of properties
Bottom/Fourth
$ 250,000
1164
2.0
1.8
0
13
4
6
23
Least expensive 25% of properties
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