| |
market data: Are You Ready for the Data Dance? - 03/21/11 05:17 PM
So is everyone getting ready for the data dance? What is the data dance you ask? Well, it’s becoming one of the largest spectator sports this side of property lot lines. It’s the monthly, quarterly, semi-annual, annual display of data points and trend lines put forth by just about every known real estate related player in today’s market.
There are plenty of players from the National Association of Realtors, to local Realtor boards to the American Association of Homebuilders, Zillow, Trulia, RealtyTrac, Foreclosurethis.com, Foreclosurethat.com, itsashortsale.com, noitsnot.com, and dozens and dozens of others telling us the market is falling, no it’s improving, … (0 comments)
|
market data: Farmington Real Estate Update - Through November 2010 - 12/10/10 10:23 AM
Well with just a few weeks left before the end of the year, here is my real estate Inventory Summary for Farmington through the end of November. There are a couple of interesting data elements that, eleven months into the year, may surprise some who haven’t followed the market throughout the year.
Of note is the fact that listing activity is up over 30% from the year before and will likely end the year well above 2009 levels. With all the talk about "shadow inventory" levels and the down market, the data suggesta sellers were willing to put their homes on … (0 comments)
|
market data: Is Average Meaningless? - 11/19/10 09:53 AM
I had an interesting conversation earlier this week with a past purchase client about average home prices. This is a typical conversation I, and many in the real estate industry have, on a regular basis as everyone wants to know what current market conditions are and their impact on people’s property values. As a confirmed and dedicated data geek by nature (but try not to be a buzz kill at parties) my response to that question is generally along the lines of “do you want to know based on your city, zip code, neighborhood, or street? The reason being is each … (4 comments)
|
market data: Farmington Inventory Update - August 2010 - 09/07/10 05:36 PM
I just finished my Farmington (and Davis County) inventory summary for the year to date period ending on August 31st. You can click on the picture to the right to see the full report. Overall, the data continues to identify the same trend lines we have seen for the past several months. After the expiration of the first time homebuyer tax credit, the market has slowed to a pace matching the activity levels of last year. Because of the impact of the tax credit in the first four months of the year, year over year sales continue to run at nearly … (0 comments)
|
market data: A $4 Trillion (yes a "T") Hangover - 07/20/10 11:53 AM
As many of my clients and friends know, I am a data geek. So be prepared for what is about to follow (and for those of you with insomnia – I may have found your cure).
There was an article/analysis done by Dhaval Joshi, chief strategist for London based hedge fund RAB Capital. I found it referenced in Barry Ritholtz’s blog article on July 15. WARNING: lots of data to digest in the linked article. Granted, I am generally suspect of data analysis put forth by hedge funds (there always seems to be an ulterior motive) but in this case, the … (0 comments)
|
market data: The Dark Side of the Information Age - 06/28/10 04:49 PM
In our industry, we are constantly barraged with information, statistics, data sets, and the like and it can be a chore to work through the seemingly unending torrent of information that comes at us. The "Information Age" was supposed to make us all smarter, better informed, and more educated in our decision making process.
However, the issue with this concept is that it assumed the information we were to have at our fingertips would be quality information. Unfortunately, with the 24/7 news cycle, the internet, blogs outnumbering people (OK, bit of an exaggeration there), wiki-this & wiki-that, and all of the … (2 comments)
|
market data: Farmington Real Estate Market Update - April, 2010 - 06/23/10 11:31 PM
With the expiration of the home buyer tax credit, I thought this would be a good time to establish a base line report for reference later in the year in terms of market activity. For the first four months of the year, the activity levels in Farmington have been a mixed bag. Listing activity is in line with the same period last year while sales activity is up significantly over last year (impact of the tax credit).
In spite of the increase in the sales activity, average and median sale prices are down considerably from the same four month period last … (1 comments)
|
market data: Farmington Real Estate 2009 Market Update - 06/23/10 11:17 PM
You have likely heard all sorts of conflicting reports about the current state of our real estate market. It is true the local real estate market in 2009 continued its adjustment process begun in early 2008. Rather than trying to address the various media reports you may have heard, I prefer to just look at the data and see what the data reveals about local real estate activity in Farmington over the past year. Click on the thumbnail to see a copy of the full report for calendar year 2009.
One thing that stands out is the clear impact the federal … (1 comments)
|
market data: Are we there yet? - 05/07/09 01:58 PM
There is a lot of discussion amongst the real estate community, the banking community, consumers, and the media as to whether or not the real estate market has or will soon hit the bottom. If you think this particular blog post will answer that question, you will be sorely disappointed. However, I hope to potentially shed some light on what is really a very difficult and fluid concept
To that end, I've tried to identify what a non-bubble market would look like in terms of average price points. In our local market, data indicates that our bubble began to manifest itself … (0 comments)
|
market data: Layton Market Snapshot - 05/04/09 06:15 PM
Here is the updated Layton market snapshot report for the most recent quarter. We are starting to distance ourselves from the frozen credit markets we experienced in the fourth quarter of 2008 and after the first of the year. However, the local real estate market is still a bit sluggish.
We are now starting to report more significant price point impacts as sellers are forced to adjust their pricing in order to obtain offers. As I mentioned in my fourth quarter report, the impact of elevated inventory levels and the increase in distressed properties (e.g. short sales, foreclosures) is being felt … (0 comments)
|
market data: Farmington Utah Market Snapshot - First Quarter - 04/29/09 02:58 PM
Well we finished a rather interesting first quarter (how’s that for a euphemism?). My current Farmington market snapshot report for the most recent quarter is included for your review. We are starting to distance ourselves from the frozen credit markets and corresponding near screeching halt in the realty market experienced in the fourth quarter of 2008 and after the first of the year. However, the local real estate market is still a bit sluggish.
As I mentioned in my fourth quarter report, the impact of elevated inventory levels and the increase in distressed properties (e.g. short sales, foreclosures) is being … (0 comments)
|
market data: Short Sale Impact – Has It Been Felt Yet? - 03/20/09 04:19 PM
As I was doing some research for a potential listing client, I identified some interesting trends in the data I was compiling causing me to rethink the conventional wisdom related to short sale and REO (bank foreclosure) activity. Conventional thinking suggests the declining home prices are a result of increased short sale and bank foreclosure activity. However, at least in our local market here along the Wasatch Front, I am not sure we have seen the full impact of these distressed properties on the market.
Reviewing the data for both Davis and Salt Lake counties, I noticed that, as it relates … (0 comments)
|
market data: Supply vs. Demand - Old School or Current Explanation - 02/10/09 08:07 PM
So in the current real estate market place with unemployment increasing, interest rates fluctuating, stimulus packages being debated (and apparently passed in the Senate today), the banking system collapsing, and an overall the "sky is falling" mentality, do simple economic principles still help explain what's going on? In a word: yes.
We've all heard and used the expression supply versus demand. It's interesting in our industry as we embrace the Internet, statistical metrics, buyer & seller behavior patterns, home staging expertise, and any number of other factors to explain what's occurring in our markets when the simplest answer may be the … (0 comments)
|
market data: Davis County & Farmington UT Market Update - 02/02/09 02:56 PM
Clearly, 2008 is going to be noted as a "transitional" year for any number of reasons relating to economics, politics and international actions. Those of you who know me, understand that I am clearly not as qualified as the talking heads on television and radio to discuss the political and international market issues which developed in 2008 (although that doesn’t stop me from trying).
However, I can provide some insight and overview as to the economic implications for our local real estate market. If you would like to see the actual data reports I reference in this article, follow this link … (0 comments)
|
market data: Is there a cost to waiting for the so-called “bottom?” - 01/28/09 02:18 PM
As I’ve worked with buyers over the last six months of the current economic “crisis,” I am regularly asked if the market has reached “bottom?” My response is generally in the form of an observation, that you don't know the bottom of any market (whether it be the real estate market, the stock market, or a commodities market) until prices begin to trend upward. Then you can look back with confidence and say “Oh, that was the bottom.”
Now of course there are, depending on who you talk to, some potential leading indicators as to where market begins to shift. In … (0 comments)
|
market data: Farmington Utah Market Snapshot - Third Quarter - 11/10/08 03:30 PM
Who would’ve thought since my last market update we would have seen the complete meltdown of the American economic system? OK, perhaps a slight overstatement but when Alan Greenspan uses the term “credit tsunami” it certainly perks people’s interest. Overall, as you’ve read, heard and seen, the housing market throughout the United States has hit some rough water. Not only are inventory levels up but the credit markets have tightened to the point of choking off a good deal of the buyer demand. The good news is the Utah market, to date, is handling the crisis a bit better than many … (0 comments)
|
|
|
|
|
|
Craig Frazer, Davis & Salt Lake County Real Estate, RE/MAX Metro
Farmington,
UT
More about me…
Address: 110 N. Main Street, Bountiful, UT, 84010
Office Phone: (801) 699-6046
Cell Phone: (801) 699-6046
Email Me
 Listings
Links
Archives
|
;)
;)
;)
