February 8, 2008
As part of our weekly market update, please find the weekly Kinder Team Report - Lawton Total Market Overview. We publish this data weekly to provide detailed insight into the inner workings and trends for the real estate marketplace in the Lawton area. Are you ready to get Outside The Box With Jay Kinder?? Join us Sunday mornings at 9am on KLAW for the hottest new show that features the topics you want to know about! Jay will touch on current issues in the marketplace and what they mean to you. Jay will also visit with people who are movers and shakers in our area every other week on the show. He loves to see and meet people who think "outside the box" to help others and our community. So tune in this Sunday from 9:00am to 9:30am for Outside the Box with Jay Kinder. If you happen to miss any of the weekly shows, do not worry, check out www.outsidetheboxwithjaykinder.com later in the week to listen to it as many times as you like! So make sure to get Outside The Box this Sunday on KLAW! Here is this weeks update of Real Estate in the Lawton Area: (the definition of each category is explained below) |
Last week in our meeting, we shared an awesome video with our Team about always giving your absolute best! The New York Giants sure gave their best! This clip is from a really good movie that is worth watching. If this clip will not motivate you then I do not know what will! Share it with your family, friends and coworkers and let's see if we can face each day by giving it all we have! Check it out...Facing the Giants If you or someone you know is interested in becoming a Real Estate Professional, check out www.SuccessWithJayKinder.com and join us for our FREE LIVE Events. Find out to Jump Start Your Real Estate Career for FREE! If you are a Licensed Producing Realtor check out how you could receive up to $10,000 in Cash Rewards! |
The Kinder Team Report - Lawton Total Market Overview Report Definitions
Active Listings: Active listings in Paragon (MLS).
Pendings: Listings which have received an acceptable offer from a buyer and are on the way to closing.
Pending Ratio: Pendings / Active Listings (by price range)
Expired Listings: Listings which have been ‘rejected by the market' in the past six months. This is a rolling six-month (we calculate by going back 180 days from the date of the report) set of listings which were listed for sale and ‘rejected' by the market and the sellers decided to pull or withdraw them and take them off the market.
Closings: These are homes which were listed for sale, received an offer and closed with a new buyer. This is a six-month rolling total (180 days back) of all homes sold.
Sold/Mo: Number of houses sold over a six months (180 day period) / 6
Months Inventory: Active Listings divided by Sold/Month. Note: Although many months of listings show for any price range, the average days on the market is normally significantly lower. This is due to the fact that there are normally a substantial amount of homes that are mis-priced or grossly overpriced. Days on Market is driven by the homes that actually sell vs. Months of Inventory.
Average List / Sold Price: These are the averages for all homes that have sold in the past 180 days. MLS Data calculated for the average list and sales price for every home sold in the respective price range.
List to Sales Ratio: Average List Price / Average Sales Price
Days on Mkt.: Average days the homes in the price range that sold over the 180 day period
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