Homes And People

Nearly four out of five home buyers worked with a real estate agent to purchase a home. When searching for a home, the most desired features were central air conditioning, an oversized garage, a walk-in closet, and a backyard or play area. The most desired rooms/spaces were garages, living rooms and laundry rooms. Repeat buyers placed more importance than first-time buyers on almost all home features. Over 90 percent of recent home buyers thought energy efficiency was an important consideration when searching for a home to purchase.

The typical home buyer for the United States and the West region have something in common, the average age is 39 years old. The highest percentage of buyers in the U.S. is in the 25-34 year range. See the chart below about buyers who purchased a home in 2007 AGE All Buyers The West Including Colorado 18-24 5% 5% 25-34 30% 31% 35-44 24% 25% 45-54 19% 18% 55-64 15% 13% 65-74 5% 6% 75 + 2% 2% Median Age 39 Y.O. 39 Y.O. Information Provided by the National Association of Realtors in 2007

7 residential closings up 700% over the same period in 2007. Absorption Rate is ok at 9.0 months. Its not possible to determine any kind of trend since the first three months of 2007 only saw one sale. but it is very encouraging that the sales are off the roof during the same period in 08. Also checkout the average sales price. Jan - March 2007 Jan - March 2008 % Change # of sales closed 1 7 700% # of sales Closed - YTD 1 7 700% Avg Days on Market 229 136 -59% # of Active Listings - 21 - Absorption Rate (months) - 9.0 - Average $ per SqFt 105 148 141% Average Price (Sold) 406,800 622,314 153% Click here for active homes for sale in Piney Creek Absorption Rate Definition Disclaimer - the information and commentary provided in this Blog are opinions of Homes And People and should be used for informational purposes only. All sales data is from the MLS and the information is deemed reliable but not guaranteed.

The rate at which a market can absorb additional units of supply without causing market saturation and severe price distortions. For example, during a recessionary period, many homeowners may list their house for sale. Since the supply of homes entering the home resale market increased without a corresponding increase in demand, the market absorption rate has been exceeded, and the market price of the resale homes declines. A simple definition is the number of months it takes to sell the current inventory at the present rate of sales.

4 residential closings up 400% over 2007. Absorption Rate is ok at 8.25 months. It not possible to determine any kind of trend since the first three months of 2007 only saw one sale. but it is very encouraging that the sales quadrupled during the same period in 08. Jan - March 2007 Jan - March 2008 % Change # of sales closed 1 4 400% # of sales Closed - YTD 1 4 400% Avg Days on Market 4 105 2625% # of Active Listings - 11 - Absorption Rate (months) - 8.25 - Average $ per SqFt 246 223 -9.34% Average Price (Sold) 960,000 745,683 -22.32% Click here for active homes for sale in Heritage Greens Absorption Rate Definition - the rate at which a market can absorb additional units of supply without causing market saturation and severe price distortions. For example, during a recessionary period, many homeowners may list their house for sale. Since the supply of homes entering the home resale market increased without a corresponding increase in demand, the market absorption rate has been exce...

Sunscreen comes in more varieties than Heinz sauce’s. How is one to navigate the aisles and aisles of different choices and pick the right sunscreen? This quick article will help you understand UV light, sunscreen ingredients and labeling so you will be able to make the right choice for you and your family members in any sunny situation. About UV Light To understand sunscreens first you must understand a little about the light they are designed to filter. UV or ultraviolet light is a very short and high energy electromagnetic wave that is produced by the sun. UV light can cause changes in DNA over time leading to collagen breakdown, sun spots and cancer. Three different UV rays make it to our planet: A, B and C. UVC rays are the shortest (100-280nm) and do not affect us much because they are mostly absorbed by the upper atmosphere. UVB rays are medium size (280-315nm) and UVA rays are the longest (315-400nm). Ordinary window glass passes about 90% of the light above 350 nm (UVA), but b...

4Th of July Parade @ Willow Creek Denver Metrolist MLS MAP The crabapple trees are blooming in Colorado 04/2008

The Critical Role of the Realtor® in the Real Estate Transaction Why Was This List Prepared? Surveys show that many homeowners and homebuyers are not aware of the true value a REALTOR® provides during the course of a real estate transaction. At the same time, regrettably, REALTORS® have generally assumed that the expertise, professional knowledge and just plain hard work that go into bringing about a successful transaction were understood and appreciated. Many of the most important services and steps are performed behind the scenes by either the REALTOR® or the brokerage staff and traditionally have been viewed simply as part of their professional responsibilities to the client. But, without them, the transaction could be placed in jeopardy. This publication seeks to close that gap. Listed on the following pages are nearly 200 typical actions, research steps, processes and review stages necessary for a successful residential real estate transaction and normally provided by a full servi...

11 residential closings up 57% over 2007. Absorption Rate is good at 5.72 months, and the best news is the increase in $/SqFt by 9% This list has all subdivisions in the Willow Creek including Willow Creek, Willow Creek II, Willow Creek III, Townhouses and Cluster homes. Jan - March 2007 Jan - March 2008 % Change # of sales closed 7 11 57% # of sales Closed - YTD 7 11 57% Avg Days on Market 182 98 -53% # of Active Listings - 21 - Absorption Rate (months) - 5.72 - Average $ per SqFt 155 169 9% Average Price (Sold) 374,365 331,091 -11% Click here for active homes for sale in Willow Creek Absorption Rate Definition - the rate at which a market can absorb additional units of supply without causing market saturation and severe price distortions. For example, during a recessionary period, many homeowners may list their house for sale. Since the supply of homes entering the home resale market increased without a corresponding increase in demand, the market absorption rate has been exceeded, ...