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Candices Weekly Housing Market Update Parker

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Contributed by: Candice Ensign Remax Southeast on 7/14/2008

PARKERS WEEKLY HOUSING MARKET UPDATE

Sunday July 13, 2008

Median List Price THIS WEEK $ 422,000
Average Days on Market 129
Asking Price per Square Foot $ 146
Percent of Properties with Price Decrease 49 %
Percent Relisted (reset DOM) 26 %
Percent Flip (price increased) 3 %

The median single family home Price in PARKER this week is
$422,000.
Market Action Index* Cold! Buyer's 16
Median Number of Bedrooms 4
Median Number of Bathrooms 4
Median House Size (sq ft) 3,175
Median Lot Size .25 - .50 acre

With inventory trending up but days-on-market trending down and
the Market Action Index essentially flat recently, conditions don't seem
to have strong up or down pull.

* see below for details on the Market Action Index
PRICE

This week prices continued to pull back from recent highs. The Market
Action Index is a good leading indicator for the durability of this
trend.

The Market Action Index answers the question "How's the Market?" By measuring the SUPPLY AND DEMAND current rate of sale versus the amount of the inventory.

Local conditions are currently quite strongly in the Buyer's Market zone
(below 30). The 90-day Market Action Index stands at 16. With
several months of inventory available at the current sales rate,
buyers should find ample choice.

Index above 30 implies Seller's Market conditions. Below 30, conditions favor the
buyer.

QUARTILES
Investigate the market in quartiles-where each quartile is 25% of the homes

Most expensive 25% of homes

Med Price $ 1,124,500
Med sq ft 5,200
Med lot size 1.0 - 2.5 acres
Bed 5.0
Bath 5.0
Med age 7
Inventory 230
New 11
Absorbed 8
Avg Days on market 173

Upper-middle 25% of homes

Med Price $ 518,500
Med sq ft 3,781
Med Lot Size 0.25 - 0.50 acre
Bed 4.0
Bath 4.0
Med Age 7
Inventory 231
New 7
Absorbed 15
Avg Days on Market 128

Lower-middle 25% of homes
Med Price $360,000
Med sq ft 2,831
Med Lot Size 6,510 to 8,000 sq ft
Bed 4.0
Bath 3.0
Med Age 9
Inventory 231
New 22
Absorbed 17
Avg Days on Market 116

Least expensive 25% of homes

Med Price $250,000
Med sq ft 1,878
Med Lot Size 4501 to 6000 sq ft
Bed 3.0
Bath 3.0
Med Age 11
Inventory 231
New 24
Absorbed 18
Avg Days on Market 97

Candice Ensign | Remax Southeast Inc. | www.soldbycandice.net
303.517.5856

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CONTRIBUTOR INFORMATION

Candice Ensign Remax Southeast

Denver , CO

Candice Ensign Remax Southeast has posted 6 stories and 0 comments since joining on 6/27/2008. Candice Ensign Remax Southeast's average story rating is 4.67.

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