The final stats for 2011 have all been updated and the verdict is in…It was a good year! (The attachments are at the bottom of this post).
I had to go back and update all the monthly totals to reflect the scrubbed data feeds from IRES and MetroList. You will notice that the 53 sales from December plus the reported YTD numbers from November don’t add up to the total given. It’s an oddity of the systems that I have been dealing with for years. These are the final numbers for 2011 and they won’t be revised again.
As I was doing some of my own data scrubbing this morning I came across a few interesting tidbits that I’d like to share.
– One $1M+ home sold in December 2011 for a total of 2 $1M+ homes sold in Longmont in 2011 – both in the 4th quarter of the year. There was only 1 that sold in Longmont for $1M in both 2010 and 2009.
– There was a $430K condo that sold in Prospect in December…it was only on the market for 4 days.
– 7.7% of all single family homes sold in Longmont were ONLY listed in MetroList. The more expensive the home, the more likely it was listed in both IRES and MetroList.
– The Firestone, Frederick and Dacono area has the highest percentage of properties listed only in MetroList with 23.5%.
– Of the current total inventory in the four areas covered by this report (875 total listings), there are 144 or 16.5% under contract (A/B).
As you look through the full year stats for all four areas, please remember the fuel that was added to the market with the first-time homebuyer’s tax credit. Of the four areas in this report, two exceeded last years’ sales totals and the other two came up short by a total of 37 units! There are a couple of other interesting small items in the report, so take a look and tell me what you see.
If you recall my declaration of outright optimism for this market back in July, I think these year-end results are another indicator of a solidly recovering market. Another positive indicator is in my previous post that actually had Ft. Myers Beach as an area of increasing values. And I read today where someone said that Phoenix might have reached their bottom. Those were two of the three absolute worst markets in the U.S. (Las Vegas being the 3rd) and if they are nearing some kind of recovery, the rest of us have to be having some success.
I trust everyone had a happy and safe Christmas and New Year. Now it’s time to get back to work to figure out how we are all going to take advantage of this upcoming recovery. What is your plan? Think about it and let me know if you would like some assistance in putting together a plan. I love that kind of thing…I guess it’s because I love my job.
I hope to see you around town soon.