At the end of each week I like to do what I call a “Geo Market Analysis”. What this is, is that I review what has happened within specific market places. I check the number of new listings to new sales, the average list price, the average days on market for all recent sales, the average sales price for all recent sales, and the percentage between active list price and sales price. All the data collected is then placed into a table, which automatically populates into a chart. The chart helps me to see what the market is doing over a specific period of time – be it weekly or monthly.
Every Friday morning the three areas I research are Anderson, Cottonwood, and the entire Shasta Multiple Listing Service. The reason behind me also researching the entire database for the Shasta Multiple Listing Service, is that I am able to see how Anderson and Cottonwood are performing compared to the overall market.
Now, this leads me up to the reason I have written this post. I want to be able to share with you my findings, this way you are also able to get a feel for what is going on within your local market place. At the end of every week I will post for you a copy of the graphs, there will be a total of five graphs for each week. At the end of the month, I will be posting a total of ten graphs. Ten graphs you say, that is a lot – and yes I realize that, but I want you to be able to not only see how the market is transgressing throughout the month, but also through out the year. So, at the end of the month I will also be posting the monthly graphs along with the weekly graphs, in the hopes of giving you a “grander” picture of how our market is progressing over time.
Each graph I will be posting falls under its own specific category: Ratio of New Listings to New Sales (this is the current ratio of new listings that have come onto the market compared to the most recent number of sales within the specified market place – by dividing the smaller number by the larger number); Average List Price (this is the average list price of all active listings currently within that specified market place); Average Market Time for Recent Sales (this is the average days on the market for the most recent sales within the specified market place); Average Sales Price (this is the average sales price for the most recent sales within the specified market place); and Percentage Difference of Average List Price and Average Sales Price (this is the percentage figured by dividing the smaller number into the larger number of the average list price of active listings and the average sales price of the most recent sales).
Now that this long winding explanation is done, the first posting of these graphs will be this Friday. Since we are already so far into the month, you will see three weeks already mapped out for you – which means that next week will be the posting of the ten graphs. Enjoy the information being presented and if you have any questions (or recommendations) please do not hesitate, I always love hearing from you.