remax market report june 2015
DESCRIPTION
Current Los Alamos County real estate market trends brought to you by RE/MAX of Los Alamos.TRANSCRIPT
-
RE/MAX of Los Alamos
Los Alamos County Real Estate Report
June 2015
Compliments of RE/MAX of Los Alamos
Includes data from the Santa Fe Association of Realtors MLS. The SFAR MLS does not guarantee nor is
in any way responsible for its accuracy. Data may not reflect all real estate activity in the area.
-
Compliments of RE/MAX of Los Alamos - July 13, 2015
Includes data from the Santa Fe Association of Realtors MLS. The SFAR MLS does not guarantee nor is in any way responsible for its accuracy. Data may not reflect all real estate activity in the area.
NUMBER OF HOMES SOLD PER MONTH
Please note the seasonal fluctuations - usually peaks in summer, valleys in winter.
Home sales in 2012 were unusually low. We attribute this to market paralysis that often occurs in election years, and in the case of 2012, the added uncertainty of the
LANL VSP (Voluntary Separation Program).
22
19 19
13 13 13 14 16
14 14
20 20
15
30
23 22 21
15 15
8
17
26
16
20 20
23
30
33
21
24
15 16 16 18
22 24
37
0
5
10
15
20
25
30
35
40
Jun
-12
Ju
l-1
2
Au
g-1
2
Sep
-12
O
ct-1
2
No
v-1
2
Dec
-12
Ja
n-1
3
Feb
-13
M
ar-1
3
Ap
r-1
3
May
-13
Ju
n-1
3
Jul-
13
A
ug-
13
Se
p-1
3
Oct
-13
N
ov-
13
D
ec-1
3
Jan
-14
Fe
b-1
4
Mar
-14
A
pr-
14
M
ay-1
4
Jun
-14
Ju
l-1
4
Au
g-1
4
Sep
-14
O
ct-1
4
No
v-1
4
Dec
-14
Ja
n-1
5
Feb
-15
M
ar-1
5
Ap
r-1
5
May
-15
Ju
n-1
5
-
Compliments of RE/MAX of Los Alamos - July 13, 2015
Includes data from the Santa Fe Association of Realtors MLS. The SFAR MLS does not guarantee nor is in any way responsible for its accuracy. Data may not reflect all real estate activity in the area.
MEDIAN AND AVERAGE HOME SALE PRICE TRENDS
$278,5
00
$305,5
00
$289,7
50
$250,0
00
$240,0
00
$252,0
00
$270,0
00
$250,5
00
$249,0
00
$228,4
25
$226,9
00
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
(1
43
h
om
es
so
ld)
Median Sale Price
$342,0
54
$317,2
88
$285,4
40
$267,2
47
$289,3
77
$285,3
07
$280,6
25
$269,7
27
$259,1
96
$244,9
01
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
(1
43
h
om
es
so
ld)
Average Sale Price
-
Compliments of RE/MAX of Los Alamos - July 13, 2015
Includes data from the Santa Fe Association of Realtors MLS. The SFAR MLS does not guarantee nor is in any way responsible for its accuracy. Data may not reflect all real estate activity in the area.
SALE PRICE RATIOS
(3-MONTH MOVING AVERAGES)
These graphs look at the ratios of sold price to original asking price, and sold price to current
asking price. Note that sale vs. current ratios are much higher than sale vs. original ratios.
Heres why:
When a home is priced properly, sellers can expect a sale price close to 95% of the current asking price.
The original and current asking price of a home may be identical; meaning the seller never has to reduce their original asking price in order to attract a buyer.
However, when sellers overprice their homes, they will often have to reduce the original asking price over time before they attract a buyer.
84%
88%
92%
96%
100%
Jun
-13
Jul-
13
Au
g-1
3
Sep
-13
Oct
-13
No
v-1
3
Dec
-13
Jan
-14
Feb
-14
Mar
-14
Ap
r-1
4
May
-14
Jun
-14
Jul-
14
Au
g-1
4
Sep
-14
Oct
-14
No
v-1
4
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5
May
-15
Jun
-15
Sale Price to Original Price Ratios
92%
94%
96%
98%
100%
Jun
-13
Jul-
13
Au
g-1
3
Sep
-13
Oct
-13
No
v-1
3
Dec
-13
Jan
-14
Feb
-14
Mar
-14
Ap
r-1
4
May
-14
Jun
-14
Jul-
14
Au
g-1
4
Sep
-14
Oct
-14
No
v-1
4
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5
May
-15
Jun
-15
Sale Price to Current Asking Price Ratios