Market Update through August 4, 2007 from Kristan Cole
The residential market is down 27% compared to this same time last year.
That means that 27% fewer homes are selling as compared to last year at this time AND only 45% of all the homes coming on the market since the beginning of the year have sold. The good news is that we (Kristan Cole Team) are selling more homes this year than we did last year (21% more), so at you have the best chance of selling if you are listed with us.
Year to date comparisons from last year same time:
Residential down 27% units/26% volume
Land down 48% units/62% volume
Commercial down 10% units/78%volume
Multi Family down 27% units/42% volume
What percentage of properties that were listed this year has sold?
Residential 45%
Land 22%
Commercial 13%
Multi family 27%
Home many properties are on the market now?
Residential 916
Land 984
Multi family 78
Commercial 75
Average number of days on the market for homes that have sold: 93 days
OUR AVERAGE IS 61 days
The most important advertising we are involved with is on the internet. We know that the newest figures show over 80% (National Association of Realtors statistic) of all buyers start their search and ultimately find their home by using the internet. Our web site is attracting great buyers for our homes and our sellers. Here are some statistics about how powerful our web site is. FACT: 60% of all of our buyers that purchased a home in the month of May came to us from the internet.
Kristan Cole Team WEB SITE TRACKING:
- KristanCole.com
Average page views: per day 1061 and 27,422 per month
Average site visitors: per day 852 and 22,030 per month
- Kristan’s Realtor.com site
Average views per day 1976 and 59,280 per month
- Kristan’s Visual Tours
Average number of times our active tours have been viewed per property 9
Average number of views per week of different properties 395
