Welcome to the Collins Group Realty April Market Update
Last Updated May 26th, 2011
Happy Memorial Day!
Recognizing the heroic efforts and sacrifices that our armed services have made throughout history (and, of course, continue to make on an on-going basis) is nothing short of humbling. Quite simply, I am both Proud and Grateful.
I appreciate your interest in local real estate, and I am always proud to present to you current data on what is taking place day-in and day-out. To that end, I hope you find this month’s installment of The Collins Group Realty Market Pulse interesting and informative.
Just a brief narrative: While April saw a slip in Pending Sales, the year-over-year figures are still over 17% above a year ago. Meanwhile, the number of new listings coming on the market is down by double-digits from the same time in 2010. The combination of these two statistics results in very positive news for our marketplace. We’ve got a ways to go before we return to a seller’s market, but if current trending continues it is simply a matter of time (i.e., WHEN, not if). The Median Sales Price is on the rise, which is terrific…and the Sales Price/List Price ratio is holding pretty steady. In short: Things are looking up!
Have a safe and enjoyable holiday…and don’t hesitate to let any of us know how/when we can be of assistance!
All my best-
Chip Collins, Broker/Owner
Proud grandson of the late William Howes Collins (4/27/1908-6/6/1985), Captain – US Navy
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