Demographic Data of Buyers & Sellers Explored at Joint Event
Nearly a hundred and fifty attendees were in attendance at the newly renovated Lincoln Center for a combined FCBR and CSU Everitt Real Estate Center event on April 3rd to hear from Jessica Lautz, NAR's Research Manager, as she highlighted some of the results from NAR's 2011 Home Buyers & Sellers Profile.
Dr. Martin Shield, a CSU Economist, followed up the national data by sharing some local data. Shields mostly posed questions to the audience including one that was a follow up to the data showing an increase in investment properties. The basis of his question was whether or not the local market is poised to overbuild student housing in the next few years.
Both presentations feature questions from the audience and by all accounts everyone was very impressed by the amount and types of data shared at this combined CSU & FCBR event.
NAR surveys home buyers and sellers each year to get more information on their buying and selling experiences. This year's report shows trends that have not been seen in the last 10 years as tighter credit standards are changing who purchases homes, who sells homes, and how homes are financed. Get more information on the needs and expectations of your potential clients as well as your role in home sales transactions.
37% of recent home buyers were first-time buyers, a drop from 50% in 2010.
The typical home purchased was 1,900 square feet, built in 1993, and had three bedrooms and two bathrooms.
41% of buyers and 39% of sellers found their agent through a referral from a friend or family member.
About half of home sellers traded up to a larger-sized and higher-priced home.
Recent sellers typically sold their homes for 95% of the listing price, and 61% reported they reduced the asking price at least once.
Clint Skutchan is has been the Executive for FCBR since 2008. Prior to joining the REALTOR® association he ran a Medical Society and was a local talk show host for nearly 10 years
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June 2013 Housing Report
A comprehensive Housing Report from the Fort Collins Board of REALTORS®. Residential Market Statistics for single family detached and attached homes provided by IRES. Please note that IRES no longer includes "to be built" and "under construction listings. For more information please call 223-2900
FCBR is focused on enhancing our members’ success via a core service department approach.
Under the Policy Governance model we have implemented a number of tracking mechanisms and reports to provide useable data that provides a greater level of understanding and accountability for our Departments and Administrative services.
The following report is offered to our valued members on behalf FCBR’s Leadership so that ever FCBR member has a better understanding of how your association is performing.
Should you have any comments or questions please feel free to contact any member of FCBR’s Leadership team.
Thank you for your support and participation over this past year!