Prosper Market Condition Report
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PRICE RANGE ON MARKET LISTED (SUPPLY) CLOSED MONTH (DEMAND) (X-C-W) FAIL MONTH PERCENT SELLING IN ESCROW DAYS ON MARKET (CLOSED) RATIO OF SUPPLY TO DEMAND MEDIAN ASK PRICE (000) MEDIAN IN ESCROW PRICE (000) MEDIAN CLOSE PRICE (000) $000,000-$100,000 0 .0 .0 0% 0 0 0.0 $0 $0 $0 $100,001-$200,001 1 2.5 .0 100% 3 108 0.4 $127 $170 $180 $200,001-$300,000 12 9.0 .5 95% 11 113 1.3 $263 $220 $280 $300,001-$400,000 18 16.5 1.5 92% 19 105 1.1 $377 $380 $358 $400,001-$500,000 53 20.0 6.0 77% 29 143 2.7 $479 $440 $451 $500,001-$600,000 55 11.0 4.5 71% 17 142 5.0 $549 $550 $546 $600,001-$700,000 21 4.0 2.0 67% 9 99 5.3 $650 $650 $649 $700,001-$800,000 9 4.0 .0 100% 10 197 2.3 $774 $768 $772 $800,001-$900,000 0 1.0 1.0 50% 3 48 0.0 $0 $900 $833 $900,001-$1,000,000 4 .0 .0 0% 3 0 0.0 $975 $975 $0 1,000,001+ 7 1.0 .0 100% 0 73 7.0 $1,395 $0 $1,113 TOTALS 180 69 16 82% 104 127 2.6 $513 $450 $438 Red formatting in the sellers to buyers column signals a price range with a relatively high count of sellers to buyers (loose price range). RATIO OF SELLERS TO BUYERS SCALE: 1-3 is a seller's market; 4-5 transitions to buyer's market; above 5 is a buyer's market. Green formatting in the history box signals the best performing months for demand, 30 day entry into escrow, and days on the market. The rate of appreciation is the speed of change in median price. This rate speeds up or slows down (negative red value) over time. PROSPER, TX June-July 2015 PROSPER 13 MONTH MARKET HISTORY MEDIAN PRICE AND DEMAND (CLOSINGS) PRESENT ACTIVITY BY PRICE RANGE FOR THE CITY OF PROSPER, TX (SFR ONLY) MCR MARKET CONDITION REPORT The Ratio Of Sellers To Buyers measures the number of units of supply relative to the number of units closing per month (demand). All other things being equal, the smaller this number, the tighter the market. Price ranges exhibiting a high number of sellers per buyer will be less likely to experience positive price movements. MCR TIP: The condition of the market depends upon the price range in which a property is competing. High relative seller/buyer ratios signal a more competitive price range (RED FORMAT). Elevated levels of price competition can be expected in those segments. Low showing frequency and extended DOM generally signal overpricing relative to current competition. Timely price adjustment to market price based on the level of agent showings increases closing probability and reduces time on the market. To increase showings, the seller needs to eliminate active competition in his price range by reducing price. DATE DEMAND (CLOSINGS) GAIN/LOSS OF RATE DATE MEDIAN CLOSE PRICE AVERAGE PRICE PER SQFT TOTAL CLOSINGS EVALUATED PERCENT OF CLOSINGS WITH DOM LESS THAN 30 DAYS AVERAGE DAYS ON THE MARKET CLOSED LISTINGS AVERAGE ESCROW TIME AVERAGE TOTAL TIME TO SELL AND CLOSE APPRECIATION RATE (CHANGE MONTH) May-14 $402,000 $115 43 40% 79 37 116 Jun-14 $377,000 $118 59 63% 54 46 100 -.52% Jul-14 $405,000 $120 66 44% 81 37 118 .62% Aug-14 $385,000 $111 60 40% 81 35 116 -.41% Sep-14 $394,000 $121 43 33% 140 36 176 .19% Oct-14 $395,750 $125 56 25% 90 46 136 .04% Nov-14 $340,000 $118 31 23% 112 37 149 -1.17% Dec-14 $419,553 $117 47 19% 104 35 140 1.95% Jan-15 $335,000 $115 25 4% 163 31 194 -1.68% Feb-15 $397,553 $127 30 17% 130 42 172 1.56% Mar-15 $396,000 $125 59 19% 126 39 164 -.03% Apr-15 $442,000 $121 63 14% 123 40 163 .97% May-15 $416,500 $130 70 4% 129 45 174 -.48% TREND PER MONTH ▲$1,755 ▲$0.81 ▲0.1 ▼3.8% ▲5.65 ▲0.12 ▲5.77 ▲0.04% PROSPER MEDIAN PRICE 13 MONTH MEDIAN PRICE AND DEMAND HISTORY THE ANNUAL APPRECIATION RATE IN PROSPER BASED ON 13 MONTHS OF MARKET ACTIVITY IS 5.54% AND INCREASING. TIME 43 59 66 60 43 56 31 47 25 30 59 63 70 0 20 40 60 80 M-14 J-14 J-14 A-14 S-14 O-14 N-14 D-14 J-15 F-15 M-15 A-15 M-15 TOTAL CLOSINGS EVALUATED $0 $100 $200 $300 $400 $500 M-14 J-14 J-14 A-14 S-14 O-14 N-14 D-14 J-15 F-15 M-15 A-15 M-15 Thousands MEDIAN CLOSE PRICE BELIEVED ACCURATE BUT NOT GUARANTEED
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A snapshot of the market condition for the North Texas City of Prosper, Texas, for the time period of June-July, 2015.
Transcript of Prosper Market Condition Report
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PRICE
RANGE
ON MARKET
LISTED
(SUPPLY)
CLOSED
MONTH
(DEMAND)
(X-C-W)
FAIL
MONTH
PERCENT
SELLING IN ESCROW
DAYS ON
MARKET
(CLOSED)
RATIO OF
SUPPLY TO
DEMAND
MEDIAN
ASK PRICE
(000)
MEDIAN
IN ESCROW
PRICE (000)
MEDIAN
CLOSE PRICE
(000)
$000,000-$100,000 0 .0 .0 0% 0 0 0.0 $0 $0 $0
$100,001-$200,001 1 2.5 .0 100% 3 108 0.4 $127 $170 $180
$200,001-$300,000 12 9.0 .5 95% 11 113 1.3 $263 $220 $280
$300,001-$400,000 18 16.5 1.5 92% 19 105 1.1 $377 $380 $358
$400,001-$500,000 53 20.0 6.0 77% 29 143 2.7 $479 $440 $451
$500,001-$600,000 55 11.0 4.5 71% 17 142 5.0 $549 $550 $546
$600,001-$700,000 21 4.0 2.0 67% 9 99 5.3 $650 $650 $649
$700,001-$800,000 9 4.0 .0 100% 10 197 2.3 $774 $768 $772
$800,001-$900,000 0 1.0 1.0 50% 3 48 0.0 $0 $900 $833
$900,001-$1,000,000 4 .0 .0 0% 3 0 0.0 $975 $975 $0
1,000,001+ 7 1.0 .0 100% 0 73 7.0 $1,395 $0 $1,113
TOTALS 180 69 16 82% 104 127 2.6 $513 $450 $438
Red formatting in the sellers to buyers column signals a price range with a relatively high count of sellers to buyers (loose price range).
RATIO OF SELLERS TO BUYERS SCALE: 1-3 is a seller's market; 4-5 transitions to buyer's market; above 5 is a buyer's market.
Green formatting in the history box signals the best performing months for demand, 30 day entry into escrow, and days on the market.
The rate of appreciation is the speed of change in median price. This rate speeds up or slows down (negative red value) over time.
PROSPER, TX June-July 2015
PROSPER 13 MONTH MARKET HISTORY MEDIAN PRICE AND DEMAND (CLOSINGS)
PRESENT ACTIVITY BY PRICE RANGE FOR THE CITY OF PROSPER, TX (SFR ONLY)
MCR MARKET CONDITION
REPORT
The Ratio Of Sellers To Buyers measures the number of units of supply relative to the number of units closing per month (demand). All other things being equal, the smaller this number, the tighter the market. Price ranges exhibiting a high number of sellers per buyer will be less likely to experience positive price movements.
MCR TIP: The condition of the market depends upon the price range in which a property is competing. High relative seller/buyer ratios signal a more competitive price range (RED FORMAT). Elevated levels of price competition can be expected in those segments. Low showing frequency and extended DOM generally signal overpricing relative to current competition. Timely price adjustment to market price based on the level of agent showings increases closing probability and reduces time on the market. To increase showings, the seller needs to eliminate active competition in his price range by reducing price.
DATE
DEMAND
(CLOSINGS)
GAIN/LOSS
OF RATE
DATE
MEDIAN CLOSE
PRICE
AVERAGE PRICE
PER SQFT
TOTAL
CLOSINGS
EVALUATED
PERCENT OF
CLOSINGS
WITH DOM
LESS THAN 30
DAYS
AVERAGE DAYS
ON THE
MARKET
CLOSED
LISTINGS
AVERAGE
ESCROW
TIME
AVERAGE
TOTAL TIME
TO SELL
AND CLOSE
APPRECIATION
RATE
(CHANGE
MONTH)
May-14 $402,000 $115 43 40% 79 37 116
Jun-14 $377,000 $118 59 63% 54 46 100 -.52%
Jul-14 $405,000 $120 66 44% 81 37 118 .62%
Aug-14 $385,000 $111 60 40% 81 35 116 -.41%
Sep-14 $394,000 $121 43 33% 140 36 176 .19%
Oct-14 $395,750 $125 56 25% 90 46 136 .04%
Nov-14 $340,000 $118 31 23% 112 37 149 -1.17%
Dec-14 $419,553 $117 47 19% 104 35 140 1.95%
Jan-15 $335,000 $115 25 4% 163 31 194 -1.68%
Feb-15 $397,553 $127 30 17% 130 42 172 1.56%
Mar-15 $396,000 $125 59 19% 126 39 164 -.03%
Apr-15 $442,000 $121 63 14% 123 40 163 .97%
May-15 $416,500 $130 70 4% 129 45 174 -.48%
TREND
PER MONTH $1,755 $0.81 0.1 3.8% 5.65 0.12 5.77 0.04%
PROSPER MEDIAN PRICE13 MONTH MEDIAN PRICE AND DEMAND HISTORY
THE ANNUAL APPRECIATION RATE IN PROSPER BASED ON 13 MONTHS OF MARKET ACTIVITY IS 5.54% AND INCREASING.
TIME
43
5966
60
43
56
31
47
25 30
59 6370
0
20
40
60
80
M-1
4
J-14
J-14
A-1
4
S-14
O-1
4
N-1
4
D-1
4
J-15
F-15
M-1
5
A-1
5
M-1
5
TOTAL CLOSINGS EVALUATED
$0
$100
$200
$300
$400
$500
M-1
4
J-14
J-14
A-1
4
S-14
O-1
4
N-1
4
D-1
4
J-15
F-15
M-1
5
A-1
5
M-1
5
Thou
sand
s
MEDIAN CLOSE PRICE
BELIEVED ACCURATE BUT NOT GUARANTEED
