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MARKET UPDATEAnthony Knight

· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofFebruary 01, 2010

· Presented by Anthony KnightTRG National Titlewww.positiveangles.wordpress.com /303.594.2013

LONGMONT, CO

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC

Median List Price

Median Lot Size

16.4

Percent Relisted (reset DOM)

2327

3.0

4 %

Median Number of Bathrooms

215

Inventory of Properties Listed

$ 146

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 300,000

40 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

9 %

Percent of Properties with Price Decrease

Strong Buyer's

±+

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Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

10 24642

1483.0 16

3.0

1

223

3.0 34

74

1

4

0.50 - 1.0acre

36

$ 242,450

6

1

34

4.0

6,501 -8,000 sqft

23.0

1388 6,501 -8,000 sqft

34

$ 165,450

4.0

423

0.25 - 0.50acre$ 433,500

4.0$ 1,049,000

12

8

2818

The Market Action Index has beenclimbing lately while days-on-marketare trending down, these point to apositive near-term outlook for themarket.

Monday February 1, 2010

Anthony Knight

33

1838

2.0

The median list price in LONGMONT,CO this week is $300,000. The 135properties have been on the marketfor an average of 215 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

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LONGMONT, COCity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

135

$ 9,850,000

$ 89,900

$ 607,768

29

Trend Key:

Home sales have been exceedingnew inventory for several weeks.However because of excessinventory, prices have not yetstopped falling. Should the salestrend continue, expect prices tolevel off soon and potentially toresume their climb from there.Watch prices as the markettransitions from a Buyer's market toa Seller's market.

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Single Family Homes in

Anthony Knight

City OverviewLONGMONT, CO


Median PriceAgain this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-highlevels. The Market Action Index is a good leading indicator for the durability of this trend.

90-day Average7-day Average

Quartile PricesPrice weakness is evident across the board. All four quartiles have been in price decline in recent weeks. Look to the MarketAction Index as a leading indicator of the bottom of the market.

First/Top Second/Upper Third/Lower Fourth/Bottom

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Anthony Knight



Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


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Anthony Knight



Market Action IndexThe LONGMONT market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 16.41. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantagezone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.

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Anthony Knight



Days on MarketThe properties have been on the market for an average of 215 days. Half of the listings have come newly on the market in thepast 133 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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Median List Price

Median Lot Size

17.8


1670

2.0

5 %


158


$ 123


6,501 - 8,000 sqft


$ 220,000

43 %

3.0

Market Action Index



10 %


Strong Buyer's

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


13 12416

1022.0 41

3.0

1

154

3.0 15

70

1

3

8,001 -10,000 sqft

44

$ 200,000

5

0

16

3.0

6,501 -8,000 sqft

23.0

1344 6,501 -8,000 sqft

15

$ 151,200

3.0

312

6,501 -8,000 sqft$ 255,000

3.0$ 345,000

16

5

2192

The Market Action Index has beenclimbing lately while days-on-marketare trending down, these point to apositive near-term outlook for themarket.


Anthony Knight

15

1376

2.0

The median list price in LONGMONT,CO 80501 this week is $220,000. The61 properties have been on themarket for an average of 158 days.






No change



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LONGMONT, CO80501

Neighborhood Detail


Average List Price


61

$ 940,500

$ 89,900

$ 255,443

43

Trend Key:

The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.

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Anthony Knight

Neighborhood DetailLONGMONT, CO

80501


Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.


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Anthony Knight


80501


Price per Square FootWe're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actuallyincreasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


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Anthony Knight


80501


Market Action IndexThe LONGMONT, 80501 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 17.83. With several months of inventory available at the current sales rate, buyers should find ample choice.


Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.





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Anthony Knight


80501






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Median List Price

Median Lot Size

14.7


3404

4.0

4 %


263


$ 158


0.25 - 0.50 acre


$ 527,000

38 %

4.0

Market Action Index



8 %


Strong Buyer's

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


8 15396

1473.0 14

3.0

1

386

4.0 19

84

1

1

0.50 - 1.0acre

15

$ 425,000

0

0

19

5.0

8,001 -10,000 sqft

14.0

1588 4,501 -6,500 sqft

18

$ 214,900

4.0

449

1.0 - 2.5acres$ 691,668

4.0$ 1,505,000

13

2

3889

Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.


Anthony Knight

18

2867

3.0

The median list price in LONGMONT,CO 80503 this week is $527,000. The74 properties have been on themarket for an average of 263 days.






No change



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LONGMONT, CO80503

Neighborhood Detail


Average List Price


74

$ 9,850,000

$ 124,900

$ 898,198

18

Trend Key:

Home sales have been exceedingnew inventory for several weeks.However because of excessinventory, prices have not yetstopped falling. Should the salestrend continue, expect prices tolevel off soon and potentially toresume their climb from there.Watch prices as the markettransitions from a Buyer's market toa Seller's market.

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Anthony Knight


80503


Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.


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Anthony Knight


80503


Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


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Anthony Knight


80503


Market Action IndexThe LONGMONT, 80503 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.68. With several months of inventory available at the current sales rate, buyers should find ample choice.


Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.





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Anthony Knight


80503






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