Altos Market Pulse: Zipcode 75230
This is a “live” chart from a San Francisco-area based company called Altos Research. (Last week I pasted an Altos chart into a post — this one is self-updating and changes. Isn’t technology fabulous?) I give them a zip code, they give me all the home prices. As you know, Texas is a non-disclosure state when it comes to selling prices and people guard what they paid for their house almost more than they do the family jewels. But we all know that when you put a property on the market, what do you use to figure out how to price it? Sales stats. Comps. So looking at how homes are priced and how that pricing changes is an effective way to take the pulse of the market.
3 Comments to “Altos Market Pulse: Zipcode 75230”
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Hi Candy…
Being a San Francisco Peninsula broker, I am very familiar with Altos Research reports and their informative graphs.
The Altos reports track list prices and not sale prices. As long as the sales price to list price remains constant; tracking list prices will give you a good idea of market (i.e. sale) prices.
When working with clients; I use both the Altos data which tends to be a forward looking indicator and MLS closed sales data which is a little more historical. Presenting both gives my client a very solid grounded picture of their current market.
Dear Arn — Thanks for reading. Send us some news about your market. Are you seeing any price declines? How do we compare in Texas?
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