When explaining local market statistics to your clients, it’s important to cover how much of that market is bank owned. Clarus MarketMetrics® will help you show buyers and sellers what percentage of the market is considered distressed through its latest product enhancement.

The following Market Dynamics Reports now show Bank Owned Properties:

• Sold Properties
• Under Contract Properties
• New Properties Listed
• For Sale Properties
• Expired Properties

Bank Owned View
Click here to enlarge this chart.

The Bank Portion view shows the number of distressed properties that are in foreclosure; or in foreclosure and subject to short sale; or owned (REO) during the applicable time period.

Non-Bank Owned View
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The Non-Bank Portion view shows the number of non-distressed properties that were free of any bank mediation during the applicable time period.

Easily add the percentage by checking the box to the top right of the graph.

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Already registered? Get the latest Clarus MarketMetrics® Tip-of-the-Month below.

If you have not already signed up, you can access your REALTOR® member benefit by visiting your local Association/Multiple Listing Service (MLS) website. (For a list of Associations and MLSs offering Clarus MarketMetrics®, please visit www.clarusresource.com/mm.)

Tip of the Month

Month’s Supply of Inventory – Explaining it to Consumers

Month’s Supply of Inventory (MSI) shows the time, in months, that it would take to “sell” the remaining inventory for the month in question. This metric is a one number summary of how market supply and demand are changing from month to month.

Please note: this data is from San Diego

To calculate this figure, take the number of properties that were For Sale on the Last Day of the month divided by the number that went Under Contract (Pending) during the month (the most contemporaneous measure of buyer activity). Calculated this way MSI becomes a “leading” indicator of sales activity.

Using the “same” month comparison over different years is a popular real estate yardstick because there is no seasonality involved in the measurement. Thus, any changes that have taken place are primarily due to market forces, for example, the collective behavior of all consumers participating in the market.

Adding the “linear” trend line helps you recognize whether the rate of sales activity is changing over time or not; and to what approximate degree. An upward sloping trend line indicates an increase in MSI (sales rate is slowing); a downward sloping trend line indicates a decrease in MSI (sales rate is increasing); and a flat trend line indicates that there has been very little change in MSI (the rate of sales).

Generally, anything that is below 3 months is considered a strong sellers’ market, 3-6 months is a balanced market, and above 6 months is a strong buyers’ market. What is your market inventory doing?

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Attend a FREE webinar to learn more about the new and improved features of Clarus MarketMetrics®. Click here to view the webinar schedule.

 Why use Clarus MarketMetrics? Teach consumers the differences in local market real estate.

Dear Clarus MarketMetrics® User:

Terradatum will be making a scheduled upgrade to Clarus MarketMetrics® Thursday, November 5th , from 6PM PST until 12 Midnight PST..  During this time Clarus MarketMetrics® will be unavailable.  We apologize for the inconvenience but think that you will appreciate the new functionality that will be added to the product – see below.

We are very enthused about the improvements we have made because they provide new features and improved functionality that you (our users) have requested:

Changes for Clarus MarketMetrics®

Global Modifications

·      New Navigation Menu, located on the top-left corner of the screen (once a user has logged in and executed a search). These new options include all of the standard administrative functionality such as print, email or save reports (FILE); moving between the Market Dynamics and Pricing Analysis tools (TOOLS); revising/transferring the search criteria (SEARCH) and HELP.

·    View Search Criteria is a panel window on both the search and results pages

·     Printable Report Definitions are now available in the Help feature

Market Dynamics

 New Cover Sheet for Market Dynamics

·       A new optional search filter has been added so that users can create an introduction page for the market criteria search to include with the report package.

 New Reports have been added

·       Median for Sale vs Median Sold: this new report compares and contrasts the pricing of For Sale and Sold properties by month

·       Number of Expired Listings: this new report measures the changes in the number of listings that expire each month

Pricing Analysis

 Reports have been upgraded and new Reports added

·     Additional Chart Controls on two Reports

o   Distribution of Price: Allows a user to change the “Sold Time Frame” for display AFTER the search has been run (use the dropdown menu provided in the search and on the Target Price Reports)

o   Target Price Reports: “Value” checkbox  allows you to display the Average Days on Market for each of the corresponding horizontal lines on the chart

·     Modified Reports

o   Property Attributes: We have included additional options for users to describe common property attributes and sales activity statistics compared to the subject property target price range (use the Optional Search Filter to control these).

·     New Reports

o   Market Size: this new report measures and displays changes to the size of the market over sequential time periods

o   Market Price: this new report measures and displays changes to pricing over sequential time periods

o   Target Price – Sales Price to Original Price (SP/OP): this new report compares sales activity of properties with and without price changes

**Reminder** Additional detailed information of these enhancements is available on-line by selecting the Help link on the top navigation menu.