Tag archives: Heat Index Score

Montecito Heat
By Michael Phillips   |   April 5, 2021

The Montecito Heat Index measures demand for Montecito single-family homes in five price sectors. By identifying demand, (contracts to purchase), rather than sales, (closed escrows) we create a forward-looking indicator of market strength. And since real estate activity fluctuates seasonally, today’s Heat score is compared to this date last year. All data are from the […]

How Hot is Today’s Real Estate Market?
By Michael Phillips   |   June 18, 2020

The Montecito Heat Index measures present demand for Montecito single-family homes. By focusing upon buyer contracts, rather than closed escrows which typically lag a month or longer from accepted contracts, the Heat Index provides a forward-looking indicator of both market strength and direction. At five distinct price points, we look at where value is most […]

How Hot is Today’s Market?
By Michael Phillips   |   February 20, 2020

The Montecito Heat Index measures present demand for Montecito single-family homes. By focusing upon buyer contracts, rather than closed escrows which typically lag a month or longer from accepted contracts, the Heat Index provides a forward-looking indicator of both market strength and direction. It also shows us at five price-points where value is most recognized […]

How Hot is Today’s Market?
By Michael Phillips   |   August 8, 2019

The Montecito Heat Index identifies demand for Montecito single family homes. By measuring buyer contracts (pending sales) rather than sales (closed escrows) lagging typically thirty days, the Heat Index provides a forward-looking indicator of both market strength and direction. It also shows us the price point(s) where value is most recognized by buyers and the […]

How Hot is Today’s Market?
By Michael Phillips   |   June 20, 2019

The Montecito Heat Index identifies today’s demand for Montecito single family homes in five price sectors. By measuring buyer demand (pending sales), rather than sales (closed escrows), which is lagging typically thirty days, we create a forward looking indicator of both market strength and direction. The Heat Index metric shows us the price point(s) where […]

The Montecito Heat Index: How Hot is Today’s Market?
By Michael Phillips   |   April 25, 2019

The Montecito Heat Index identifies demand for Montecito single family homes in five price sectors. By measuring buyer demand (signed contracts) rather than sales (closed escrows), we create a forward looking indicator of both market strength and direction rather than sold data which is typically a month or more old. This metric also shows us […]

The Montecito Heat Index
By Michael Phillips   |   September 27, 2018

How hot is Today’s Montecito Real Estate market? The Heat Index measures buyer choices for single family homes in five price sectors. Rather than sales data, typically at least 30 days old, the Index measures signed contracts resulting in present demand and thus market strength and direction. Since home purchases fluctuate seasonally, indeed monthly, today’s […]

How Hot is Today’s Market?
By Michael Phillips   |   June 28, 2018

The Montecito Heat Index identifies demand for Montecito single-family homes in five price sectors. By measuring buyer demand, (signed contracts) rather than sales (closed escrows), we create a forward-looking indicator of both market strength and direction rather than sold data that are typically a month or more old. And since real estate activity fluctuates seasonally, […]

Real Estate Heat Index
By Michael Phillips   |   November 30, 2017

The Montecito Heat Index is a snapshot of demand for single-family homes in five price sectors. Rather than a measurement of completed sales, typically referred to as lagging data, the Heat Index looks at homes currently under contract resulting in a more accurate picture of market demand. And as real estate activity is seasonal, today’s […]