Home sales in El Paso County were highest during the summer months and then gradually dropped the remainder of the year in 2008. Looking back at 2008, the average sale price was lowest in November ($213,466) and highest in June ($256,829). The average median price was lowest in December ($180,000) and highest in July ($223,950). […]
Home inventory decreased by 16.1% for the month of February 2009 when compared to six months ago (September 2008). Compared to the previous month of January, there was a 2.7% increase in single family homes for sale. Single Family Home Inventory in the Pikes Peak MLS has also decreased by 9.2% when comparing February 2009 […]
Homes sales increased by 22% in El Paso County for the month of February when compared to January 2009. Looking over the past six months, home sales have been consistently dropping and home sales should start increasing now that we are nearing the busier time of year for real estate in Colorado Springs. There were […]
Many investors have expressed frustration with only being allowed to finance a total of four investment properties. These restrictions have limited investors considerably and have resulted in many distressed properties that could have been picked up by investors in the past to sit on the market instead. With more inventory, fewer home sales, and a […]
There is another advantage available to first time home buyers who purchase a home between January 1, 2009 and November 30, 2009. First time home buyers or buyers who have not owned a home in the last three years will benefit from the $8,000 tax credit. Additionally, there are income limits (75K single and 150K […]
Internet exposure– With over 90% of buyers going to the Internet as their source for finding homes, you cannot afford not to have your home on the Internet. If you plan to sell your home, it is important you ask your agent about their marketing plan to sell your home. If marketing your home online is not part […]
Home inventory decreased by 22.1% for the month of January 2009 when compared to August 2008. Looking back to 2008, we the highest number of Single Family Homes for sale in June which is not surprising since inventory is normally highest during the summer months in Colorado Springs. Single Family Home Inventory in the Pikes Peak […]
Homes sales dropped by 16.6% in El Paso County for the month of January when compared to December 2008. There were 121 more single family home sales in January 2008 when compared to total single family home sales for January 2009. Although there were fewer sales than this time last year, there were an additional […]
Real Estate Market Report – Meridian Ranch – January 2009 Average List Price: $328,598 Average Days on Market (active listings): 190 days Absorption Rate: 5% List Price vs. Sale Price Ratio (6 month average): 98% Contact me for additional information about homes for sale in the Meridian Ranch subdivision. Patricia Beck – Selling Colorado Springs […]
Colorado Springs Real Estate Market Report for Newport Heights Subdivision – January 2009 Average List Price: $312,175 Average Days on Market (active listings): 117 days Absorption Rate: 1.5% List Price vs. Sale Price Ratio (6 month average): 97.2% Contact me for additional information about homes in the Newport Heights subdivision of Colorado Springs. Colorado Springs […]