Home sales in Colorado Springs ticked up again in January, by 3% over January of 2011. The inventory of unsold homes also shrunk, to only 3,156 homes, a 10 year low. The bad news was that prices also shrunk, with the average down 2.9% from 2011 and the median down 4.3%. The lower prices are [...]
|
|||||
|
With a new year comes new hope. Sometimes that hope is even based on fact, which is the case for the Colorado Springs real estate market. Those facts are: Homes sales for December were up 3.5% from last year, the 6th consecutive monthly increase. The inventory of unsold homes in December was down a whopping [...] November Colorado Springs home sales were up 19.2%, the 5th consecutive month of double digit increases over 2010. Is the housing recession over? Maybe. Interest rates under 4% are sure helping sales, and any major changes in that department could derail things, but so far, so good. Recent Colorado Springs employment news has been strong, [...] October 2011 Colorado Springs home sales were up 20.1% over 2010, making it the 2nd best October since 2006. The good new was tempered by prices that remain soft, with the average and the median both down 7.8% and 7.5% respectively. Low interest rates and a recovering local economy are both factors in the highers [...] Home sales in Colorado Springs have now improved 3 months in a row when compared with 2010. While prices remain soft (September was down 5.2% or 4%, depending on whether you compare the average or the median), year-to-date sales are now ahead of last year as well. The inventory of unsold homes has dropped [...] Single family home sales in Colorado Springs took a big jump in August over 2010, with sales up 20.9% over August of 2010. The inventory of unsold home also dropped 23.5%, as buyers took advantage of low interest rates, while sellers wait on the sidelines for better prices. The average price was down 10% from [...] Colorado Springs home sales were up 11.9% in July 2011 over July 2010. While prices remained soft (down 5.2%), this was the first year to year increase in some time. The 90th percentile was $390,000, and 17.4% of sales were disclosed as ‘distressed’ in some fashion (bank owned, short sale, etc). The inventory of unsold [...] May home sales in Colorado Springs saw a 9.8% decline over 2010. The Colorado Springs real estate market has taken somewhat of a beating, with both sales and prices dropping. The average single family home price was off 8.4%, at $213,211. Some of this decline has been expected, as May of 2010 included many buyers [...] April 2011 home sales in Colorado Springs were down 5.6% from last year (748 homes sold), and prices were off slightly as well, down 2.1% for the average ($215,466) and 1.4% for the median (50% above, 50% below, $184,900). High end home sales were surprisingly soft, with the 90th percentile at only $365,000. The ‘silver [...] There has been a lot of press these days about how new home construction needs to increase in Colorado Springs. While I personally agree, the reality is that people will start buying new homes more frequently when they no longer can find enough selection of existing homes. For that to happen, more people are going [...] |
Virtual Tour Inventory Widget
|
||||
|
Copyright © 2012 Living Colorado Springs - Rick Van Wieren RE/MAX Properties Inc. Toll Free 888-568-6784 All Rights Reserved |
|||||