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 [...]
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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 [...] This morning’s news had a lot of positives in it for Colorado Springs, and Colorado in general (kind of unusual for the news loop, eh?), and I thought it might be nice to highlight some of it here. Sports – The Nuggets are in the NBA playoffs, and Rockies are off the best start of [...] Last month was a tough one in the Colorado Springs real estate community. A steep drop in sales can be unnerving when you are supposed to be in a recovery Thankfully, March came back strong, with sales up 73.3% over February, and more importantly, up 7.3% over March of 2010. Year to date sales are [...] February 2011 home sales in Colorado Springs were down 21.7% from 2010. That is a big number. With only 448 closings, it is a scary number. But on the flip side, average prices were up 13.6%, and the median was up 4.67%, indicating some strength. The ratio of selling price to listing price was 97.1%, [...] January home sales in Colorado Springs were very comparable to last January. Unit sales, average price and median price all were within 1% of January of 2010, indicating that perhaps, a new level of stability has hit the market. With interest rates in the upper 4′s, and no more talk of government intervention, it is [...] While it may be to early to call a trend, home sales in Colorado Springs improved in December 2010 over both December of 2009 as well as November 2010, reversing a recent trend, and possibly spelling relief going into 2011. Sales were up 1% over December 2009, but were up a whopping 16% over November. [...] November 2010 home sales in Colorado Springs dropped 31.74% from November of 2009, the 5th (and largest) consecutive monthly decline in sales. Only 542 homes were sold according the Pikes Peak Association of Realtors Realtor Services Corporation. The average price was $233,286, up 9%, and the median was $198,000, up 5.35%. Factors affecting home sales [...] |
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