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 [...]
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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 [...] June homes sales in Colorado Springs were off from last year – but not by much. Sales were off 4.7% from June of 2010 at 871 units. Prices were soft however, with the average down 9.0% and the median down 9.8% at $185,000. Going forward, year to year comparisons are expected to improve, as June [...] 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 [...] |
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