Archive for January 10th, 2010

Colorado Springs Real Estate Market Report – December 2009 January 10th, 2010

Patricia

Homes sales decreased by 21.5% in El Paso County for the month of December when compared to November 2009.

There were 128 additional single family home sales in December 2009 when compared to December 2008. There were also an additional 1,000 single family homes for sale in December 2008.

 The average sale price ($223,143) and the median sale price ($192,500) increased when compared to the previous month of November.  Last December, the average sale price was $227,276 and the median sale price was $180,000.

 
Homes $200,000 and below are still selling more quickly due to increased first time home buyer traffic. Now with the buyer tax credit being extended through June 30, 2010, we can expect to see more home buyers enter the real estate market.

 

Single Family Home Sales for El Paso County - December 2009

*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed

Patio homes are included in these stats


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For further information on available Homes in Colorado Springs contact your Colorado Springs Real Estate Agent, Patricia Beck.

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Single Family Home Inventory Stats for El Paso County – December 2009 January 10th, 2010

Patricia

Home inventory has decreased by 23% for the month of December 2009 when compared to six months ago (July 2009). Compared to the previous month of November, there was a 8% decrease in single family homes for sale.  Single Family Home Inventory has been steadily dropping over the past six months.  It is good that we are seeing inventory levels declining; this is necessary if we want to see the real estate market in Colorado Springs improve.

Single Family Home Inventory in the Pikes Peak MLS was nearly 20% higher in December 2008 and we had 128 fewer single family home sales!

Looking at stats for December 2009, Single Family Home inventory in the Pikes Peak MLS is sitting at 6.3 months (compared to 5.4 months in November).  This is the first month Single Family Home inventory has been above 6 months since May 2009.  There is a balanced market in Colorado Springs when inventory sits at 6 months; the market is improving for sellers.


Home Inventory Statistics for El Paso County - December 2009

 

Search for homes in Colorado Springs

For more information on Colorado Springs Real Estate or the Colorado Springs Area contact me or visit my website.

*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed

Patio homes are included in these stats

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