Archive for February, 2010

Single Family Home Sales for El Paso County – 2009 Overview February 6th, 2010

Patricia

Home sales in El Paso County were highest during the summer months and lowest in the first quarter of the year. Looking back at 2009, the average sales price was lowest in November ($198,644) and highest in July ($231,457).

Overall, the average sale price was much lower in 2009 than in 2008 due to the increased number of  foreclosures and short sales in Colorado Springs.  The average sales price reached $256,829 in June 2008 compared to $231,457 in July.

In 2009, many of the foreclosure and short sale properties sold below market value and ultimately decreased the average sales price in Colorado Springs.  On the bright side, there were a total of 8,745 single family home sales in 2009 compared to 8,339 in 2008.

Single Family Home Sales for El Paso County - 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 more information on Colorado Springs Real Estate or the Colorado Springs Area contact me or visit my website.

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Single Family Home Inventory Stats for El Paso County – January 2010 February 6th, 2010

Patricia

Home inventory has decreased by 18.3% for the month of January 2010 when compared to six months ago (August 2009). Compared to the previous month of December, there was a 4.3% increase in single family homes for sale.  With the exception of January, Single Family Home Inventory has been steadily dropping since July 2009.  We will soon be entering the busier season for real estate in Colorado Springs and can expect inventory levels to increase again next month.

Single Family Home Inventory in the Pikes Peak MLS was nearly 16.3% higher in January 2009 and we had 51 fewer single family home sales.

Looking at stats for January 2010, Single Family Home inventory in the Pikes Peak MLS is sitting at 8.9 months (compared to 6.3 months in December). This is a significant increase; Single Family Home inventory hasn’t been above 6 months since May 2009 (with the exception of last month).  There is a balanced market in Colorado Springs when inventory sits at 6 months.


Home Inventory Statistics for El Paso County - January 2010

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

Patio homes are included in these stats

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

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Colorado Springs Real Estate Market Report – January 2010 February 6th, 2010

Patricia

Homes sales decreased by 25.5% in El Paso County for the month of January when compared to December 2009.

There were 51 additional single family home sales in January 2010 when compared to January 2009 (12.3% increase).  There were also an additional 805 single family homes for sale in January 2009.  Inventory levels are lower than one year ago while sales have remained steady over the past 6 months.   The real estate market in Colorado Springs is seeing improvement.

The average sales price ($211,008) and the median sales price ($178,290) decreased when compared to the previous month of December.  Last January, the average sales price was $198,644 and the median sales price was $173,000.

Single Family Home Sales for El Paso County - January 2010

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

Patio homes are included in these stats

Search for homes in Colorado Springs

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

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