Homes sales decreased by 5.8% in El Paso County for the month of August when compared to July 2009.
There were 113 additional single family home sales in August 2009 when compared to August 2008. There were also an additional 1,283 single family homes for sale in August 2008!
The average ($222,531) and median ($195,550) sales price decreased when compared to the previous month of July. The average sale price decreased by $8,926 and the median sale price slightly decreased by $4,125. With the exception of August, the average and the median sales price has been steadily increasing since January 2009.
Homes $175,000 and below are selling quickly due to first time home buyer traffic picking up in recent months. If many first time home buyers are going after the $175,000 and below price range, it appears, both the average and median sale price are being impacted as a result.
*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
Patio homes are included in these stats