Colorado Springs Real Estate Blog

February 2017 Colorado Springs Real Estate Market Report

 

The Colorado Springs Real Estate Market Report for February 2017

According to the new data released by the Pikes Peak Association of REALTORS® for February 2017, the Colorado Springs real estate market is ramping up and appears to be on track to set new records this year.

The Bottom line:

This is the first month in many months that we have seen a decrease in the amount of homes sold and an increase in the amount of homes listed, in comparison to the previous year.

Let's take a look at the February 2017 real estate market numbers for Colorado Springs:

February 2017 Colorado Springs Real Estate Statistics

  • New Listings: 1,273 (Up +1.1% from last year)
  • Sold Listings: 800 (Down -8.1% from last year)
  • Total Active
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This article is dedicated to all of the hard working REALTORS out there who work tirelessly for your clients. Cheers!

Point 1You know you’re no longer a Rookie REALTOR when you're on your phone so much that your hand stays in the shape of your phone, even when you’re sleeping.
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Realtors Kids Be Like

 

Point 2You know you’re no longer a Rookie REALTOR when even Isaac Newton couldn't figure out your tax returns. Between your LLC’s / S-Corps, self-employment structures, referral agreements, personal / business expenses and whatever else you’ve packed in there, chances are high that your tax returns look like a cryptic message from Mars!
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Realtors Accountants Be Like

 

This one is from Nathan Garrett at Garretts Realty Group Nathan Garrett

Point 3You know you’re no longer a Rookie REALTOR when you

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Who Pays Realtor Fees When You Buy a House?One of the most common questions that I hear when I am working with first-time home buyers is, “How do you get paid as a Realtor?” According to the National Association of Realtors, 88% of home buyers used a real estate agent when buying a home and approximately 91% of homeowners used a Realtor to sell their house in 2016 (click here to view the statistics). Based on these numbers, it’s obvious that there are many people working with Realtors every day. There are also predicting that the “Gen Y” homebuyers will be entering the real estate market with a bang during the next few years. This means that an influx of home buyers will be entering the market for the first time. Many of these first time home buyers have no idea what a Realtor actually does, or

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January 2017 Colorado Springs Real Estate Market Report

 

The Colorado Springs Real Estate Market Report for January 2017

According to the new data released by the Pikes Peak Association of REALTORS® for January 2017, the Colorado Springs real estate market is ramping up and appears to be on track to set new records this year.

The Bottom line:

We have 30% fewer homes on the market than this time last year. We need more homes for sale!

Let's take a look at the January 2017 real estate market numbers for Colorado Springs:

January 2017 Colorado Springs Real Estate Statistics

  • New Listings: 968 (UDown -13.1% from last year)
  • Sold Listings: 908 (Up +7.5% from last year)
  • Total Active Listings: 1,331 (Down -30.8% from last year)
  • Median Sales Price: $265,000 (Up +10.6% from last
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Should I Buy A Rancher or a Two Story HomeWhile showing properties, I often get this question from home buyers: “What are some differences between buying a ‘Rancher’ versus a ‘Two-Story’ home?” These are the two most common residential home styles in the Colorado Springs area.

If you’re from another part of the country, you may have a different idea on what a “Rancher” is. Other State’s soils and elevations require completely different foundation types, which means they have completely different floor plans. If you're new to the Colorado area, you’ll appreciate this info.

What’s a “Rancher”?

A “Ranch“ style home in Colorado is simply a home with a main level and a basement. In Colorado, “Ranchers” are extremely common. The confusing part for home buyers coming from areas without

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November 2016 Colorado Springs Real Estate Market Report

 

The Colorado Springs Real Estate Market Report for December 2016

According to the new data released by the Pikes Peak Association of REALTORS® for December 2016, the Colorado Springs real estate market is slowing down for the Winter but is still one of the busiest markets on record.

The Bottom line:

As our market slows down for Winter, but not as slow as expected. We still sold 8.7% more homes than we did last year at this time and last year was a record year. There is no slowing down this market right now!

Let's take a look at the December 2016 real estate market numbers for Colorado Springs:

December 2016 Colorado Springs Real Estate Statistics

  • New Listings: 763 (Up -2.2% from last year)
  • Sold Listings: 1,196 (Up
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November 2016 Colorado Springs Real Estate Market Report

 

The Colorado Springs Real Estate Market Report for November 2016

According to the new data released by the Pikes Peak Association of REALTORS® for November 2016, the Colorado Springs real estate market is slowing down for the holidays, but is still very busy.

The Bottom line:

As our market slows down for Winter, it is still going very strong. We sold over 30% more homes this November than we did last November.

Let's take a look at the November 2016 real estate market numbers for Colorado Springs:

November 2016 Colorado Springs Real Estate Statistics

  • New Listings: 992 (Up +.8.9% from last year)
  • Sold Listings: 1,196 (Up +31.9% from last year)
  • Total Active Listings: 1,932 (Down -26.5% from last year)
  • Median Sales
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8 Steps To Get Out Of Debt And Buy A House

This is a guest post from our friend and fellow real estate professional, Tony Mariotti, founder of RubyOne Mortgage Company.

Ask a loan advisor or real estate agent what they find satisfying about their career, and many will say how rewarding it is to help people buy their first home. If you ask those same professionals about the biggest challenges for first time home buyers, and they’ll bring up two sticking points:

  1. Buyers often carry too much debt
  2. Buyers don’t have enough cash saved for a down payment.

These are two sides of the same coin. If you want to buy your first home, the goal is clear: get rid of debts that create a drag on your ability to save up for a down payment.

Mentally, we all know we shouldn’t spend more than we

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October 2016 Colorado Springs Real Estate Market Report

 

The Colorado Springs Real Estate Market Report for October 2016

According to the new data released by the Pikes Peak Association of REALTORS® for October 2016, the Colorado Springs real estate market is slowing down for the holidays, but is still very busy.

The Bottom line:

October had similar numbers to September. The biggest change is that the days on the market are still slowing down as the winter months set in.

Let's take a look at the October 2016 real estate market numbers for Colorado Springs:

October 2016 Colorado Springs Real Estate Statistics

  • New Listings: 1,218 (Up +.1.8% from last year)
  • Sold Listings: 1,266 (Up +12.6% from last year)
  • Total Active Listings: 2,227 (Down -24.1% from last year)
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September 2016 Colorado Springs Real Estate Market Report

 

The Colorado Springs Real Estate Market Report for September 2016

According to the new data released by the Pikes Peak Association of REALTORS® for September 2016, the Colorado Springs real estate market is showing signs of slowing down for the Fall, but is still very busy.

The Bottom line:

September had similar numbers to August. The biggest change is the homes under contract for September. We had 21% more homes under contract this September, versus last September.

Let's take a look at the September 2016 real estate market numbers for Colorado Springs:

September 2016 Colorado Springs Real Estate Statistics

  • New Listings: 1,395 (Up +.0.4% from last year)
  • Sold Listings: 1,381 (Up +4.8% from last year)
  • Total Active
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