Colorado Springs Real Estate Blog

May 2017 Colorado Springs Real Estate Market Statistics

 

The Colorado Springs Real Estate Market Report for May 2017

According to the new data released by the Pikes Peak Association of REALTORS® for May 2017, the Colorado Springs real estate market is on hotter than ever.

The Bottom line:

May set another record for the most amount of homes sold in any previously recorded month of May. The interesting part is that we also had 10% fewer contracts written than in May of last year. This means that June's sales may be lower than expected. If so, this will most likely be due to the lack of homes available for sale in Colorado Springs.

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

May 2017 Colorado Springs Real Estate Statistics

  • New Listings:
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April 2017 Colorado Springs Real Estate Market Report

 

The Colorado Springs Real Estate Market Report for April 2017

According to the new data released by the Pikes Peak Association of REALTORS® for April 2017, the Colorado Springs real estate market is slowing due to a lack of inventory.

The Bottom line:

April was another month of fewer listings and more sales. Our sales appear to be slowing down though as our inventory shrinks. This is the first time we have had an average List Price to Sales Price ratio over 100%. It's a tough market for home buyers.

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

April 2017 Colorado Springs Real Estate Statistics

  • New Listings: 1,817 (Down +6.9% from last year)
  • Sold Listings: 1,309 (Up +3.2% from
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While new innovation seems to be sweeping many industries across America, consumers would say that it has not swept the home building industry. The market is still flooded with home builders who are building to the exact same standards and styles that are years, sometimes decades, old. CreekStone Homes in Colorado Springs is looking to change consumer’s expectations of how a home should be built. Their ComfortBuilt™ Home is how they plan to do it.

For years, CreekStone Homes have had excellent home designs, which has caused them to become popular in the Colorado Springs area. Now, they are adding to their awesome designs by signing an exclusive agreement with Owens Corning to build a much higher overall build quality product. It will not be an “option”

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March 2017 Colorado Springs Real Estate Market Report

 

The Colorado Springs Real Estate Market Report for March 2017

According to the new data released by the Pikes Peak Association of REALTORS® for March 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 had a 5.4% decrease in the amount of contracts written in comparison to the previous year. The competitive nature of our real estate market is making it harder for buyers to find homes right now, so some of them are giving up. This strong buyer demand is also pushing prices even higher, as we've seen an increase of 12% since this time last year.

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

March 2017

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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 does a Realtor get paid?” 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 how

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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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