Colorado Springs Real Estate Blog

How To Prepare For A Home Inspection

Here's a scary scenario. Imagine you've been busy preparing your home to sell for months. You've been working diligently with your REALTOR, home stager, mortgage lender, and contractor to get everything perfect so that you can sell your home for the most money and move on to your next home. With eager anticipation, you wait for a good offer while your home is on the market and then, you get a great offer!

The excitement is exhilarating. You start thinking about the money that you will make off of your home sale and begin shopping online for your next home. Then, you get an email from your REALTOR showing 9 major items that the home inspector found while examining your property. Your buyers want all these items fixed before they will buy your home,

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October 2017 Colorado Springs Real Estate Market Statistics

 

The Colorado Springs Real Estate Market Report for October 2017

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

The Bottom line:

October is the month when we see a typical shift from the Summer to Winter season. The days on the market and list price to sold price ratios are still very low though. We are still in a buyer's market with a need for more homes for sale.

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

October 2017 Colorado Springs Real Estate Statistics

  • New Listings: 1,320 (Up +7.8% from last year)
  • Sold Listings: 1,431 (Up +11.6% from last year)
  • Total Active
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September 2017 Colorado Springs Real Estate Market Statistics

 

The Colorado Springs Real Estate Market Report for September 2017

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

The Bottom line:

September is the month when we see a typical shift from the Summer to Winter season. The days on the market and list price to sold price ratios are still very low though. We are still in a buyers market with a need for more homes for sale.

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

September 2017 Colorado Springs Real Estate Statistics

  • New Listings: 1,442 (Up +3.3% from last year)
  • Sold Listings: 1,509 (Up +8.5% from last year)
  • Total Active
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This article was originally posted on May 19, 2015. A lot has changed since then, so I figured it was time to update this article with the newest home selling methods.

Professional Marketing is the Secret Sauce that Sells Real EstateWhen I first started in real estate, I was taught that the most important elements of selling a home were 1.) Price and 2.) Condition. After working in the industry for many years now, I disagree. In my experience, MARKETING is equally important when selling a home.

All 3 elements are important:

  1. Price
  2. Marketing
  3. Condition

There are more options to marketing a home than ever before, which is why marketing your home properly has never been more important to sell it for the most amount of money. The way a home is displayed online determines how much attention it

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August 2017 Colorado Springs Real Estate Market Statistics

 

The Colorado Springs Real Estate Market Report for August 2017

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

The Bottom line:

August is the month when we see a typical shift from the Summer to Fall season. The Days on the Market and List to Sold Price Ration show the activity from all of the contracts written in the end of Summer, while the New Listing stat shows the slow down in current activity for the Fall season. It's the natural progression of our selling season, but our stats are still very impressive for this time of year.

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

August 2017

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July 2017 Colorado Springs Real Estate Market Statistics

 

The Colorado Springs Real Estate Market Report for July 2017

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

The Bottom line:

 July was another month of low inventory and increased sales prices. Our median sales price is over 10% higher than this time last year. As this strong seller's market continues, home prices continue to rise in the area.

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

July 2017 Colorado Springs Real Estate Statistics

  • New Listings: 1,943 (Up +0.06% from last year)
  • Sold Listings: 1,646 (Up +10.8% from last year)
  • Total Active Listings: 2,366 (Down -14.9% from
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Pros and Cons of Buying and Older HomeThinking of buying an older home? Read this first…

“We’ve found a beautiful Victorian home near downtown. All we need to do is replace the kitchen, wraparound porch, heat system and windows… our budget is $700.”

There is the Romantic idea of what it would be like to live in a charming old Craftsman Bungalow on a tree-lined avenue near downtown…

...and then there is the Reality of what it’s like to own and live in one (and it’s not always as charming as HGTV makes it out to be).

Our hope is that this will be a simple guide to help you make the best decision. This article is not designed to steer you in one direction or the other, but rather to give you some practival examples and useful case studies to make an informed decision on your own.

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June 2017 Colorado Springs Real Estate Market Statistics

 

The Colorado Springs Real Estate Market Report for June 2017

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

The Bottom line:

Our local real estate market continues to sour to new heights. June set another record for the most amount of homes sold in the recorded history of PPAR data. There appears to be no end to the home buyer demand in Colorado Springs. The numbers just keep rising and rising.

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

June 2017 Colorado Springs Real Estate Statistics

  • New Listings: 2,278 (Up +9.8% from last year)
  • Sold Listings: 1,743 (Up +5.3% from last year)
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Home Staging Whats The Big Deal Infographic

Home Staging IconDo I really need to stage my home before selling it? The answer is probably "Yes!" Home Staging is an extremely important tool in your Marketing Package. You can have beautiful, professional photos and video, get lots of showings, but still have a hard time getting offers if your home shows poorly.

The Cost of Listing an UnStaged Home in Colorado Springs:

In an extensive 2013 Study of almost 170 Homes between the price range of $300k-$499k, RESA (the Real Estate Staging Association), found that Staged homes sold an average of 22 Days on the Market (DOM), while their un-staged competition held an average of 125 DOM.

The Cost of Listing An Unstaged Home

As of May 2017, PPAR (Pikes Peak Association of Realtors) lists the Average price for a Single-Family home in

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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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