Colorado Springs Real Estate Blog

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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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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