All Blog Entries by Andrew Fortune

Found 110 blog entries published by Andrew Fortune.

 

June 2018 Colorado Springs Real Estate Market Statistics Infographic

 

The Colorado Springs Real Estate Market Report for June 2018

According to the new data released by the Pikes Peak Association of REALTORS® for June 2018, the Colorado Springs real estate market is showing signs of a possible slow down.

The Bottom line:

We had nearly the same amount of homes sold this June as we did last year. At the same time, the median home price has risen 12% since last year. Those two numbers will have to balance out soon.

Let's take a look at the June 2018 real estate market for Colorado Springs:

June 2018 Colorado Springs Real Estate Statistics

  • New Listings: 2,051 (Up +10.0% from last year)
  • Sold Listings: 1,737 (Down -0.3% from last year)
  • Total Active Listings: 2,162 (Same
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Home Buyer Checklist - 10 Things to Do Once Your Offer is Accepted

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What Happens After The Seller Accepts My Offer?Buying a house takes time, energy, and focus to get through the process without making a mistake or simply losing your mind altogether. Getting your loan pre-approval completed, finding the right house, structuring a competitive offer, and executing a sales contract can be exhausting.

Once you have a signed sales contract in hand, it may feel as though your work is done; unfortunately, this is not the case. An accepted offer is only the beginning of the process; there's a lot more work to do to get your transaction closed. The most common question buyers ask after their offer has been accepted is: “What happens next?”.

This article will help you stay on track and make sure that you are properly prepared to close your transaction without

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May 2018 Colorado Springs Real Estate Market Statistics Infographic

 

The Colorado Springs Real Estate Market Report for May 2018

According to the new data released by the Pikes Peak Association of REALTORS® for May 2018, the Colorado Springs real estate market is showing signs of a possible slow down.

The Bottom line:

Our local real estate market seems to be speeding up and slowing down at the same time. We had 4% fewer homes sold this May, in comparison to last year. We also had an 11.7% Median Home Price increase over last year. Sales are slowing while home prices are still rising. 

Let's take a look at the May 2018 real estate market for Colorado Springs:

May 2018 Colorado Springs Real Estate Statistics

  • New Listings: 2,030 (Up +1.3% from last year)
  • Sold Listings:
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April 2018 Colorado Springs Real Estate Market Statistics Infographic

 

The Colorado Springs Real Estate Market Report for April 2018

According to the new data released by the Pikes Peak Association of REALTORS® for April 2018, the Colorado Springs real estate market is showing signs of a possible slow down.

The Bottom line:

The Median Sales Price has just reached another record high of $305,000. At the same time, our overall sales have dropped by 1.8% and homes listed has risen by 7.9%. This may mean that our market is starting to slow down a bit from last year.

Let's take a look at the April 2018 real estate market for Colorado Springs:

April 2018 Colorado Springs Real Estate Statistics

  • New Listings: 1,972 (Up +7.9% from last year)
  • Sold Listings: 1,286 (Down -1.8%
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March 2018 Colorado Springs Real Estate Market Statistics Infographic

 

The Colorado Springs Real Estate Market Report for March 2018

According to the new data released by the Pikes Peak Association of REALTORS® for March 2018, the Colorado Springs real estate market is showing signs of a possible slow down.

The Bottom line:

The Median Sales Price has just reached a record high of $300,000. At the same time, our overall sales have dropped by 1%. This may mean that we will experience a slow down soon, which is very much needed for our market to balance out and being home prices to a more reasonable level.

Let's take a look at the March 2018 real estate market for Colorado Springs:

March 2018 Colorado Springs Real Estate Statistics

  • New Listings: 1,758 (Down -0.1% from last
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Colorado Springs Area 5 Year Real Estate Appreciation by Zip Code

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Colorado Springs and the Pikes Peak region have experienced positive appreciation in our local real estate market within the last 5 years. Some areas have appreciated more than others. This article is designed to inform you of which areas have experienced the highest rate of appreciation. This data was gathered from our local Multiple Listing Service (MLS) through Pikes Peak Association of Realtors. Here's a look at the last 10 years of sales in the Pikes Peak region.

 Colorado Springs Median Home Values Over 10 Years

Notice the dip in the median home value between 2007 and 2011. That's when our national housing market crashed during the recession. Notice how we have appreciated every year since 2011. In 2013, we were back at the same median home

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February 2018 Colorado Springs Real Estate Market Statistics Infographic

 

The Colorado Springs Real Estate Market Report for February 2018

According to the new data released by the Pikes Peak Association of REALTORS® for February 2018, the Colorado Springs real estate market is hotter than ever.

The Bottom line:

The Median Sales Price is rising at a dramatically fast paced. This year is going to see crazy high prices, along with increased interest rates.

Let's take a look at the February 2018 real estate market for Colorado Springs:

February 2018 Colorado Springs Real Estate Statistics

  • New Listings: 1,233 (Down -3.2% from last year)
  • Sold Listings: 946 (Up +15.5% from last year)
  • Total Active Listings: 1,984 (Down -12.0% from last year)
  • Median Sales Price: $292,470 (
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January 2018 Colorado Springs Real Estate Market Statistics Infographic

 

The Colorado Springs Real Estate Market Report for January 2018

According to the new data released by the Pikes Peak Association of REALTORS® for January 2018, the Colorado Springs real estate market is hotter than ever.

The Bottom line:

As the U.S. economy started to slow down this month, we can see signs of a possible slow down in the U.S. housing market in the near future. For now, the Colorado Springs real estate market still looks strong, as we are on track for another record year.

Let's take a look at the January 2018 real estate market for Colorado Springs:

January 2018 Colorado Springs Real Estate Statistics

  • New Listings: 1,163 (Up +16.8% from last year)
  • Sold Listings: 938 (Up +3.2% from
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December 2017 Colorado Springs Real Estate Market Statistics

 

The Colorado Springs Real Estate Market Report for December 2017

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

The Bottom line:

As we finished out 2017 with another record year of home sales in Colorado Springs, our numbers for December show that 2018 may be even bigger!

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

December 2017 Colorado Springs Real Estate Statistics

  • New Listings: 8,46 (Up +9.9% from last year)
  • Sold Listings: 1,206 (Up +2.5% from last year)
  • Total Active Listings: 1,350 (Down -12.2% from last year)
  • Median Sales Price: $285,000 (Up +10.6% from last
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12 Pros & Cons of Buying a Home in the WinterIf you ask most real estate agents about the best time to sell your house, you'll likely hear "in the spring and summer months.” In Colorado Springs, our real estate market's overall sales nearly double from winter to summer. For this reason, there is a big difference in sales between these times of the year. 

For most cities, the summer months tend to have many more homes sold than the winter months. This causes some people to think that the summer is the best time to buy or sell, but it's more complicated than that. A townhome downtown might not have a problem selling in the winter, while a 5-acre horse property may have little chance of selling. It really depends on the unique circumstances of each deal.

This article is not meant to persuade you

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