When looking at the Listing and Sales Summary of single family/patio homes for September 2012 (provided by the Pikes Peak REALTOR® Services Corp), this Colorado Springs CO Realtor would like to share a few thoughts to consider.
- Amazingly, Sellers remain steadfast about putting their listings on the market, especially those homes priced above $400,000. What I have seen is that most listings (if properly staged and cared for) are moving quickly, in terms of sales. Personally, I have had a few listings that have literally sold before I have fully put them up on our PPMLS.
- Good homes equate to value. And people are buying those homes which emulate value.
- New listings are down 21.7% from last month – specifically 1,085 new listings for September compared to 1,386 for August.
- There is a down trend in the sales figures for September. Though the numbers reflect a 15% higher sales number as compared to September 2011, there is a 13.9% decrease in actual sales from one month ago.
- There is also a down trend in average sales prices from last month, specifically from $235,711 to $223,497. Despite this temporary slide, the average sales price remains 2.3% higher than the statistics of September 2011.
Given the uncertainty of the close campaign race between Obama and Romney, I actually thought the numbers might appear more bleak, given the negative media blitz from both political parties and their respective candidates.
Yet, despite all the leadership quandaries of the US, I must say that our real estate brokerage is quite busy for this time of year. People are still buying, and people are still listing their properties, as they cooperate with the reasonableness of what it takes to sell their property. Again, value is still the unspoken buzz word for buyers, sellers and investors these days.
When considering the breathability of the market, I believe we will see many more residential properties listed during the first quarter of 2013. This will likely create upward movement in the market, as higher end properties are available for sale. It seems like the lower end inventory has been exhausted, especially when analyzed against buyer needs for value and with respect to the higher market.
Higher value does not necessarily equate to unaffordable housing. Great deals still exist, and affordability is part of the equation of the home buying process in Colorado Springs.
Feel free to contact Colorado Springs Realtor, Cherise Selley, Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors @ www.selleygroup.com or 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101
All agents affiliated with Selley Group Real Estate, LLC are actively licensed in accordance to the laws of Colorado.
Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.
“Based on information from the Pikes Peak REALTOR® Services Corp. (RSC), for the period September 2011 through September 2012. RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”