Colorado Springs Realtor - Cherise's Blog: Listing and Sales Summary – October 2012 – Colorado Springs Real Estate

Listing and Sales Summary – October 2012 – Colorado Springs Real Estate

well-kept kitchen

Some people feel like there wasn’t much of a choice regarding the presidential election.  The better of the least desirable has been a resonating theme for many.  In regards to shrinking listing inventory, it would be easy to adopt these same attitudes about the Colorado Springs Real Estate market.

Yet, the power of value still pervades against status quo forces.  The well-kept homes, the well-staged homes and the above average efforts on part of the Sellers are bringing favorable results when it comes to home sales – time on the market and gleaning maximum value on their homes.

When looking at the Listing and Sales Summary of single family/patio homes for October 2012 (provided by the Pikes Peak REALTOR® Services Corp), this Colorado Springs CO Realtor would like to share a few thoughts to consider.

  • Compared to last month (September), the number of active listings on the Colorado Springs Real Estate market has decreased 5.6%, precisely 3,722 down to 3,513.
  • This is a Seller’s Market with market absorption rates showing 4.4% in favor of the Seller who has his or her residential property on the market for $400,000 and under.
  • Sales remain strong, growing at a steady pace of 2.7% from this time last month.  When comparing October sales figures, from 2011 to 2012, the numbers show an increased finding of 4.7% overall.
  • The good news about the actual sales of Colorado Springs homes is that as sales continue to rise so does the average and median sales prices.  Average sales price for October 2011 was $221,534.  Average sales price for October 2012 is $239,945 – stable and showing healthy recovery.

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 October 2011 through October 2012.  RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”

Comment balloon 5 commentsCherise Selley • November 08 2012 08:51AM

Comments

Cherise & Gordon, This is another well written and informative post regarding Colorado Springs Real Estate.  The Selley Group knows the local market.  If anyone is looking to buy or sell in Colorado Springs and surrounding communities they definitely want to call Cherise Selley, Colorado Springs Realtor - 719. 598. 5101.

Posted by Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate (KD Realty - 408.972.1822) almost 8 years ago

Gordon,

I agree but the stock market is making me nervous, very nervous. LOL A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) almost 8 years ago

Kathleen,

Thanks for your confidence in us... g

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) almost 8 years ago

Alexandra,

When it comes to Wall Street, the older I get the more unpredictable its findings become.  Why didn't the Market react this way for the past 18 months, as the fiscal changes have not changed?  g

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) almost 8 years ago

 i havent heard from you since checking if you were active so I am going to unfollow you.  Please message me if you come back and I will re add you.  Or if you are ever in Lethbridge Alberta and want to search lethbridge houses for sale

Posted by Robert May, Real estate consulting (Robert W May - Lethbridge Real Estate) over 4 years ago

Participate