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

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

Sweet as Honey

Not everything has the sweet taste of honey when it comes to expecting the Colorado Springs Real Estate market to continue an upward trend in sales, average sales prices and median sales prices on a non-stop basis. Sometimes adding salt to the honey actually makes things turn out better in the long run.

Don’t we all want our prospective real estate markets to rebound sufficiently, then function more healthily as this correlates to values, despite glitches in the overall economy? Regarding our real estate market in Colorado Springs, the taste of honey remains even though there was a hiccup found in the sales reports for November 2012.

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

  • The strongest supporting variables about the market are low listing inventory (3,322) and historic low interest rates. Low is the operable word of choice.
  • Compared to last year, the numbers look great across the board. New listings are up 13.7%. Actual sales are up 14.9%. And the average sales price is 6.3% higher, specifically at $231,885.00.
  • After the election, the fiscal cliff has loomed large on the psyche of the potential buyer and seller. Our market experienced a tightening of the belt with reduced sales of 6.7% since October, as well as corresponding drops in the average and median sales prices.

I anticipate that the numbers will look similarly next month as we close out 2012. Our group of seasoned agents anticipates a great year in 2013, expecting the honey to add sweetened flavor to those who are active in the real estate lifestyle.

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

 

 

 

 

 

 

Comment balloon 7 commentsCherise Selley • December 13 2012 02:59PM

Comments

Good evening Gordon and Cherise,

Love your photo and the message on your listing and sales summary report for Colorado Springs real Estate in 2012! Ints not a wonder your group of seasoned agents anticipates a great year in 2013, expecting the honey to add sweetened flavor to those who are active in the real estate lifestyle.

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker Realty ~ 512.750.6899) almost 8 years ago

The listings up, sales up is great Gordon and Cherise. Our inventory is down, due to people gun shy about putting houses on the market right now. The honey photo is ... well ...  SWEET.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) almost 8 years ago

Gordon,

Glad to hear you all are projecting a great year ahead.  It is clear that the fiscal cliff is affecting all of us, and I wish those dudes in Congress would realize that.  LOL A

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

Dorie,

MM...I hope we all can have a taste of honey, especially the consumer... g

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

Gary,

Gun shy might actually carry more meaning than we think... g

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

Alexandra,

If we could stop the pay for all the politicians until some matters got settled, then I have a sneaking suspicion that much more would get accomplished in Congress... g

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) almost 8 years ago
Just dropping by to say Merry Christmas to you and Cherise! Have a great time!
Posted by Eileen Hsu, LICENSED REAL ESTATE SALESPERSON (Douglas Elliman Real Estate) almost 8 years ago

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