Welcome to 2013!
Despite all the trials we endured last year, as I know many of you did as well, the recovery and growth of the market continues to move forward, day by day, even as we have eclipsed the January calendar of 2013.
Many segments of our local market mimic some pricing numbers seen back in 2005, which was a very robust economy. And as far as listing inventory, the graphs depict similar shapes and sizes seen in 2001. Good things are happening. People seem to grasp the idea that shelter is one of those assets essential to living a transformed life, as well as recognizing that real estate is always a good investment, depending upon the needs of the investor.
When looking at the Listing and Sales Summary of single family/patio homes for December 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 progress of our local market are low listing inventory (2,933) and historic low interest rates. Low is the operable word of choice. In fact, the total number of active listings on the market is 10.7% less than last year.
- Compared to last year, the numbers look great across the board. New listings are about the same as last year. Actual sales are up 7.8%. And the average sales price is 15.4% higher, specifically at $243,180.
Feel free to visit our site. Cherise Selley, Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors .Contact our group or visit 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 December 2011 through December 2012. RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”