I wonder what’s on the mind of many who are awaiting possible sequestration in the upcoming three weeks or so.
You might think that many are sitting on the sidelines when it comes to being involved in the Colorado Springs Real Estate market. But sitting on the sidelines is exactly what is not actually happening. Instead, our real estate professionals are seeing an influx of offers on those listings that are available for sale.
When looking at the Listing and Sales Summary of single family/patio homes for January 2013 (provided by the Pikes Peak REALTOR® Services Corp), this real estate agent would like to share a few thoughts to consider.
- Total active listings on the market remain low. How low? 7.2% lower than this time last year, specifically 2,930 residential homes are available for sale in the Colorado Springs Real Estate market.
- Homes priced under $250,000 are being sold very quickly, especially if these have been cared for and remain in good condition for the potential buyer.
- Actual homes sold this January 2013 are 39.2% more than last January. Although the average sales price is 6.4% less than last month, the same trend of increase is seen in the average sales price when comparing it to last January, specifically 11.1% higher.
I do not have a crystal ball about the potential trends in our real estate market for the rest of the year. On one hand, it would be easy to play it safe and make predictions that lean toward conservatism and less spending over 2013. Yet, on the other hand, I am practically seeing a tsunami of new business in which people are determined to get active in the market. This year reveals less hesitation on the part of the buyer, though buying expectations are oftentimes zealous, and many sellers have prepared their homes to sell in the ranges close to asking prices.
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 January 2012 through January 2013. RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”