Blog

Market Update for Colorado Springs March 2016
By Luther
April 7, 2016

There are currently 1941 active single family listings on the market in the Pikes Peak region compared to 2538 last year at this time, which is a 23.5% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 10.3%. The average sales price was up 3.3% to $268,010 in March. Sales are up 16.2%.

The median single family sales price is also up 6.4% compared to March 2015 (same number of homes sold above as below).

There are 142 condo/townhomes on the market compared to 262 last year at this time. The median price for Condo/townhomes is up 12.9% to $161,404 and sales are up 2.6%.

Cumulative year to date sales for 2016 are up 22.4% and the average price is up 4.3%. Average Days on Market is 47.

Rates are incredibly low and prices are moving upward. This is a great time to sell and/or buy. It is also a great time to buy that investment property. Visit our website at www.lutherbenson.com to view all listings on the MLS

Luther Benson - Broker/Owner

25 Years of Experience

For a list of all available homes on the MLS go to:

http://www.Homes4SaleCo.com

Learn the 7 most costly mistakes buyers and sellers make:

http://www.lutherbenson.com

Email: luther@lutherbenson.com

Direct 719-528-2406

Cell 719-310-2404

CPV, CRS

The highest form of compliment I can receive is your trust by referring me to your family, friends and co-workers. I promise to provide exceptional service, respect and care to you or anyone you may refer.

 

Market Update Jan 2016 Colorado Springs
By Luther
February 29, 2016

There is a 2 month supply of homes on the market! There are currently 1900 active single family listings on the market in the Pikes Peak region compared to 2470 last year at this time which is an 22% decrease. Fewer listings, creates more demand which should help to drive prices up and help homes sell faster. New listings on the market are up 12.9%. The average sales price was up .9% to $263,678 in January Sales are up 33.5%. 1113 homes sold in the Pikes Peak region in January, which is a new record going back 23 years (Data prior to 1993 not available).

The median single family sales price is also up .7% compared to January 2015 (same number of homes sold above as below).

There are 147 condo/townhomes on the market compared to 297 last year at this time. The median price for Condo/townhomes is up 15% to $163,495 and sales are up 8.1%

Rates are incredibly low and prices are moving upward. This is a great time to sell and/or buy. It is also a great time to buy that investment property. Visit our website at www.lutherbenson.com to view all listings on the MLS

 

Luther Benson - Broker/Owner

 

25 Years of Experience

 

For a list of all available homes on the MLS go to:

 

http://www.Homes4SaleCo.com

 

Learn the 7 most costly mistakes buyers and sellers make:

 

http://www.lutherbenson.com

 

Email: luther@lutherbenson.com

 

Direct 719-528-2406

 

Cell 719-310-2404

 

CPV, CRS

 

The highest form of compliment I can receive is your trust by referring me to your family, friends and co-workers. I promise to provide exceptional service, respect and care to you or anyone you may refer.

 

2015 Colorado Springs Real Estate Market Review
By Luther
January 18, 2016

With stock market volatility investment minded people should consider adding real property to their portfolio as the local market breaks records!

There is a 2 month supply of homes on the market! There are currently 2133 active single family listings on the market in the Pikes Peak region compared to 2599 last year at this time which is an 18% decrease. Fewer listings, creates more demand which should help to drive prices up and help homes sell faster. New listings on the market are up 14.2%. The average sales price was up 4.3% to $266,553 in December Sales are up 26.8%. 1105 homes sold in the Pikes Peak region in December, which is a new record going back 23 years (Data prior to 1993 not available).

The median single family sales price is also up 6.6% compared to December 2014 (same number of homes sold above as below).

There are 187 condo/townhomes on the market compared to 303 last year at this time. The median price for Condo/townhomes is up 6.3% to $159,430 and sales are up 26.4%.

Cumulative year to date sales for 2015 were up 18.3% and the average price was up 6.8%. Average Days on Market is 60.

Rates are incredibly low and prices are moving upward. This is a great time to sell and/or buy. It is also a great time to buy that investment property. Visit our website at www.lutherbenson.com to view all listings on the MLS

Luther Benson - Broker/Owner

25 Years of Experience

For a list of all available homes on the MLS go to:

http://www.Homes4SaleCo.com

Learn the 7 most costly mistakes buyers and sellers make:

http://www.lutherbenson.com

Email: luther@lutherbenson.com

Direct 719-528-2406

Cell 719-310-2404

CPV, CRS

The highest form of compliment I can receive is your trust by referring me to your family, friends and co-workers. I promise to provide exceptional service, respect and care to you or anyone you may refer.

 

Colorado Springs Market update for Nov 2015
By Luther
December 5, 2015

There are currently 2627 active single family listings on the market in the Pikes Peak region compared to 3134 last year at this time which is a 16% decrease. Fewer listings, creates more demand which should help to drive prices up and help homes sell faster. New listings on the market are up 15.5%. The average sales price was up 8.8% to $267,133 in Nov. Sales are up 4.2% compared to last November.

The median single family sales price is also up 9.6% compared to last year in November (same number of homes sold above as below).

There are 219 condo/townhomes on the market compared to 346 last year at this time. The average condo/townhome price is up 2.5%. The median price for Condo/townhomes is up 14.1% to $160,000 and sales are up 4.9%.

Cumulative year to date, sales are up 17.6% and the average price is up 7.1%.

Rates are incredibly low and prices are moving upward. This is a great time to sell and/or buy. It is also a great time to buy that investment property. Visit our website at www.lutherbenson.com to view all listings on the MLS or call us and we can create your own personalized home search! Call my cell today! 719-310-2404

 

Real Estate Market Update for Colorado Springs Oct 2015
By Luther
November 5, 2015

There are currently only 2936 active single family listings on the market in the Pikes Peak region compared to 3501 last year at this time which is a 16% decrease. Fewer listings, creates more demand which will help to drive prices up and help homes sell faster. New listings on the market are up only 0.8%. The average sales price was up 2.7% to $263,584 in Oct. Sales are up 14% compared to last October.

The median single family sales price is also up 4.4% compared to last year in October (same number of homes sold above as below).

There are 253 condo/townhomes on the market compared to 386 last year at this time. The average condo/townhome price is up 4.8%. The median price for Condo/townhomes is up 5.4% to $169,350 and sales are up 24%.

Cumulative year to date single family sales are up 19% and the average price is up 6.9%.

Rates are incredibly low and prices are moving upward. This is a great time to sell and/or buy. It is also a great time to buy that investment property. Visit our website at www.lutherbenson.com to view all listings on the MLS or call us and we can create your own personalized home search! Call my cell today! 719-310-2404