Blog

Market update for Sept 2015
By Luther
October 2, 2015

There are currently 3215 active single family listings on the market in the Pikes Peak region compared to 3831 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 7.2%. The average sales price was up 5.7% to $267,612 in Sept. Sales are up 16% compared to last September.

The median single family sales price is also up 6.7% compared to last year in September (same number of homes sold above as below).

There are 277 condo/townhomes on the market compared to 405 last year at this time. The average condo/townhome price is up 10%. The median price for Condo/townhomes is up 6.7% to $178,978 and sales are up 20%.

Cumulative year to date, sales are up 19% and the average price is up 7.4%.

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

Market update August 2015, Sales up 24.5%
By Luther
September 9, 2015

There are currently 3378 active single family listings on the market in the Pikes Peak region compared to 4104 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 9.6%. The average sales price was up 5.8% to $273,381 in August. Sales are up 24.5%.

The median single family sales price is also up 5% compared to last year in August (same number of homes sold above as below).

There are 295 condo/townhomes on the market compared to 403 last year at this time. The median price for Condo/townhomes is down 1.4% to $149,450 and sales are up 12%.

Cumulative year to date, sales are up 18% and the average price is up 7.6%.

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

Market Update July 2015
By Luther
August 6, 2015

There are currently 3409 active single family listings on the market in the Pikes Peak region compared to 4226 last year at this time which is a 19% 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%. The average sales price was up 3.1% to $275,417 in July. Sales are up 14%.

The median single family sales price is also up 5.7% compared to last year in July (same number of homes sold above as below).

There are 300 condo/townhomes on the market compared to 401 last year at this time. The median price for Condo/townhomes is up 4.5% to $155,500 and sales are up 23%.

Cumulative year to date, sales are up 19% and the average price is up 8%.

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

Market Update May 2015
By Luther
June 24, 2015

There are currently 2889 active single family listings on the market in the Pikes Peak region compared to 4009 last year at this time which is a 27.9% decrease. 2631 homes were under contract scheduled to close at the end of May Fewer listings, creates more demand which should help to drive prices up and help homes sell faster. New listings on the market are down 2.5%. The average sales price was up 13.9% to $276,946 in April. Sales are up 24.3%.

The median single family sales price is also up 12.4% compared to last year in May (same number of homes sold above as below).

There are 286 condo/townhomes on the market compared to 425 last year at this time. The media price for Condo/townhomes is up 4% to $156,000 and sales are up 43.8%.

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

Market Update for April 2015, Sales up 21.9%
By Luther
May 4, 2015

There are currently 2694 active single family listings on the market in the Pikes Peak region compared to 3691 last year at this time which is a 27% 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 6.5%. The average sales price was up 10.1% to $235,000 in April. Sales are up 21.9%.

The median single family sales price is also up 10.3% compared to last year in April (same number of homes sold above as below).

There are 281 condo/townhomes on the market compared to 385 last year at this time. The average price for Condo/townhomes is up 8.6% to $166,814 and sales are up 37.2%.

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