Blog

Market update for July 2016
By Luther
August 3, 2016

There are currently 2780 active single family listings on the market in the Pikes Peak region compared to 3409 last year at this time, which is an 18.5% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 2.7%. The average sales price was up 6.8% to $294,162 in June. Sales are up 8.6%.

The median single family sales price is up 6% compared to July 2015 (same number of homes sold above as below).

There are 220 condo/townhomes on the market compared to 300 last year at this time. The median price for Condo/townhomes is up 6.6% to $185,685 and sales are up 22.7%.

Cumulative year to date sales for 2016 are up 10.9% and the average price is up 6.1%.

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

26 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

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