Blog

Sales Up Again in November 2011
By Luther
December 7, 2011
Homes Sold in Colorado Springs were up compared to last November with an increase of 19%There are currently 3667active single family homes for sale in Colorado Springs and the Pikes Peak region compared to 4746 last year in November, which is a 22.7% decreaseNew listings on the market were down by 10.2%. With supplies down and demand up for several months in a row the market appears to be improving.
 
The median single family sales price was down 6.6% in November 2011. Last year's median number was $198,000 and this year's November stat was $185,000.  The average purchase price was down last month compared to last year by 6.5% to $218,230 from $233,286.
 
There are currently 415 active condo/townhomes listings on the market compared to 733last year in November, which is a 43.4% decrease. Sales were down slightly in November  by 1.5% compared to Nov 2010 and down 15.2% compared to last month. The average purchase price for condo/townhomes was down 2.4to 148,264 compared to Nov2010 stats.
 
The average single family home price is down 4.5% YTDand sales are up 3.4% YTD.
 
With sales up and prices down, even if you have to sell this could be the right time to get in the market!
Call me for a confidential private market analysis.
 
Click on the photos below to see videos of these HOT listings:
   
Luther Benson - Broker/Owner
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