Market Recap for Colorado Springs 2011
By Luther
January 18, 2012
Sales were upcompared to last December with an increase of 3.5%There are currently 3285 active single family listings on the market in the Pikes Peak region compared to 4327 last year in December, which is a 24.1% decreaseNew listings on the market were down by 21.4%. 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 6.8% in December 2011. Last year's median number was $198,500 and this year's December stat was $185,000.  The average purchase price was down in December compared to last year by 9.6% to $210,688 from $232,939.
There are currently 373 active condo/townhomes listings on the market compared to 612last year in December, which is a 39.1% decrease. Sales were up in December by 12% compared to Dec2010 and down 38.8% compared to last month. The average purchase price for condo/townhomes was down 13.3to 157,514 compared to Dec2010 stats.
The average single family home price is down 4.9in 2011. New listings were down by 16.3% and sales were up 3.3%
The average Condo/townhome price was down in 2011 by by 14%.
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.