The number of homes sold is up 7.8% compared to December 2011. There are currently 2933 active single family listings on the market in the Pikes Peak region compared to 3285 in December 2011, which is a 10.7% decrease. New listings on the market were up .3%. The average sales price in December 2012 is up 15.4% compared to December 2011 to $243,180.
The median single family sales price is up 13.4% compared to December 2011 (same number of homes sold above as below). 2011’s median number was $185,000 and December 2012’s stat was $209,700.
There are currently 298 active condo/townhomes listings on the market compared to 373 in December 2011, which is a 20.1% decrease. Sales were Down in December by 4.3% compared to December 2011. The average purchase price for condo/townhomes was on Par at 0.0% to $157,516.
Giving us a better picture of the 2012 market trends we see that the average sales price is up 5.8% for 2012 compared to 2011. Sales were up 8.1% and volume up 14.4%
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.
Luther Benson - Broker/Owner
22 Years of Experience
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