The number of homes sold in the Pikes Peak region was down 3.1% in December which is only the second month last year with a decline. There are currently 3223 active single family listings on the market in the Pikes Peak region compared to 2933 last year at this time a 9.9% increase. New listings on the market were up 7.4% .The average sales price saw its first decline for 2013, down 2% to 238,273 for December.
The median single family sales price is up .7% compared to last year in December (same number of homes sold above as below).
There are currently 348 active condo/townhomes listings on the market compared to 298 last year at this time which is a 16.8% increase. Sales were up 11.2% compared to last December. The average purchase price for condo/townhomes was down 5.4% to $148,958.
Prices for 2013 were up 6.2% and the number of sales up 17.9%. The average purchase price for 2013 was $244,613 compared to 230,415 for the year before. Volume was up 25.2%. 2012 volume totaled $2,107,375,590, compared to $2,638,395,818 for 2013 (yes that’s Billion). The average days on market for 2013 was 71 compared to 82 in 2012.
Condo/townhome sales were up 26.2% and the average purchase price up 9.9%.
Rates are still 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
23 Years of Experience
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