There are currently 1350 active single family listings on the market in the Pikes Peak region compared to 1536 last year at this time, which is a 12.1% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 10.9%. The average sales price was up 12.5% to $323,149 in December and Sales were down 2.4%.
The median single family sales price is up 11.8% compared to December 2016 (same number of homes sold above as below).
There are 80 condo/townhomes on the market compared to 140 last year at this time, a 42.9% decrease. The median price for Condo/townhomes is up 8% to $191,200 and sales are up .6%.
Cumulative year to date sales for single family homes in 2017 was up 6.7% and the average price is up 9.9% over 2016. Volume was up 17.3% in 2017 for a total of $5,139,440,493. The average increase of listings on the market over 2016 was 2.9%.
Luther Benson - Broker/Owner
28 Years of Experience
Over $95,000,000 sold
For a list of all available homes on the MLS go to:
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