Sales were up compared to last February with an increase of 14.7%. There are currently 3224 active single family listings on the market in the Pikes Peak region compared to 4315 last year in February, which is a 25.3% decrease. New listings on the market were down by 6.1%. The average sales price was down 9.8% compared to last February. With supplies down and demand up for several months in a row the market is improving.
The median single family sales price was down 7.2% in February 2012. Last year's median number was $190,457 and this year's February stat was $176,750.
There are currently 84 active condo/townhomes listings on the market compared to 625 last year in February, which is a 38.6% decrease. Sales were up in February by 12.2% compared to Feb 2011 and up 9.2% compared to last month. The average purchase price for condo/townhomes was down 4.8% to $120,000 compared to Feb 2011 stats.
With demand increasing and sale prices low this is agreat time to jump into the market. If demand keeps up the prices will begin to improve.
Luther Benson - Broker/Owner
Access Real Estate Professionals Inc.
22 Years of Experience
For a Free List of Distressed Homes go to:
For a list of all available homes on the MLS go to:
Learn the 7 costly mistakes buyers and sellers make on my web site:
Toll Free 877-528-2406
The highest form of compliment I can receive is your trust by referring me to your family,
friends and co-workers. I promise to provide exceptional service, respect and
care to you or anyone you may refer.