Market Update Oct 2012
By Luther
November 20, 2012

The number of homes sold was up 4.7% compared to lastOctober. There are currently 3513 active single family listings on the market in the Pikes Peak region compared to 3959 last year in October, which is an 11.3% decrease. New listings on the market were up 12.4%. The average sales price was up 8.3% compared to last October to $239,945.

The median single family sales price was up 14.2% in October (same number of homes sold above as below). Last year's median number was $185,000 and this year's October stat was $211,650. 

 There are currently 376 active condo/townhomes listings on the market compared to 464 last year in October, which is a 19% decrease. Sales were up in October by 36.7% compared to last year and up 24.1% compared to last month. The average purchase price for condo/townhomes was up 17.4% to $134,750.

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

Access Real Estate Professionals Inc.

22 Years ofmExperience

For a Free List ofmDistressed 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:


Direct 719-528-2406

Cell 719-310-2404