Market Update for September
By Luther
October 30, 2011
Did you know that over 1800 homes sold in the 4th quarter of last year and we are on target to exceed that this year. Don't buy into the misconception that homes don't sell in the 4th quarter of the year.
There are currently 4196active single family listings on the market in the Pikes Peak region compared to 5556 last year in September which, is a 24.5% decreaseNew listings on the market were down by 13.6%. Sales were upcompared to last Sept 2010 with an increase of 11.4%Of the closed transactions last month 16% were distressed sales. 
The median single family sales price was Down 4% in August 2011. Last year's numbers were $195,000 and this years Sept stat was $187,500.  The average purchase price was down last month compared to last year by 5.2% to $518,526 from $230,419.
There are currently 478 active condo/townhomes listings on the market compared to 537 last month. Sales were up in Sept 2011 by 7.5% compared to Sept 2010 and up 14.9% compared to last month. The average purchase price for condo/townhomes was down 7.5% compared to Sept 2010 stats.
Year to date sales are up compared to last year by .5% and prices are down 4.1%.
Colorado Springs Listed Among the best markets in 2012
By Luther
October 30, 2011

Rich Laden of the gazette wrote an article in the Colorado Springs Gazett that stated the housing market will stage a turnaround in 2012 and become one of the nation’s best, according to a national forecast by Builder Magazine. According to Builder magazine the Springs ranks No. 7 on Builder’s Top 20 list of healthiest markets the magazine is projecting for next year.

The article sited that the Department of Defense’s major presence in the Colorado Springs area —  which includes Fort Carson, Peterson Air Force Base and Schriever Air Force Base — will serve as a catalyst for the local housing market, Builder suggests.

The magazine suggests Moody’s expects indicate the Springs-area home prices will climb 2.6 percent next year, while job growth will increase 1.4 percent, numbers of households will rise 1.8 percent and median incomes will jump 2.9 percent.

John Cassiani is the incoming president for the Colorado Springs Building Assoc. Cassiani says, other positives include rock-bottom mortgage rates and low prices. Many builders continue to offer incentives, such as free landscaping and finished basements.

read the full article Here:

Halloween 2011
By Luther
October 31, 2011

The weather in Colorado Springs is cooperating this Halloween with highs near 70 deg F. The leaves are still turning and the lawns are still green making it a colorful Colorado day. Be sure to screen your childrens candy for unwrapped or unsealed pieces when they arrive home from the evening of trick or treat fun. Be safe and Happy Halloween from Luther Benson and the staff at Access Real Etate Professionals.