Blog

Market Update Oct 2014, Home sales up 23.8%
By Luther
October 7, 2014

There are currently 3831 active single family listings on the market in the Pikes Peak region compared to 4070 last year at this time which is a 5.9% decrease. New listings on the market were up 8. The average sales price is up 3.3% to $253,218. Sales were up 23.8%. The cumulative year to date average price is up 2.6% and YTD sales up 1.2%.

The median single family sales price was up 5.6% compared to last year in Sept (same number of homes sold above as below).

There are currently 405 active condo/townhomes listings on the market compared to 472 last year at this time which is an 11.2% decrease. Sales were up 51.5% compared to last Sept. The average purchase price for condo/townhomes was actually down 6.6% to $162,458.

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. Visit our website at www.lutherbenson.com to view all listings on the MLS or call us and we can create your own personalized home search!