Market Update August 2012, Prices Up
By Luther
September 6, 2012

The number of homes sold was up 7.9% compared to last August. There are currently 3863 active single family listings on the market in the Pikes Peak region compared to 4484 last year in August, which is a 13.8% decrease. New listings on the market were up 22%. The average sales price was up 6.5% compared to last August to $235,711.

The median single family sales price was up 10.2% in August (same number of homes sold above as below). Last year's median number was $191,000 and this year's August stat was $210,000. 

There are currently 443 active condo/townhomes listings on the market compared to 537 last year in August,  which is a 17.5% decrease. Sales were up in July by 24.1% compared to last year and up 1.9% compared to last month. The
average purchase price for condo/townhomes was down 16.5% to $133,500.

The cumulative year to date stats show sales up 7% and the average purchase price up 4.8%.

Prices are edging up and rates are incredibly low. This is a great time to sell and/or buy.

Luther Benson -Broker/Owner

Access Real Estate Professionals Inc.

22 Years of Experience

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