There are currently 2416 active single family listings on the market in the Pikes Peak region compared to 2284 last year at this time, which is a 5.8% increase. New listings on the market are up 4.1%. The average sales price was up 13.9% to $357,317 in August and Sales were down 7.8%. The median single family sales price is up 11.4% compared to August 2017 (same number of homes sold above as below).
There are 185 condo/townhomes on the market compared to 140 last year at this time, a 32.1% increase. The median price for Condo/townhomes is up 11% to $229,815 and sales are down 5.8%.
Cumulative year to date sales for single family homes in 2018 are up 1.1% and the average price is up 11.2% over 2017. Volume is up 10% in 2018 for a total of $3,776,894,088 so far this year.The market is still robust. 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.
Luther Benson - Broker/Owner
28 Years of Experience
Over $100,000,000 sold
For a list of all available homes on the MLS go to:
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