There are currently4580active single family listings on the market in the Pikes Peak region, compared to 5147last year in Aprilwhich is an11% decrease. Sales were down slightly compared to last April with a decrease of 5.6%. Of the closed transactions last month 24% were distressed sales.
The median single family sales price was downin April 2011 by 1.4% from last year's numbers to $184,000 and up 2.8% compared toMarch 2011. The average purchase price was down for April 2011 compared to last year by 2.1% to $215,466and down1.9% compared to last month.
There are currently 666 active condo/townhomes listings on the market compared to 628last month. This compared to 825 listings for April 2010 which is a19.3% decrease in listings for sale. Sales were down in April 2011 by24.2% compared to April2010 and up13.8% compared to last month. The average purchase price for condo/townhomes was down6.4% compared to April2010 stats.
The hottest time in the market is Mid April to Mid August. If you are thinking of buying or selling this is the best time of year.
81.4% of sold homes are under $400,000
6.8% of sold homes are between $400,000 and $500,000
8% of sold homes are between $500,000 and $800,000
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