The start of July was gangbusters in terms of new listings coming to market. Happening at precisely the same time that buyers started to slow down, and at the same time that rates steadily began declining below 4%, the remaining buyers got a little power hungry and started shopping rather than buying. The first two […]
OUTLOOK #1 The Listing Monsoon has begun. It used to be the market norm that April and May were big listing months anticipating the wave of buyers in May, June and July. Well now buyers get serious by February and sellers don’t start hitting the market in large numbers until May. Active listings to Under […]
What an interesting bind… when I started in real estate in 1999, April through August was relocation season. That season is now January 15th through May 15th. School is not dismissing any earlier, we are not going to work in flying cars, but we do live in an age when massive amounts of information is […]
The Data through April 30th, 2019 is INCOMPLETE as PPAR had an error in the Reporting Software that miscalculated Active Listings on the market as well as New Listings in the month of April. So the data you see here are estimates, better known as shots in the dark. The bottomline in May: The market […]
At the present time, interest rates are at a 14-month low, prices are only 3.1% higher (on average) than they were 12 months ago and there are 700+ more under contract properties than actively-listed properties in El Paso and Teller Counties.
Last month, we began with this statement: “the last three weeks have seen the slowed-market reverse course, and for the time being at least, go straight back to market conditions last seen in First Quarter 2018.” Expanding that sentiment as the Spring comes bombing in: Buyers are Buying again. Since the third week of January, […]
The reports of the Colorado Real Estate Market’s Demise appear – at the moment – to be premature. Make no mistake, late July 2018 through December 2018 saw a significant slow down in sales activity across the Front Range. Sales activity at year’s end more closely resembled 2015 than it did the all-out blitz of […]
The last three weeks have seen the slowed-market reverse course, and for the time being at least, go straight back to market conditions last seen in First Quarter 2018. To show how quickly the market is moving, this report was first drafted Tuesday and Thursday last week. On January 1, there were approximately 200 more […]
The poet David Whyte says about the word Genius, “Genius is the meeting between inheritance and horizon, between what has been told, what can be told and what is yet to be told, between our practical abilities and our relationship to the gravitational mystery that pulls us on.” Stemming from the Latin word that describes […]
The Tri-Lakes Region of Northern El Paso County is characterized by large lots and a high prairie ponderosa forest. The town of Monument is very much becoming it’s own city with significant growth on the west side in Forest Lakes and the wildly popular new neighborhood of Sanctuary Pointe near Fox Run Regional Park. One […]