The 2017 Calendar Year began with the fewest available houses in online-recorded history. That only got smaller in February. For homes priced under $400,000 there are two under contracts for every active listing. Correspondingly, the biggest one-month price increase in at least a decade happened, with average price up 13.3% from one-year prior, and the median […]
The 2017 Calendar Year begins with the fewest available houses in online-recorded history. This also results in the tightest relationship between supply and demand ever seen with a mere 1.2 months of inventory available in the Pikes Peak Region.
This is our tenth consecutive year of producing an annual report. As seasoned veterans of local data analysis, we have had our hits and misses, but our experience has taught us how our market moves differently than other markets in Colorado. What we nailed last year in our predictions: Average Price, New Build Permits, and we […]
2017 Commentary Woodland Park had one of the strongest years in the MLS. Average price was up a healthy, Denver-esque 11.8% and the average asking price was up more than $100,000 compared to the year prior. Sales probability is typically lower in Woodland Park due to the number of variables, but even time on market […]
2017 Commentary The West-side saw another strong year with a big gain in the probability of sale and a large drop in the average time on market. But the high-end has been slow in our region and WES has both Kissing Camels and Cedar Heights which had slow years. Average price growth lagged behind the […]
2017 Commentary The “north is just going crazy” was the word on the street in the real estate profession. But that doesn’t quickly come to light when the numbers are viewed. Average appreciation was effectively identical to the MLS, and the price differential (Sales Price divided by List Price, the SP to LP column above) […]
2017 Commentary For many residents that track Colorado Springs Real Estate relative to other markets, a frustration the last two to four years has been “with all these sales, why is our average price not gaining like it is in Denver/Boulder/Fort Collins… even Greeley?” There has been a profound reluctance for buyers of over $600,000 […]
2017 Commentary Where values have risen at Denver-esque levels in the Pikes Peak Region is in Southeast Colorado Springs. The average home has now appreciated 25% in the last two years. Out of 100 listings, 93 were likely to sell. The average house ended up selling above asking price and did so in a couple of […]
2017 Commentary The Powers market east of Powers Blvd. seemed to move in near-perfect symmetry with the greater Pikes Peak Region market. All the stories heard about the super-charged, quick-selling market are here: an incredible probability of sale, basically no-negotiating asking price and a rapidly short time on market. Maybe the healthiest thing of all […]
2017 Commentary Last year, both OCC and EAS MLS areas showed double-digit appreciation. In 2016, both areas seemed to return to earth with average price gains below the MLS average. In Old Colorado City, a little deeper explanation is required. The first part is the fact that the average asking price at year’s end 2016 […]