Market Peak: May 2017
The highest sales in the month of April were matched by 12%+ appreciation and the first ever average price across $310,000.
Market Peak
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Market Peak: 1st Quarter 2017
Our new Quarterly Market Peak flushes out the data in a more robust statistical format to better track price and unit performance every three months. When compared to the same point as April 2016 and the end of 2016’s first quarter, the 11% sales increase is even more impressive. Areas like EAS and N/E are […]
Market Peak: March 2017
The unprecedented supply and demand crunch continued in February resulting in buyers steadily increasing their top-end price parameters. What creates appreciation is the inability to buy product A for price y, and instead having to buy product B for price y + premium. That “premium” is getting larger and larger with each advancing day as […]
Market Peak: February 2017
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 […]
Market Peak: January 2017
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.
Annual Report: 2017
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 […]
Where to Buy 2017: Woodland Park
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 […]
Where to Buy 2017: West
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 […]
Where to Buy 2017: Tri-Lakes
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) […]
Where to Buy 2017: Southwest
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 […]
