Listing and Sales Summary – Colorado Springs Real Estate – January 2011

By
Real Estate Broker Owner with Selley Group Real Estate, LLC

colorado springs housing market

This is a brief overview of all single family/patio homes for the buyer, investor and/or seller who wish to participate in the Colorado Springs Real Estate market.

When comparing the new listing and sales data from January 2010 to January 2011, here are some very positives numbers to consider, given the ongoing geo-political events, such as the Egyptian protests about radicalism, around the world:

  • New listing inventory for January 2011 is 1,202, which is down about 15.9% from January last year.
  • The actual sales during the month of January is virtually the same with only a difference of 0.9%, in which January this year (460) is 4 less sales than January last year (464).
  • Again, the close to 1% difference is also noted in the median sales price, in which January this year is slightly higher than last year at $180,000.
  • Total active listings are almost identical from December 2010 (4,327) to January 2011 (4,326).

With many of the numbers closely related to the January 2010 figures, there is much optimism, given the market sales, as well as the stability about home prices reflects some momentum changes forward, and this is without any federal tax credit stimulus for the buyer.

Also, sellers are carefully listing their homes and are willing to negotiate, understanding that there is some “give-and-take” when it comes to getting the home off the market and finished at the closing table.

Personally, I suspect a similar Colorado Springs Real Estate market performance this year as compared to last while our nation tries to recover from its unemployment woes, as some economic strategists are hopeful that the jobless figures might plunge under 9% before the 4th quarter begins.

“Based on information from the Pikes Peak REALTOR® Services Corp. (RSC), for the period January 2010 through January 2011.  RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”

Feel free to contact Colorado Springs Realtor, Cherise Selley, at Selley Group Real Estate, LLC:  2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

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Rainmaker
556,060
Cherise Selley
Colorado Springs Realtor
Selley Group Real Estate, LLC

Bill,

You are the king at market statistics for Massachusetts.  I guess we think alike when it comes to providing valuable information to the consumer.

February 05, 2011 10:26 AM
Rainmaker
1,219,789
Ron & Alexandra Seigel
Luxury Real Estate Marketing
ra@napaconsultants.com

Gordon,

The Wall Street Journal reported that we were at 9% yesterday...I agree with you, we need to get way below that.  Have a wonderful Saturday.  A

February 05, 2011 03:05 PM
Rainmaker
556,060
Cherise Selley
Colorado Springs Realtor
Selley Group Real Estate, LLC

Ron & Alexandra,

Yes, I'm well aware of this, yet I'm counting the true numbers below 9, which include a hefty amount of part-timers and those who have given up about reporting unemployment.  Hope you all have a great weekend... g

February 05, 2011 03:11 PM
Rainmaker
312,028
Lori Churchill Cofer
Realtor - 509-330-0086 - Pullman, WA
Beasley Realty

Cherise,

Wishing you a successful selling season...and outstanding market report!

February 05, 2011 10:38 PM
Rainmaker
556,060
Cherise Selley
Colorado Springs Realtor
Selley Group Real Estate, LLC

Lori,

Gordon here.  Thanks for your wishes... g

February 06, 2011 04:41 PM
Anonymous
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Rainmaker
556,060

Cherise Selley

Colorado Springs Realtor
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