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.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Colorado El Paso County Colorado Springs
Groups:
ACTIVE FIT
Dedicated Bloggers
Posts to Localism
Realtors®
The Lounge at Active Rain
Tags:
colorado springs real estate market stats
colorado springs real estate market
colorado springs realtor

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the world to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
1,415,873
Rebecca Gaujot, Realtor®
Coldwell Banker Stuart & Watts Real Estate - Lewisburg, WV
Lewisburg WV Real Estate, Greenbrier County

nice summary of the real estate market in Colorado Springs.  This is a reminder to get busy on my market report.

Feb 05, 2011 07:35 AM #1
Rainmaker
910,458
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Great job presenting the market stats for you area. I know there are many that like to follow the market.

Feb 05, 2011 08:33 AM #2
Rainmaker
556,060
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Rebecca,

Appreciate your comments.  I need to learn how to create the market absorption charts.  Nonetheless, I like to summarize things without confusing the consumer.

Feb 05, 2011 10:25 AM #3
Rainmaker
556,060
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

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.

Feb 05, 2011 10:26 AM #4
Rainmaker
1,370,261
Ron & Alexandra Seigel
ra@napaconsultants.com - Carpinteria, CA
Luxury Real Estate Marketing

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

Feb 05, 2011 03:05 PM #5
Rainmaker
556,060
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

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

Feb 05, 2011 03:11 PM #6
Rainmaker
312,553
Lori Churchill Cofer
Beasley Realty - Pullman, WA
Realtor - 509-330-0086 - Pullman, WA

Cherise,

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

Feb 05, 2011 10:38 PM #7
Rainmaker
556,060
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Lori,

Gordon here.  Thanks for your wishes... g

Feb 06, 2011 04:41 PM #8
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
556,060

Cherise Selley

Colorado Springs Realtor
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: