Listing and Sales Summary – February 2012 – Colorado Springs Real Estate

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

market report

Listing and Sales Summary – February 2012 – Colorado Springs Real Estate

When looking at the Listing and Sales Summary of single family/patio homes for February 2012 (provided by the Pikes Peak REALTOR® Services Corp), this Colorado Springs CO Realtor would like to share a few thoughts to consider.

First of all, there are continual signs of shrinkage in the listing inventory in the Colorado Springs Real Estate market.  Specifically, total active listings are 25.3% fewer as compared to the numbers for February 2011.  Sellers are not budging about what they believe their house is actually worth.  Many sellers have tighter margins to work under and refuse to take gaping losses in their current financial portfolios, as well as how this might impact their future.

Second, the average sales prices wiggled upwards from last month, about 3.8%, increasing from $204,814 to $212,551.  This bodes well for home pricing stabilization and the anticipated increase in home values by the fourth quarter of 2012.

Third, buyer activity is somewhat stalled due to the low listing inventory in the local real estate market.  Buyers do not have the luxury to wait and see what happens with super low-ball offers.  Many properties are getting more than one offer and the offers are coming in pretty close to asking prices.

Feel free to contact Colorado Springs Realtor, Cherise Selley, Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors @ www.selleygroup.com or 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

All agents affiliated with Selley Group Real Estate, LLC are actively licensed in accordance to the laws of Colorado.

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

“Based on information from the Pikes Peak REALTOR® Services Corp. (RSC), for the period February 2011 through February 2012.  RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”

 

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Rainmaker
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Ron & Alexandra Seigel
ra@napaconsultants.com - Carpinteria, CA
Luxury Real Estate Marketing

Gordon,

It is good to hear that the inventory is low, sellers must be breathing a sigh of relief.  So glad you are at the final lap of your book and are now in the process of looking for an agent...I just know the right one will manifest itself.  A

Mar 06, 2012 03:07 PM #1
Rainmaker
556,114
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Thanks Alexandra! g

Mar 06, 2012 04:32 PM #2
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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Gordon, sounds like a real push pull struggle between the sellers and the buyers looking for homes. GREAT analysis of the raw Colorado Springs numbers as always...  our North Texas inventory FINALLY came down after so many new home builders went out of business.

Mar 06, 2012 05:00 PM #3
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - San Jose Probate Agent

Gordon & Cherise, It sounds like it is time for buyers to spring off the fence; get into action; and make realistic offers on Colorado Springs Home. Most importantly, the want to contact Cherise Selley, Colorado Springs Realtor to assit with Colorado Springs home buying and home selling needs.

Mar 06, 2012 06:34 PM #4
Rainmaker
499,657
Cal Yoder
Keller Williams of Central PA East - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

As I read blogs about your area, you are so correct. It is amazing that inventory seems to down consistently. Be well.

Mar 06, 2012 06:47 PM #5
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Judi K Barrett
Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma - Idabel, OK
Broker/Owner, Integrity Real Estate Services -IDAB

Numbers are down and prices are slightly higher.  Fantastic news!  

Mar 06, 2012 07:00 PM #6
Rainmaker
556,114
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Gary,

Sounds like you're going to see the tug-of-war between sellers and buyers as well... g

Mar 07, 2012 09:09 AM #7
Rainmaker
556,114
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Kathleen,

Thanks for the link! g

Mar 07, 2012 09:10 AM #8
Rainmaker
556,114
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Cal,

I think we'll see some higher-priced listings put on the market that will sell closer to these values, instead of the perception that lower-priced listings are determining the actual value of the market... g

Mar 07, 2012 09:11 AM #9
Rainmaker
556,114
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Judi,

Nice trends, indeed... g

Mar 07, 2012 09:11 AM #10
Rainmaker
533,340
Erika Rogers
Re/Max First Realty - Saint George, UT
St George Utah Real Estate & local info.

Hi G, sounds like your market in Colorado Springs is improving!  Love to see that inventory is decreasing and prices are moving up slightly, hope the trend continues throughout the spring:)

Mar 07, 2012 11:55 AM #11
Rainmaker
556,114
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Thanks Erika.  Coral Canyon seems like it is picking up on sales.... g

Mar 07, 2012 02:51 PM #12
Rainer
30,157
Regina Brassil
True Sarasota Real Estate - Siesta Key, FL
ABR, AHWD, e-Pro

We're seeing the same trend here, Cherise. Lower inventory and rising prices, slowly but surely on our way to real estate market recovery! Thanks for sharing the stats.

Mar 08, 2012 01:10 PM #13
Rainmaker
307,582
William True
True Sarasota Real Estate - Sarasota, FL
Sarasota Real Estate

Love to hear these positive trends around the country! Thanks, Cherise.

Mar 08, 2012 01:16 PM #14
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Rainmaker
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Cherise Selley

Colorado Springs Realtor
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