While there is still an over-supply of homes for sale in the Pikes Peak region, sales and average prices are improving. 772 Single Family homes sold in April; 50 more than in March, and well above January's low of 534.
April's average (mean) sold price was $239,578, and the median price was $207,750. Both are higher than the previous three months'. The number of active listings was higher (6,175) than in the previous five months; many people took their homes off the market last winter.
Buyers continue to be picky. Excellent condition and competitive pricing are still key, and staging is very important to make your home stand out favorably.
Is this a good time for you to buy or sell? Call us; we're happy to sit down with you and help you assess your situation.
Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 4/1/2007 through 4/30/2008 . RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.
Ken and Sandy Wickham, the authors of this article, are long-time Realtors in beautiful Colorado Springs, CO. They welcome your real estate related inquiries; to contact them, please visit their website.
