734 single family homes sold through the Pikes Peak multiple listing service in September, up from 695 sold in September 2007. The number of active listings was actually down year over year: 6030 actives during September 2008 vs. 6767 last September.
The trend of stronger sales in the lower and mid price ranges continues; half the homes sold for under $200,000, and another 230 sold between $200,000 and $399,000. 374 of the sold homes had three or fewer bedrooms.
The average Days on Market for El Paso County single family homes was 95 days, and homes sold for an average of 96.5% of the list price. According to the figures from Pikes Peak RSC, Teller County residents face a few more challenges, with longer DOM (110), and an average sales to list price ratio of 92.9%.
6,696 single family homes sold from January through September, which is in between the number of homes sold during the first three quarters of 1998 and 1999, when there were far fewer listings.
Real Estate is always local (and "hyper" local, as trends vary by area and neighborhood), so don't assume what you hear in the press necessarily applies to the Pikes Peak region. We're always glad to answer your questions, so please give us a call.
Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period September 1998 through September 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 are Realtors who have been linking buyers in sellers in the beautiful Colorado Springs area for many years. To contact them, call 719-534-7919 or 800-599-8500 ext. 1120.
Thanks for the insight.