COS: 400K-450K Vital Stats
If you are looking for a home in the Colorado Springs area, be prepared. The average home in the 400,000 – 450,000 is closing 4.59% above list price to the tune of an average of $19,492.
COS: Top 20 Subareas by Volume of Sales
Banning Lewis Ranch (BLR) has overtaken Pueblo West YTD in volume of sales. The average price YTD in BLR is $550,712. The median is $550K.
COS Vital Stats 10 Mar 2022
Three days and sixty one additional sales, the average closed price over list is up almost $900 to nearly $17K. Cash sales down 2% this week. Why does this information matter? It helps agents, lenders, investors, sellers and buyers know what to expect in our market.
COS: Weekly Closed to List Price Ratios 2019+
The CPLP ratio is my favorite measure. It is the closed to list price ratio, the measure of how much above or below people are paying for homes. Here are the Colorado Springs region closed to list price ratios since 2019. As you can see, we hit a three year high of nearly 6% above […]
COS Top 10 Subareas YTD
Here are the top 10 regional subareas year to date by volume of sales. Banning Lewis Ranch gains on Pueblo West, Meridian Ranch not out of the running yet. Why is this important? To me, for me and my clients, it’s about knowing the market, what to expect, where to expect it. Eg., if you […]
COS: Weekly Closed to List Price ratio
Week to date we are at an average of 3.9% over list price. What does this mean? Homes are selling for an average of almost 4% over their asking price. Why does this matter? It helps buyers and sellers know what to expect when making offers or listing their homes.