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Colorado Springs Real Estate Market Snapshot March 2013

Posted by Susanna Haynie on April 4, 2013
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Colorado Springs March 2013 StatisticsColorado Springs Real Estate Market March 2013 – Latest Statistics are available!

What do you need to know?

While single family home inventory nearly remained the same, sales jumped by about 200 transactions. This is tightening the market for home buyers even more.

If you are currently looking to buy a home, this means you’ll have to be fast, possibly bid above listing price and possibly expect a multiple offer situation.

ice Colorado Springs mar-13I have spoken with several Realtors and all are agreeing that ‘selling’ season has begun much earlier this year than the previous years. Generally military [rotation] sales do not really begin until April , therefore it’s hard to say if that was a factor in sales increase. However, interest rates are still low and programs like El Paso County’s Down Payment Assistance Grant allow non VA borrowers to purchase a home with little or no money down almost like a VA borrower.

Unemployment is slightly down as well. It remains to be seen what effect the sequestration will have on our real estate market.

Average and Median Home Prices

Median (red) home prices have hovered around the $200,000 mark. Whereas the average sales prices (blue) seem hover around the 235K mark, with February to March taking the largest jump of $17K in the last 18 months.

It will be exciting to see the change over the next few months. Overall the market is expected to rise, however, Colorado Springs is its own little universe, because we do have such a large military and military connected community.

If you have any questions please feel free to call me any time. I would be happy to speak with you. 4719-321-0800

Colorado Springs Average and Median Sales Prices March 2012-2013
Average SPMedian SP
Mar-12217097189000
Apr-12221125192525
May-12233065210000
Jun-12245938211214
Jul-12236062212000
Aug-12235711210500
Sep-12223497194000
Oct-12239945211650
Nov-12231885203000
Dec-12243180209700
Jan-13227575205000
Feb-13222357199000
Mar-13239623212000
Colorado Springs Statistics March 2012 2013
For SaleSales
Mar-123271723
Apr-123383784
May-123605925
Jun-123704846
Jul-123830973
Aug-123863898
Sep-123722773
Oct-123513794
Nov-123322741
Dec-122933702
Jan-132930660
Feb-133035664
Mar-133046867
Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period  March 2012 through March 2013 . 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. Copyright © 2013 REALTOR® Services Corp.

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