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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 SP Median SP
Mar-12 217097 189000
Apr-12 221125 192525
May-12 233065 210000
Jun-12 245938 211214
Jul-12 236062 212000
Aug-12 235711 210500
Sep-12 223497 194000
Oct-12 239945 211650
Nov-12 231885 203000
Dec-12 243180 209700
Jan-13 227575 205000
Feb-13 222357 199000
Mar-13 239623 212000
Colorado Springs Statistics March 2012 2013
For Sale Sales
Mar-12 3271 723
Apr-12 3383 784
May-12 3605 925
Jun-12 3704 846
Jul-12 3830 973
Aug-12 3863 898
Sep-12 3722 773
Oct-12 3513 794
Nov-12 3322 741
Dec-12 2933 702
Jan-13 2930 660
Feb-13 3035 664
Mar-13 3046 867
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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