Pueblo West Real Estate Statistics (4th Quarter 2009)

Here are the Pueblo West real estate statistics for 4th Quarter 2009, 10/1/2009-12/31/2009 along with final 2009 sales totals. The figures in parenthesis are the from the same time period in 2008.

SINGLE FAMILY
Of the 117 Single Family Sold, 3 were condo/townhomes.

Residential homes sold 4th quarter by price

10 < $100K
34 between $100-150K
38 between $150-200K
20 between $200-250K
15 over $250K

Residential homes sold 4th quarter by Pueblo West MLS location.

[To describe the Multiple List Service area breakdown, Pueblo West Acreage includes those lots on one acre (+) on the south side of Highway 50, not including the Golf Course area (which are usually smaller lot sizes), Liberty Point (the areas adjacent to Pueblo Lake boundaries) or Pueblo West East (generally areas east of the first McCulloch with smaller lot sizes).  There are two designated manufactured home park areas which are on smaller lots, one on the north side and one on the south side of Highway 50.]

21 Pueblo West Acreage
28 PuebloWest East
23 Pueblo West Golf Course
  3 Pueblo West Liberty Point
  7 Pueblo West Manufactured Homes
35 Pueblo West N of Highway 50

Residential sales are up and inventory is down.   In fact, 4^th quarter sales were actually more than 4^th quarter sales in 2008.   I attribute the increased residential sales to first-time-homebuyers making a purchase to take advantage of the $8000 tax credit which was originally set to expire November 30 (but has since been extended into this year).  Total residential sales are about 20% lower than 2008  sales levels.   There is still time to take advantage of that first-time-homebuyer credit as well as the $6500 credit available to current homeowners who wish to purchase a home.  Interest rates are expected to slowly rise in 2010.

MULTI-FAMILY

Total sales of multi-family homes actually increased in 2009 over 2008.

VACANT LOTS

Vacant lots sold 4th quarter by Pueblo West MLS location:

 1 Pueblo West Acreage
 0 Pueblo West East
 0 Pueblo West Golf Course
 1 Pueblo West Liberty Point
 1 Pueblo West Manufactured Homes
13 Pueblo West N of Highway 50

Lots on the north side of Highway 50 continue to lead Pueblo West lot sales.  These lots tend to be a little less expensive than lots on the south side of Highway 50.   Total sales of vacant lots are 50% less than 2008 lot sales highlighting the depressed building situation.  If you live in Pueblo West or are a local builder and if you are interested in a particular lot because it is adjacent to your property or you want to build, give me a call.  I've talked to many lot owners who want to sell but have decided not to place their lot on the market at this time.

Deb