Salida Colorado's Down Valley: Howard Home Prices for October 2013
As we head into the historically slower months from November to January, Howard Colorado seems to be holding its own. Of the 23 active listings, 2 sold in September and 2 in October. Prices seem steady. The peak in July was from a huge ranch selling. With so little inventory, one big sale can spike the graph, as can be seen below.
The median sale price is $272,000 and the median active listing price is $280,000. Homes are selling at about 96.4% of list price. The days of screaming deals is over. Howard Home Prices have become steady and Howard is slowly recovering. The average number of days on the market is 253, still much higher than the national average of 92 day. One home did sell in 5 days, however. A tiny manufactured home sold for $89,000. In general, the site built homes still take much longer.
Inventory is decreasing a bit. The number of active listings in Howard (81233) dropped 20% from the previous month. Part of that percentage is that homes are still selling and part of it is that folks in Howard are waiting until spring, as buyer interest increases.
The graph below gives you an overview on Howard Market Activity. The number of listings slowly increased over the summer and is now down due to recent sales. New listings peaked in July and are now down. I expect this number to stay down until spring. We have very few distressed listings and currently, there are none in Howard. The day of low ball offers and foreclosure properties are over in our area.
Call us with questions. Of the 8 homes that have sold in Coaldale and Howard over the past 6 months, 4 have been our listings and the 5th was our buyer on another listing... (62% of the activity in that area). We know and love Howard and Coaldale.
Salida Colorado's Down Valley: Howard Home Prices for October 2013
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