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Tri-Lakes, Monument, Colorado Sold Data for December 2009

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Real Estate Agent with ERA Herman Group Real Estate

Tri-Lakes, Monument, Colorado Sold Data for December 2009

Here's some interesting data for the last period of 2009. It shows the maximum and average difference between the list price of homes in the Monument, Tri-Lake MLS area, and the actual sale price. The minimum is scued due to a requirement the has MLS requiring auction homes to be listed for $1.00. (Of course they don't sell for that!) But even without the proper list price, you can get an idea of what the botton price range in our market is.

As always, if you have any questions about this data, or would like more information, please feel free to contact me. I'm always glad to help.

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Marianne Snygg, GRI, ABR, ASP
Broker Associate
ERA Herman Group Real Estate

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Colorado Springs and Monument Real Estate

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Ruth Vogt
Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate. - Colorado Springs, CO
719-592-0855 Apply 24/7 www.ColoradoHomeLender.com

Interesting data, Marianne. Sold price is now higher than the list price in the $300k range, huh? Sounds like a transition from a buyers market to a sellers market?

Jan 12, 2010 04:09 AM
Marianne Snygg
ERA Herman Group Real Estate - Monument, CO
ABR, ASP, GRI, SFR

Hi Ruth, thanks for stopping in! I think it can also reflect the loans that offer 103% for renovations, and seller concessions. How about the bond money...are you able to help buyer's with that?

Jan 12, 2010 05:52 AM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Marianne, like Ruth I was surprised the sold price was higher in that category.  Nice chart and interesting info! Thanks Marianne!

Jan 12, 2010 06:20 AM
c m
Colorado Springs, CO

So does this skew the comp figures for sellers/buyers? Or do you take those "$1 listings" into consideration and "set them aside" when working up a comp list for clients?  It seems really unfair for them to be included, on either side, really...forgive the elementary question, but as a non-Realtor, it is interesting info!

Jan 13, 2010 01:04 PM
Marianne Snygg
ERA Herman Group Real Estate - Monument, CO
ABR, ASP, GRI, SFR

Hi Mary: How are you? Sorry I've been away for awhile. And I'm not sure what's in the future for AR and me. Yeah, I was surprised to see those figures, too. The max looks good, but the average might be skewed by the auction stats.

Hi Cheryl: The $1 auction figure is a list price for an active listings. I choose not to use it as a comp. It's not the same as distressed property. The best comps are the sold listings. The active listing jus give you an idea of what the neighbors think they home is worth,

Jan 15, 2010 01:53 AM
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Marianne Snygg REALTOR(r), ABR, GRI, ASP Monument Homes (Herman Group Real Estate): Real Estate Agent in Monument, CO

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