Listing and Sales Summary – November 2011 – Colorado Springs Real Estate

By
Real Estate Broker/Owner with Selley Group Real Estate, LLC

Colorado Winter

Listing and Sales Summary – November 2011 – Colorado Springs Real Estate

When looking at the Listing and Sales Summary for November 2001 (provided by the Pikes Peak REALTOR® Services Corp), this Colorado Springs CO Realtor would like to share a few thoughts to consider.

As winter begins its cycle in November for Colorado Springs, there a few down trends to notice, which are expected for this time of year.  Mainly three areas have shown some decreased numbers; however, this is not all bad considering that the total active listings are still under the 3,700 mark for El Paso County, which boosts a population figure over a half million people.

Take a peek at the single family/patio statistics of the Big Three Downers:

  • First, new listing inventory is down an incredible 13.4% from last month, and 10.2% when comparing this current November 2011 to November 2010.
  • Second, the Colorado Springs Real Estate yielded its active sales performance from October 2011 of 758 units sold to 645 for this past month. Although this is a 14.9% drop off from last month, it is still a whopping 19.0% higher sales mark from the year before.
  • Third, the overall average sales price dropped 1.5% from last month, and when comparing this to November 2010, the average sales price dipped 6.5%, specifically dropping from $233,286 to $218,230.

Personally, I believe this market is poised for many good things to happen, particularly given the fact that the listing inventory (3,667) is very low as compared to the projected population growth of El Paso County.  Another thing I’ve noticed is that my buyer pool is also waiting for more listing inventory to hit the market before he or she plans to get off the fence about making his or her next purchase.

Feel free to contact Colorado Springs Realtor, Cherise Selley, Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors @ www.selleygroup.com or 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

All agents affiliated with Selley Group Real Estate, LLC are actively licensed in accordance to the laws of Colorado.

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

“Based on information from the Pikes Peak REALTOR® Services Corp. (RSC), for the period November 2010 through November 2011.  RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”

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Rainmaker
5,054,745
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Gordon,

Glad to hear a positive trend in statistics.  We are delighted for you and Cherise, and wish you continued success. A

Dec 06, 2011 05:46 AM #1
Rainmaker
733,503
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Gordon, hello! Great analysis on this November Colorado Spring market. Many buyers are sitting on the fence thinking after new years there will be more inventory even in our market. I hope you and Cherise have a great December to close off the year.

Dec 06, 2011 07:14 AM #2
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Ron & Alexandra,

Even the downer points of this blog have some obvious silver linings... g

Dec 06, 2011 07:38 AM #3
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Eileen,

Hope you're enjoying the holidays yourself.. g

Dec 06, 2011 07:38 AM #4
Rainmaker
1,166,575
Paula McDonald, Ph.D.
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Sounds like all of your marketing efforts are paying off.  So glad to hear you guys are having a good year.  You deserve it.   

Dec 06, 2011 07:45 AM #5
Ambassador
1,893,598
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Cherise and Gordon, it sounds like a very healthy Colorado Springs market from what I am reading here. Good luck with the biz in the coming months....

Dec 06, 2011 11:32 AM #6
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Paula,

With all that's happened this year, we're appreciate of God's intervention in our business... g

Dec 06, 2011 04:05 PM #7
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Gary,

Have noticed your MM designation.  That's wonderful.  And certainly hope your biz is dazzling throughout the rest of this year as well... g

Dec 06, 2011 04:06 PM #8
Rainmaker
2,564,723
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Hi Cherise and Gordon, I have a few that are sitting on the fence...hope they decide to get off in 2012. Wishing you both a very Merry Christmas!

Dec 06, 2011 04:36 PM #9
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Merry Christmas to you Rebecca!  Enjoyed your entry about Jim and what he's done for your area... g

Dec 07, 2011 03:27 AM #10
Rainmaker
710,655
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Gordon, very nice, comprehensive market report for Colorado Springs-November 2011.  I hope that your market is poised for good things in 2012!

Dec 07, 2011 09:37 AM #11
Rainmaker
1,184,016
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Well the lower inventory is certainly not a bad thing for prospective sellers, and consequently buyers looking for fresh homes.  This is a glass half-full situation.

Dec 07, 2011 03:24 PM #12
Rainmaker
2,919,617
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Gordon & Cherise, Another detailed and comprehensive Colorado Springs market report.  It seems like inventory is low in many areas.  Buyers are waiting and watching for the newest and best home to hit the market.  This likely may cause prices to begin to increase.  No doubt God’s intervention in your business will continue in 2012 and beyond.  Wishing you a blessed Christmas.

 

Dec 07, 2011 04:14 PM #13
Rainer
124,306
Jon Wade
The Steamboat Group - Steamboat Springs, CO
Steamboat CO Real Estate

I like your approach to stats and will follow your updates.  I see you know Ron and Alexandra too.

Jan 04, 2012 08:02 PM #14
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