Who Says The Colorado Springs Real Market is Slow?

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

Active Real Estate Market

Who says that the market is slow?

The last two contracts I have written both have multiple offer situations going. Yes, multiple offers - one on a $465,000 home in University Park! Also, in one of my recent board meetings, a member said that he saw an average of 4 competing offers on the bank-owned listings that were coming across his desk.

We are in for a great 2012! There is less than a 5 month supply of inventory for buyers - pricing is not appreciating in most areas yet, but we seeing progress, the $300's - $400's are picking up a lot! It's fun to discuss these dynamics with the best researcher on the market that I know, our exceptional broker Ben Day!

Feel free to contact Colorado Springs Realtor, Cherise Selley, Active Licensed 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

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

 

 

 

 

 

 

 

 

 

 

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Rainmaker
316,254
Shannon Jones
The Shannon Jones Team - Long Beach, CA
Long Beach CA Real Estate

Cherise, the market is hot in our area as well -- particuarly in the entry-level market. We have far more demand than supply right now. Yes, it's a great time to buy -- but it's not always easy for buyers to find something in this market.

Jan 16, 2012 12:07 PM #1
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Shannon,

No it isn't easy right now.  But this will help to create upward trends on home values, which is good for every market... g

Jan 16, 2012 12:11 PM #2
Ambassador
648,384
Marilyn Boudreaux
Marilyn Boudreaux, Century 21 Bono Realty - Lake Charles, LA
Lake Charles LA Century 21 Realtor

Im glad to hear your market is healthy, we have stayed stable and although the only properties with multiple offers are the HUD homes and foreclosures, our local real estate has been very vigourous and the buyers are out looking earlier than usual

Jan 16, 2012 12:52 PM #3
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Marilyn,

That's great!  g

Jan 16, 2012 12:59 PM #4
Rainmaker
1,184,141
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Not me, Gordon.  I didn't say it was slow.  I was proved right!  Congratulations.  That is indeed good news for your area, and hopefully all of ours.

Jan 16, 2012 01:04 PM #5
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Jane,

No, it's not slow, perhaps stalled in various price ranges.  Thanks Jane for your comment... g

Jan 16, 2012 01:07 PM #6
Rainmaker
2,919,872
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Gordon & Cherise, Make sure your local media/news reporters know about this!  News media are frequently guilty of reporting gloom and doom … the sky is falling.  That is not the case in the Colorado Springs real estate market.  Anyone looking to buy or sell in Colorado Springs definitely want to give Colorado Springs Realtor Cherise Shelly a call!

Jan 17, 2012 03:41 AM #7
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Kathleen,

We're ready to answer the phone... g

Jan 17, 2012 03:55 AM #8
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