Listing and Sales Summary – March 2012 – Colorado Springs Real Estate

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

colorado springs market report

When looking at the Listing and Sales Summary of single family/patio homes for March 2012 (provided by the Pikes Peak REALTOR® Services Corp), this Colorado Springs CO Realtor would like to share a few thoughts to consider.

There are some changes that keep occurring in the Colorado Springs Real Estate market – somewhat comparable to the abrupt changes we experience in the weather patterns.  On Sunday, it was the most beautiful day you could imagine, 81 degrees, no humidity and not one cloud in the powder blue sky.  By Tuesday morning, we had 50 mph winds, blowing snow, and temperatures dipped to the freezing levels – dramatic changes indeed.

We have experienced this kind of sharp, undulating patterns on our business graph as well for 2012.  Some weeks are overloaded with busy activity, in fact, way too much for small teams to handle.  Then the next week, everything seems to come to a screeching halt, making it very difficult to strategically plan to give optimal real estate service to buyers, sellers and investors.

Be assured that our group of Colorado Springs Realtors understands the importance of preparation, followed by the delivery of topnotch service. Sales activity is happening!

First, compared to last month, our market experienced an increase in sales by 40.7%, though we are still 6.8% lower than March of 2011.  Yet, the average sales price is 2.7% higher than March 2011, demonstrating the strength of stabilization of our market.

Second, I find it interesting that the listing inventory is as low as it is by the numbers, 3,271 active listings, which is only an increase of 1.5% from February figures.  Personally, I haven’t advertised as many listings lately.  This is not because I do not have any to list. What’s been happening is that several of my listings are selling like hot cakes.  As soon as I get them up on the MLS, it seems like I am getting multiple offers – good ones at that!

Third, buyer activity is somewhat stalled due to the low listing inventory in the local real estate market. Believe it or not, the position of negotiation advantage tilts towards the Seller, especially since market absorption hovers around 4.5 months.  Buyers do not have the luxury to wait and see what happens with super low-ball offers.  Many properties are getting more than one offer and the offers are coming in pretty close to asking prices.

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 March 2011 through March 2012.  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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Ambassador
1,896,223
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Very dynamic, just like the weather, market you have their Gordon. Good luck into the spring selling season peak time of year with the biz.

Apr 04, 2012 02:32 AM #1
Rainmaker
5,225,144
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Gordon,

Glad to hear your listings are getting several offers, and that things are getting better for you...Wishing you continued success. A

Apr 04, 2012 04:29 AM #2
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

thanks Gary... g

Apr 04, 2012 08:35 AM #3
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Alexandra,

Business has been fine overall, just the in-between spurts disturb the momentum of holistic living... g

Apr 04, 2012 08:37 AM #4
Rainmaker
480,491
Sondra Meyer:
Colorado Springs, CO
See It. Experience It. Live It.

Hi Gordon,

Wonderful comparison of the this crazy weather and the real estate market.  I think this is going to be a great year once the word gets out and more listings start coming on the market.    

Apr 04, 2012 09:05 AM #5
Ambassador
2,968,315
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Gordon & Cherise, I can appreciate that your listings are selling before completing an entire marketing plan as extensive and comprehensive as yours.  It's great that you are getting multiple offers ... and good one offers at that.  Anyone writing a low-ball offer in a market you described is not writing to win it.  I wish you continued success.  May the weather patterns stabilize with the Colorado Springs real estate market!

Apr 04, 2012 10:28 AM #6
Rainmaker
636,567
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Gordon and Cherise, very good news coming from  your area down South...our crazy Colorado weather is something, isn't it?  Like Real Estate it's always changing!

Apr 04, 2012 01:18 PM #7
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Sondra,

It almost seems like our market gets better when the national news reports the negatives about the economy.  You're right.  As more listings hit the market, I think many will enter the market again... g

Apr 05, 2012 01:27 AM #8
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Kathleen,

In fact, today's sunny weather brings warmth to the market... g

Apr 05, 2012 01:29 AM #9
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Mary,

Even though we've known and experienced the massive changes in the weather, sometimes, we just stand back and still can't believe how dramatic some changes can be... g

Apr 05, 2012 01:30 AM #10
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