Colorado Springs Real Estate

We continue to see indicators of a strong real estate market, even through the fall season, which is wonderful news! With a new month means new local real estate market conditions in El Paso County, Colorado. Check out the market insights of what October looked like and how it may affect you if you are planning on selling or  buying a Colorado Springs home . Average Days On Market With just over 900 existing single family homes for sale in El Paso County, the inventory is low. The low inventory speaks volumes on the current average days of homes on the market, just averaging at 29 days. Historically, the average is 67 days on the market. If you are considering selling your home, now is the time! There are home buyers waiting for the RIGHT HOME to come on the market. If you would like a specific analysis for your home in your neighborhood, I am happy to provide a custom market analysis for you. Listing vs. Sales Prices We continue to see strong list price vs. sales price as...

I hope that you are having a fantastic start to 2017. The 2016 real estate market proved to be one for the record books and I wanted to share with you a summary of the Colorado Springs Real Estate Market. A combination of historic low mortgage rates, historic low inventory, and record demand generated a wave of home buying and selling activity that we have not seen in over a decade.  Colorado Springs Real Estate 2016 was a great year, but we have even higher hopes for 2017. Take a look at these numbers to learn about the 2016 real estate market, and see our predictions for 2017. You can click on the photo below to hear a few of my thoughts about the upcoming year on this short video. Homes sold – The total number of residential properties sold were 17,510. Total sales were up 11.9% from 2015. Sales price - In the Pikes Peak region, the average sales price was up 6.5% over 2015. The average price was $267,050. Inventory -  The inventory of residential properties ...

"Buyers' market" and "sellers' market"... If you've ever come within ten miles of the real estate market, you've probably heard some of these (and other) real estate buzzwords used frequently. What do they really mean, though, and what impact can they have on you as your try to buy or sell your home in Colorado Springs ? The MacGuire Team is here to help you understand the differences and how to use them to your advantage. Buyers' Market In a buyers' market, the number of homes for sale in Colorado Springs greatly outweigh the number of prospective home buyers. With so many homes available, buyers are able to be more selective about the homes they pursue. Since the homes available are in greater competition with one another to be sold, the sellers may be forced to drop the price or add other incentives if they want to sell their homes quickly. This situation is called a "buyers' market" because buyers get to enjoy th...