Statistics compiled by the Pikes Peak Realtors Service Corp. through July 13 provide an in-depth look at the health of real estate in the Pikes Peak region so far this year.
The “Activity Snapshot” shows sold listings for all properties is up 22.1 percent over same period last year, median sales price for all properties was up 5.1 percent over same time last year and active listings on all properties was down 37.4 percent over same time last year.
“This is great news for those who, despite low interest rates, couldn’t refinance or sell and trade up without bringing additional cash to closing. Many people stayed in their homes and some were forced into short sales or foreclosures,” said Realtor Harry Salzman.
According to the snapshot, year-over-year new listings of single family-patio homes in El Paso and Teller counties increased 3.8 percent. Townhouse and condo listings increased 4 percent. Pending sales increased nearly 70 percent for single family-patio homes and 110.6 percent for townhomes and condos.
According to the snapshot, the media sales price increased 4.8 percent year-over-year to $250,000 for single family-patio homes, and decreased 2.8 percent to $150,000 for townhouse and condo properties. The time that homes remained on the market decreased 15.9 percent, from 82 days to 69 days, for single family-patio homes, and 6.8 percent for townhouse and condo properties.