Once again the Colorado Springs Market remained steady compared to other areas of the country. In the last year the Colorado Springs Market has a yearly loss of only 3.7%. The annual increase of homes in the Pikes Peak Region is an average of 2.7%. This is much better than other MSA's of the same size.
On the Sales Side, 74% of homes sold for a profit in the last year. Our foreclosure numbers drove this number down due to 19.9% of the homes selling in some state of distress. Foreclosures did have a negitive effect on our market place accounting for nearly 20% of the loss in profits in the last year. Meanwhile only about 5% of traditional home sales resulted in a loss.
If you have any questions on the value of your home please feel free to call me for a Free analysis.
Jay Carden
RE/MAX Properties, Inc.
719-322-4939
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