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Hector Hernandez

Hector Hernandez
Owner/Broker

Inside Edge Real Estate Inc.
Colorado Springs, CO 80918

719-599-8134
Contact Me

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Colorado Springs Home Sales Stats

May 2018 HOUSING STATISTICS

Summary: El Paso County experienced a 24% spike in Single Family Home Sales during the month of May compared to April. The median & average price continues to hit record highs, $315,000 and $353,204, respectively. The average home sales price is up nearly 25% in the last four years. We are seeing very low inventory numbers which is a huge driving force behind the current home price values. YTD sales are at 5,967 compared to 4,046 just four years ago which is an astronomical 47% increase! Just looking at home sales by price range in May compared to April there are stats that jump off the board.  For example, there were 56 more homes sold in the $200,000-$299,000 range, 126 more homes sold in the $300,000-$399,000 range, and 83 more homes sold in the $400,000-$499,000 range. By comparison there was no increase (65) in homes sold under $199k. Home values in Colorado Springs continue to trend upward and there is nothing indicating this trend will change anytime soon. Low housing inventory, historically low interest rates, strong consumer confidence makes for a Bullish housing market.     

With interest rates still at historically low numbers, shortage of housing inventory, and builders trying to keep up with demand, I anticipate that we will continue this trend well through the spring and into summer. 

Contact me at 719-599-8134 ext 5 for more information including a micro analysis of your situation.  

Sales Activity El Paso County                      

Number of Homes Sold 1422 + 274
Percent (%) of Homes Sold vs Total Homes Listed 74.7 + 5
Medium Sales Price $315,000 + $15,000
Average Sales Price $353,204 + $16,640
Average Days on Market 21 - 3
Percent (%) of Sold Price vs List Price 100.7 + 0.2

Top 5 Selling in Units by MLS Area

Fountain Vally 260 + 63
Powers 160 + 13
Briargate 129 + 39
Northeast 103 + 19
Southwest 83 + 25

Top 5 Selling in Dollars by MLS Area

Fountain Valley $70,703,350 + $17,266,404
Briargate $54,759,225 + $15,816,169
Powers $48,865,337 + $5,741,229
Tri-Lakes $37,925,711 - $4,221,750
Southwest $37,775,810 + $9,953,760

Top 5 Selling By Avg Price by MLS Area

Black Forest $638,135 + $8,557
Tri-Lakes $557,731 - $19,631
Northgate $483,651 - $17,892
Southwest $455,130 + $43,857
Northwest $441,864 + $47,468

Homes Sold by Price Range

Up to $199,999 65 Flat
$200,000 - $299,000 538 + 56
$300,000 - $399,000 454 + 126
$400,000 - $499,000 208 + 83
$500,000 - $599,000 68 + 2
$600,000 - $799,000 62 + 7
$800,000 - $999,000 19 + 1
$1,000,000 - $1,999,000 7 - 2
Over $2,000,000 1 + 1

"Based on information from the Pikes Peak REALTOR® Services Corp. ("RSC"), for the period 5/1/2018 through 5/31/2018.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

 



Hector Hernandez | 719-599-8134 | Contact Me
6455 N. Union Blvd. Suite 100 - Colorado Springs, CO 80918
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