September 18, 2018

 

HARRY’S BI-WEEKLY UPDATE

         A Current Look at the Colorado Springs Residential real estate Market

As part of my Unique Brand of Personal Service, it is my desire to share current real estate issues that will help to make you a more successful and profitable buyer or seller.

AN EARLY FALL WELCOME TO YOU…

I really can’t remember the leaves changing so early here in Colorado but as you can see, it’s happening, and the hills are alive in red, yellow and gold.

This is normally a slower time in Residential real estate, but as I’ve been telling you all year, there’s nothing “normal” about Residential Real Estate anymore.  At least not here in Colorado Springs.

I’ve found myself as busy as ever and if there were more available listings, I’d be even busier. New listings are slightly up year-over-year, so I’m guessing a lot of folks are realizing that 1) it’s been quite the Seller’s Market for a while and 2) interest rates are slowing going to increase which will make it harder for some Buyers to qualify, as well as making a “trade-up” home’s monthly payment higher.

The Colorado Springs economy is good, home values continue to increase, folks of all ages are relocating here, and let’s face it—we’ve got a lot of things most cities lack as evidenced by all the “Top” lists we’ve appeared on recently.  All of this bodes well for local real estate.  

My advice to you?  If you have even started to consider whether to sell and trade up or move to another neighborhood, NOW is the time.  There are homes available in most price ranges but they move fast, so you need to know where you might land if your home sells as quickly as they have been.  

My 46 plus years in the local real estate arena, along with my Investment Banking background, give me the ability to help put all of your wants, needs and budget constraints to work in making your Residential Real Estate dreams come true.

I can be reached at 593.1000 or by email at Harry@HarrySalzman.com and welcome talking to you, your co-workers, family and friends.  It’s worth the to find out how to maximize your Residential real estate investment and I’m always happy to be of help. 

 

AUGUST 2018 LOCAL MARKET UPDATE AND MONTHLY INDICATORS ILLUSTRATE OUR CONTINUING UPWARD TREND IN GREATER DETAIL

Pikes Peak REALTORS®Services Corp., 

These reports contain much greater detail than the first-of-the-month reports I share and cover ALL residential areas in the Pikes Peak Region. 

In the recently published August 2018 Monthly Indicators andLocal Market Updatefor El Paso and Teller Counties, new listings Year to Date, year-over-year were down 1.2% for the single-family/patio homes and down 6.5% for condo/townhomes.  

     The “Activity Snapshot”shows the Year to Date one-year change:

  • Sold Listings for All Properties were down 9.0%
  • Median Sales Price for All Properties was up 11.2%
  • Active Listings on All Properties were down 0.9%.

You can click here to read the 16-page Monthly Indicators or click here to get specific information on the neighborhood of your choice from the 34-page Local Market Update. I recommend that you check out your own neighborhood, or one that you are considering, to get a good idea of the local pulse. I have reprinted just one neighborhood, Northgate, below to show you the type of information available for all local areas.

For questions about any of these reports or just to find out how I can put my special brand of customer service to work for you, please give me a call.

 

ERA SHIELDS “STAT PACK” PROVIDES A QUICK LOOK AT RECENT “NUMBERS”

ERA Shields, 8.31.18

Here is some data that my company publishes monthly and I thought these charts might give you a better perspective of what I’ve been telling you in terms of inventory, listings, and mortgage interest rates:

 

Any questions?  As always, you know where to find me!

 

UCCS ECONOMIC FORUM REMINDER

Be sure to register soon for the always sold-out Forum to be held on October 4, 2018. 

                             You can register by going to the Forum website:  

                       http://www.uccseconomicforum.com/registration.shtml

I hope to see a lot of you at this very worthwhile event.

 

AND LAST, BUT NOT LEAST, WISHING EVERYONE “L’SHANA TOVA” (Happy New Year)

With the beginning of the Jewish New Year, and on Yom Kippur (the day of atonement) eve, I’d like to wish all who celebrate and fast, a meaningful and easy one.  May you be inscribed for a blessing in the Book of Life.

And to everyone else...wishing you a very Happy, Healthy, Peaceful year ahead.