LISTING AND SALES SUMMARY
For the Colorado Springs Area
February 2007
 
 
All Sales
Existing Homes
MONTHLY SUMMARY
Feb 2006
Feb 2007
% + or -
Feb 2006
Feb 2007
% + or -
SINGLE FAMILY/PATIO HOMES:
 
 
 
 
 
 
New Listings
1,507
1,530
1.5
1,332
1,437
7.9
Sales
750
669
(10.8)
654
587
(10.2)
Ave. Sales Price
$248,330
$255,017
2.7
$233,259
$237,414
1.8
Median Sale Price
$205,000
$214,950
4.9
$196,000
$205,000
4.6
Total Active
4,171
5,202
24.7
3,428
4,403
28.4
CONDO/TOWNHOMES:
 
 
 
 
 
 
New Listings
226
268
18.6
197
211
7.1
Sales
108
100
(7.4)
89
83
(6.7)
Ave. Sale Price
$152,278
$182,319
19.7
$135,918
$162,034
19.2
Median Sale Price
$131,500
$143,950
9.5
$120,000
$130,000
8.3
Total Active
703
973
38.4
494
686
38.9
CUMULATIVE YTD SUMMARY
Jan-Feb 2006
Jan-Feb 2007
% + or -
Jan-Feb 2006
Jan-Feb 2007
% + or -
SINGLE FAMILY/PATIO HOMES:
 
 
 
 
 
 
New Listings
3,043
3,244
6.6
2,701
2,929
8.4
Sales
1,425
1,341
(5.9)
1,221
1,148
(6.0)
Ave. Sales Price
$249,955
$254,043
1.6
$231,384
$236,011
2.0
CONDO/TOWNHOMES:
 
 
 
 
 
 
New Listings
481
537
11.6
404
427
5.7
Sales
204
232
13.7
171
182
6.4
Ave. Sales Price
$146,956
$167,403
13.9
$133,119
$151,346
13.7
 
 
 
 
What Does This Mean?
 
We are seeing a slightly decreased number of sales from this time last year, and there are 24.7 % more listings on the market.  The statistics show the market has slowed a bit, but is still good compared to the national average.  Buyers now have more choice and can be more selective.  Sellers need to make sure their homes are priced correctly and are in good condition to be competitive.
 
Now is still a great time to buy with more selection and interest rates still at historical lows.  It is also a great time to sell before more listings hit the market and increase the competition this spring.

 

Meeting 80% of Today's Buyers

Did you know that over 80% of today's home buyers are using the Internet to find their next home?  The New York Times recently found that the majority of buyers research on the internet because of the availability of good home pictures and compelling virtual tours.  The more photos a listing can display, the more interest an online ad can generate for a seller. 

If you are thinking of listing your home with an agent, talk with us about our web marketing plan and let us show you how we can make your home stand apart from the crowd!

 

Protecting Your Home During a Freeze

Here are a few tips to keep your home safe during a freeze.

1:   Stop ice-dams
Heavy snow and ice can do a lot of damage to your roof - as it builds up and as it melts. Ice dams are when ice on your eaves blocks water from draining and the water is forced under the roof and into your attic or down the sides of your walls.

To prevent them, keep your attic well-ventilated to maintain a temperature close to that of the outdoors. A warm attic melts snow on the roof, causing water to run down and refreeze at the roof's edge, where it's much cooler. You should also make sure the attic floor is well-insulated so that heat rising into the attic is minimized.

2:   Protect your pipes
Frozen pipes are one of your home's major vulnerabilities.  To keep your pipes from freezing, wrap your main shut-off valve in insulation.  You'll also want to open hot and cold faucets enough to let them drip slowly. By keeping water moving through the pipes, you'll prevent freezing.

3:   Seal your drafts
Sealing your drafts can save you 20 percent on your heating bills, according to the Alliance to Save Energy. You can use incense or a candle to test for drafts around your windows or doors. A drifting line of smoke, rather than a straight one, could indicate a problem.

If the putty in your windows is dry and cracked, add newer sealant. Seal any visible cracks with the weather stripping or cloth.  But remember, you don't want to completely button up your home. When you have all your heating equipment running, you may need to get some fresh air into that house once in a while.

www.jasondanielshomes.com