When astutely reviewing the listing and sales summary each month, I look at all the statistics through the lens of both the Broker perspective, as well as if I were a client of our real estate market.
From the Broker perspective, the ebbs and flows of this business, especially during this time of year, can be quite overwhelming. One week my schedule might involve 6 new listings with 3 new buyers, and the next week, I might have half the business. “Feast or Famine,” I believe, is the term used for any small business that deals with sales. Balance is rarely accomplished with eloquence, if at all.
From the client’s point of view, I get it. Expert service is desired and smoother is preferred over difficult challenges. The world around us poses many challenges each day, and we are beyond cluttered in our mental and emotional spaces. So when it comes to real estate, the client really wants topnotch service. Yet, is this really possible, given federal lending regulations and the gads of details that follow each transaction? Not always, but I certainly do my best to help the client to dot the “I’s” and to cross the “T’s.”
From the statistical information for August about single family/patio homes for August 2013 (provided by the Pikes Peak REALTOR® Services Corp), this Colorado Springs Realtor, Cherise Selley, would like to share a few thoughts to consider.
- As compared to the month of July this year, the numbers are down. New listings are down 11.8%. Sales are down 8.1%. Average Sales Price is down 1.0%. Median Sales Price is down 2.5%.
- Nonetheless, down is not pessimistic in the listing and sales summary for August. Because when comparing the trends to August 2012, the market numbers are all UP!
New listings are up 5.6%. Sales are up 23.1% from last year. Average Sale Price is up 8.0%. Median Sales Price is up 4.5%. And total active listings are up 9.9%.
The numbers provide good news for both the Broker and the Client. The Broker has enough business to save for any times of famine. And the client has a slue of options regarding residential housing. Although various subareas have low listing inventory, there are other areas that are flourishing in this market, in which pricing is close to listing prices. Both Sellers and Buyers are feeling good at the closing transaction table, overall.
Feel free to contact Colorado Springs Realtor, Cherise Selley, Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors @ www.selleygroup.com or 2139 Chuckwagon Rd, Ste 210 – Colorado Springs, Colorado 80919 – 719. 598. 5101.
All agents affiliated with Selley Group Real Estate, LLC are actively licensed in accordance to the laws of Colorado.
Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.
“Based on information from the Pikes Peak REALTOR® Services Corp. (RSC), for the period August 2012 through August 13. RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”
By Cherise Selley