Is the real estate market changing?? Time will tell, however sales numbers are slowing some. The following stats are for residential real estate, in Pueblo West, Colorado.
NUMBER OF SALES: From January 1 - September 26, 2018, 544 houses have sold, compared to 585 during the same period in 2017. That's down 7%.
PRICES: For the same period as above, the average price in 2018 was $257,632 Compared to $234,209 in 2017. Up 10%.
NUMBER OF LISTINGS: 124 houses are currently on the market in Pueblo West. That is up from the numbers listed over the past couple of years. A year ago about 95 houses were on the market. The current listings represent a 2 month supply compared to less than a month for much last two years. A normal market has a 6 month supply so that is still a low listing inventory.
NUMBER OF DAYS ON MARKET: Houses that sold in 2018 were on the market 71 days compared to 79 in 2017.
It's still a great time to sell, with prices up & things selling in a relatively short time. Call Rich or Anne Selle to get a Free Market Value estimate for your home!
The listing inventory in Pueblo West is beginning to increase! At the present time there are 99 active residential listings on the market compared to 81 listings at this time last year. The average listing price is $372,000 & median is $319,000. The average days on the market is 42. Year to date, 329 houses have sold which is a pace of 60 per month. Our current active inventory represents about 1.5 month supply. The average sold price was $252,000 and average days on market for sold listings was 73. If you're looking to sell, buy, or for advice, call Anne or Rich Selle today.
March 16, 2018 Pueblo West Colorado Real Estate Market Update
Hot sales and lack of listings is still the story. As of March 16 there are 79 houses on the market in Pueblo West. Year to date 118 have sold which is a pace of 48 per month. Based on that there is a 1.65 month supply of houses on the market. The average sales price year to date is $245,300 with a median of $240,000. Average days on market for sold houses is 81.
As always TeamSelle, Anne & Rich Selle would love to share their expertise in the Pueblo market with you. Let us know what we can do to help you with any real estate needs.
As of February 23, 2018 there are 84 houses on the market in Pueblo West. Prices range from $88,000 to $1,999,900, with the average being $356,343 & median $285,000. The average days on the market for these listings is 53. The average sales price in 2017 was $234,000. As always, TeamSELLe is standing by to assist with any of your real estate needs. Call today to find out what your property might sell for.
Will Rogers on Real Estate"...out here I had been putting what little money I had in Ocean Frontage, for the sole reason that there was only so much of it and no more, and that they wasnt making any more..." April 13, 1930 (Note: this is the line that is often paraphrased to say: put your money in land, because they aren't making any more of it. This is the most "famous" of the Will Rogers quotes on land or real estate.)
Closer to home...
I'm sure you've heard prices are way up. You're thinking maybe I should wait to buy until it's a better time. When will that be????
Let's look at some recent history in Pueblo West Colorado:
Average price in 1996 - $113,000
2008 $179,000 (Previous peak)
In the real estate market there are a few peaks & valleys, but the long term trend is up. As you can see prices have more than doubled in Pueblo West in the past 20 years. If you are buying a place to live in and are in it for the long term, you should buy sooner rather than later. Buy before you get left behind!
And interest rates are still at historic lows.
Take a look at the Market Statistics section of our website for more complete information on Pueblo West home prices & sales.
Pueblo West Homes Listed and sold
I'm Rich Selle an active Realtor with RE/MAX Pueblo West. I've got 30 plus years real estate sales experience and I'll try to give you some insights about our market.