Late August 2017 Pueblo West Market Update

Buyers for Pueblo West houses have a few more choices now compared to early in the year.  As of August 22, 2017 there are 95 active listings compared to 42 in the spring.  Prices range from $135,000 to $1,999,990 with the average listing price being $344,701.  The median list price is $279,900.  There are 9 houses listed under $200,000.  If you're in that price range competition is fierce.  You need to be prepared to look as soon as a listing hits the MLS and be ready to compete with multiple offers.  Many listings in these lower price ranges are selling $5,000 -$10,000 over asking price! 
Sales numbers are also strong.  For the first half of 2017, 379 houses have sold compared to 324 in 2016, for a 16% increase.  The average sales price was $230,000 compared to $212,000 in 2016 for an 8% increase.  Average days on the market for 2107 sales is 86.  Last years average during the same time period was 88 so not much change.  Call TeamSELLe for any of your real estate needs.