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Why should you buy real estate now??

10/16/2017

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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)
                                     2016  $216,000
                                     2017  $233,000
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.  




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PUEBLO WEST REAL ESTATE UPDATE

10/12/2017

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Pueblo West Homes Listed and sold
Third Quarter 2017
Residential real estate sales numbers continued to improve through the third quarter of 2017
Number of Sales - 588 homes sold as of 9/30/17 compared to 492 in 2016, which is a 20% increase
Prices - The average sales price year to date in 2017 is $233,350 compared to $215,399 in 2016 an 8% increase. 
Days on Market - 81 compared to 89 in 2016
Number of Listings - At the present time there are 91 homes on the market in Pueblo West.  That is up considerably from the 44 listings early in the year, however at a sales rate of 65/month, we only have a 1.4 month supply.  
It's still a great time to sell.  Call me for an upto the minute estimate of your homes current value.  
And Buyers, interest rates are still at all time lows & prices continue to go up.  Get in before you get priced out.  
Rich Selle, Broker Associate
​RE/MAX Pueblo West

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    Author

    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.  

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