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)
                                     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.  

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.  

Right on schedule for the summer house selling season, more listings are appearing on the market.  As of June 22, 2017 there are now 81 active residential listings in Pueblo West in the Pueblo MLS.  That is almost double what was available earlier this year.  The average listing price is $330,275 and the median is $265,000.  The average days on the market for these listing is 40 days.  Interest rates are still good, around 4% or lower for most programs.  Give us a call if you're thinking of buying or selling a home.  

May 10, 2017, Pueblo West Colorado
Real Estate Update:  Lack of houses for sale, Rising sales numbers and Rising prices are the word of the day! At present there are 59 houses on the market in Pueblo West, with an average listing price of $355,400.  Year to date, 239 houses have sold which is up 20% from last year at the same time.  The average sales price was $224,000 which is 6% higher than one year ago.  The low point of listing inventory this year was about a month ago at 44 houses for sale.  
If you're thinking of selling it's a great time.  Call us for a professional market analysis.  
If you're a buyer you may want to become an owner before the market leaves you behind.  Also interest rates are still around 4% which is fantastic.  Mortgage rates were 14% when I started selling real estate in the 1980's. They may not always be this low.  And chances are, prices will continue to go up, as they have, since the Great Depression.  

When you contact a real estate agent to help find your next home, you need to consider how you want them to represent you.  Of course you want them to help you find the perfect home, and you want them to be fair and honest.  But what else should you be looking for?  In Colorado, a Real Estate Agent can have the following legal relationships with a buyer:  customer, transaction broker or Buyers  Agent or Broker. As a Customer, the agent owes 100% of their loyalty to the Seller.  They can show a property to you, but their job is to represent the interests of the Seller.  This is the relationship that led to the old saying "Buyer Beware".  As a Transaction Broker the agent is a neutral party.  They can assist you with finding a home and have the obligation to be fair and honest.  They also are bound to keep the financial motivations of both the buyer and seller confidential.  They can help facilitate the  entire transaction but don't represent either party.  In sports you could liken them to a referee!  The Buyer Agent or Broker  is the Coach!  They represent you and have the obligation to look out for your best interests.  They can assist you with advice in negotiating and owe a fiduciary responsibility to you as the buyer.  Generally you also pledge your loyalty to them, as your broker and agree to buy exclusively through them for a certain period of time in a certain area (Provided they are doing a good job for you).  Before you get into any serious negotiations, Colorado Real Estate Agents should discuss this with you and enter into the agreement that is mutually agreeable with you and them.