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.
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.