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.
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.