Data is power! Here you can find data and analysis regarding the Pikes Peak Residential Housing Market. The primary goal of this data is to paint the picture of reality in our local housing market, to provide a frank and honest discussion of opportunities, threats, oppositions and conditions as they exist, and to obtain the pulse of activity locally. This data is the result of information pulled from the Pikes Peak Association of REALTORS’ website as well as conditions observed by sales professionals, builders, other competing real estate firms and individuals connected to the sale and exchange of real estate in the Pikes Peak Region.
Advice for all market participants:
SELLERS: If you are under $250,000, it is worth $5,000 to be under contract by October 15th. Your best window is now....supply is scarce, buyers are hungry and more wiling to act than anytime in 3 years and your home can fetch top dollar if a first time home buyer can claim a tax credit on it. But they need to close by November 30.
BUYERS: First time home buyers: stop shopping and start buying! Move up buyers: pick three and shop from a position of strength.
INVESTORS: Pay attention to construction vintage 1995 to 2002.
Read the full report with detailed and localized trend analysis here:
The bottomline...The market is stabilizing and supply is diminishing. Pricing has become more realistic as have buyers and sellers. Now is a great time to a participant.
Characteristics of New Housing Highlights the latest data on new-home characteristics released by the U.S. Census Department. Includes links to the complete Census report and other trends researched by NAHB.
Additional breakouts of this data and other trends researched by NAHB are available at www.nahb.org/constructionstats under “Selected Characteristics of New Housing” (dated 4/3/2008).
Housing Starts Updated monthly and based on a seasonally adjusted annual rate.
In-Depth Analysis from HousingEconomics.com Full array of analysis of factors affecting housing and the impact on the industry available to NAHB members, a limited number available to non-membe
