Liz Cobb: 719.492.4040 | Jerry Cobb: 719.492.4041
Market Summary | Q3 2021 The 3rd Quarter brought something we haven’t seen in over 2 years—an increase in the number of active listings. At the end of October last year there were only 658 active listings on the market. This year that number bumped up 25% to 825 listings, which is still very low. […]
Real Estate Market Update Q3 2021 Read More »
Market Summary through August 2021 The local real estate market has cooled off just a touch, but don’t confuse this with the market changing like the seasons. Our market continues to sizzle and remains very much a seller’s market. Despite seeing sales dip the last 2 months, we remain on pace to have a record
Real Estate Market Update August 2021 Read More »
Market Summary through July 2021 Locally, the weather outside was cool while the residential real estate market continued to sizzle. We didn’t see the insane 23%+ jumps in price, nor did we see record low inventory again. BUT prices did jump 17% and inventory has increased to almost 13 days! So yes, the market has
Real Estate Market Update July 2021 Read More »
Welcome to the ERA Shields Stat Pack. The intent for providing information to you is to educate you on the current local real estate market so you can better make decisions for you and your family. Real estate markets vary from city to city as well as neighborhood to neighborhood. When the national media
Quarterly Residential Review Q1 2021 Read More »
Market Summary through February 2021 It seems as though the local residential real estate market is beginning to level off—don’t confuse this with cooling down. Monthly sales were down slightly while active listings remain scarce, which is keeping our inventory level at record lows and pushing sales prices to even greater heights. The number of
Real Estate Market Update February 2021 Read More »
Market Summary through January 2021 The year is off to a hot start with continued strong demand and very low inventory which is sending prices sky high. Obviously the extremely low mortgage rates are creating more buyers and Colorado Springs continues to see a surge of people migrating to our area. At the time of
Real Estate Market Update January 2021 Read More »
The Colorado Springs metro area will continue to be a place where locals want to stay and outsiders want to move. The trend of working from home will only increase the demand for homes in our area as people decided to live in places where they can enjoy more personal space and the outdoors. This
Looking forward to 2021 Real Estate Read More »
Despite all of the uncertainties in 2020, the residential real estate market in the Colorado Springs metro area continued to set records. Record high numbers were seen for the number of sales and sales prices, while record lows were seen for active listings and mortgage rates. The local market was absolutely a “sellers’ market”. As
Looking Back at 2020’s Real Estate Market Read More »
El Paso County Market Analysis following the close of Q3, 2020: Average Sales Price up 16.6% compared to 3rd quarter 2019 – $430,199 30-Year Fixed Rate Mortgages are still near all-time lows – 2.88% 16% of sales in the 3rd Quarter were under $300k Number of Active Listings were down 45% compared to 3rd quarter
El Paso County Real Estate Report Read More »
Welcome to the ERA Shields Quarterly Residential Review or Stat Pack. The intent for providing information to you is to educate you on the current local real estate market so you can better make decisions for you and your family. Real estate markets vary from city to city as well as neighborhood to neighborhood. When
Quarterly Residential Review Q3 2020 Read More »
Liz Cobb | CO 10004107
Jerry Cobb | CO 40042096
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