Is now a good time to sell my home in Colorado Springs? 

Is now a good time to buy a home in Colorado Springs?

Here's what we think: 

2012
Facts:	Loss/Benefit for sellers:	Loss/Benefit for buyers:
Active listings are down almost 10,000 from 2012	Less competition on the active market	Less to choose from
Sales are up 708 units	Folks are buying more than last year, giving a better chance of sale	More full price & multiple offers
50%+ increase in building permits	New builder competition for the resale market	More new homes and revitalization of newer communities
Average sales price was up nearly 5%	Building equity in your home & supports a higher sales price	The market has hit bottom, and is on its way back up
The hot pricing point is $250,000 and under	If your home is worth 250k or less, you’re on the upside of the curve, and have a better chance of sale.	If this is your price range, you’ll have more full-price and multiple offer situations
Interest rates are super low	Buyers can borrow more money to support higher prices	Buy more house for the money
2013
Forecast:	Loss/Benefit for sellers:	Loss/Benefit for buyers:
Homes under contract to hit the highest mark in the past 5 years!	Better chance of sale	More competition for existing homes
Sales prices will increase around 5%	Builds equity & allows higher pricing	Less house for the same amount of $, than last year
Building permits will continue to rise	Tough builder competition for re-sales, more dust, but filling in vacant lots in existing subdivisions	More new builds to choose from but there may be a delay in construction completion
Homes coming to market will increase	More competition, so your house must be able to compete (look & smell good)	There will be more home in tip-top shape to choose from
High price ranges will see more activity	If your home is valued over $250k, this is welcoming news!	We appear to have hit the bottom of the market, and are now on our way back up-hurry!
Mortgage rates will probably begin to rise with uptick in market conditions	This will limit the number of qualified buyers	As the rate rises, buying power decreases

This info is based on the ERA Shields stat pack data through 12/31/12

Call or visit for more information:  719.576.3600 or www.MotherDaughterRealEstate.com