Colorado Springs Real Estate News – “Sizzling home Sales, July home prices, sales still climbing!”
According to the local newspaper headlines in Colorado Springs, the housing market is not only rebounding, it’s growing like gangbusters! Sales of homes in Colorado Springs are up 14% over July of last year. This reflects 12 straight months of increase in Colorado. The median home price increased 5.7% to $243,000.
Is now a good time to sell your home? Well, the answer could be yes, and no. If you want to sell your house fast and get a good solid price, now is the time. However if you want to sell, but buy another house at a discount, you may be better staying where you are.
Discounted houses usually need a lot of work and may not have much equity after spending all the money to update. If you are willing to pay market value there are some nice, fairly priced homes available.
If your house needs too much work, this may not be the time to sell. Most buyers are looking for houses that are move-in ready. If you have a lot of equity in your home and are willing to sell at a discount, you still can sell quickly.
Investors and bargain hunters will usually close quickly with very few conditions and contingencies. In most cases investors pay with cash, which greatly reduces the time it takes to complete the sale of a home.
Whatever the situation, the real estate market is hot in Colorado Springs. Of the 300 major markets across the country, we are number 15 for 1st time buyers. So, buy or sell, get out there and explore your options while the market is still hot!
Wanting to sell your Colorado Springs house? We buy houses in any condition and any area of Colorado Springs. No Repairs necessary! Contact us today for a no-obligation offer on your Colorado Springs house by completing our online questionnaire!