Real Estate Market Conditions

Colorado Springs Area Market Conditions:
Some second quarter statistics for the areas we serve:
The average time on the market until contract was 86 days. This varies according to the month and area.
The average list to sales price was 98.3%.

National Market Conditions for Single Family Homes:
National statistics for the second quarter:?
According to the National Association of Realtors, ?prices are down compared to last year;?however, their statistics show a decrease of 0.1% (one-tenth of one percent) nationally?in the median price of homes sold, and 0.2% in the mean (average) price.?Prices actually increased in the Northeast region (although not that much - 1.4% and 1.3%). The Midwest region saw the largest decrease (-2.3% median and -1.6% mean). There is a 12.7% increase in the supply of homes over last year.

Interest rates remain very favorable.

Trivia Question

What is the longest construction time for a private residence?

Please call (534-7918) or email (user@example.com)
for your chance to win a Blockbuster gift card.

Congratulations to Linda Ousnamer, who won our last trivia contest.
She knew that commercially made ice cream was first offered for sale
in New York City on June 8, 1786.

Good to know about Smoke Detectors

Did you know that one-quarter of all fires start during typical sleeping hours of 10 p.m. to 6 a.m. -- and more than one-half of all fire related deaths occur during this period?

A working smoking detector might be the only thing between your family and tragedy. Smoke detectors do wear out. If the ones you have are more than 5 years old, it might be time for a new one.

The latest models have updated features such as photoelectric sensors that are more sensitive to slow, smoldering fires. Some models combine the older ionic sensors that "see" fire with photoelectric sensors for the greatest protection. Another convenient feature is the reset or silencer button. This allows you to shut down the detector for approximately 10 minutes during a nuisance alarm, like burned toast, then goes back to full alert. Resetting your detector is always a much better idea than removing the battery, which you could then forget to put back.

Know that even detectors that are wired directly into the home's electrical system can wear out and need to be regularly checked. Make sure that the red status light is flashing at regular intervals. Keeping your smoke detectors in good working order could be a matter of life and death.

Today's Tip

When your disposal jams, it often automatically shuts off, and may not re-start by using the wall switch. Many homeowners don't know there is a reset button, located at the bottom of the unit. After safely removing any foreign objects from the disposal, one touch of this button could save you an unnecessary repair bill.

Current Listings

Please check out our listings on the right-side of this newsletter.

Ashton Park Place

Over 3900 square feet of comfort in Mountain Shadows. Light, bright and open. 5/4/2 $364,900

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Buschborn Road

Like new home in Woodmen Hills with a half acre of easy-care landscaping. 4/3/2 $268,500

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Marston Heights

Main level living in a desirable gated community. Appealing, easy care Patio Home in Briargate. 3/2/2 $359,000

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Querida Drive

Affordable single family home! A great start or investment. Large yard for relaxing or play. 3/2/1 $149,900

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Radcliff Drive

Lovely District 20 home with plenty of room inside and out. 2 family rooms plus office. 4/4/2 $269,900

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