Pikes Peak Association of Realtors: Homes sales jump 7.3 percent

Tue, Apr 5, 2011


There were 776 single family home sales in March, a 7.3 percent year-over-year increase, according to a report released by the Pikes Peak Association of Realtors yesterday.

This is even more impressive considering the 2010 numbers were bolstered by the federal government’s income tax credit for first-time buyers.

Still, not all areas of the report were sunny. Home sales year-to-date are down 4.2 percent compared to 2010, and housing prices were weak, despite the monthly uptick in sales. The average sales price last month was $211,426, a 1.9 percent dip from $215,625 in March of 2010.

Read the full report here.

1 Comments For This Post

  1. RJS Says:

    The real estate community and in particular realtors need to start getting more realisitic as it relates to pricing homes, etc. Having spent the last 19+ years in the real estate and finance industry, coupled with doing cosulting work and working full time in the same, I am still amazed at some of the pricing methodology or should I say lack there of realtors are using. They are stuck in a pre 2007 valuation mode and are trying to make a case for their current home pricing based on a reduction from pre 2007 levels or what their homeowner currently have invested in their home (Neither are relevant when pricing a home). Only when the real estate community (In particular realtors) wake up and realize that we are in 2011 and get a bit more realistic as it relates to current valuation, current economic factors affecting our local economy and start educating their sellers on what is or is not realistic, only then will there be a true basis to attract the “fence sitters” into the housing market.