December 2019 Colorado Springs Real Estate Statistics

December 2019 Colorado Springs Real Estate Statistics

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December 2019 Colorado Springs Real Estate Statistics

December 2019 for the Pikes Peak PPAR region broke records. There were record sales for December, with 1,247 homes sold, up 17.2% from last December.

We also hit record median and average home prices for a December month at $329,990 and $364,585 respectively.

We have record low inventory numbers with only a 1.04 month supply in the Pikes Peak region– less for homes with a Colorado Springs address. As of January 1st, there are only 1,295 homes for sale.

Full employment and low interest rates makes this a very strong real estate market. With pending sales up 24.1%, the next couple of months look good for closings.

What does the real estate market in December tell us about rental homes? Home prices are at record highs so, more people are having trouble affording new homes. Thus, the PPAR market needs more rental homes. If you have investment property you’d like to rent, call us today at (719) 445-7172 Here are some of the numbers in the PPAR region for December. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

Total Residential Sales: 1,247

This number is up 17.2% from last year. A new December record!

Total Active Listings: 1,302

This is down a whopping 22.7% from December of 2018.

Median Price of Home: $329,990

Still rising, up 9.7% from last year at this time. A new December record as well!

Average Days on Market: 34

Down 15% from last year. One of the statistics you want to be down!

Summary

December 2019 for the Pikes Peak PPAR region broke records. There were record sales for December, with 1,247 homes sold, up 17.2% from last December.

We also hit record median and average home prices for a December month at $329,990 and $364,585 respectively.

We have record low inventory numbers with only a 1.04 month supply in the Pikes Peak region– less for homes with a Colorado Springs address. As of January 1st, there are only 1,295 homes for sale.

Full employment and low interest rates makes this a very strong real estate market. With pending sales up 24.1%, the next couple of months look good for closings.

What does the real estate market in December tell us about rental homes? It’s a great time to have a Colorado Springs investment home, and a great time to rent a home in Colorado Springs! Check out our available rentals at: http://allcountycs.com/available-rentals

Call us today at: (719) 445-7172 for more information about renting out your home in Colorado Springs.

All County® is here for you!

One Week for a Property Manager

One Week for a Property Manager

Every week, the folks at All County® work hard for our owners and residents. Emergency phone calls come in at all hours. We receive requests for maintenance, schedule the jobs, and check up on the repairs. We rent new properties and advertise the properties we have. Here are some of the things that happen in one week for a property manager.

Communication

  • Answered incoming phone calls
  • Handled emergency phone calls 24/7
  • Answered incoming text inquiries
  • Responded to incoming email inquiries
  • Captured inquiries from the web
  • Notified prospects about new listings on the market
  • Notified prospects about rent reductions

At Our Properties

  • Drove by properties to check condition
  • Photographed available properties
  • Posted late notices
  • Showed properties

Online

  • Collected new leads
  • Scheduled and confirmed new showings
  • Collected and evaluated feedback
  • Canceled showings at off-market listings and directed those prospect to your other on-the-market properties

Advertising

  • Advertised properties on Google, Facebook, Instagram, and Twitter, as well as print
  • Posted daily on social networks
  • Placed available properties on all major property websites

Education

  • Studied to keep NARPM® designations current
  • Attended local meeting for networking and education
  • Taught tenants about leases, move-in and move-out, adding and removing roommates and pets

Transactions

  • Signed new leases
  • Evaluated new tenants for rental opportunities
  • Collected rent from tenants
  • Prepared financial reports for owners

Now that you’ve seen what one week for a property manager is like, you know that we work hard for every client. If you would like to know more about what a property managers can do for you, contact All County® today at: (719) 445-7172.  You can read more about our services at: Property Management Services.

If you’re interested in what a property manager’s day is like, here is an fun article to read: A Day in the Life of a Property Manager