It is officially Spring Break, and that means...SNOW...and a update on the housing market in Woodland Park. Woodland Park has seen an increase in inventory since November 29, 2009.
In Woodland Park under $250,000, currently as of the this morning there were 76 homes that are available to buy. There are additional 5 homes that have a contract with a first right of refusal (most likely a Short-sale). There are 6 homes that are Under Contract, this means that they just went under contract or are waiting for the Buyers to do the inspections of the home. There are 13 Pending homes that are getting ready to Close. The Best news is that the there was 30 homes sold since Dec. 1, 2009. That means that about 8.5 homes are sold the last 3 1/2 months. The Pulse of the Housing Market is not as good. taking all the homes that are under contract (24) divide by the 3.5 months is 6.89 homes per month have gone under contract per month.
The means there is a total of 9 months of inventory. Looking deeper in the inventory, there are 8 homes under $100,000. From $100,001 to $150,000 there are 12 homes available. That means there are 56 homes available to buy from $150,001 to $250,000. 10 homes have been on the market less than 2 weeks. The average days on market has drop to 166 days on the market. So the best homes are still selling. If you have any questions about Real Estate in the Pikes Peak Region please call 719-687-1534, or email to jason@theroshekgroup.com.