2013 Second Quarter Market Results, Fremont & Custer Counties

Century 21 Canon Land & Investment Co

1025 Royal Gorge Blvd

Canon City, CO 81212

719-275-8622

www.canonland.com

2013 Second Quarter Market Results

Fremont & Custer County

212 homes sold in the second quarter compared to 141 last year. That is a 151% over last year’s second quarter.  Century 21 sold 82 homes(39%) and 27 land sales.  The average time on the market for homes was 161 days compared to 140 for Century 21 listed homes.

Residential Sales

Price Range                              2013 Sales               2012 Sales

$60,000 to $69,999                        10                                5

$70,000 to $79,999                14                          6

$80,000 to $89,999                      12                               11

$90,000 to $99,999                         9                                11      

$100,000 to $119,999                  16                              17

$120,000 to $139,999                    28                                  14

$140,000 to $159,999                  19                                  15

$160,000 to $179,999                    15                                   8

$180,000 to $199,999                  16                                   4

$200,000 to $249,999                  26                                16

$250,000 to $299,999                    8                                    3

$300,000 to 399,999                      10                                    1

The average sold price for the first six months of 2013 is $138,933 compared to $123,330 last year.  

The median sold price is $126,450 compared to $115,000 last year.

There was a 50% increase in conventional loans this year and a 26% increase in FHA loans compared to last year.  There was also a 19% increase in cash loans.

Months of Inventory in the following Price Ranges

$50,000 to $59,999          6.2             

$60,000 to $69,999        11.3

$70,000 to $79,999          4.1              

$80,000 to $89,999        12.0                  

$90,000 to $99,999        14.3                  

$100,000 to $119,999    15.2

$120,000 to $139,999      8.9                         

$140,000 to 159,999    14.5 

$160,000 to 179,999    15.7
$180,000 to 199,999    16.3

$200,000 to 249,999       17.5  
$250,000 to 299,999    31.6  

$300,000 to 399,999   30.2    
$400,000 to 499,999   46.8

Century 21 sales up 19%

Century 21 Canon Land & Investment Co sold 19% more properties in 2012 compared to 2011.   Our homes sold in a significantly shorter time frame in twelve of seventeen price ranges.  We can sell your home faster.  Call our office at 719-275-8622.
We ranked number one in the Royal Gorge Association of Realtors in December 2012 with sales of $3,205,950.

Century 21 Home Buyer/Seller Survey

Century 21 Real Estate LLC, franchisor of the worlds largest residential real estate sales organization, announced the results of its Spring Home buying survey conducted by Harris Interactive.  The survey revealed that non-homeowners are more likely to make sacrifices to own their dream home. 

U.S. adults who are currently renting feel more affected by today's housing conditions.  82 percent of non-homeowners plan to purachase a home at some point.  This is in line with the New Yorlk Times/ CBS poll from June 2011 in which 89% of Americans said homeownership is an important part of the American dream.

 Half of the non-homeowners said they would cut back on dining out and shopping for non-essential items and 47% said they would give up luxeries in order to be financially able to purchase their dream home. 39% said they would cut back on vacations, and 10% would contribute less to their 401K.

Current market conditions continue to generate interest among first time home buyers.  With record low mortgage rates, appealing prices and an upgrades housing forecast this year the National Association of Realtors expects existing home sales to reach 4.66 million in 2012.

May Market Leader in Residential Sales

Century 21 Canon Land sold 49% of all homes in the Royal Gorge Association of Realtors in May.
Our average sold price was $202,333.

We have a great team, see us on http://www.canonland.com/

Get our app on our website or facebook to see all the homes in the MLS

2012 First Quarter Market Report for the Canon City Area

First Quarter Market Report 2012

A total of 121 homes sold compared to 106 last year.  The average sold price was $122,591 and the median price was $109,000.

38 homes sold in the $30,000 to $80,000 range. 

36 sales occurred in the $100,000 to $159,999 range

The average days on market was 157

22 sales occurred in the $160,000 to $249,999 range

There were 8 sales in the $250,000 to $399,999 range

Months of inventory for:

$100,000 to $119,999 = 3.4   Last year same period 10

$120,000 to $139,999 = 4      Last year same period 11

$140,000 to $159,999 = 6.8       “               “               8         

$160,000 to 179,999 = 5             “                  “           18

$180,000 to $199,999 = 21         “                   “          45

$200,000 to $249,999 = 6.6           “                “          20

$250,000 to $299,999 = 10.3          “               “          31

Canon City Area Fourth Quarter 2011 Market Report

Fourth Quarter Market Report

A total of 162 homes sold in the last quarter of 2011 compared to 147 in 2010.  This is more than the last three quarters of 2011.  First Quarter had 104, second quarter had 121 and third quarter had 141homes sold.

Forty five percent sold in the $29,999 to $99,999 range

Forty seven percent sold in the $100,000 to $249,999 range.  Of those 16 sales were in the $120,000 to $139,999 range and 16 sales in the $200,000 to $249,000 range.

Fremont County had 8% more sales this quarter than last years fourth quarter

The average days on market was 204

The average sold price was $139,291 compared to last years $133,296.

Months of Inventory cannot be calculated due to inadequate data from the MLS.

Canon City Area Third Quarter Market Report 2011

A total of 141 homes sold between July 1 and September 30, 2011.

Forty percent were in the $100,000 to $159,999 range.

There were 13 sales in the $200,000 to $299,999 range compared to 7 last quarters and 24 last years.

Fremont County had 13% less sales this quarter than last years third quarter

Thirty seven percent (37%) of the homes sold were between 0 and $99,999.

The average days on market was 163

The average sold price was $137,101

Months of Inventory for the following price ranges are:

• $50,000 to 59,999 = 10                         $120,000 to 139,999 = 15
• $60,000 to 69,999 = 6                           $140,000 to 159,999 = 9
• $70,000 to 79,999 = 9                           $160,000 to 179,999 = 18
• $80,000 to 89,999 = 15                         $180,000 to 199,999 = 21
• $90,000 to 99,999 = 20                         $200,000 to 249,999 = 45
• $100,000 to 119,999 = 10                     $250,000to 299,999 = 46