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The BEST Times to Buy and Sell Real Estate in Colorado SpringsThe Colorado Springs Real Estate market offers many opportunities for both buying a home and selling a home, regardless of the current market conditions. One of these opportunities lies in the time of year that you choose to buy a home for sale in Colorado Springs or sell your Colorado Springs home.
I did some research on different Colorado Springs neighborhoods and found that there are definitely better times to BUY and SELL a home in Colorado Springs than others.
I chose to use the Powers area of Colorado Springs to illustrate my point. The Powers area is very consistent with most other Colorado Springs neighborhoods and is a huge part of the Colorado Springs Real Estate market.
The Powers area is home to the D-49 neighborhoods of: Claremont Ranch, Greenhaven, Stetson Hills, Springs Ranch, Cimarron Hills and Cimarron Eastridge and is defined by the areas of Woodmen(N), Powers (S), Marksheffel (E) and Platte/Hwy24 (S).
SELLERS:The BEST time to SELL your Colorado Springs home is in April, November and December. This is when the ratios of competition to sales are the lowest. In these months, for every new listing that goes on the market roughly one home goes under contract or sells. This is compared to most other months where competition is doubled and/or sold activlty cuts in half.
Sell your home in April: Although there are a lot of homes for sale in Colorado Springs in April, you will notice that there are also a lot of homes selling as well. This is smack dab in the middle of the Spring Colorado Springs real estate “boom” that is historically predictable from year to year.
Sell your home in November or December: Yes, there are fewer sales, but there is also less competition. Many non-serious home sellers pull their homes off the market for the holiday season – leaving only serious Sellers. What’s more, the folks out looking to buy a home for sale in Colorado Springs are also more serious, meaning less lookey-loo’s and more serious offers.
Seller Tip #1: The average days on market in most Colorado Springs neighborhoods are 90 days. To take full advantage of selling your home in these hot months, make sure you put your home on the market about 2 months ahead of time.
Seller Tip #2: To take advantage of the best times of year to sell your Colorado Springs home, make sure you hire a competent Colorado Springs Real Estate Agent and price your home correctly. Don’t become an example for my Buyer Tip (below) …
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