If you’re looking to buy or sell a home in the Colorado Springs or Denver areas, I’d be honored to earn your business!
Curious about the state of the market? Here are some stats!
Above: yesterday’s snapshot of the resale market here
Above: today’s status of rentals in MLS
Above: this is the current number of homes per sale in the specified price brackets
Source: PPAR MLS derived statistics
Moving to Colorado? Let us help you find a home!
I’m often asked about cash offers here locally. There’s a common perception that “cash is king”. Is that true here? That’s a complex question! The short answer is: no.
The longer answer is: it’s relative. Does it command a tremendous discount? No, but it does have a relevant discount price over a VA loan in our market. From June 2013 to the date of this post, that discount is an average 3.73%, with a swing from 1.6% to 6% (at $150K-250K, sale price to list price) (Source: PPAR MLS, derived statistics).
EDIT: the discount over VA loans drops to 2.46% when the price filter is removed, everything else remaining equal.
My perception of this is that we’re in a relatively stable market in terms of cash vs. VA loans.
Let’s discuss housing and options? Looking for a home in Colorado Springs or Denver, I’d be honored to earn your business! Call Rob at 719-440-6626!
Looking for a home here? I can help
Thank you for sharing, Melanie Henn from Land Home Financial Services!
A picture is worth a thousand words…so here are 8,000 words. Greatest state in the Union.
Looking to move to Colorado? Give me a ring and lets chat about housing and the area.
From the article: The Bankrate.com survey of the best cities to retire ranked 196 U.S. cities based on their health care quality, cost of living, tax rate, crime rate, weather, well-being and walkability.
What brought you to Colorado?
I think efforts to bring more jobs and businesses to the Springs are a really good idea!