How many Homes are on the Market ? - Property Marketing and Home Selling Secrets Episode 13 Volume 1

Fly it Forward with Karen S. Schaefer

How many homes are actually on the market right now in Teller and El Paso Counties?

Hi Everyone! Welcome to another episode of ‘On the Treadmill with Karen.’ I’m Karen Schaefer with Peak Price Colorado at RE/MAX Properties, Inc.

This weekend, I had a friend, who is thinking of selling her home, ask me exactly how many homes are on the market right now. It’s a loaded question as you can divide this in so many ways such as price, location, type of structure and so on. But to answer her question, I did a search of the most desirable and sought after segment which is an existing home with a wood frame and between the price of $300-$500K.

This means, I did not include things like new builds, townhomes or manufactured homes. Having said that, in Woodland Park, there are 12. In the Ute Pass, including GMF, Cascade and Chipita Park, there are 4 and this one really surprises me but in Colorado Springs, there are 76.

Considering we have total population between these areas of just under 500,000 in Colorado Springs, over 8,000 in Woodland Park and another couple of thousand around the Ute Pass area that means we have 92 listings serving nearly 510,000 people!

In case you are wondering, that isn’t very many. As a matter of fact, it is down right scarce! So what does this mean? Well, for Sellers, it still means it’s a Sellers market. Things are priced high and still moving quickly so don’t fall prey to those discount agents that try to convince you that your home is worth less than you can actually get.

And for Buyers it means you need to be prepared. Work with your agent to get to the right homes first and leave the questionable ones as plan b. Be flexible when making offers. Depending upon the home and the area, talk to your agent about the possibility of multiple offers and how to win. There are various strategies beyond price such as accommodating the sellers deadlines or post rent back, quick closing, minimal inspection items and the list goes on. A savvy agent will coach you on the different terms to compete. Don’t be afraid and don’t throw in the towel. The right home in Woodland Park, Colorado Springs or the Ute Pass is out there and waiting for you but it’s just a different kind of game.

Thanks for joining me everyone! Have a great day and I will see you next week for the next episode of Property Marketing and Home Selling Secrets with Karen S. Schaefer.

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