Pueblo West Real Estate Statistics for 3rd Quarter 2010

Here are the Pueblo West real estate statistics for 3rd Quarter 2010, 7/1/2010-9/30/2010.  The figures in parenthesis are from the same time period in 2009.  The properties on the market do NOT include properties under contract.

SINGLE FAMILY
Of the 96 Single Family Sold, all were single family homes, no condos/townhomes.

Residential homes sold 3rd quarter by price:

9 < $100K
37 between $100-150K
30 between $150-200K
11 between $200-250K
9 over $250K

Residential homes sold 3rd quarter by Pueblo West MLS location.

[To describe the Multiple List Service area breakdown, Pueblo West Acreage includes those lots on one acre (+) on the south side of Highway 50, not including the Golf Course area (which has smaller lot sizes), Liberty Point (the areas adjacent to Pueblo Lake boundaries) or Pueblo West East (generally areas east of the first McCulloch with smaller lot sizes).  There are two designated manufactured home park areas which are on smaller lots, one on the north side and one on the south side of Highway 50.]

27 Pueblo West Acreage
21 Pueblo West East
11 Pueblo West Golf Course

2 Pueblo West Liberty Point
5 Pueblo West Manufactured Homes
30 Pueblo West N of Highway 50

The lower figures for sale of residential homes this quarter reflects the rush last quarter to take advantage of the Federal First Time Home Buyer and Repeat Home Buyer Tax credit programs which ended April 30, 2010.  Many of the homes that were purchased last quarter would have occurred this quarter but for the credit.  Nearly 80% of the homes sold in Pueblo West during the second quarter were under $200K reflecting Pueblo West's affordability over Colorado Springs to the north.  I've added another row of information to show the homes that are no longer active but haven't yet sold - those pending sale.  Of the 84 residential properties pending sale, 16 are awaiting short sale approval from lender.

MULTI-FAMILY

Multi-family sales remain steady.  Of the 4 multi-family homes that sold this quarter 3 were duplexes and 1 was a 4-plex.  All sold for less than $142,000.  If you can get a loan (or are able to pay cash), it's a great time to purchase investment properties.

VACANT LOTS

Vacant lots sold 3rd quarter by Pueblo West MLS location:

5 Pueblo West Acreage
1 Pueblo West East
3 Pueblo West Golf Course
1 Pueblo West Liberty Point
0 Pueblo West Manufactured Homes
5 Pueblo West N of Highway 50

Lot sales continue to reflect the depressed building situation with prices trending downward.  If you live in Pueblo West or are a local builder and if you are interested in a particular lot because it is adjacent to your property or you want to build, give me a call. I've talked to many lot owners who want to sell but have decided not to place their lot on the market at this time.