When is the best time to sell your home in Colorado Springs?

When is the right time to sell your home in Colorado Springs?
Video Transcription

When is the best time to sell your home in Colorado Springs? Hi everybody. My name is Chris, I’m with HomesIn719.com. In this video, I hope to give you, not only my opinion but facts as to when to sell your home in Colorado Springs.

If I had to guess, you’ve probably spoken to your friends, your neighbors, mom and dad, grandma, grandpa, and they all have varying opinions on when is the best time to sell your home in Colorado Springs. Well, the first thing to know is you need to have a reason to move. That’s the first thing. Well, if you got that, then trying to match it up with when exactly you want to move to maximize your situation can be looked at very quickly. So, I’m going to flip over to a different screen here and show you some data from our friends at Empire Title here in Colorado Springs that’s going to show you what the market does here in Colorado Springs, and when.

So, if I flip over here, this is data, this chart is from November of 2019, the December data is not out just yet. But if you look at this closely, you’ll be able to see that the market here is very cyclic. In other words, it repeats over and over again almost exactly. So, depending on what you’re trying to achieve, this chart can be very helpful to determine what and when you should put your home on the market. If you’re looking for a maximum price, typically you want the most amount of buyers. And that tends to happen here in the May, June, July period every year. You see that’s the peak when we have the most active listings. That also means you have the most competition, but it also means you have the most buyers typically.

And that’s because the military has what’s called PCS season, permanent change of station when the U.S. military moves around. And since we have several U.S. military bases here, they all tend to move in the summertime, and that is when you see them all leaving and in order for them to leave, people have to replace them. So, that’s also when we typically have the most buyers, and you’ll see the peak sales prices for homes. But you’re also going to be seeing a lot of offers, so you’re going to have to deal with that.

If you’d rather have fewer showings may be, and you don’t want to deal with all that and you’re okay getting maybe a little bit less money, you can see there in the fall time period or early spring is the best time. Now, don’t fret too much if you go for that fall, early spring time period to sell your home, because you’re still likely going to get a good sales price for your home, likely near what the peaks were the previous year. But depending on where your home is and everything else, it does change that a little bit, but don’t expect the price to fall off $50,000, $60,000 unless you’re in a really big expensive home.

If you’re in the traditional $330,000 home here in Colorado Springs, you might see a $10,000 to $15,000 price drop during that season. Especially if you’re trying to sell it or get it under contract around Christmas, that’s when it’s really quiet here. But if people actually do put an offer, they’re dead serious about buying the home during that period because they want to move. They need to move in most cases. So, if you’re looking to buy or sell a home, in this case sell a home, this is the information you need to pick when you want to put your home on the market.

If you’re still a little confused, please feel free to give me a call at (719) 332-3628. Again, (719) 332-3628 or check out my website at HomesIn719.com. Thanks for watching. Have a good day, bye now.

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