What’s the fastest a house sale can go through in Colorado Springs? If you plan on selling your home in the local market, it’s important to know what the conditions are like. That way, you can create an informed strategy and meet your sales goals.
In this post, our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team will discuss how fast it takes homes to sell in Colorado Springs, what the local housing market is like, and seven tips for a quick sale.
Key Takeaways:
- On average across the U.S., it takes homes anywhere from 30 to 90 days to sell– this includes the moment they’re listed until the final closing date.
- In Colorado Springs, homes spend around 23 to 53 days on the market before selling.
- Agents with more years in the industry are likely to have experienced these tough market conditions before. As a result, they know what to do to ensure a fast sale.
What’s the Fastest a House Sale Can Go Through?
On average across the U.S., it takes homes anywhere from 30 to 90 days to sell– this includes the moment they’re listed until the final closing date. In Colorado Springs, homes spend around 23 to 53 days on the market before selling.
However, the speed at which homes sell depends on various factors such as location, market conditions, pricing, marketing strategies, and characteristics of the property.
In particular, market conditions play an important role in how fast a home sells. For example, in areas with high demand and limited inventory, homes can sell in less than a week, or even instantly after being listed. These types of markets are considered seller’s markets, where sellers have the most advantage over buyers and are more likely to get top dollar.
On the other hand, slower markets where homes stay on the market longer and prices are lower are considered buyer’s markets. In this situation, buyers have more leverage over sellers.
A property may also sell slowly if it lacks curb appeal, has an uncommon design or unique features, or is priced too high.
These factors collectively determine how fast a home sale can go through and highlight the importance of careful consideration and strategic planning for sellers.
How Fast are Homes Selling in Colorado Springs?
In recent months, the median sale price in Colorado Springs was $425,000, which is a 2.1% increase from the same point a year ago. The average price per square foot is $209, which is a 2.7% increase from last year.
On average, homes spend 53 days on the market before selling, which means they aren’t selling especially fast. The hottest homes sell after 23 days on the market.
Since homes are spending more time on the market and demand is fairly low, this indicates a strong buyer’s market. In a buyer’s market, Colorado Springs home buyers tend to have more leverage over sellers.
Most homes sell for 1% below the asking price, while the hottest homes sell for 1% above their asking price. In addition, 24.7% sell above their asking price, and 26.5% of homes experience a price drop at some point after being listed.
7 Ways to Get Your Home Sold Quickly
- Hire an Experienced Realtor: Agents with more years in the industry are likely to have experienced these tough market conditions before. As a result, they know what to do to ensure a fast sale.
- Don’t Overprice: Overpricing will deter buyers from your home completely, rather than serve as a starting point for negotiations. An experienced realtor will analyze price trends and market conditions to help you come up with a competitive yet fair price.
- Make a Good First Impression: Make a strong first impression by investing in your home’s curb appeal. In addition, make sure your listing uses high-quality, professionally taken photos and videos.
- Invest in Professional Staging: Professionally staged homes sell faster and for more money, on average. Your realtor can help you find a stager who can highlight the spaciousness and natural lighting of your home.
- Target Your Ideal Buyer Online: Aside from posting your listing on real estate websites, it’s also a good idea to advertise on Facebook, Instagram, and other platforms. Targeted ads on these sites are great places to reach buyers in specific demographics and geographic locations who are the most likely to buy your home.
- Don’t Neglect Direct Mail: Use postcards, flyers, and brochures to spread the word about your home and reach buyers in the local community.
- Place Signage Around the Community: Place eye-catching for-sale signs and riders in front of your home to attract the attention of passersby and drivers in the local area.
Barb Schlinker Can Sell Your Home Fast in Colorado Springs
At Your Home Sold Guaranteed Realty - Barb Has the Buyers Team, Barb Schlinker and our entire team have been in the real estate business for 27 years. We’ve helped thousands of clients in Colorado Springs and the surrounding area sell their homes fast, and we know we can do the same for you.
Our team of real estate experts knows exactly what Colorado Springs buyers are looking for and can make sure your home stands out on the market, even in tough conditions. Plus, our Guaranteed Sale Program guarantees the sale of your home within your timeframe and for the best possible dollar.
To learn more about working with us to sell a house in Colorado Springs, call 719-301-1802 or fill out the form on this page. Take the first step to sell your house fast today!
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