Forest Meadows Real Estate August 2021

Forest Meadows Real Estate August 2021
Forest Meadows Real Estate August 2021 show that even though sales were down nearly 33% last month, home prices are still soaring in Forest Meadows and The Trails. We broke yet again another record for the average and median home prices! The average price rose 19.7% to $475,792 (up  over $78,000 in one year!). The median price hit $476,125 which is up 20.5% or over $81,000 in a year! 

The average time on market last month was 12 days. Don’t be fooled though– demand is still high! Homes are still selling for about 2.4% over list price on average showing that people are willing to pay more to win a house. Sold prices in our neighborhood ranged from $445,000 to $563,000.

As of 9/3, there are 7 homes currently for sale and 15 homes pending sale.

If you are thinking of selling, please give us a call! Inventory is slowly increasing, so let’s sell your home while the demand is high and supply is low! 
To see more detailed statistics for our neighborhood, including quarterly stats, click here.

For the Pikes Peak Region, we are closing out the summer with a sizzling month of home sales! Last month came in second for our record high at 1,870 homes sold, up 5.6% from last year! 

With continued high demand, we are still seeing double-digit price appreciation. The average price dipped just below the $500k threshold at $499,278, up 14.5% from last August. The median price remained the same as the last two months at $450,000 which is up 18.4% from last year. 

As of September 2nd, there are 1,052 homes for sale. This is the first time in a year (since September 2020) that we’ve had over 1,000 homes for sale! To put it into perspective, we only had 568 homes for sale May 1st. We are still sitting at a 0.54-month supply of homes, or roughly 16 days.

As you can see, we are selling way more homes than are coming onto the market, thus contributing bidding wars. The average selling price was 2.7% over asking price, indicating that many buyers are still paying over list price to win a home. However, this is down almost 2% from the last four months, suggesting a small, but welcomed reprieve for buyers.

Homes for sale in Forest Meadows & The Trails, click HERE
What has sold in Forest Meadows & The Trails this year, click HERE

To see more detailed information, please visit our Market Conditions page.

Give us a call whether you are thinking of buying or selling!

Rick Van Wieren (719) 331-7675
Mary Barkley (719) 421-9360