Glenwood Springs Real Estate Market - View Glenwood Springs Real Estate Market Trends in Colorado

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Glenwood Springs. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 970-319-4803
Average Home Price	$350,000 - View Graph Trend

Average Price Compared to Last Year	Down 20-25%

Average Time on Market	More than 120 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	80-85%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Glenwood Springs is	No Change

Seller Activity for the past 90 days in Glenwood Springs is?	No Change

Multiple Offers?	No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	10-15%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	In order to get financing lenders are looking at a few factors: 1. Having 20-30% down payment. 2. A credit score of 650 and above. 3. A steady job with a steady income. I know this because I am an active buyer in this market. My advice is if your thinking of buying and wondering what kind of financing you are qualified for go and interview a few different lenders and compare interest rates. If you’re not qualified to get a loan there are other options. 1. Look for sellers that offer owner financing. 2. Find out what it is that is holding you back from getting a loan and work on slowly fixing it so in the future you will be qualified.

Housing Inventory	Good supply - Some Prices

Inventory Comments	As of 2/2012 there are currently 85 ’Single Family Homes’ on the market in Glenwood Springs, CO. Price Range of inventory: $135,000-$1,195,000. Of the 85 single family homes on the market, 21 are currently under contract. There are also currently 28 Condo/Town-homes on the market with a price range of $79,000-$399,000. Of the 28 Condo/Town-homes 10 are currently under contract.

Greatest Activity	Investors

Reason to Buy/Sell	Glenwood Springs in really in the middle of everything. Aspen/Snowmass is 45min away. Vail Ski Resort is an hour east and Grand Junction is an hour west from Glenwood Springs. Glenwood offers everything from Sunlight ski mountain to one of the many golf courses the valley has to offer including but not limited to Ironbridge, River Valley Ranch, and Aspen Glen all minutes away. One of Glenwood Springs best family spot is

Nearest Metro Area	Denver, CO

Housing Hot Spots	Most cities within the Garfield County area are considered ’Housing Hotspots’

Average Sold Price	$350,000 - View Graph Trend

Glenwood Springs Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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