Ruthie's Corner

Home Prices in Cripple Creek & Victor CO for April 2019 Real estate market data for Cripple Creek Victor CO provided by  Ruth Grainger-Starr  of   Grainger Realy LLC, CC-V Home Prices We have seen prices increase for the month of April on  home prices in Cripple Creek & Victor  while inventory decreased.  If you are considering buying or selling a home in Cripple Creek or Victor area having a good real estate agent who understands the market is a must. If you are interested in how much  current inventory is on the market in the CC-V area  you can find that information by clicking on the link. Low inventory will suggest that homes are selling quicker as buyers have little to choose from. Currently in this area, homes have a median time of 61  days on the market before they sell. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers...

The median list price in December 2018 for single family homes in the CC-V District is $630,000. The list prices increased by 144% from the previous month.  The price per square foot for listings in this area is $216.  The median sales price in December for single family homes in the CC-V District is $215,750. The Sales prices increased by 44% from the previous month. The Average Days on Market in this area is 54. The median list price in December 2018 for land  in the CC-V District is $83,700. The list prices increased by 288% from the previous month.  The price per square foot for listings in this area is $1.  The median sales price in December for land in the CC-V District is $14,900. The Sales prices increased by 14% from the previous month. The Average Days on Market in this area is 149. Happy New Year!!! May you have a blessed 2019!!!

The median list price in November 2018 for single family homes in the CC-V District is $257,350. The list prices increased by 7.2% from the previous month.   The price per square foot for listings in this area is $263.  The median sales price in November for single family homes in the CC-V District is $150,000. The sales prices decreased by 21% from the previous month. The Average Days on Market in this area is 63. The median list price in November 2018 for land in the CC-V District is $21,500 . The list prices increased by 57% from the previous month.   The price per square foot for listings in this area is $1.    The median sales price in November for land in the CC-V District is $13,000. The list prices decreased by 80% from the previous month. The Average Days on Market in this area is 233.

Monthly Real Estate Market Stats for Cripple Creek Victor So, January is the start of the year and in real estate many people list their homes with the thought that might not get much traction until spring. In Southern Teller County we have a unique January. Some of the Properties listed at the start of the year sell quicker than the seller expects. My goal is once a month post the stats for Southern Teller County housing market to keep you informed on what is moving and what is not. Let’s start with Active listings on the market in January 2018. There where 46 active listings on the market which is up two from 2017. This January the average Days on Market was 37. The median sales price was $157,500. Which is up from 2017 where the median sales price was $155,375 with Days on the Market of 28. In January 8 properties sold in the Cripple Creek Victor Area, with a 93.9% chance of selling at listing price . Stay tuned for February 2018 stats which I will post at t...

Currently in the Cripple-Creek Victor district we are seeing an influx of buyers with not enough homes for them to purchase. This is a recent swing of the pendulum of supply and demand. Many of the buyers fall into two categories. The first are employed in the area and looking for a closer commute to work. The second are folks looking for a summer or retirement home or property. Recently I have seen an influx of land buyers coming in looking for land that is not in an HOA. Which can lead to some other issues. The lots for sale in the HOA are cheaper pre-acre than lots that are not. The price difference is about $3,000-$5,000 dollars difference. One benefit of the land in an HOA you almost always have no access issues. With land that is not in the HOA you will find some of the cheaper lots are priced that way for a reason, no access. It can be a trick to find land that is not restricted by covenants and has the legal access you are looking for. Are you looking to buy or sell...

A market review for the month of April for the Cripple Creek- Victor area. In the month of April we saw a downward trend in single-family residences listed and sold however the sold prices have rose 54.6% from last year. In the townhome and condominium market there has been little change for the month of April. Another positive sign for the month of April was the days on the market have decreased by 58.4% from last year with the average being 52 days on the market. The month of May is looking like another good month for sellers to get their full asking price. Many people are coming to the area looking for second homes and parcels to build their dream home on.