Absorption Rates for Canon City Colorado 2012

The Absorption Rates for 2012

The rate at which homes are selling within a price point. The figures below are for January 1, 2012 to Dec 31, 2012. Figures furnished by the Royal Gorge Association of Realtors Multiple Listing Service (MLS)

$300,000 – $400,000 in Canon City
5 homes sold
53 homes are on the market (Jan 6, 2013)
92.34% – 95.9%  sold  vs list (the price actually sold versus what they were listed at)
$81.94 – $96.20 per square foot
157 average days on the market
It will take approx 10.5 years for the current houses to sell at their current price

$250,000 – $300,000 in Canon City
14 homes sold
15 homes are on the market (Jan 6, 2013)
95.61% – 96.52% sold vs list (the price actually sold versus what they were listed at)
$78.50 – $93.31 per square foot
165 average days on the market
It will take approx 1 year for the current houses to sell at their current price.

$200,000 – $250,000 in Canon City
30 homes sold
35 homes are on the market (Jan 6, 2012)
97,85% – 97.67% sold vs list
$100.87 – $108.00 per square foot
158  average days on the market

$150,000 – $200,000 in Canon City
52 homes sold
50 homes are on the market (Jan 6, 2013)
96.58% – 97.92% sold vs list ( the price actually sold verses what they listed at)
$94.90 – 94.50 per square foot
148 days on the market

$100,000 – $150,000 in Canon City
125 homes
81 homes are on the market (Jan 6, 2012)
$84.68 – $86.00 per square foot
176 days on the market

Buyers should be aware that most homes are priced appropriately if the seller is earnest about selling. And sellers should be aware that if they are overpriced their properties will sit on the market unsold. Supply and Demand are the determining factor in selling. If a house is overpriced, most likely there is another, similar property that is priced right. And the buyers appraiser is not going to allow an overpriced house to be financed.

Every house and property is unique. Each situation is different. The figures above are general figures.

About Dena Stevens (719) 369.9087

Putting the 'real' into REALTOR since 2004 Ask about vacant land, ranch land or residential properties. Loyalty and devotion are things buyers and sellers expect from their Realtor as well as the fiduciary responsibility of due diligence. Dena is a certified Ecobroker, focused on sustainability, energy efficiency and the environment and is a Certified Sales Professional from the Association of Home Builders. Specialties: A client once said "you put the 'real' into REALTOR" to me. I took it as a complement and I've been using it ever since, I'm a no nonsense kind of person. I've been helping people buy and sell real estate since 2004. Associate Broker REALTOR Certified Sales Professional (CSP) Short Sale Foreclosure Resource (SFR) Ecobroker GHSP The Fair Housing Act is a federal act in the United States intended to protect the buyer or renter of a dwelling from seller or landlord discrimination. Its primary prohibition makes it unlawful to refuse to sell, rent to, or negotiate with any person because of that person's inclusion in a protected class.
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