Good news!  I pulled some statistics together so you can see that our real estate market in the Winter Park, Colorado area is definitely seeing some improvement.

Year to date for the purpose of this report is January 1, 2010 to August 22, 2010 over January 1, 2009 to August 22, 2009.  The total number of residential properties in the Winter Park area to go under contract has increased by 52% year to date and the total number sold has increased by 59%.  The total volume is up 80% while the average sales price increased by 13%.  The % of sales price to list price is 92% of list price.

For the year to date condominium sales in the Winter Park area, I found the following.  Under contracts year to date is up 22% and the number of sold properties increased by 16%.  The total volume of sales is up 8% and the average sales price has decreased by 6%.  The percent of list price to sales price for condominiums is 93% of list price.

Vacant land in the Winter Park area has also seen some improvement to their statistics.  The number of under contracts has increased by 91%, while the total number of pieces sold is up 90% over 2009.  The total volume is up 75% and the average sales price is down 7%.  The average percent of list price to sales price is 83% of list.

As I said, good news!  Interest rates, both 15 year and 30 year are at all time lows.  Sellers are motivated and bank owned property is providing for some incredible deals.