Market Report as of
As the most sought-after neighborhood in Canon City, the Dawson Ranch area has some truly remarkable homes and market activity echoes this. Following the increasing energy from the Denver (#1 market in the nation for 2016) and Colorado Springs housing markets, Dawson Ranch is an area of very high interest. As current inventory levels are dropping, property values are being driven up. With a shift to a seller's market, demand is exceeding inventory levels.
Concerning potential sellers: If you have been thinking of selling your home, now is a very leveraged and rare time to do so. In contrast, if interest rates go up even a single point (which there is current risk of occurring), buyers' property purchasing power is lowered by 10%. This means there is a substantial reduction in the number of people capable of buying your house at the price you need, and statistically this often results in a considerable reduction of your price.
Concerning potential buyers: Interest rates are extremely low (with an ever-present risk of increasing in the near future), market volatility variables concerning the nation in general are relatively stable, and real estate inventory in the Dawson Ranch area is moving towards record lows. If you are looking to purchase property in Dawson Ranch at a preferable price, your window of opportunity is shrinking.