Market Report as of
As the county seat, Canon City has the strongest real estate market in Fremont County. Following the substantial energy from the Colorado Springs and Denver housing markets (#1 market in the nation for 2016)
, Canon City is currently booming with interest. As inventory is being driven down, property values are being driven up. There has been a transition to a seller's market as demand is outpacing the current inventory.
Concerning potential sellers: If you are thinking of selling your property, now is a very leveraged time to do so. If interest rates go up even a single point (which there is currently risk of occurring), purchasers' home buying power goes down 10%. This translates into fewer people capable of purchasing your property at the price you need, and statistically this frequently leads to a substantial reduction in your price. If you are considering selling your property, this is a rare and opportune time to maximize your price.
Concerning potential buyers: Interest rates are very low (with risk of them rising in the near future), market volatility factors concerning the country as a whole are relatively stable, and real estate inventory in this area is nearing record lows. If you are considering purchasing property in Canon City, your window of opportunity is shrinking.