Colorado Springs Market Report - April 2007

Here is a snapshot of the Colorado Springs Real Estate Market for April, 2007.

Average Days on Market (DOM): 88
This is DOWN 6 days from March.
High DOM: NGT at 127 Days.
Low DOM: OCC and N/E tie at 66 Days.

Comment: It looks like spring has thawed the days on market - keeping us in Seller's Market.

Average Sale Price (SP): $269,499
This is down from $271,833 in March.
High Sales Price: TRI at $446,206
Low Sales Price: S/E at $137,360

Comment: NGT, S/W and TRI are the top competitors for high sales price, and S/E remains the area with the lowest sales price.

List Price to Sale Price Ratio (LP/SP): 97.84%
High LP/SP: BRI at 99.15%
Low LP/SP: WES at 90.85%

Comment: BRI (Briargate) has been hovering at the 98% ratio for some time. I believe that the demand for homes in Briargate (D-20) has gone up, since many D-20 schools closed their doors to out of district students.

In April 2007:

• 2,041 homes went on the market
• 1,036 homes went under contract
• 943 homes sold

[KEY: BLA = Black Forest (Very Northeast of Colorado Springs), BRI = Briargate (Northern part of Colorado Springs), WES = Westside (West of I-25 and North of Fillmore), OCC = Old Colorado City (Western part of Colorado Springs, off Hwy 24), FAL = Falcon (Woodmen Hills and Meridian Ranch, just east of Colorado Springs, MAN = Manitou Springs - (just East of Colorado Springs), N/E = Northeast Colorado Springs, NGT = Northgate (Northernmost part of Colorado Springs, near the North Gate of the Air Force Academy), S/E = Southeast Colorado Springs, S/W = Southwest Colorado Springs]