Colorado Spring Real Estate
Market Report for Northeast Colorado Springs, Single Family Homes
Neighborhoods Include: Homes in Vista Grande Terrace, Vista Grande
Search for homes in Northeast Colorado Springs
The Northeast area of Colorado Springs housing market continues to be a NEUTRAL,BUYERS Market, as there is currently a 5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a "NEUTRAL MARKET". Sales were only 15% from 2008 to 2007, but average pricing was only down 3.5% from 2008 to 2007. 450 Single family homes have been sold in 2009 vs. 525 for the same period in 2008; a decline of 15%. Sales have increased in Northeast Colorado for 2009, but pricing has continued to decline.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
|
|
1-1-2009 to 10-31-09 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
Number of Homes Sold |
658 |
742 |
879 |
1081 |
1032 |
1253 |
|
Average Sale Price |
$228,816 |
$232,157 |
$240,639 |
$242,175 |
$237,587 |
$218,742 |
|
Average Days on Market |
74 |
79 |
73 |
62 |
52 |
50 |
|
Average # of house sold per month |
65.8 |
61.8 |
73.3 |
90.1 |
86 |
104.3 |
Current Report as of 11-17-09
- Active listings: 302
- Under Contract and Pending : 111
- Absorption Rate: 65.8 homes per month, a 4.5 monthly supply of houses currently on the market
This Colorado Springs Real Estate report contains information on Single Family dwellings in Northeast area of Colorado Springs
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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www.Kathytorline.com and www.ColoradoSpringsVintageHomes.com
Posted by Kathy Torline - Nordstrom
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