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Colorado Springs Real Estate Report for Powers Area for 2009

By
Real Estate Agent with ERA Herman Group Real Estate

Colorado Spring Real Estate

Market Report for Powers Area, Single Family Homes

 Includes Homes in Springs Ranch and Stetson Hills

Search for Homes in Powers Area

Homes in Colorado Springs Powers area continue to be a NEUTRAL Market, as there is currently a 3.9 month of supply of homes on the market.   A 6 month supply of houses on the market is typically considered a "NEUTRAL MARKET". 

  • Number of Homes in Powers area in Colorado Springs sold are up 11% more than in 2008, but are down substantially from 2005, when 1533 homes were sold.
  • Average pricing continues to see downward pressure, currently down 5% from 2009 to 2008.   2009 pricing is down 10% from the high in 2006.

 

Recap of 2009, 2008, 2007, 2006, 2005, and 2004

 

2009

2008

2007

2006

2005

2004

Active

331

 

 

 

 

 

Pending Under Contract

179

 

 

 

 

 

Number of Homes Sold

 1001

901

1111

1393

1533

1262

Average Sale Price

 $199,846

$209,942

$219,622

$220,961

$211,284

$194,059

Average Days on Market

 72

88

79

64

59

50

Average # of house sold per month

 83.4

75.1

92.6

116.1

127.8

105.2

 

 

 

 

 

 

 

 

This Colorado Springs Real Estate report contains information on Single Family homes in POWERS

This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

Colorado Springs Real Estate Agent, An Expert You Can Trust

Selling Real Estate in the Colorado Springs area, including Monument,  Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake

  www.ColoradoSpringsVintageHomes.com, www.KathyTorline.com

Posted by Kathy Torline - Nordstrom    719-287-1049   KTorine@msn.com

Kathy Toth
Ann Arbor Market Center Keller Williams - Ann Arbor, MI
Ann Arbor Real Estate Experts - Kathy Toth Team

I love your chart with the numbers - graphs are cool too.  Do you know Larry Kendall?

Jan 25, 2010 10:08 PM
Cory Fitzsimmmons
ReThink Real Estate Group - Golden, CO
Realtor - Denver, CO ReThink real estate group

Good post Kathy.  I don't know your area but I like to follow fellow CO realtors.

Jan 26, 2010 04:59 AM
Kathy Torline
ERA Herman Group Real Estate - Colorado Springs, CO
Colorado Springs Real Estate Blog 719-287-1049

Kathy:  Thanks for stopping by.  No, I don't know Larry Kendall.

Jan 27, 2010 10:46 PM