Here is the Central and Downtown Colorado Springs Real Estate Market Report for 2010 – brought to you by the Colorado Springs Real Estate Connection. Central Colorado Springs neighborhoods are all the neighborhoods inside of Circle Drive (Fillmore to the North). Downtown is the neighborhoods roughly west of Union, East of I-25, south of Fillmore and North of Cimarron and includes the neighborhoods surrounding Colorado College and Patty Jewett Golf Course and include the Old North End and homes for sale on Wood Avenue.
Red More: About the Central and Downtown Colorado Springs Real Estate Market
Central and Downtown Colorado Springs Real Estate: Available and Sold Listings, by Month:
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There was a total of 537 home sales in Central and Downtown Colorado Springs in 2010. The majority of homes from March-June 2010, which is right when the Home Buyer Tax Credit was expiring, and everyone was anxious to buy a home and get the tax credit. In 2010, the best selection of homes was in July, peaking at 354 available homes for sale in central and downtown Colorado Springs.
Central and Downtown Colorado Springs Real Estate: Average Days on Market, by Month:
For the homes in the central and downtown Colorado Springs real estate markets that SOLD in 2010, the days on market data was all over the place – ranging from a low of 53 days in March to a high of 126 days in July. The average time that a home in central or downtown Colorado Springs stayed on the market was just 81 days.
Central and Downtown Colorado Springs Real Estate: Average Sale Price, by Month:
In 2010, downtown and central Colorado Springs homes had an average* sales price of $162,780. Prices varied from $133,709 in April all the way up to $189,505 in July of 2010.
(Average sales price is determined by adding up all the sales prices and dividing by how many sales happened. Median sales price is determined by finding the mid-way point between the highest and lowest price of sold homes. In some real estate markets, the median sales price is a better indicator of sales prices, as a random super-high or super-low sales price can thwart an average.)
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Based on Central and Downtown Colorado Springs Real Estate single family home information from the Pikes Peak REALTOR Services Corp. (”RSC”), for January-December 2010 . RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.