The Colorado Springs housing market saw a strong relationship between asking price/list price and sale price (LP/SP) in 2007. On average, homeowners in Colorado Springs received 97.71% of asking price.
MAN (Manitou Springs)*: 95.32% *Manitou Springs is a very eclectic town, with homes for sale in all price ranges and all conditions. Accurate comparables are difficult to find, which could explain the low LP/SP ratios for this area.
S/W (Southwest / Broadmoor): 96.21%
WES (Westside): 96.21%
No matter where you live in Colorado Springs, a well-priced home will sell for almost full asking price.
Wonderful use of graphs. I need to spend more time on graphs. I don't want to use too many of them because they're invisible to Google but they make a very nice visual.
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Derek & Mariana are Associate Brokers with Keller Williams Clients'Choice Realty
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Very telling information for buyers and sellers, and what a beautiful graph, Mariana. How do you do this?
Our SP/LP ratios are around 94-96% for attached and detached homes in North County San Diego, hovering there for all of 2007.
Jeff