Colorado Spring Real Estate
Market Report for Northeast Colorado Springs - Single Family Homes
Neighborhoods Include: Vista Grande Terrace, Vista Grande
The Northeast area of Colorado Springs housing market continues to be a NEUTRAL,BUYERS Market, as there is currently a 6.37 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. 365 Single family homes have been sold in 2009 vs. 439 for the same period in 2008; a decline of 17%.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
|
|
1-1-2009 to 6-30-09 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
Number of Homes Sold |
365 |
742 |
879 |
1081 |
1032 |
1253 |
|
Average Sale Price |
$228,075 |
$232,157 |
$240,639 |
$242,175 |
$237,587 |
$218,742 |
|
Average Days on Market |
75 |
79 |
73 |
62 |
52 |
50 |
|
Average # of house sold per month |
60.8 |
61.8
|
73.3
|
90.1 |
86
|
104.3 |
Current Report as of 7-11-09
- Active listings: 332
- Under Contract and Pending : 114
- Absorption Rate: 60.8 homes per month, a 5.45 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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Posted by KAT
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