Colorado Spring Real Estate
Market Report for Southeast Colorado Springs - Single Family Homes
Neighborhoods Include: Spring Creek, Pikes Peak Park, Southborough, Eastborough
The Southeast area of Colorado Springs housing market continues to be a BUYERS Market, as there is currently a 3.5 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 down 16% from 2007, but average pricing was down 9.5% from 2007. 347 Single family homes have been sold in 2009 vs. 267 for the same period in 2008; an increase of 23%.
Recap of 2008, 2007, 2006, 2005, and 2004
|
|
1-1-2008 to 6-30-09 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
Number of Homes Sold |
347 |
521 |
624 |
726 |
879 |
744 |
|
Average Sale Price |
$121,674 |
$135.986 |
$150,322 |
$161,569 |
$154,116 |
$145,247 |
|
Sales Price to List Price |
98.2% |
97.9% |
98.5% |
99.4% |
98.8% |
99.5% |
|
Average Days on Market |
69 |
73 |
76 |
60 |
53 |
49 |
|
Average # of house sold per month |
57.8 |
43.4 |
52 |
60.5 |
73.3 |
62 |
Current Report as of 7-22-09
- Active listings: 202
- Under Contract and Pending : 140
- Absorption Rate: 57.8 homes per month, a 3.5 monthly supply of houses currently on the market
This Colorado Springs Real Estate report contains information on Single Family dwellings in Southeast 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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