Colorado Springs Real Estate Report for Southeast Area as for October 2009

By
Real Estate Agent with ERA Herman Group Real Estate

Colorado Spring Real Estate 

Market Report for Southeast Colorado Springs, Single Family Homes

 Neighborhoods Include:  Homes in Spring Creek, Pikes Peak Park, Southborough, Eastborough

 Search for homes in Northeast Colorado Springs

The Southeast area of Colorado Springs housing market continues to be a BUYERS  Market, as there is currently a 3.2 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 2008 to 2007, but average pricing was down 9.5% from 2008 to 2007.  Sales have continued to increase in 2009, but pricing has continued to decrease.

Market statistics for Southeast Colorado Springs

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

 

1-1-2008 to 10-31-09

2008

2007

2006

2005

2004

Number of Homes Sold

608

 521

 624

 726

 879

 744

Average Sale Price

$128,518

$135.986

$150,322

$161,569

$154,116

$145,247

Sales Price to List Price

TBD

 97.9%

 98.5%

 99.4%

 98.8%

 99.5%

Average Days on Market

53

 73

 76

 60

 53

 49

Average # of house sold per month

60.8

43.4

 

52

 

60.5

73.3

 

62

Current Report as of 11-20-09

  • Active listings:   200
  • Under Contract and Pending :   115
  • Absorption Rate:  60.8 homes per month, a 3.2 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.

A Colorado Springs Real Estate Agent You Can Trust

Selling Real Estate in El Paso & Douglas County; including Colorado Springs, Monument,  Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake

www.Kathytorline.com and www.ColoradoSpringsVintageHomes.com

Colorado Springs Real Estate

Posted by Kathy Torline - Nordstrom

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Colorado El Paso County Colorado Springs Soaring Eagles
Groups:
Realtors®
Localism Brainstorming
Colorado Real Estate
Market Updates
Colorado Realty Bloggers
Tags:
colorado springs relocation
colorado springs realtor
colorado springs south
colorado springs home sell
colorado springs home values

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
320,361

Kathy Torline

Colorado Springs Real Estate Blog 719-287-1049
Ask me a question
*
*
*
*
Spam prevention

Additional Information