Northwest, Colorado Springs, Zip Code 80907/80919, Real Estate Market Report for January 2013

There are currently 106 active listings, 59 pending sales, and 13 sales in the Northwest area of Academy School District 20 for the month of January. Northwest includes the popular District 20 neighborhoods of Peregrine and Rockrimmon. The pending ratio is average at 36%. The pending ratio represents the supply and demand of the market. The higher the ratio, the greater the demand. A low ratio indicates more supply than demand.

The average sales price to list price ratio is a healthy 98.5%, indicating that sellers are not negotiating much below the sales price.

For the Northwest area of Colorado Springs, average sales price is $224,807 and the median sales price is $199,900.

For information about listing your Northwest home for sale, visit Selling Your Colorado Springs Home.

For the complete report visit Real Estate Market Report for Peregrine, Rockrimmon, and Northwest.