Market Reports for Colorado Springs and District 20 - October 2014

By
Real Estate Agent with Keller Williams Clients Choice Realty, Colorado Springs, CO #FA100003680

Market Reports for Colorado Springs and School District 20 - October 2014

 

Colorado Springs:

There are currently 3,501 active listings and 972 total sales in the Colorado Springs for the month of October. The number of active listings is down 10.5% from one year ago and the sales are up 4.4%. The inventory for October is 3.6 months, a bit lower than we would expect going into fall.

The average sales price in Colorado Springs for September was $256,678, up 1% from September and up 3.5% from one year ago.  Median sales price for September was $224,950, up 3% from one year ago and the same from September. 

 

New home starts for Colorado Springs were at 271, up nearly 20% from one year ago. 

For the complete report visit Colorado Springs MLS Market Update 

Please note:

*  Pikes Peak MLS did not provide the Total Active numbers for February and March.

 

 

Academy District 20:

Listings in Academy District 20 are at 628 active listings, this is an increase of only 2% over one year ago. Pending sales increased 10% from one year ago and the same from September. Sales are up 7% from one year ago and down 17% from September. The pending ratio is 25%. 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.  We are seeing that with the winter months around the corner, demand is decreasing and supply is starting to increase. This is normal, however, with the 2010 loan modifications resetting in 2015, we anticipate an increase in supply and possibly an increase in short sales.

The average sales price to list price ratio remains strong at 98.6%, indicating that sellers are not having to negotiate much on their sales price.

Average sales price dropped slightly to $314,896 for September and median sales price is down about 7% to $280,000. 

Average days on market for Academy School District 20 was 93 with inventory at 5.1 months. 

For the complet report visit Academy School District 20 Real Estate Market Report

Visit the market updates for popular D20 neighborhoods:  Briargate to include Cordera, Pine Creek, and Wolf RanchNorthgate to include Flying Horse and GleneagleNorthwest to include Peregrine and Rockrimmon.

Academy District 20 Real Estate

Academy District 20 Real Estate

See all available homes for sale in Academy School District 20.

 

Original blog post located at http://www.AcademyDistrict20Homes.com

 

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Rainer
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Chris Webb
Nova Home Loans - Tucson, AZ
Tucson's Social Media Expert

Interesting stuff Nancy Murray  , how has your market looked for the past few months, or the past quarter? We are having a wierd year here in Tucson. 

Nov 13, 2014 07:24 AM #1
Rainmaker
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Nancy Murray
Keller Williams Clients Choice Realty, Colorado Springs, CO - Colorado Springs, CO
Your NICE Real Estate Agent in Colorado Springs

Chris, I've been in the business almost 9 years and this is my busiest year so far. Prices are at about the 2005 - 2006 level, not quite at the peak of 2008, but we are slowly getting there.

Nov 13, 2014 07:27 AM #2
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Rainmaker
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Nancy Murray

Your NICE Real Estate Agent in Colorado Springs
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