Falcon district 49 then, and district 49 now.

By
Real Estate Broker/Owner with Colorado Real Estate Advisers LLC CO ER100025633

District 49, the Falcon School District, is located on the east side of Colorado Springs. It is a large district geographically, and one of the fastest growing.

 

With the Colorado Springs market heating up let’s look at the last 3 months of 2015 and the most recent 3 months.

 

For this comparison I will focus on the most typically sold properties, those from $200,000 to $600,000.

 

 

For the last 3 months of 2015:

 

486 properties sold

Median total square feet was 2,776

Median list price $263,6780

Median sold price $260,000

Sales price to list price 100.00%

Median sales price per square foot $96

Cumulative days on market 50

 

 

For the most recent 3 months:

 

594 properties sold

Median total square feet was 2,650

Median list price $268,000

Median sold price $267,000

Sales price to list price 100.00%

Median sales price per square foot $103

Cumulative days on market 13

 

Median list prices and sale prices are a little higher.

Median sales price per square foot is up $7 per square foot from $96 to $103.

 

On a 2,700 square foot that is an increase of $18,900 just since last Fall.

 

Cumulative days on market is the most significant change. Down a median of 37 days from 50 days last Fall to just 13 days this Spring.

 

This is a popular area for first time homebuyers. Not all houses at the same price level are of the same value. Buyers need to be working with a veteran broker who can educate them on the differences and help them with a strategy to get the house they want. 

Posted by

David Gibson, 

Certified Negotiation Expert (CNE)

Broker / Owner Colorado Real Estate Advisers LLC

Independent Real Estate Broker

Colorado (License # ER100025633) and Texas (License # TX 499067)

Email: broker719@gmail.com

Phone: 719-304-4684

3326 Sand Flower Dr, Colorado Springs, CO 80920

I help my clients buy "A Better House at Lower Cost."

 

Sellers ~ I offer staging, professional photography, drone photography and videos. I'd like to send you a link to our listings so you get an idea how great your house can look.

 

Call or text me at 719-304-4684, or email me at broker719@gmail.com for more house choices and better deals.

Comments (1)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning David. Strong market with large demand. Enjoy the run!

May 11, 2016 10:25 PM