District 11 then, and district 11 now.

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

District 11, often referred to as the “central district,” is the original school district in Colorado Springs. It has a rich history.

 

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:

 

434 properties sold

Median total square feet was 2,335

Median list price $249,975

Median sold price $248,000

Sales price to list price 99.08%

Median sales price per square foot $109

Cumulative days on market 40

Median year built 1978.

The oldest house sold was built in 1888.

 

 

For the most recent 3 months:

 

534 properties sold

Median total square feet was 2,264

Median list price $253,500

Median sold price $252,700

Sales price to list price 100.00%

Median sales price per square foot $113

Cumulative days on market 9

Median year built 1977.

The oldest house sold was built in 1885.

  

 

Median list prices and sale prices are a little higher.

Median sales price per square foot is up $4 per square foot from $109 to $113.

 

On a 2,300 square foot that is an increase of $9,200 just since last Fall.

 

Cumulative days on market is the most significant change. Down a median of 31 days from 40 days last Fall to just 9 days this Spring.

 

This is a popular area with abroad variety of house styles and decades in which they were built. 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)

Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Things are really heating up in your Central Springs District.

May 15, 2016 08:11 AM