Black Forest Colorado, Year End Real Estate Report 2017

Record-Setting Year for Median Sales Price

2017 was another strong year for the Black Forest, Colorado real estate market. The area saw a new record high median sales price of $490,000! This is really impressive when you consider the state of Black Forest a few short years ago post-fire. The area has certainly bounced back in a big way. Here is the breakdown of the "Black Forest, Colorado median sales price" over the last ten years:

Number of Sales-Staying Above Average

When the median sales price set a record, we start to worry about affordability and more importantly, the number of sales. That concern was unfounded in 201, The Black Forest has averaged 186 sales per year over the past ten years. 2017 saw 209 sales, this number is down from the previous two years but we feel like this decrease is the result of a lack of inventory.

Here is a look at the number of sales, first for the month of December over the last ten years:

The number of annual sales since 2007:

In Conclusion

The Black Forest Real Estate Market looks to stay strong but new inventory is essential to the health of this market. We will keep a close eye on the Black Forest area as well as the overall Colorado Springs Real Estate Market.

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We have been compiling statistics both locally and nationally for many years. These reports are a collection of the last few years' worth of our Quarterly Market Reports so you can follow the Colorado Springs Real Estate Market.