Colorado Springs Real Estate Market -- 2008 Report for Northgate, by the Air Force Academy

By
Real Estate Agent with ERA Herman Group Real Estate

Colorado Spring Real Estate  - Northgate

Market Report for Single Family Homes

Air Force Academy Stadium in Colorado Springs

Close to Air Force Academy, Includes  Wildwood, GlenEagle, Flying Horse

The Northgate housing market continues to be a BUYERS Market, as there is currently an 8.85 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a "NEUTRAL MARKET".   Sales units are down 17%  from 2007, but pricing is only down 7.5% from 2007.

Recap of December Activity

  • Homes Sold in the last month:    21

Recap of 2008, 2007, 2006, 2005, and 2004

 

2008

2007

2006

2005

2004

Number of Homes Sold

 247

 298

 394

 389

 344

Average Sale Price

 $373,119

 403,415

$402,875

$384,487

$336,480

 

 

 

 

 

 

Sales Price to List Price

 96.6%

 97.4%

 99.3%

 100.2%

 100%

Average Days on Market

 114

 109

 76

 69

 69

Average # of house sold per month

20.6

24.8 

32.8

32.4 

28.7

Current Report as of 1-27-09 in Northgate

  • Active listings:    182
  • Under Contract and Pending:  25   
  • Absorption Rate:  8.85 homes per month

This Colorado Springs Real Estate report contains information on Single Family homes in Northgate 

This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

 

A Colorado Springs Real Estate Agent You Can Trust

Selling HOMES in El Paso & Douglas County; including Colorado Springs, Monument,  Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake

www.Kathytorline.com & www.ColoradoSpringsVintageHomes.com

Colorado Springs Real Estate

Posted by KAT

 

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Kathy Torline

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