Colorado Springs Real Estate Market -- 2008 Report for West including Kissing Camels

By
Real Estate Agent with ERA Herman Group Real Estate

Colorado Spring Real Estate  - West

Market Report Garden of the Gods in Colorado Springs

Single Family Homes, Includes Pleasant Valley and Kissing Camels

The West housing market continues to be a BUYERS Market, as there is currently an 11 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 ONLY down 1% from 2007, but pricing is down more than16% from 2007.

Recap of December Activity

  • Homes Sold in the last month:   10   

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

 

2008

2007

2006

2005

2004

Number of Homes Sold

 145

174

 221

 241

 204

Average Sale Price

 $259,384

$309,879

$305,031

$254,546

$271,203

Sales Price to List Price

 96.7%

96%

 97.1%

 98

 96.4%

Average Days on Market

 73

75

 76

 60

 52

Average # of house sold per month

 12.1 

14.5

18.4

20.1 

17.0

Current Report as of 1-27-09

  • Active listings:    132
  • Under Contract and Pending:  27
  • Absorption Rate: 12.1 homes per month

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

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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Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Kathy,

The Springs are one of our favorite destinations!  Thanks for commenting on my Tucson blog.

Come back any time.

Mike in Tucson

Jan 28, 2009 08:57 PM #1
Rainmaker
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Kathy Torline
ERA Herman Group Real Estate - Colorado Springs, CO
Colorado Springs Real Estate Blog 719-287-1049

Mike:  Thanks for stopping by and commenting on my blog.

Jan 28, 2009 09:42 PM #2
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Kathy Torline

Colorado Springs Real Estate Blog 719-287-1049
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