Colorado Springs Vintage Homes Blog

Colorado Springs Homes, August Market Report for Condo/TownHomes

Colorado Real Estate, Recap of August 2008 Activity

Condo/TownHomes

 Search for townhomes and condos in Colorado Springs

Related post:  Nightmare for new home owners — liens filed against property

Condo/TownHomes Sold in the last month:   97 (32.2% decline from 2007)  

• Condo/TownHomes Sold in August 2007:   143   

Average Sales Price:  $172,171 (1.8% decline from 2007)

• Average Sale Price in 2007  $175,297

Total Active:  975 (14.4%  decline from 2007)

• Total Active in 2007:  1139

Sales Price vs. List Price:  95.5%

Average Days on Market: 97

 Recap of ALL Activity for Condo/TownHomes in 2008

Condos/TownHomes Sold from 1-1-08 to 8-31-08:  781  (15.5% decline from 2007)

• Condo/TownHomes Sold from 1-1-07 to 8-31-07:  1079            

Average Sales Price from 1-1-08 to 8-31-08:  $161,982 (6.7% decline from 2007)

• Average Sales Price from 1-1-07 to 8-31-07:  $173,572     

Absorption Rate:   97 Condo/Townhomes per month, a  9.5 month supply of houses currently on the market.   It’s currently a BUYER”S MARKET in Colorado Springs for Condos/Townhomes

This Colorado Springs Real Estate report contains information on Condo/Townhomes.

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

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Kathy (719-287-1049)   KTorline@msn.com

Tags: colorado springs condominums, colorado springs condos, Colorado Springs Homes, Colorado Springs Real Estate, Colorado Springs Realtor, colorado springs townhomes, Homes in Colorado Springs

This entry was posted on Wednesday, September 24th, 2008 at 5:20 am and is filed under Colorado Springs, Real Estate Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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