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Archive for January 22nd, 2009
Southwest Colorado Springs, home sales down 25% in 2008
Colorado Spring Real Estate MARKET
Report for Southwest – Single Family Homes
Includes Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge
Search for Homes in Southwest Colorado Springs
The Southwest housing market continues to be a BUYERS Market, as there is currently a 8.5 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 25% from 2007, but pricing is only down 10% from 2007.
Recap of December Activity
- Homes Sold in the last month: 41
Recap of 2008, 2007, 2006, 2005, and 2004
| 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 440 | 580 | 604 | 801 | 752 |
| Average Sale Price | $357,000 | $394,375 | $381,142 | $371,349 | $329,909 |
| Sales Price to List Price | 95.6% | 96.2% | 96.8% | 96.6% | 97.9% |
| Average Days on Market | 91 | 94 | 84 | 64 | 53 |
| Average # of house sold per month | 36.7 | 48.3 | 50.3 | 66.8 | 62.7 |
Current Report Read the rest of this entry »
