Colorado Springs Vintage Homes Blog

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 

Current Report as of 1-15-09  

• Active listings:    314
• Under Contract and Pending:    56
• Absorption Rate:  36.7 homes per month, a 8.5 month supply of houses currently on the market

Southwest home are:

• Close to Fort Carson
• Close to Norad
• Close to Pikes Peak Community College
• 20 Minutes from the Colorado Springs Airport
• 15 – 20  minutes from Citadel Shopping Mall
• 5 -15 Minutes from Downtown Colorado Springs
• 15 – 20 minutes from UCCS
• 10 – 15 Minutes from Garden of the Gods
• Close to Seven falls
• Great views of Pikes Peak
• Close to the Broadmoor Hotel
• Close to the Cheyenne Mountain Zoo

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

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

Must Read Posts:

• Buying a home in Colorado – what you should know about making an offer
• How does days on market affect home prices in Colorado Springs?

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

Tags: broadmoor homes, Colorado springs colorado homes, colorado springs real estate market, colorado springs realty, Colorado Springs south, Colroado Springs Realtors

This entry was posted on Thursday, January 22nd, 2009 at 4:49 am and is filed under Neighborhoods - Southwest, 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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