Colorado Springs Vintage Homes Blog
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Colorado Springs Downtown — 2008 Pricing ONLY down 5% in Central Area
Colorado Spring Real Estate
Market Report for Central Colorado Springs – Single Family Homes
Search for Homes in Downtown Colorado Springs
The Central part of Colorado Springs housing market continues
to be a NEUTRAL Market, as there is currently a 5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“. Sales are only down 16% from 2007, but average pricing is only down 5% from 2007.
Recap of December Activity
- Homes Sold in the last month: 59
Recap of 2008, 2007, 2006, 2005, and 2004
| 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 933 | 1120 | 1293 | 1447 | 1349 |
| Average List Price | $173,096 | $182,374 | $182,148 | $170,601 | $157,908 |
| Average Sold Price | $169,950 | $179,900 | $177,000 | $168,000 | $156,400 |
| Sales Price to List Price | 98.4% | 98.7% | 99.2% | 99.5% | 99.3% |
| Average Days on Market | 88 | 81 | 62 | 58 | 52 |
| Average # of homes sold per month | 77.8 | 93.3 | 107.8 | 120.6 | 112.4 |
Current Report as of 1-15-09 in Central Area
- Active listings: 393
- Under Contract and Pending : 73
- Absorption Rate: 77.8 homes per month, a 5 monthly supply of houses currently on the market
Central Part of Colorado Springs homes are in District 11 School District
- Close to Memorial Hospital and Penrose Hospital
- Close to and the Olympic Training Center
- Close to Colorado College
- Great views of Pikes Peak
- Close to the Colorado Springs School for Deaf and Blind
- 20 Minutes from the Colorado Springs Airport
- 10 minutes from Citadel Shopping Mall
This Colorado Springs Real Estate report contains information on Single Family dwellings in Central Central Colorado Springs
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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If you enjoyed reading this article, why not Kathy (719-287-1049) KTorline@msn.com
