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Colorado Springs
Archive for February 5th, 2009
Old North End Housing in Colorado Springs remains strong in 2008
2004 – 2008 Market Report for Old North End Neighborhood
Single Family Homes
Search for Historic Homes in Colorado Springs
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Single Family Homes in Old North End were primarily built in the 1900’s to 1920’s. The majority of the houses are ranches and 2-storys, with 3 to 5 bedrooms, 2- 3 baths, and 1 – 2 car garages. The average home has appx. 2500 to 3500 square footage. The absorption rate of 3.3 houses per month shows that there is a 4.9 month supply of houses on the market; the housing market is currently a NEUTRAL -SELLERS MARKET in this area. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”
Recap of December 2008 Activity
Homes Sold in the last month: 4
Recap of 2008, 2007, 2006, 2005, and 2004
| 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 39 | 32 | 39 | 41 | 20 |
| Average List Price | $431,400 | $473,300 | $486,711 | $367,526 | $383,072 |
| Average Sold Price | $413,705 | $449,690 | $469,629 | $354,371 | $366,158 |
| Average Days on Market | 104 | 153 | 106 | 86 | 69 |
| Total Square feet | 2857 | 2921 | 3435 | 2646 | 3423 |
| Average # of house sold per month | 3.3 | 2.7 | 3.3 | 3.4 | 1.7 |
