Colorado Springs Vintage Homes Blog
Colorado Springs Real Estate, Colorado Springs Real Estate Investments, Colorado Springs realty
719.287.1049
It continues to be a great time to buy a home in the Central area of Colorado Springs
Colorado Spring Real Estate – 2004 to 2009 Market Report for Central Colorado Springs
Single Family Homes
Search for Homes in Central Colorado Springs
The Central area of Colorado Springs housing market continues to be a NEUTRAL Market, as there is currently a 4.56 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales in 2008 were down 16% from 2007, but average pricing was only down 5% from 2007. Average prices on Home Sales ($139,813) in the first two months of 2009 were down substantially from the pricing for the same months in 2008 ($162,185). It continues to be a great time to buy in a home in Colorado Springs.
Recap of 2008, 2007, 2006, 2005, and 2004
| 1-1-2009 to 2-28-2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 80 | 933 | 1120 | 1293 | 1447 | 1349 |
| Average List Price | $139,813 | $173,096 | $182,374 | $182,148 | $170,601 | $157,908 |
| Average Sold Price | $134,505 | $169,950 | $179,900 | $177,000 | $168,000 | $156,400 |
| Sales Price to List Price | 96.2% | 98.4% | 98.7% | 99.2% | 99.5% | 99.3% |
| Average Days on Market | 109 | 88 | 81 | 62 | 58 | 52 |
| Average # of homes sold per month | 40 | 77.8 | 93.8 | 107.8 | 120.6 | 112.4 |
Current Report as of 3-5-09 in Central Area
- Active listings: 355
- Under Contract and Pending : 111
- Absorption Rate: 77.8 homes per month, a 4.56 month supply of houses currently on the market
Must Read Post
If you enjoyed reading this article, why not To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049) KTorline@msn.com
