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First Quarter 2009 Market report for homes in Northwest Colorado Springs
Colorado Spring Real Estate – Market Report for Northwest – Single Family Homes
Neighborhoods: Includes Homes in Mountain Shadows, Rockrimmon, Pinecliff
Search for Homes in Northwest Colorado Springs
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The housing market in Northwest Colorado Springs continues to be a BUYERS Market, as there is currently a 11.3 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“. Sales are down 15% from 2008 to 2007, but average pricing is ONLY down 6.5% from 2008 to 2007.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
| 1-1-2009 to 3-31-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 57 | 317 | 370 | 473 | 532 | 546 |
| Average Sale Price | $288,173 | $339,804 | $363,946 | $354,585 | $327,587 | $301,114 |
| Sales Price to List Price | 96.2 | 96.7 | 97.4% | 98.8% | 98.2% | 98% |
| Average Days on Market | 120 | 95 | 78 | 67 | 57 | 44 |
| Average # of house sold per month | 19 | 26.4 | 30.8 | 39.4 | 44.3 | 45.5 |
Current Report as of 3-5-09 in Northwest
- Active listings: 216
- Under Contract and Pending: 45
- Absorption Rate : 19.8 homes per month, a 11.3 month supply of houses currently on the market.
This Colorado Springs Real Estate report contains information on Single Family homes in Northwest .
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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