Colorado Springs Vintage Homes Blog
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First Quarter 2009 Market report for homes in West Colorado Springs
Colorado Spring Real Estate - West area – Market Report – Single Family Homes
Includes Homes in Pleasant Valley and Kissing Camels
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
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The West housing market continues to be a BUYERS Market, as there is currently an 9.25 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 ONLY down 1% from 2008 to 2007, but pricing is down more than16% from 2008 to 2007.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
| 1-1-09 to 3-31-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 30 | 145 | 174 | 221 | 241 | 204 |
| Average Sale Price | $186,478 | $259,384 | $309,879 | $305,031 | $254,546 | $271,203 |
| Sales Price to List Price | 94.8% | 96.7% | 96% | 97.1% | 98 | 96.4% |
| Average Days on Market | 73 | 73 | 75 | 76 | 60 | 52 |
| Average # of house sold per month | 10 | 12.1 | 14.5 | 18.4 | 20.1 | 17.0 |
Current Report as of 4-27-09
- Active listings: 218
- Under Contract and Pending: 39
- Absorption Rate: 15.7 homes per month
This Colorado Springs Real Estate report contains information on Single Family homes in West
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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Kathy (719-287-1049) KTorline@msn.com
