Colorado Springs Vintage Homes Blog
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Market report for homes in Southwest Colorado Springs, May 2009
Colorado Spring Real Estate Market Report for Southwest
Single Family Homes
Includes homes in Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge
Search for homes in Southwest Colorado Springs
Related Article: Colorado Springs Foreclosure listings in SOUTHWEST area as of 6-10-09
The Southwest housing market continues to be a BUYERS Market, as there is currently a 9.2 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“. 2008 Sales units are down 25% from 2007, but 2008 pricing is only down 10% from 2007. 191 Single family homes have been sold in 2009 vs. 202 for the same period in 2008 a decline of 6%.
Current Report as of 6-11-09
- Active listings: 355
- Under Contract and Pending:
- Absorption Rate: 38.5 homes per month, a 9.22 month supply of houses currently on the market
Southwest home are:
- Close to Fort Carson
- Close to Norad
- Close to Pikes Peak Community College
- 20 Minutes from the Colorado Springs Airport
- 15 – 20 minutes from Citadel Shopping Mall
- 5 -15 Minutes from Downtown Colorado Springs
- 15 – 20 minutes from UCCS
- 10 – 15 Minutes from Garden of the Gods
- Close to Seven falls
- Great views of Pikes Peak
- Close to the Broadmoor Hotel
- Close to the Cheyenne Mountain Zoo
This Colorado Springs Real Estate report contains information on Single Family homes in Southwest Colorado Springs.
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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To find out more information about buying a home in Colorado Springs, call ….
Kathy (719-287-1049) KTorline@msn.com
