Colorado Springs Vintage Homes Blog
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Northwest Colorado Springs home sales remain strong
Colorado Spring Real Estate – Market Report for Northwest
Single Family Homes
Search for Homes in NorthWest Colorado Springs
The Northwest housing market continues to be a BUYERS Market, as there is currently a 8.4 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “BUYER’S MARKET“. Sales were down 15% from 2008 to 2007, but average pricing was ONLY down 6.5% from 2008 to 2007. 160 Single family homes have been sold in 2009 vs. 186 for the same period in 2008; a decline of 16%.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
| 1-1-2009 to 6-30-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 160 | 317 | 370 | 473 | 532 | 546 |
| Average Sale Price | $294,572 | $339,804 | $363,946 | $354,585 | $327,587 | $301,114 |
| Sales Price to List Price | 96.1% | 96.7% | 97.4% | 98.8% | 98.2% | 98% |
| Average Days on Market | 112 | 95 | 78 | 67 | 57 | 44 |
| Average # of house sold per month | 26.7 | 26.4 | 30.8 | 39.4 | 44.3 | 45.5 |
Current Report as of 7-8-09 in Northwest
- Active listings: 226
- Under Contract and Pending: 52
- Absorption Rate : 26.7 homes per month for the last 6 months, a supply of 8.4 month of houses currently on the market.
Northwest homes are:
- 30 Minutes from the Colorado Springs Airport
- 15 – 20 minutes from Citadel Shopping Mall
- 15 minutes from Chapel Hills Mall
- 15 – 20 Minutes from Downtown Colorado Springs
- 15 – 20 minutes from the Air Force Academy
- 10 minutes from UCCS
- Minutes from Garden of the Gods
- Minutes from Glen Eyrie Castle
- Minutes from Flying W Chuckwagon
- Minutes from the Pro Rodeo Hall of Fame
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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To find out more information about buying a home in Colorado Springs, call ….
Kathy (719-287-1049) KTorline@msn.com
