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Home sales in Central Colorado Springs continue to be brisk
Colorado Spring Real Estate
Market Report for homes in Central Colorado Springs – Single Family Homes
Search for Homes in Central Colorado Springs
The Central part of Colorado Springs housing market continues to be a NEUTRAL Market, as there is currently a 5.66 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales were only down 16% from 2008 to 2007, but average pricing was down 5% from 2007 to 2008. 395 single family homes have been sold in 2009 vs. 467 for the same period in 2008; a decline of 15%.
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 | 395 | 933 | 1120 | 1293 | 1447 | 1349 |
| Bank owned SOLD | 95 (25%) | |||||
| Short Sales SOLD | 19 (4.8%) | |||||
| VA Owned SOLD | 6 (1.5%) | |||||
| Average List Price | $139,488 | $173,096 | $182,374 | $182,148 | $170,601 | $157,908 |
| Average Days on Market | 76 | 88 | 81 | 62 | 58 | 52 |
| Average # of homes sold per month | 65.8 | 77.8 | 93.3 | 107.8 | 120.6 | 112.4 |
Current Report as of 7-14-09 in Central Area
- Active listings: 330
- Under Contract and Pending : 126
- Absorption Rate: 65.8 homes per month, a 5.01 month supply of houses currently on the market
Central Part of Colorado Springs homes are in District 11 School District
- Close to Memorial Hospital and Penrose Hospital
- Close to and the Olympic Training Center
- Close to Colorado College
- Great views of Pikes Peak
- Close to the Colorado Springs School for Deaf and Blind
- 20 Minutes from the Colorado Springs Airport
- 10 minutes from Citadel Shopping Mall
This Colorado Springs Real Estate report contains information on Single Family dwellings in Central Central 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
It is heartening to see that home sales in central Colorado Springs continue to be brisk. With the current economic crisis, people do not have funds to invest in new homes. But going by the statistics and figures above, real estate market is doing well. There is a slight dip in the numbers but still, this sector is faring much better than other sectors.