Colorado Springs Vintage Homes Blog

Market report for homes in Northwest Colorado Springs for July 2009

Colorado Springs Real Estate  – Market Report for Northwest

Single Family Homes

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 7.78 months 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.    197 Single family Homes have been sold in 2009  vs. 219 for the same period in 2008; a decline of 11%.

 Current Report as of 8-7-09 in Northwest

• Active listings:   219
• Under Contract and Pending:  
• Absorption Rate : 28.1 homes per month for the last 6 months, a supply of 7.8 months 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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Kathy (719-287-1049)   KTorline@msn.com

Tags: colorado springs co real estate, Colorado Springs Real Estate, colorado springs realty, mountain shadows homes, peregrin homes, rockrimmon homes

This entry was posted on Tuesday, August 11th, 2009 at 4:23 pm and is filed under Neighborhoods - Northwest, Real Estate Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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