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Colorado Springs Housing market report – Northwest Area as of October 2009
Colorado Spring Real Estate – Market Report for Northwest – Single Family Homes
For a Free Market Analysis on your neighborhood, email Kathy Torline at KTorline@msn.com or call at 719-287-1049
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The Northwest area in Colorado Springs continues to be a BUYERS Market, as there is currently a 8.45 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. 289 Single family Homes have been sold in 2009, a decline of 10% from 2008.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
| 1-1-2009 to 10-31-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 289 | 317 | 370 | 473 | 532 | 546 |
| Average Sale Price | $294,456 | $339,804 | $363,946 | $354,585 | $327,587 | $301,114 |
| Total Square footage | TBD | 3120 | 3195 | 3001 | 3093 | 3070 |
| Price Per Total Square Footage | TBD | $108.91 | $113.91 | $118.16 | $105.91 | $98.07 |
| Average Days on Market | 96 | 95 | 78 | 67 | 57 | 44 |
| Average # of house sold per month | 28.9 | 26.4 | 30.8 | 39.4 | 44.3 | 45.5 |
Current Report as of 11-13-09 in Northwest
- Active listings: 245
- Under Contract and Pending:
- Absorption Rate : 28.9 homes per month for the last 6 months, a supply of 8.4 months of houses currently on the market.
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.
If you enjoyed reading this article, why not To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049) KTorline@msn.com
