Colorado Springs Vintage Homes Blog
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Market Report for homes in Central Colorado Springs as of October 31, 2009
Colorado Spring Real Estate
Market Report for homes in Central Colorado Springs, Single Family Homes
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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. Pricing and Sales have continued to decline in Central Colorado Springs in 2009.
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 | 670 | 933 | 1120 | 1293 | 1447 | 1349 |
| Average List Price | $163,028 | $173,096 | $182,374 | $182,148 | $170,601 | $157,908 |
| Average Days on Market | 64 | 88 | 81 | 62 | 58 | 52 |
| Average # of homes sold per month | 67 | 77.8 | 93.3 | 107.8 | 120.6 | 112.4 |
Current Report as of 11-17-09 in Central Area area
- Active listings: 332
- Under Contract and Pending : 120
- Absorption Rate: 67 homes per month, a 4.95 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.
If you enjoyed reading this article, why not Kathy (719-287-1049) KTorline@msn.com
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