Colorado Spring Real Estate, October 31, 2009
Market Report for Southwest – Single Family Homes, Homes Close to Fort Carson
Includes  Homes in the Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge

Search for Homes in Southwest Colorado Springs

The Southwest housing market continues to be a BUYERS  Market, as there is currently a 9.7 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.   2008 Sales units were down 25% from 2007, but 2008 pricing was only down 10% from 2007.   Sales have continued to declined in 2009 and pricing has continued to see downward pressure.

southwest dom pricing october 

southwest DOM october 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 377  440  580  604 801  752
Average Sale Price $312,449 $357,000 $394,375 $381,142 $371,349 $329,909
Sales Price to List Price TBD  95.6%  96.2%  96.8%  96.6%  97.9%
Average Days on Market 92  91  94  84  64  53
Average # of house sold per month 37.7  36.7  48.3  50.3 66.8  62.7

 Current Report as of  10-31-09 

  • Active listings:    331
  • Under Contract and Pending:   77
  • Absorption Rate:  37.7 homes per month, a 8.7 month supply of houses currently on the market

Southwest home are:

This Colorado Springs Real Estate report contains information on Single Family homes in Southwest 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 Colorado Springs, Call ……
Kathy (719-287-1049)   KTorline@msn.com