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Condomium and Townhome pricing continues to see downward pressure
Colorado Spring Real Estate
Market Report for Colorado Springs Townhomes & Condominiums
Search for Townhomes and Condominiums
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Townhomes and Condos in Colorado Springs continue to be a BUYERS Market, as there is currently a 8 month of supply of homes on the market. A 6 month supply of houses on the market is typically considered a “NEUTRAL MARKET“.
- Number of Townhomes and Condos in Colorado Springs sold are only down 1% from 2009 in 2008, but are down substantially from 2006, when 1767 townhomes/condos were sold.
- Average pricing continues to see downward pressure, currently down 7% from 2009 to 2008. 2009 pricing is down 15% from the high in 2006.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
|
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
| Active | 707 | |||||
| Number of Homes Sold | 1056 | 1062 | 1423 | 1767 | 1731 | 1548 |
| Average Sale Price | $147,804 | $158,272 | $173,372 | $166,335 | $152,901 | $148,947 |
| Average # of house sold per month | 88 | 88.5 | 118.6 | 147.3 | 144 | 129 |
This Colorado Springs Real Estate report contains information on Townhomes and Condomiums in the Colorado Springs Area
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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