Colorado Springs Vintage Homes Blog
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84% of Colorado Springs foreclosed homes went under contract in a week
Sunday bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of June 15, 2009
During the last 7 days, 51 bank-owned properties came on the market; 36 of them are already under contract or pending. 84% of these new listings went under contract in a week.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
Colorado Springs Downtown — 2008 Pricing ONLY down 5% in Central Area
Colorado Spring Real Estate
Market Report for Central Colorado Springs – Single Family Homes
Search for Homes in Downtown Colorado Springs
The Central part of Colorado Springs housing market continues
to be a NEUTRAL Market, as there is currently a 5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“. Sales are only down 16% from 2007, but average pricing is only down 5% from 2007.
Recap of December Activity
- Homes Sold in the last month: 59
Recap of 2008, 2007, 2006, 2005, and 2004
| 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 933 | 1120 | 1293 | 1447 | 1349 |
| Average List Price | $173,096 | $182,374 | $182,148 | $170,601 | $157,908 |
| Average Sold Price | $169,950 | $179,900 | $177,000 | $168,000 | $156,400 |
| Sales Price to List Price | 98.4% | 98.7% | 99.2% | 99.5% | 99.3% |
| Average Days on Market | 88 | 81 | 62 | 58 | 52 |
| Average # of homes sold per month | 77.8 | 93.3 | 107.8 | 120.6 | 112.4 |
Current Report as of 1-15-09 in Central Area
- Active listings: 393
- Under Contract and Pending : 73
- Absorption Rate: 77.8 homes per month, a 5 monthly supply of houses currently on the market
Southwest Colorado Springs, home sales down 25% in 2008
Colorado Spring Real Estate MARKET
Report for Southwest – Single Family Homes
Includes 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 8.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“. Sales units are down 25% from 2007, but pricing is only down 10% from 2007.
Recap of December Activity
- Homes Sold in the last month: 41
Recap of 2008, 2007, 2006, 2005, and 2004
| 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 440 | 580 | 604 | 801 | 752 |
| Average Sale Price | $357,000 | $394,375 | $381,142 | $371,349 | $329,909 |
| Sales Price to List Price | 95.6% | 96.2% | 96.8% | 96.6% | 97.9% |
| Average Days on Market | 91 | 94 | 84 | 64 | 53 |
| Average # of house sold per month | 36.7 | 48.3 | 50.3 | 66.8 | 62.7 |
Current Report Read the rest of this entry »
