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First quarter 2010 market report for homes in SOUTHWEST area in Colorado Springs
Housing Market Report for Southwest Colorado Springs, Single Family Homes
Includes Homes in Broadmoor, Cheyenne Meadows, Broadmoor Bluffs, Quail Ridge
Search for homes in Southwest Colorado Springs
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Homes in Southwest Area 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 Homes in Southwest Area sold are up by 8% in 2009 vs. 2008. When comparing the high of 801 homes sold in 2005, unit sales are down by 40%.
- Average pricing continues to see downward pressure, currently down 16% from 2009 to 2008. Pricing is actually down 24% from the high of $394,375 in 2007.
- 2010 is continuing to see an increase in sales and a decrease in average pricing.
Colorado Springs Foreclosure listings in the Southwest area as of 5-6-09
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in Southwest As of 5-4-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com. Search for Homes in SouthWest Colorado Springs
Neighborhoods: Homes in Cheyenne Meadows, Stratmoor Village, Skyway, Broadmoor, Broadmoor Bluffs, Quail Ridge
Active homes for sale, INCLJUDING FORECLOSURES
- Short sales: 24 (5.3%)
- VA Owned: 1 (.2%)
- Bank-owned: 15 (3.3%)
- Normal: 412 (90.9%)
- Government Owned: 1 (.2%)
