Colorado Springs Real Estate: Market Report - August 2007

Here is a snapshot of the Colorado Springs Real Estate Market for August, 2007.
Average Days on Market (DOM): 83
This is UP 74 day from July.
High DOM: BLA at 226 Days.
Low DOM: N/W at 37 Days.
Comment: The closest thing to the “average” was S/W - at 75 days. BLA (Black Forest) encompasses a variety of different areas of N/E Colorado Springs.
Average Sale Price (SP): $281,274
This is DOWN from $286,581 in July.
High Sales Price: S/W at $492,278
Low Sales Price: OCC at $130,000
Comment: OCC (Old Colorado City) has not had the lowest average sales price in a long time. Many different home types make up OCC.
List Price to Sale Price Ratio (LP/SP): 96.88%
High LP/SP: PWR at 99.66%
Low LP/SP: MAN at 92.19%
Comment: If properties are not priced right to begin with, low LP/SP ratios are a very common occurrence.
In August 2007:
  • 883 homes went on the market
  • 301 homes went under contract
  • 252 homes sold
For more information on the Colorado Springs Real Estate Market, please check out our recent reports:
Posted By: Mariana Wagner – Colorado Springs Real Estate


http://www.coloradospringsrealestateconnection.com/005436
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Posted on September 08, 2007 11:44:58 by Mariana.Wagner

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To begin your search for the perfect home or sell your home in the Colorado Springs area, call Derek and Mariana Wagner at (719) 434-7525.