Colorado Springs Market Report - September 2007

Here is a snapshot of the Colorado Springs Real Estate Market for September, 2007.

Average Days on Market (DOM): 84
This is UP from 83 day from August.
High DOM: WES at 144 Days.
Low DOM: MAN and BRI at 53 Days.

Comment: Days on market are holding steady at under 3 months. Let’s hope that this sticks through the winter.

Average Sale Price (SP): $292,194
This is UP from $281,274 in August.
High Sales Price: WES at $538,333
Low Sales Price: S/E at $123,881

Comment: The Median Sales price was at $248,299 – much closer to the price of an “average” home that you will find in Colorado Springs.

List Price to Sale Price Ratio (LP/SP): 97.09%
High LP/SP: PWR at 100.11%
Low LP/SP: MAN at 94.12%
Comment: Our average LP/SP ratio has gone down – lower than it has been in awhile, but still fairly healthy.

 

In September 2007:

  • 751 homes went on the market (PWR had the most new homes on the market at 81 homes)
  • 259 homes went under contract (N/E had the most homes go under contract at 29 homes)
  • 184 homes sold (F/V had the most homes sold at 24 homes)
For more information on the Colorado Springs Real Estate Market, please check out our recent reports:
[KEY: BLA = Black Forest (Very Northeast of Colorado Springs), BRI = Briargate (Northern part of Colorado Springs), WES = Westside (West of I-25 and North of Fillmore), OCC = Old Colorado City (Western part of Colorado Springs, off Hwy 24), FAL = Falcon (Woodmen Hills and Meridian Ranch, just east of Colorado Springs, MAN = Manitou Springs - (just East of Colorado Springs), N/E = Northeast Colorado Springs, NGT = Northgate (Northernmost part of Colorado Springs, near the North Gate of the Air Force Academy), S/E = Southeast Colorado Springs, S/W = Southwest Colorado Springs]
Posted By: Mariana Wagner – Colorado Springs Real Estate
Related Posts
Colorado Springs Real Estate: Market Report for June 2007
Manitou Springs Real Estate Market Report for July 2008
El Paso County CO Real Estate Market Report for July 2008
Colorado Springs Real Estate: Market Report - October 2007
Ignore the Media!! Colorado Springs Home Values UP 5.6% From 2005


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Posted on October 02, 2007 15:16:35 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.

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