We saw quite a bit of snow in the latter part of December and into the beginning of January. It definitely took a toll on the housing market in Colorado Springs. We saw a drastic drop in showings on our listings as no one wanted to brave the snow to look at houses. Let’s take a look at the “numbers” regarding sales…
This data was pulled from the Pikes Peak MLS and does not include most new construction, nor does it include FSBO sales.
Average Days on Market (DOM): 104 (up 12 days from December 2006)
- High DOM: WES at 209 (up 78 days from December)
In December, OCC was the highest, at 154 DOM.
- Low DOM: OCC at 33 (Down 121 days from December! – OCC went from the highest DOM to the lowest, in just one month!
In December MAN was at the lowest, with 44 DOM.
Sale Price (SP) to List Price (LP): 98.26% (Up .57% from December 2006)
- High SP to LP: 100.2% in OCC (up 3.68% from December)
In December BRI was the highest, at 101.73%.
- Low SP to LP: 94.18% in S/E (up 5.43% since December)
In December WES was the lowest at 93.86%.
In January 2007:
- 812 new listings appeared on the market
- 276 homes went under contract
- 153 homes sold.
- The highest average sales price was $506,995 and was in Northgate NGT.
- The lowest average sales price was $137,709 and was in S/E.
[ WES= Westside, OCC= Old Colorado City, MAN= Manitou Springs, BRI= Briargate, S/E= Southeast, NGT= Northgate]
Posted by: ‘Springs Realty Scoop- Colorado Springs Real Estate