Here is a snapshot of the Colorado Springs Real Estate Market for May, 2007.
Average Days on Market (DOM): 86
This is DOWN 2 days from April.
High DOM: MAN at 142 Days.
Low DOM: PWR at 60 Days.
Comment: Interesting that PWR (Powers area) has jumped down over 20 DOM over the past few months.
Average Sale Price (SP): $282,801 269,499
This is down from $269,499 in April.
High Sales Price: BLA at $447,834
Low Sales Price: S/E at $137,588
Comment: S/E remains the low sales price leader in the ‘Springs area.
List Price to Sale Price Ratio (LP/SP): 97.26%
High LP/SP: PWR at 99.37%
Low LP/SP: MAN at 90.71%
Comment: This ratio is down from 97.85% in April 2007.
In May 2007:
- 2,234 homes went on the market
- 864 homes went under contract
- 804 homes sold
[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]