Colorado Springs Market Report – May 2007

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]

Posted by: Mariana WagnerColorado Springs Real EstateMonument Real Estate

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About Mariana

I am a Mom, Wife, Real Estate Agent Trainer and Mortgage Lender. Find me at http://www.marianawagner.com
This entry was posted in Colorado Springs Info., Colorado Springs Real Estate, Colorado Springs Real Estate Market Reports, Monument Market Reports, Monument Real Estate. Bookmark the permalink.

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