Colorado Springs Market Report – April 2007

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

Average Days on Market (DOM): 88
This is DOWN 6 days from March.
High DOM: NGT at 127 Days.
Low DOM: OCC and N/E tie at 66 Days.

Comment: It looks like spring has thawed the days on market – keeping us in Seller’s Market.

Average Sale Price (SP): $269,499
This is down from $271,833 in March.
High Sales Price: TRI at $446,206
Low Sales Price: S/E at $137,360

Comment: It looks like NGT, S/W and TRI are the top competitors for high sales price, and S/E remains the area with the lowest sales price.

List Price to Sale Price Ratio (LP/SP): 97.84%
High LP/SP:
BRI at 99.15%
Low LP/SP: WES at 90.85%

Comment: BRI (Briargate) has been hovering at the 98% ratio for some time. I believe that the demand for homes in Briargate (D-20) has gone up, since many D-20 schools closed their doors to out of district students.

In April 2007:

  • 2,041 homes went on the market
  • 1,036 homes went under contract
  • 943 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




About Mariana

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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s