Here is a snapshot of the Colorado Springs Real Estate Market for June, 2007.
Average Days on Market (DOM): 87
This is UP 1 day from May.
High DOM: N/W at 128 Days.
Low DOM: CEN at 53 Days.
Comment: The closest thing to the “average” was FAL – Falcon at 89 days. This is a HUGE change, seeing as the last quarter of 2006 FAL was at over a year.
Average Sale Price (SP): $286,581
This is up from $282,801 in May.
High Sales Price: TRI at $652,076
Low Sales Price: S/E at $124,521
Comment: TRI (Tri-Lakes) covers the areas of Monument, Woodmoor and Palmer Lake.
List Price to Sale Price Ratio (LP/SP): 98.17%
High LP/SP: EAS at 100.66%
Low LP/SP: BLA at 96.39%
Comment: Manitou Springs did not have any sales data for the month of June 2007.
In June 2007:
- 1,085 homes went on the market
- 414 homes went under contract
- 245 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/W = Northwest Colorado Springs (NW of I-25 and Garden of the Gods), N/E = Northeast Colorado Springs, EAS = East Colorado Springs (East of Academy Blvd.), 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]