Summer is almost always a great time for buying and selling real estate. Why? This is when people WANT to move. No one really wants to move in the middle of the school year, during the holidays or in 3 feet of snow.
Here is a snapshot of the Colorado Springs Real Estate Market for June, 2007.
Average Days on Market (DOM): 74
This is DOWN from 87 in June.
High DOM: S/W at 162 Days.
Low DOM: OCC at 13 Days.
Comment: The closest thing to the “average” was F/V at 81 days. This area is situated close to Fort Carson and offers both established and NEW neighborhoods.
Average Sale Price (SP): $307,356
This is up from $286, 581 in June.
High Sales Price: S/W at $789,843
Low Sales Price: S/E at $133,781
Comment: S/E covers the parts of town South of Platte Ave., West of Powers Blvd. and East of Academy Blvd.
List Price to Sale Price Ratio (LP/SP): 98.11%
High LP/SP: EAS at 115.27%
Low LP/SP: MAN at 82.65%
Comment: BRI information probably include new builds where list price is base price and Sale Price includes all the paid upgrades. There ARE a lot of new build communities in Briargate.
In July 2007:
- 940 homes went on the market
- 355 homes went under contract
- 250 homes sold
[KEY: BLA = Black Forest (Very Northeast of Colorado Springs), BRI = Briargate (Northern part of Colorado Springs), CEN = Central Colorado Springs (to include downtown and neighborhoods to the east of Downtown), 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]