Great News! Colorado Springs homeowners saw a healthy appreciation in 2007! The Colorado Springs real estate market saw an average sales price of $269,075. This is UP from the 2006 average sales price of $264,755.
In fact, Colorado Springs has seen great appreciation since the MLS started recording data in 1994. The average sales price in Colorado Springs has jumped $100,000 since 1999!
Colorado Springs area neighborhoods with the HIGHEST sales prices:
Read more information on the definitions of the different Colorado Springs MLS Areas and Boundaries.
Neighborhoods in and around Colorado Springs with the LOWEST sales prices:
Things are looking GREAT for Colorado Springs homeowners!
More from this Series:
2007 Colorado Springs Real Estate Market Report: Annual Days on Market Data
2007 Colorado Springs Real Estate Market Report: Annual Housing Inventory Data (1/5/08)
2007 Colorado Springs Real Estate Market Report: Annual List Price to Sale Price Ratios (1/5/08)
Read Also: Existing-Home Sales Rise in November, Market Likely Stabilizing
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Clients' Choice Realty, specializing in Colorado Springs Real Estate and Monument Real Estate.
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Advocates for Consumer Empowerment in Real Estate. Real Estate Brokers for Colorado Springs & Monument, Colorado. We love where we live & we love what we do. ColoradoSpringsRealEstateConnection.com
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Mariana, you don't see the press writing about these market conditions. If you could do a blog on the graphs. They are very nice and help bring your post to life.
Hi Frank - Thank you. Here is a link on how I use MS Word 07 to create the graph: http://office.microsoft.com/en-us/word/HP051900461033.aspx ...from there I copied/pasted it into MS Publisher and saved it as a jpg file. After I cropped nad resized it, I was able to inset it into my blog.
Hi Bob,
You are right. Average sales price can be totally skewed - especially in larger areas where you find SFH selling for anywhere from $80k - $1M ... like Colorado Springs. I include median sales prices in my month-to-month reports, but looking at it annually: The C/S Median sales price is about $230k.
For sure you won't hear this on the TV. Somewhat the same story over here in Montrose on the western Slope, yes the number of homes sold was down 18% in 2007 from 2006 the average price of a home wen t up $1500 to $219,000 and the days on the market went from 139 in 2006 to 143 in 2007 hardly a bad situation is it. Foreclosures went from 85 in 2006 to 102 in 2007 again hardly anything to be negative about. Keep being positive....
I'm working on it! Thanks and have a great 08, Alan!