The Colorado Springs housing market saw a strong relationship between asking price/list price and sale price (LP/SP) in 2007. On average, homeowners in Colorado Springs received 97.71% of asking price.
Neighborhoods with the HIGHEST LP/SP ratios were:
- PWR (East of Powers Blvd.): 98.80%
- F/V (Fountain Valley / Fort Carson): 98.58%
- BRI (Briargate): 98.52
Read more information on the definitions of the different Colorado Springs MLS Areas and Boundaries.
Neighborhoods with the LOWEST LP/SP ratios:
- MAN (Manitou Springs)*: 95.32%
*Manitou Springs is a very eclectic town, with homes for sale in all price ranges and all conditions. Accurate comparables are difficult to find, which could explain the low LP/SP ratios for this area. - S/W (Southwest / Broadmoor): 96.21%
- WES (Westside): 96.21%
No matter where you live in Colorado Springs, a well-priced home will sell for almost full asking price.
Read Also: Selling Your Colorado Springs Home: The Importance of Proper Pricing from Day One
More from this Series:
2007 Colorado Springs Real Estate Market Report: Annual Days on Market Data
2007 Colorado Springs Real Estate Market Report: Annual Sale Price Data
2007 Colorado Springs Real Estate Market Report: Annual Housing Inventory Data
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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Very telling information for buyers and sellers, and what a beautiful graph, Mariana. How do you do this?
Our SP/LP ratios are around 94-96% for attached and detached homes in North County San Diego, hovering there for all of 2007.
Jeff
Mariana, great graph of the SP/LP ratio for your area. I sure shows you that if you price the property right you can and will sell.
Wonderful use of graphs. I need to spend more time on graphs. I don't want to use too many of them because they're invisible to Google but they make a very nice visual.
Jeff - I create the graphs in MSWord 07, copy them to Publisher and save them as a jpg. Much easier than it sounds, actually.
Frank- Thanks. You are right.
Lenn- They ARE invisible to Google, but Google is only part of the audience that I want to attract ...