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Colorado Springs Homes -- July 2009 market report for West

Colorado Spring Real Estate - West

Market Report - Single Family Homes

Includes Homes in Pleasant Valley and Kissing Camels

The West housing market continues to be a BUYERS Market, as there is currently an 7.24 month of supply of homes on the market. A 6 month supply of houses on the market is considered a "NEUTRAL MARKET". Sales units were ONLY down 1% from 2008 to 2007, but pricing was down more than16% from 2008 to 2007. 145 sales in 2009 vs. 139 sales in 2008, show an increase in sales for the first 7 months of the year.

Recap of 2009, 2008, 2007, 2006, 2005, and 2004

1-1-09 to 7-31-09

2008

2007

2006

2005

2004

Number of Homes Sold

145

219

174

221

241

204

Average Sale Price

$216,008

$236,608

$309,879

$305,031

$254,546

$271,203

Sales Price to List Price

TBD

96.7%

96%

97.1%

98

96.4%

Average Days on Market

100

85

75

76

60

52

Average # of house sold per month

20.7

18.25

14.5

18.4

20.1

17.0

Current Report as of 8-18-09

  • Active listings: 150
  • Under Contract and Pending: 52
  • Absorption Rate: 20.7 homes per month

This Colorado Springs Real Estate report contains information on Single Family homes in West

This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

A Colorado Springs Real Estate Agent You Can Trust

Selling HOMES in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake, Woodland Park

www.Kathytorline.com & www.ColoradoSpringsVintageHomes.com

Colorado Springs Real Estate

Posted by KAT

Posted Wednesday Aug 19