Colorado Springs Market Report - December 2007

The Colorado Springs Housing Market did well in December of 2007 and is still stronger than many other housing markets in the nation. Homeowners saw a healthy appreciation in 2007 and homes for sale are still selling around the 3 month mark.

Let's take a closer look at the data for the real estate market for December 2007:

• Average Days on Market (DOM): 109
  This is UP from 90 days from November.
• Median Days on Market: 85 Days
• High DOM: MAN at 257 Days.
• Low DOM: CEN at 54 Days.

Read Also: 2007 Colorado Springs Real Estate Market Report: Annual Days on Market Data

• Average Sale Price (SP): $259,575
  This is UP from $242,739 in November.
• Median Sales Price: $203,864
• High Sales Price: TRI at $450,531
• Low Sales Price: S/E at $162,054

• List Price to Sale Price Ratio (LP/SP): 97.19%
• High LP/SP: BRI at 99.67%
• Low LP/SP: BLA at 93.82%

Comment: BRI (Briargate) is home to the new Colorado Springs neighborhood of Wolf Ranch. (Read More: Colorado Springs Neighborhood Report ~ Wolf Ranch: The Community and Colorado Springs Real Estate: Homes for Sale in Wolf Ranch) The relatively high overall LP/SP ratios show that the homes for sale in Colorado Springs are generally priced well, and priced to sell. This is great news if you are looking to sell a home in Colorado Springs.

In December 2007:

• 535 homes went on the market
• 206 homes went under contract
• 158 homes sold

More Great Reading:
What to Expect from a Competent Listing Agent
Selling Your Colorado Springs Home: The Importance of Proper Pricing from Day One

Check out these previous Colorado Springs Real Estate Market Reports:
Colorado Springs Real Estate Market Report - November 2007
Colorado Springs Real Estate Market Report - October 2007
Colorado Springs Real Estate: Market Report - September 2007

[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/E = Northeast Colorado Springs, 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]

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.