Colorado Springs Real Estate Market Report for March 2008

The Colorado Springs real estate market is experiencing more movement this Spring. We are seeing more than half as many homes selling (56%) as going on the market for the month of March 2008.

New Listings: 875 homes for sale

• Average List Price: $ 302,236
  Lowest Average List Price: Southeast Colorado Springs (S/E): $143,541
  Highest Average List Price: Tri-Lakes/Monument (TRI): $533,654

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Pending Sales: 295 homes went under contract in March 2008

Sold Homes: 195

• Average SOLD Price: $257,152
  The Southwest (S/W) area of the Colorado Springs real estate market was the closest to the average sold price, at $262,755.

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Lowest Average Sold Price: Central Colorado Springs (CEN): $120,155
Highest Average Sold Price: Black Forest Colorado Springs (BLA): $478,065

Search Homes for Sale in Central and Downtown Colorado Springs Real Estate
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• Median Sold Price: $201,790
  East Colorado Springs real estate market ($201,145) and the Falcon real estate market ($202,435) were the closest to median sales price.

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List Price to Sale Price Ratios:

• Average List Price:Sale Price Ratio: 98.35%
• Median List Price:Sale Price Ratio: 98.30%

Lowest LP:SP Ratio: Westside Colorado Springs real estate market (WES): 95.87%
Highest LP:SP Ratio: Northgate Colorado Springs real estate market (NGT): 102.42%
(Northgate includes the Flying Horse neighborhood)

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Search Homes for Sale in Flying Horse Real Estate

Comments: Like February 2008, the most active area was real estate in Fountain Valley (F/V), where 89 new listings went on the market and 59 homes went under contract or sold in March 2008. Fountain Valley is just south of Colorado Springs and immediately east of Fort Carson Army Base. The average home in Fountain sells in about 117 days for about $180,030.

Check Out These Recent Colorado Springs Market Reports:

Colorado Springs Real Estate Market Report ~ February 2008
Colorado Springs Real Estate Market Report ~ January 2008
Colorado Springs Real Estate Market Report: December 2007

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.