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Colorado Springs Homes -- July 2009 market report for Northeast

Colorado Spring Real Estate

Market Report for Northeast Colorado Springs - Single Family Homes

Neighborhoods Include: Vista Grande Terrace, Vista Grande

The Northeast area of Colorado Springs housing market continues to be a NEUTRAL,BUYERS Market, as there is currently a 5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a "NEUTRAL MARKET". Sales were only 15% from 2008 to 2007, but average pricing was only down 3.5% from 2008 to 2007. 450 Single family homes have been sold in 2009 vs. 525 for the same period in 2008; a decline of 15%.

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

1-1-2009 to 7-31-09

2008

2007

2006

2005

2004

Number of Homes Sold

450

742

879

1081

1032

1253

Average Sale Price

TBD

$232,157

$240,639

$242,175

$237,587

$218,742

Average Days on Market

TBD

79

73

62

52

50

Average # of house sold per month

64.3

61.8

73.3

90.1

86

104.3

Current Report as of 8-24-09

  • Active listings: 326
  • Under Contract and Pending : 129
  • Absorption Rate: 64.3 homes per month, a 5 monthly supply of houses currently on the market

This Colorado Springs Real Estate report contains information on Single Family dwellings in Northeast area of Colorado Springs

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

www.Kathytorline.com & www.ColoradoSpringsVintageHomes.com

Colorado Springs Real Estate

Posted Tuesday Aug 25