Meridian Ranch -- Near Peterson AFB -- Market Report as of September 30, 2010

Homes in Meridian Ranch are in the Falcon Area in Colorado Springs

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Zip Code: 80831

The Meridan Ranch housing market continues to be a BUYERS Market, as there is currently a 11 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 down 22% from 2009 to 2008, and pricing was down 8% from 2009 to 2008. Sales units have continued to increase for 2010, but pricing has continued to decrease.

Single Family Homes in Meridian Ranch were primarily built from 2003 to 2009, with an average age built of 2005. The majority of the houses are 2-stories and ranches with 2 - 4 baths, with 2-3 car garages.

The average home has appx. 1500 to 3000 square footage. The 2009 absorption rate of 6.4 houses per month shows that there is a 11 month supply of houses on the market; the housing market is currently a "BUYER'S/NEUTRAL MARKET in this area. A 6 month supply of houses on the market is considered a "NEUTRAL MARKET".

The area is bounded by Meridian Road and Stapleton, North to Rex, East side of Meridian.

The school District is District 49, Falcon; and the majority of students to go Meridian Ranch Grade School, Falcon Junior High School and Falcon High School. There is a neighborhood park, Woodmen Hills Park, and the Antler Creek Golf Course in the neighborhood.

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