Northgate Real Estate Sales Report For December of 2008:
The Northgate area actually had a pretty good December. Northgate is a small MLS area so seeing 19 sales in what is traditionally a slower month is actually quite impressive.
Northgate is one of the fastest growing areas in all of Colorado Springs, both residential and commercial.
Here is a look at the sales statistics for the Northgate Area:
Status |
MLS |
Zip |
List Price |
Sold Price | Acres |
Beds |
Baths |
Garage |
Year Built |
Sold | 460284 | 80921 |
$756,000 |
$649,754 |
0.28 |
5 | 4 | 3 | 2007 |
Sold | 537037 | 80921 |
$334,000 |
$310,000 |
0.36 | 6 | 5 | 2 | 1988 |
Sold | 434788 | 80921 |
$301,000 |
$297,000 |
0.21 | 5 | 3 | 2 | 2000 |
Sold | 449913 | 80921 |
$499,900 |
$475,000 |
0.22 | 4 | 3 | 3 | 2005 |
Sold | 554053 | 80920 |
$257,220 |
$250,000 |
0.087 |
4 | 4 | 2 | 2008 |
Sold | 489537 | 80908 |
$369,000 |
$369,000 |
0.22 |
4 | 4 | 3 | 2006 |
Sold | 529945 | 80921 |
$565,900 |
$555,900 |
0.22 |
4 | 4 | 3 | 2008 |
Sold | 500165 | 80921 |
$295,000 |
$292,000 |
0.21 | 3 | 3 | 2 | 1999 |
Sold | 500557 | 80921 |
$197,150 |
$195,000 |
0.089 |
3 | 3 | 2 | 2008 |
Sold | 571032 | 80921 |
$184,900 |
$179,900 |
0.074 |
3 | 2 | 2 | 2006 |
Sold | 426286 | 80921 |
$429,900 |
$432,900 |
0.20 |
4 | 4 | 3 | 2008 |
Sold | 497136 | 80921 |
$216,200 |
$220,000 |
0.34 | 3 | 4 | 2 | 1988 |
Sold | 565570 | 80921 |
$229,900 |
$220,000 |
0.16 | 3 | 2 | 2 | 2005 |
Sold | 514636 | 80921 |
$335,000 |
$340,000 |
0.14 |
5 | 3 | 3 | 2006 |
Sold | 452816 | 80921 |
$337,500 |
$315,000 |
0.20 |
4 | 3 | 3 | 2001 |
Sold | 552754 | 80921 |
$295,000 |
$275,000 |
0.39 |
4 | 4 | 2 | 1986 |
Sold | 440803 | 80920 |
$259,900 |
$255,500 |
0.24 |
5 | 3 | 2 | 2002 |
Sold | 592754 | 80921 |
$640,864 |
$640,864 |
0.37 |
2 | 2 | 3 | 2008 |
Sold | 521544 | 80921 |
$528,339 |
$523,339 |
0.36 |
4 | 3 | 3 | 2008 |
If you are considering selling your home, make sure you choose a Realtor that knows how to price, stage and market your home.
Choose Real Estate Professionals Joe and Jennifer Boylan: Click Here to take a look at our Seller Marketing Plan
Here are the sales results for the Tri-Lakes market for the month of December 2008. Although this is a weak showing the good news is the Tri-Lakes market is leveling off. Sales in December were close to the same as the November numbers.
The activity has picked up an interest rates a bound to bring some of the pent up buyer demand in off of the bench.
Here is a closer look at the sold data for December:
| Status | Mls Number | Zip Code | Listing Price | Sold Price | Acres | Bedrooms Total | Total Bath | Garage Spaces | Year Built |
|
Sold
|
596344
|
80132
|
$595,000
|
$595,000
|
0.5693
|
5
|
5
|
3
|
1992
|
|
Sold
|
517362
|
80132
|
$349,900
|
$339,900
|
0.6084
|
4
|
4
|
3
|
1987
|
|
Sold
|
574279
|
80132
|
$700,000
|
$625,000
|
2.52
|
5
|
5
|
3
|
2007
|
|
Sold
|
532974
|
80133
|
$214,700
|
$197,500
|
0.1313
|
4
|
2
|
2
|
1998
|
|
Sold
|
473483
|
80908
|
$549,000
|
$525,000
|
3.27
|
4
|
5
|
3
|
2000
|
|
Sold
|
554923
|
80132
|
$705,000
|
$660,000
|
2.5
|
4
|
5
|
3
|
2004
|
|
Sold
|
573758
|
80132
|
$545,000
|
$510,000
|
2.55
|
4
|
5
|
3
|
2003
|
|
Sold
|
473078
|
80921
|
$525,000
|
$523,000
|
0.5986685
|
4
|
4
|
3
|
1998
|
|
Sold
|
501698
|
80921
|
$474,900
|
$450,000
|
2.52
|
5
|
4
|
3
|
2003
|
|
Sold
|
424968
|
80132
|
$400,000
|
$375,000
|
0.63
|
5
|
3
|
3
|
2007
|
|
Sold
|
592339
|
80132
|
$154,900
|
$154,900
|
0.23
|
3
|
2
|
2
|
1984
|
If you are considering selling, make sure you choose a Realtor that knows how to price, stage and market your home.
Choose Real Estate Professionals Joe and Jennifer Boylan: Click Here to take a look at our Seller Marketing Plan
In a month that's shown some not so impressive numbers, one of the highlights for November of 2008 is the Days on Market statistic. We are currently sitting at an average of 82 days on market.
This is actually the fewest Average Days on Market for this year. Here is an overview of the Year To Date, Average Days on Market.
This number really isn't a reflection of the health of our market but more a reaction of the market to the market place. Many sellers have chosen the rental market or to just sit on the sidelines. On the other hand there aren't a lot of buyer in the market either.
In a month that's seen a lot of lack luster numbers the Listing Discount for November of 2008 actually looks pretty good. The current number is at 2.6 % of list price, this number has been as high as 3.7% in recent history.
Take a look at the Year To Date Listing Discount numbers for Colorado Springs Real Estate in 2008.
This information provided by Joe Boylan: http://www.springshomes.com
With the final numbers in from the Pikes Peak Association of Realtors for the month of November 2008. The 
Average List Price has reached a new low for the year.
I think this is more a reflection of lack of listing activity as opposed to lack of value. In other words, we are seeing fewer listings and certainly fewer higher end listings. Sellers are opting to get into the rental market or sit on the sidelines as opposed getting in the game and risking a sack.
Here is a look at the Year to Date Average Listing Prices for the Colorado Springs Real Estate Market. As you can see the decline has been gradual. Colorado Springs is for the most part a very conservative/stable market, so as this graphic shows, we don't tend to see dramatic swings i nour market statistics.
Serving Colorado Springs, Monument and the entire Pikes Peak Region. We specialize in truly unique homes…take a look at www.SpringsHomes.com
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