Photos from Joe Boylan
Another View Inside This Beautiful Community CenterLocated in: Cathedral Pines (Colorado Springs, CO)
Central - This area is a large section of the city that includes the downtown business district. Homes range from ranch style 1950's style homes to turn-of-the-century Victorian mansions. This area also includes a wide variety of shops, parks, theaters and restaurants. Colorado College occupies a large portion of downtowns prestigious Old North End.
| Central (Downtown) Colorado Springs Market Statistics-August 2008 |
| Median List Price: $160,000 |
| Average Sales Price: $171,731 |
| Median Sales Price: $162,000 |
| Listing Discount: 2.8% |
| Number of Sales: 69 |
| Months of Existing Inventory: 6 |
Courtesy Joe Boylan: http://www.SpringsHomes.com
August was not nearly as strong in Briargate as July but for the most part, this was to be expected. There was a 55.76% decrease in the number of Briargate sales from July to August. There were a couple of promising signs. First of all the Listing Discount is only 2.9%, that shows that the stuff that is selling in Briargate is priced well. Secondly, the months of existing inventory is at 6 months. This means the area is tending towards a "Buyers Market" but just barely.
| Briargate Market Statistics-August 2008 |
| Number of Sales: 52 |
| Median List Price:$304,950 |
| Average Sales Price: $304,347 |
| Median Sales Price: $291,500 |
| Listing Discount: 2.9% |
| Months of Existing Inventory: 6 |
This information courtesy Joe Boylan: http://www.SpringsHomes.com
Average sales price is a bellwether market indicator. Although month to month fluctuations can be misleading, we generally try to keep an eye on the big trends this statistic creates.
|
Month
|
Average Sales Price
|
|
January 2008
|
$235,023
|
|
February 2008
|
$226,692
|
|
March 2008
|
$236,503
|
|
April 2008
|
$239,578
|
|
May 2008
|
$251,543
|
|
June 2008
|
$256,829
|
|
July 2008
|
$252,549
|
|
August 2008
|
$235,098
|
"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period January, 2008 through August, 2008 . RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.
Black Forest-Just minutes from the north end of Colorado Springs is the Black Forest, a combination of dense pine forest and wide open rolling pine stubbled prairie. Certain parts of Black Forest offer stunning views of "Pikes Peak" and the Front Range. Home sites average 5 acres, restrictions are very light to non-existent and horses are OK with the exception of a few exclusive subdivisions. Recreation includes an equestrian center, a 240-acre county park, and the 320-acre Fox Run Regional Park.
Here's a great update from our friends at Empire Title. This certainly shows forclosures are still an issue in our marketplace.
Just in - total foreclosures El Paso County for August is 3,144 / 8 months = 393 foreclosures per month. Attached is the link to the Public Trustee web site and the Activity Report for Aug. See also attached pdf doc.
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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