Mariana Wagner

2008 Annual Northeast Colorado Springs Real Estate Information – Sales Price Data

The Northeast Colorado Springs Real Estate market saw a 2008 annual average sales price of about $229,419 and an annual average median sale price of $202,646.

Here we see how this was broken down by month:

Northeast Colorado Springs Homes were getting the highest prices in June of 2008, at an average sale price of $219,000. The lowest sale prices was in November of 2008, at an average of $185,000.

Buyer Tip: Northeast Colorado Springs has homes built in the 1960′s all the way to new and high-end custom homes in University Park. Although there are less homes to choose from, the Winter months seem to be the best time to get a home at a lower price.

Seller Tip: To get the most money for your home, make sure it is the BEST condition and priced AT (or slightly below) market price and have it available to show during the higher dollar months of Spring and Summer.

The following graph shows the difference between what a N/E Colorado Springs home was listed for (list price/asking price) compared to what it actually sold for in 2008:

The 2008 NE Colorado Springs real estate market saw an annual average list price/sale price ratio of 97.2%.

Buyer Tip: Although the highest prices are gotten in the Spring and Summer months, there are also more negotiations during this time as well, causing the LP/SP ratios to be lower. Don’t be afraid to offer what you and your real estate agent determine to be a fair asking price. Support your offer with comparable SOLD and ACTIVE homes in the area.

Seller Tip: Regardless of what you may think, most people do not like ot negotiate. If you price your home correctly, you are more likely to get a full priced offer. Whereas, an overpriced home tends to get low-ball offers as the buers may think the seller is totally unreasonable … thus resulting in an unreasonable offer.

Read Also:

• 2008 Annual Northeast Colorado Springs Real Estate Information – Average Days on Market
• 2008 Annual Northeast Colorado Springs Real Estate Information – Homes for Sale

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period Jan.1 – Dec.31, 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.”

February 28th, 2009 by Mariana Wagner | Leave A Comment

This entry was posted on Saturday, February 28th, 2009 at 8:37 am and is filed under Market Reports, Northeast. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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