Mariana Wagner

2008 Annual Northgate and Flying Horse Colorado Springs Real Estate Information – Sales Price Data

Northgate is the northern tip of Colorado Springs (zip 80921) and includes the areas of Flying Horse, Gleneagle, Northgate Highlands, Trail Ridge and other smaller neighborhoods and is serviced by Academy Public School District 20.

The Northgate Colorado Springs Real Estate market saw a 2008 annual average sales price of about $373,800 and an annual average median sale price of $345,766.

Here we see how this was broken down by month:

Northgate Colorado Springs Homes were getting the highest prices in May of 2008, at an average sale price of $420,625. The lowest sale prices was in January of 2008, at an average of $336,808.

Buyer Tip: There have been some GREAT deals in Northgate recently. We have seen many foreclosures in Flying Horse that have enabled homebuyers looking for a great D20 home in a new golf course community to buy an awesome home at an awesome price. Additionally, there are many new build communities within and around Flying Horse that are offering GREAT incentives to buy a NEW home in Northgate. Talk to your real estate agent about those opportunities.

Seller Tip: When selling your Northgate home, you need to make sure that you are considering all the foreclosures and new build homes as your competition. It can be hard to compete against those homes. Here are some things that you can play up in your advertising against new build homes: Move in ready, landscaping complete and include all window coverings. Here are some things you can play up in your advertising against foreclosures: Quick close, Great condition and all appliances included.

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

The 2008 Northgate Colorado Springs real estate market saw an annual average list price/sale price ratio of 96.7%. The highest ratios were in November (103.2%) which is an obvious reflection of the new home builders who adjust their pricing regularly and historically sell A LOT of homes in the last couple months of the year.

Buyer Tip: Homeowners are generally getting close to asking price on their homes. However, this average may be skewed though due to the many new homes that are sold in the Flying Horse neighborhoods. New home prices can fluctuate a lot and distort TRUE sale ratios. Also, the best builder incentives are in the last 2 months of the year … if you want a NEW Northgate home.

Seller Tip: It will be difficult to sell your Northgate home in November and December months as this is when builders tend to offer the BEST incentives  – usually incentives that a re-sale home seller cannot effectively compete with.

Search All Homes for Sale in the Flying Horse Real Estate Market
Homes for Sale in Flying Horse -  Land for Sale in Flying Horse
(See Also: Flying Horse Real Estate)

Search All Homes for Sale in the Gleneagle Real Estate Market

“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.”

Read Also:

• 2008 Annual Northgate Colorado Springs and Flying Horse Real Estate Information – Homes for Sale
• 2008 Annual Northgate Colorado Springs and Flying Horse Real Estate Information – Average Days on Market

March 2nd, 2009 by Mariana Wagner | Leave A Comment

This entry was posted on Monday, March 2nd, 2009 at 8:28 am and is filed under Flying Horse, Market Reports, Northgate. 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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