Mariana Wagner

Colorado Springs Real Estate Market Report ~ February 2008

The Colorado Springs real estate market is heading into spring with quite a bit of inventory on the market, and we are seeing half as many homes selling (49%) as going on the market for the month of February 2008.

New Listings: 782 homes for sale

Average List Price: $ 304,099
Lowest Average List Price: Southeast Colorado Springs (S/E): $140,785
Highest Average List Price: Tri-Lakes/Monument (TRI): $574,734

Read Also: Selling Your Colorado Springs Home: The Importance of Proper Pricing from Day One

Pending Sales: 252 homes went under contract in February 2008

Sold Homes: 219

Average SOLD Price: $254,455
The Tri-Lakes/Monument area was the closest to the average sold price, at $262,125

Lowest Average Sold Price: Southeast Colorado Springs (S/E): $121,846
Highest Average Sold Price: Northgate Colorado Springs (NGT): $409,575
(Northgate includes the Flying Horse neighborhood)

Median Sold Price: $214,500
The Powers area of Colorado Springs (to include Stetson Hills Real Estate) was the closest to median sale price, at $214,171

Average List Price:Sale Price Ratio: 95.91%
Median List Price:Sale Price Ratio: 96.55%

Lowest LP:SP Ratio: Tri-Lakes/Monument (TRI): 90.94%
Highest LP:SP Ratio: Northgate Colorado Springs (NGT): 99.3%

Average Days on Market: 106 Days (47-184 days)

Comments: The most active area was real estate in Fountain Valley (F/V), where 87 new listings went on the market and 70 homes went under contract or sold in February 2008. Fountain Valley is just south of Colorado Springs and immediately east of Fort Carson Army Base. The average home in Fountain sells in about 90 days for about $168,836.

Search Homes for Sale in Fountain
Under $200,000

Other Market Reports to Check Out:

• Stetson Hills Real Estate Market Report: Single Family Homes February 2008
• Stetson Hills Real Estate Market Report: Town Homes and Condos February 2008
• Greenhaven Real Estate Market Report: February 2008

Recent Colorado Springs Market Reports:

• Colorado Springs Real Estate Market Report ~ January 2008
• Colorado Springs Real Estate Market Report: December 2007
• Colorado Springs Real Estate: Market Report – November 2007

[KEY: BLA = Black Forest (Very Northeast of Colorado Springs), BRI = Briargate (Northern part of Colorado Springs), WES = Westside (West of I-25 and North of Fillmore), OCC = Old Colorado City (Western part of Colorado Springs, off Hwy 24), FAL = Falcon (Woodmen Hills and Meridian Ranch, just east of Colorado Springs, MAN = Manitou Springs - (just East of Colorado Springs), N/E = Northeast Colorado Springs, NGT = Northgate (Northernmost part of Colorado Springs, near the North Gate of the Air Force Academy), S/E = Southeast Colorado Springs, S/W = Southwest Colorado Springs]

March 1st, 2008 by Mariana Wagner | Leave A Comment

This entry was posted on Saturday, March 1st, 2008 at 3:55 pm and is filed under Colorado Springs Real Estate, Fountain and Fort Carson, Manitou Springs, Market Reports, Monument and Palmer Lake. 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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