Mariana Wagner

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

The Westside Colorado Springs Real Estate market saw a 2008 annual average sales price of about $266,859 and an annual average median sale price of $185,831.

Here we see how this was broken down by month:

Westside Colorado Springs Homes were getting the highest prices in July of 2008, at an median sale price of $206,825. The lowest median sale price was in January of 2008, at an average of $122,900. (I am counting median prices, as the average was skewed by a few super-high dollar sales.)

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

The 2008 Westside Colorado Springs real estate market saw an annual average list price/sale price ratio of 96.7%.

“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.”

March 13th, 2009 by Mariana Wagner | Leave A Comment

2008 Annual Westside Colorado Springs Real Estate Information – Average Days on Market

The annual 2008 average days on market for the Westside Colorado Springs real estate market averaged at about 72 days. This means that the average home for sale in Westside Colorado Springs sat on the market for just over 2 months before accepting an offer. YAY!

Broken down by month, we see the following:

The highest days on market were in February (99 days) and the lowest days on market were in August (38 days).

Buyer Tip: One of the best times to buy a home is when a home has been on the market for a long time. Take advantage of this by finding and buying a Westside Colorado Springs home in the colder months, like February.

Seller Tip: Hot months are the hot time to sell. Make sure that your well-priced home is ready to sell in Spring and Summer.

“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.”

March 13th, 2009 by Mariana Wagner | Leave A Comment

2008 Annual Old Colorado City Real Estate Information – Average Days on Market

The annual 2008 average days on market for the Old Colorado City real estate market averaged at about 112 days. This means that the average home for sale in Old Colorado City sat on the market for almost 4 months before accepting an offer.

Broken down by month, we see the following:

Average days on market were all over the board for 2008. The highest days on market were in April and July (108 days) and the lowest days on market were in December (43 days).

“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 Old Colorado City Real Estate Information – Homes for Sale
• 2008 Annual Old Colorado City Real Estate Information – Sales Price Data

March 4th, 2009 by Mariana Wagner | 1 Comment »

2008 Annual Old Colorado City Real Estate Information – Homes for Sale

The Old Colorado City real estate market saw an average of 110 available homes for sale each month in 2008. An average of 28 new listings came on the market each month and an average of 12 homes sold each month. So, for each home that sold, 2 more new listings replaced it.

We saw an average of 11.3% of the available Old Colorado City homes SOLD each month (5.3% – 16.1%). The most sales were in May – at 18 sales (14.4% of the inventory). The slowest month in 2008 for sales was November (5 sales, 5.3% of the inventory).

Buyer Tip: You will have the MOST selection of homes in the warmer months, but some of these home sellers may just be “testing” the market and not be willing to negotiate on their price. You will have the best luck getting a home at a good price in the colder months.

Seller Tip: If you are going to sell your home in the warmer months, make sure that you are comparing your home to homes LIKE yours that have recently sold and pay less attention to homes that are actively for sale, as they may ALSO be overpriced.

Below is a closer look at the amount of available Old Colorado City homes and sold listings, per month in 2008.

Available Old Colorado City Homes for Sale 2008:

Old Colorado City Sold Listings for 2008:

“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 Old Colorado City Real Estate Information – Average Days on Market
• 2008 Annual Old Colorado City Real Estate Information – Sales Price Data

March 4th, 2009 by Mariana Wagner | 1 Comment »

2008 Annual Old Colorado City Real Estate Information – Sales Price Data

The Old Colorado City Real Estate market is on the westside of Colorado Springs and saw a 2008 annual average sales price of about $174,811 and an annual average median sale price of $148,287.

Here we see how this was broken down by month:

Old Colorado City Homes were getting the highest prices in July of 2008, at an average sale price of $235,336. The lowest sale prices was in November of 2008, at an average of $136,320.

Buyer Tip: The colder months are the better times to buy a home in Old Colorado City. This is also good, as you will see if/how these older homes are heated…

Seller Tip: Summer is a “HOT” time to buy a home in Old Colorado City, as it is one of only a very FEW walkable parts of town. There are plenty of events going on and marketing your home during this time could yeild more buyers.

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

The 2008 Old Colorado City real estate market saw an annual average list price/sale price ratio of 95.8%.

Buyer Tip: Old Colorado City homes are quite unique. Make sure that you have a thorough inspection and adjust the offering price needed for any repairs. Don’t be afraid to walk away from a deal if the home proces to be too unsatisfactory for your needs.

Seller Tip: Consider getting a pre-inspection prior to putting your home on the market. This will give you a great idea of what you may need to take care of to get a good buyer for your Old Colorado City home.

Learn More About Old Colorado City
and West Colorado Springs

“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 More:

• 2008 Annual Old Colorado City Real Estate Information – Average Days on Market
• 2008 Annual Old Colorado City Real Estate Information – Homes for Sale

March 4th, 2009 by Mariana Wagner | Leave A Comment