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Nancy Murray, Realtor®
with Keller Williams Clients' Choice
Direct: 719-964-4810
Office: 719-357-6320
Fax: 866-748-9878
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Academy School District 20 Real Estate Market May 2016

Posted By Nancy Murray @ Jun 6th 2016 2:30pm In: Market Report for Academy School District 20 Real Estate

The Academy School District 20 Real Estate Market

May 2016

By Murray & Associates - Keller Williams Colorado Springs

 

Homes for sale in Academy School District 20

The Academy District 20 real estate market continues to be very active with 22% fewer active listings in May 2016 over one year ago, while the number of sold properties is up slightly. The pending ratio is 53% for homes in Academy District 20. This means that 53% of the homes on the market in Academy District 20 are currently under contract.  This time of year we usually see a pending ration of about 30-35%, so the combination of fewer homes on the market and more active buyers than one year ago, indicated by the increase in sales, tells us that we have a very competitive housing market. As a result, we are seeing multiple offers, lower concessions, fewer days on market, and record low months of inventory. Across the board we are seeing about a 25% drop in concessions. Working with buyers in this market, they are frequently buying at the top of their price point or even increasing their price, so as to have a larger selection of homes to view. Even by doing this, they often only have a few properties available and those frequently go under contract quickly.

Please note that July stats will be included in the August stats due to scheduled vacations.

Academy School Ditrict 20 Homes for Sale

Homes for sale in Academy School District 20

Homes for sale in Academy School District 20

Homes for sale in Academy School District 20

Compare demographics for Colorado Springs zip codes with other zip codes in Colorado Springs or the nation, visit the Colorado Springs Market Insider.


Active

 New 

Pending

 Sold 
Average
Price
Median
Price
List/Sales
Price
Average
CDOM
Months of Inventory  Average
Concessions
Northgate     107 70 131 46  $435,219   $426,000  99.7% 69 2.3 $2,289
Flying Horse 33 10 32 7 $561,936 $445,000 99.2% 126 4.7 $2,271
Gleneagle 10 12 20 1 $209,900 $209,900 100% 80 10 $2,900
Briargate 193 163 217 113 $326,956 $365,000 99.5% 34 1.7 $1.647
Cordera 37 19 22 8 $432,232 $435,000 99.7% 80 4.6 $1,250
Pine Creek 39 14 17 7 $534,412 $508,880 98.1% 16 5.3 $1,429
Wolf Ranch 48 29 47 14 $360,897 $405,000 99.8% 56 3.4 $2,304

See all available homes for sale in Academy School District 20.

By Nancy Murray

Murray & Associates, Keller Williams Colorado Springs

Nancy@academydistrict20homes.com

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