Market Report for Briargate Colorado Springs April 2014
By Murray & Associates - Keller Williams Colorado Springs
There are currently 311 active listings, 147 pending sales, and 59 sales in the Briargate area of Academy School District 20 for the month of April. Briargate includes the popular District 20 neighborhoods of Pine Creek, Cordera, and Wolf Ranch. The pending ratio dropped slightly to 32.7%. The pending ratio represents the supply and demand of the market. The higher the ratio, the greater the demand. A low ratio indicates more supply than demand. Briargate continues to be in high demand as evidenced by the pending ration, even for the slower winter season.
The average sales price to list price ratio remained the same at 98.6%. This indicates that sellers do not need to negotiate on their price.
Average sales price was up to $286,756 and the median sales price was to $265,000.
Average days on market was down this month to 106 days for Briargate with 5.3 months of inventory. Still a transition market but leaning toward a seller's market.
For information about listing your Briargate home for sale, visit Selling Your Colorado Springs Home.
Compare demographics for Colorado Springs zip codes with other zip codes in Colorado Springs or the nation, visit the Colorado Springs Market Insider.
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By Nancy Murray
Murray & Associates, Keller Williams Colorado Springs