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Nancy Murray, Realtor®
with Keller Williams Clients' Choice
Direct: 719-964-4810
Office: 719-357-6320
Fax: 866-748-9878
Email Nancy

Market Report for Briargate Colorado Springs October 2013

Posted By Nancy Murray @ Nov 5th 2013 11:16pm In: Market Report for Briargate

Briargate, Colorado Springs, Zip Code 80920, Real Estate Market Report for
October 2013

Brought to you by Nancy Murray

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Briargate

There are currently 288 active listings, 90 pending sales, and 44 sales in the Briargate area of Academy School District 20 for the month of October. Briargate includes the popular District 20 neighborhoods of Pine Creek, Cordera, and Wolf Ranch. The pending ratio dropped again to 23.8%. 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, though declining. This is pretty typical as we head into the holiday season.

The average sales price to list price ratio is still strong at 98.0%. This indicates that sellers do not need to negotiate on their price.

Average sales price was $296,481 and the median sales price was $285,000, both up from September. 

Average days on market are down to 74 days for Briargate with 6.5 months of inventory. This is shifting to a transition market which is common for this time of year. This means there are more listings than buyers, so shifting out of a sellers market, but not quite into a buyers 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.

 

Briargate Homes For Sale

 
Actives

Pending

Sold
Average
Sales Price
Median
Sales Price
Cordera 39 9 4 $461,404 $454,078
Pine Creek 47 4 1 $295,000 $295,000
Wolf Ranch 28 16 4 $344,362 $360,000

Briargate Homes For Sale

Briargate Homes For Sale 

Briargate Homes For Sale


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