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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 September 2013

Posted By Nancy Murray @ Oct 5th 2013 4:15pm In: Market Report for Briargate

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

Brought to you by Nancy Murray

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Briargate

There are currently 283 active listings, 99 pending sales, and 51 sales in the Briargate area of Academy School District 20 for the month of September. Briargate includes the popular District 20 neighborhoods of Pine Creek, Cordera, and Wolf Ranch. The pending ratio dropped for again to 25.9%. 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 98.6%. This indicates that sellers do not need to negotiate on their price.

Average sales price dropped 20% this month from August to $270,044 and the median sales price is also dropped to $252,000. 

Average days on market increased to 93 days for Briargate with 5.5 months of inventory. This is shifting to a transition market which is not uncommon 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 38 11 2 $446,422 $446,422
Pine Creek 45 6 5 $456,380 $400,000
Wolf Ranch 29 13 3 $358,600 $359,900

Briargate Homes For Sale

Briargate Homes For Sale 

Briargate Homes For Sale


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