Market Report for Northwest Colorado Springs October 2014
There are currently 128 active listings, 28 pending sales, and 26 sales in the Northwest area of Academy School District 20 for the month of October. Northwest D20 includes the popular District 20 neighborhoods of Peregrine and Rockrimmon. The pending ratio down significantly this month to 18%. 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. With a lower pending ratio we would expect to see lower prices with future sales.
The average sales price to list price ratio dropped slightly to 98.4%.
For the Northwest District 20 area of Colorado Springs, average sales price is $332,936 and the median sales price is $274,500 for October.
Average days on market is 86 days for Northwest, months of inventory at a good 4.9 months.
For information about listing your Northwest 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.
For information about listing your home for sale, visit Selling Your Colorado Springs Home.
By Nancy Murray
Murray & Associates, Keller Williams Colorado Springs