Market Report for Academy School District 20 August 2014
The Academy School District 20 Real Estate Market
By Murray & Associates - Keller Williams Colorado Springs
New listings in Academy District 20 are at 740 active listings in Academy School District 20, this is an increase of 16% over one year ago. Pending sales are up 14% from one year ago and up 43% from July. Sales are down 15% from July and down 5% from one year ago. The pending ratio is up again to 26%. 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.
The average sales price to list price ratio remains strong at 98.5%, indicating that sellers are not having to negotiate much on their sales price.
Average sales price dropped 11% from July to $328,144 which is up slightly from one year ago and median sales price is down to $305,000.
Average days on market for Academy School District 20 was 105 with inventory at 4.7 months.
Visit the market updates for popular D20 neighborhoods: Briargate to include Cordera, Pine Creek, and Wolf Ranch, Northgate to include Flying Horse and Gleneagle, Northwest to include Peregrine and Rockrimmon.
Compare demographics for Colorado Springs zip codes with other zip codes in Colorado Springs or the nation, visit the Colorado Springs Market Insider.
See all available homes for sale in Academy School District 20.
By Nancy Murray
Murray & Associates, Keller Williams Colorado Springs