Market Report for Academy School District 20 January 2015
The Academy School District 20 Real Estate Market
By Murray & Associates - Keller Williams Colorado Springs
Listings in Academy District 20 are down to 423 active listings, this is about the same as December and 17% decrease from one year ago. Pending sales increased 57% from December and 23% from one year ago. Not unusual because buyers typically do not shop for houses during the busy holiday season, so January saw a boost in Pending sales. Sales are up 43% from December and 28% from one year ago. The pending ratio is up significantly to 34%. 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 high pending ratio for January is a reflection of our low inventory. Many sellers removed their homes from the market during the holiday season. To reset the clock in our MLS, they need to remain off the market for 30+ days. Months of inventory is 4.8 months, up from 2.8 months in December but still lower than 8.0 of one year ago. If you are considering selling your home, now is the time before the competition increases. I have been working with buyers recently that are having to settle for homes they aren't thrilled with, or are losing their dream homes to competing buyers.
The average sales price to list price ratio was 98.6%.
Average sales price is up to $326,783 for December and median sales price is $310,000.
Average days on market for Academy School District 20 was 136 with inventory at 4.8 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