Market Report for Academy School District 20 June 2014
The Academy School District 20 Real Estate Market
By Murray & Associates - Keller Williams Colorado Springs
New listings increased 40% over May with 775 active listings in Academy School District 20, this is an increase of 22% over one year ago. Pending sales are down 19% from May and about the same from one year ago. Sales are up 30% from May and 20% from one year ago. The pending ratio is 27.2% a decrease due to the high sales volume. 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 98.0%, indicating that sellers are not having to negotiate much on their sales price.
Average sales price is up 5.5% from May to $332,637 and median sales price is up to $319,900.
Average days on market for Academy School District 20 was 83 with inventory at 3.7 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