Market Report for Academy School District 20 October 2014
The Academy School District 20 Real Estate Market
By Murray & Associates - Keller Williams Colorado Springs
Listings in Academy District 20 are at 628 active listings, this is an increase of only 2% over one year ago. Pending sales increased 10% from one year ago and the same from September. Sales are up 7% from one year ago and down 17% from September. The pending ratio is 25%. 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. We are seeing that with the winter months around the corner, demand is decreasing and supply is starting to increase. This is normal, however, with the 2010 loan modifications resetting in 2015, we anticipate an increase in supply and possibly an increase in short sales.
The average sales price to list price ratio remains strong at 98.6%, indicating that sellers are not having to negotiate much on their sales price.
Average sales price dropped slightly to $314,896 for September and median sales price is down about 7% to $280,000.
Average days on market for Academy School District 20 was 93 with inventory at 5.1 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