Market Report for Briargate Colorado Springs August 2014
By Murray & Associates - Keller Williams Colorado Springs
There are currently 307 active listings, 130 pending sales, and 77 sales in the Briargate area of Academy School District 20 for the month of August. Briargate includes the popular District 20 neighborhoods of Pine Creek, Cordera, and Wolf Ranch. The pending ratio is 29.7%. 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 remained the same at 98.8%. This indicates that sellers do not need to negotiate on their price.
Average sales price was down slightly to $316,919 and the median sales price was $295,500.
Average days on market was 91 days for Briargate with 4.0 months of inventory.
For information about listing your Briargate 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.
Search Homes for sale in Briargate.
By Nancy Murray
Murray & Associates, Keller Williams Colorado Springs