Market Report for Briargate Colorado Springs June 2014
By Murray & Associates - Keller Williams Colorado Springs
There are currently 333 active listings, 154 pending sales, and 109 sales in the Briargate area of Academy School District 20 for the month of June. Briargate includes the popular District 20 neighborhoods of Pine Creek, Cordera, and Wolf Ranch. The pending ratio is 31.6%, down from last month due to the increase in sales. 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 98.9%. This indicates that sellers do not need to negotiate on their price.
Average sales price was up to $305,159 and the median sales price was up again to $290,000.
Average days on market was down this month to 85 days for Briargate with 3.0 months of inventory, slipping into a seller's market.
For information about listing your Briargate home for sale, visit Selling Your Colorado Springs Home.
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By Nancy Murray
Murray & Associates, Keller Williams Colorado Springs