Market Report for Briargate Colorado Springs November 2014
By Murray & Associates - Keller Williams Colorado Springs
There are currently 213 active listings, 113 pending sales, and 49 sales in the Briargate area of Academy School District 20 for the month of November. Briargate includes the popular District 20 neighborhoods of Pine Creek, Cordera, and Wolf Ranch. The pending ratio is 34.7%, the highest we have seen in a long time, which is an indication that supply is low and demand is high. This is also reflected in the average sales price to list price ratio of 99.2%. This indicates that sellers are getting their asking price in Briargate. With low inventory and high sale price to list price ratio, this is a strong market for sellers.
Average sales price was down again to $267,518 and the median sales price at $245,000.
Average days on market is up to 109 days for Briargate with 4.34 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