Market Report for Briargate Colorado Springs October 2014
By Murray & Associates - Keller Williams Colorado Springs
There are currently 264 active listings, 103 pending sales, and 56 sales in the Briargate area of Academy School District 20 for the month of October. Briargate includes the popular District 20 neighborhoods of Pine Creek, Cordera, and Wolf Ranch. The pending ratio is 28%. 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 was 98.8%. This indicates that sellers do not need to negotiate on their price.
Average sales price was down again to $286,208 and the median sales price at $266,000.
Average days on market is up to 105 days for Briargate with 4.7 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.
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By Nancy Murray
Murray & Associates, Keller Williams Colorado Springs