Market Report for Northwest Colorado Springs April 2014
April was a busy month for Northwest Colorado Springs. There are currently 114 active listings, 58 pending sales, and 22 sales in the Northwest area of Academy School District 20 for the month of April. Northwest D20 includes the popular District 20 neighborhoods of Peregrine and Rockrimmon. The pending ratio increased again in April to 33.7%. 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 improved for April to 98.3%.
For the Northwest District 20 area of Colorado Springs, average sales price is $366,663 and the median sales price is $340,000.
Average days on market is back down to 85 days for Northwest, months of inventory at a good 5.2 months.
For information about listing your Northwest 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.
For information about listing your home for sale, visit Selling Your Colorado Springs Home.
By Nancy Murray
Murray & Associates, Keller Williams Colorado Springs