Market Report for Northwest Colorado Springs March 2014
March was a busy month for Northwest Colorado Springs. There are currently 107 active listings, 42 pending sales, and 19 sales in the Northwest area of Academy School District 20 for the month of March. Northwest D20 includes the popular District 20 neighborhoods of Peregrine and Rockrimmon. The pending ratio increased again in February to 28.1%. 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 March to 96.5%, still one of the lower ratios for an Academy District 20 neighborhood.
For the Northwest D20 area of Colorado Springs, average sales price is $260,479 and the median sales price is $287,500.
Average days on market is back down to 88 days for Northwest, months of inventory at a good 5.6 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