Briargate is located in the Northern area of Colorado Springs and in School District 20. A total of 57 single family homes sold in the month of April with the average sale price of $279,142. The average days on market for homes that sold in April 2009 was 103 days. There are a total of 140 properties under contract or pending in the Briargate area.
Home sales for the Briargate area of Colorado Springs have gradually declined since 2005; the area experienced the lowest number of home sales in 2008. It’s hard to say how 2009 will turn out, but I expect the area will see more home sales than last year.
List Price vs. Sale Price Ratios in the Briargate area were lowest in 2007 but have fluctuated between 97% – 99% over the past few years. The list price vs. sale price ratio for the first quarter of 2009 was 97.7%.
The Average Sale Price was lowest in 2005 at $291,910 and highest in 2007 at $348,414 when going back to 2005. Although the current Average Sale Price for the Briargate area is slightly lower than it was in 2008, it should increase as we move further into the year.
*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed