Homes in the Northwest area are primarily located in School District 20 with some located in School District 11. A total of 38 single family homes sold in the month of August with the average sale price of $302,965. The average days on market for homes that sold in August 2009 was 61 days.
There are currently a total of 208 single family homes listed for sale and 44 single family homes that are under contract or pending in the Northwest area.
Home sales for the Northwest area of Colorado Springs have gradually declined since 2004; the area experienced the lowest number of home sales in 2008 like many other areas of Colorado Springs. So far, total single family home sales for 2009 are looking similar to last year but chances are good the Northwest area will see more single family home sales this year.
List Price vs. Sale Price Ratios in the Northwest area were lowest in the first quarter of 2009 (96.2%) but has been slightly increasing since. We have seen a fluctuation between 96.7% – 99.9% over the past few years. The list price vs. sale price ratio for August 2009 was 96.7%.
The Average Sale Price was lowest in 2004 at $301,114 and highest in 2007 at $363,946 when taking a look at the past few years. The average sale price has increased since the beginning of this year and in August, the average sale price was $302,965.
*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed