Home sales in El Paso County were highest during the summer months and lowest in the first quarter of the year. Looking back at 2009, the average sales price was lowest in November ($198,644) and highest in July ($231,457).
Overall, the average sale price was much lower in 2009 than in 2008 due to the increased number of foreclosures and short sales in Colorado Springs. The average sales price reached $256,829 in June 2008 compared to $231,457 in July.
In 2009, many of the foreclosure and short sale properties sold below market value and ultimately decreased the average sales price in Colorado Springs. On the bright side, there were a total of 8,745 single family home sales in 2009 compared to 8,339 in 2008.
*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
Patio homes are included in these stats