The Academy School District 20 Real Estate Market April 2019

By Murray & Associates – Keller Williams Colorado Springs 

 

Academy School District 20

The strong sellers market continues this month for Academy District 20 neighborhoods.

We still are not seeing a big increase in the seller concessions in most District 20 neighborhoods and sales price to list price ratio is 99.5% for D20 neighborhoods. This means that sellers are still getting close to their list price and aren’t having to pay buyer concessions to do so. Days on market dropped to 1.6 months.

From one month ago, Active listings are up 1%, and Pendings are up 14%. The pending ratio is 54%, meaning that 54% of the homes currently on the market are under contract with a buyer. Sold properties up 29%. Average sales price is up 7.35% and median sales price is the same. Average days on market dropped to 49 days. Distressed properties continue to be very low with no significant impact on the market.

From one year ago active listings are up 5%, pendings are down 19%, sold properties up 14%, and average sales price is up 9% and Median sales price up 13%.

The average days on market for all of D20 was 49 days in April. Months of inventory is back down to 1.6 months which is the amount of time to sell all active properties at the same rate as of April. This is still at the level of a seller’s market. When it reaches 4 months it is considered a balanced market and above 6 months a buyer’s market.

The market has started to speed up with more buyers in the market. Buyers are encouraged to act fast when they find the right home, and sellers still need to price to sell based on comparable sold properties and be prepared to negotiate on sales price if they need to sell quickly.

More information on the buying process can be found in understanding the home buying process in Colorado SpringsContact me if you would like to receive my Home Buyer Education emails that explain each step in detail.

Search all District 20 Homes for Sale

Summary of Homes Sold in District 20

District 20 Sales Price

District 20 Homes for Sale Inventory

District 20 Distressed Properties

District 20 Days on Market

District 20 Percent by Sales price

 

 

Active New Pending Sold Average
Price
Median
Price
Sales/List
Price
Average
CDOM
Months of Inventory Average
Concessions
Northgate 113 87 113 51 $556,998 $504,415 99.2% 64 2.2 $1384
Flying Horse 40 18 25 12 $688,087 $634,500 98.2% 141 3.33 $917
Gleneagle 9 13 13 7 $463,271 $449,000 99.3% 22 1.3 $1500
Briargate 126 133 173 96 $424,549 $412,500 99.8% 40 1.3 $1631
Cordera 44 22 19 18 $542,795 $534,000 99.5% 51 2.4 $1667
Pine Creek 11 16 14 8 $489,625 $485,000 98.8% 42 1.4 $733
Wolf Ranch 42 21 47 22 $443,743 $466,000 99.4% 92 1.9 $1846

Visit Colorado Springs Real Estate Market Update for the latest news in Real Estate.

Based on information from the Pikes Peak REALTOR® Services Corp. (“RSC”).  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.

By Nancy Murray

Murray & Associates, Keller Williams Colorado Springs