The Academy School District 20 Real Estate Market January 2020

By Murray & Associates – Keller Williams Colorado Springs 

 

Academy School District 20

Home sales in District 20 are still going strong for the winter months. Months of inventory is currently 1.7 months which remains well below the transition point of 4.0 to 6.0.

The average sales price for Academy District 20 is $458,468. Sales price to list price ratio is 99.3% for D20 neighborhoods. This means that on average, sellers are getting their list price and aren’t having to pay buyer concessions to do so, though they might have to lower their price to get an acceptable offer. Days on market is up to 58 days though this is driven by higher-priced homes that remain on the market longer.

From one month ago, Active listings are down 17%, and Pendings are down 26%. The pending ratio is still strong at 54%, meaning that 54% of the homes currently on the market are under contract with a buyer. Sold properties are down 49% over December. Average sales price is up 3.75%  and median sales price is up 1%. Average days on market is up to 58 days. Distressed properties continue to be very low with no significant impact on the market.

From one year ago active listings are down 34%, pendings are up 4%, sold properties are up 5%, and average sales price is up 8% and Median sales price is up 10%.

The average days on market for all of D20 was 58 days in January. Months of inventory is up to 1.7 months which is the amount of time to sell all active properties at the same rate as of January. 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.

Check out what has happened to District 20 prices over the past 9 1/2 years as a result of low inventory and high demand in my blog post  Academy District 20 Real Estate Supply vs. Demand

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

District 20 Real Estate Sales Market

District 20 Real Estate Sales

District 20 Real Estate Inventory

District 20 Real Estate Distressed Sales

District 20 Real Estate Days on Market

District 20 Real Estate Sales

 

 

Active New Pending Sold Average
Price
Median
Price
Sales/List
Price
Average
CDOM
Months of Inventory Average
Concessions
Northgate 88 58 79 34 $540,155 $517,000 99.0% 83 2.6 $1833
Flying Horse 36 23 18 9 $663,200 $616,900 97.0% 150 3.0 $2467
Gleneagle 10 2 5 4 $445,850 $448,750 100% 150 3.0 $2467
Briargate 75 75 98 60 $426,119 $410,500 99.5% 51 1.25 $1258
Cordera 15 5 10 8 $525,336 $514,000 100% 81 1.9 $1312
Pine Creek 5 9 8 4 $539,250 $471,500 99.0% 80 1.25 $2750
Wolf Ranch 28 23 26 7 $470,422 $509,186 99.1% 94 4.0 $1250

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