The Academy School District 20 Real Estate Market August 2019

By Murray & Associates – Keller Williams Colorado Springs 

 

Academy School District 20

Even with the slower season, the rate sales in District 20 remain unchanged.

District 20 real estate market remains a strong seller’s market. Sales price to list price ratio is 99.2% 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 down slightly to 1.7.

From one month ago, Active listings are down 3.7%, and Pendings are down 3.4%. The pending ratio is still strong at 44%, meaning that 44% of the homes currently on the market are under contract with a buyer. This is the same as the previous month. Sold properties are also the same. Average sales price is up 1%  and median sales price is essentually unchanged. Average days on market is up to 32 days. Distressed properties continue to be very low with no significant impact on the market.

From one year ago active listings are down 8.6%, pendings are up 10.6%, sold properties are down 1.3%, and average sales price is up 5% and Median sales price up 6%.

The average days on market for all of D20 was 32 days in August. Months of inventory is down to 1.7 months which is the amount of time to sell all active properties at the same rate as of August. 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 slower season is upon us with school beginning. We typically see a slow down from mid-August until late October when buyers start looking again for a move during the holidays. Sellers are encouraged to price aggressively is they need to sell quickly. Buyers will have more properties to choose from as the market slows down.

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

Academy District 20 Homes for Sale

Academy District 20 Home Prices

Academy District 20 Home Inventory

Academy District 20 Distressed Home Sales

Academy District 20 Days on Market

Academy 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 136 72 87 56 $529,226 $508,000 98.8% 46 2.4 $792
Flying Horse 54 22 16 13 $663,979 $666,250 98.7% 51 4.4 $0
Gleneagle 12 7 9 6 $473,783 $535,625 98.5% 87 2.0 $2350
Briargate 159 111 134 98 $423,617 $385,000 99.5% 30 1.6 $1115
Cordera 40 15 18 7 $563,786 $533,31 101% 65 5.7 $1786
Pine Creek 14 5 8 11 $615,682 $600,000 98.4% 50 1.2 $659
Wolf Ranch 46 19 27 19 $437,933 $425,000 99.7% 41 2.4 $1421

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