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Dear Current Reader,

Welcome to Area Report, an exclusive Coldwell Banker Residential Brokerage report that informs you of residential real estate sales activity and regional trends. It complements the Market Report, giving you a broader look at the real estate market. The Market Summary below offers a look at sales activity for the prior month and year, along with current year-to-date statistics. The graphs depict different aspects of the real estate market for the specific market area. Please contact me if you would like more information on current market trends.
Niki McElroy
Associate Broker
Direct: (719) 550-2500 | Cell: (719) 651-3272
Niki.McElroy@coloradohomes.com
http://www.nikimcelroy.com

COLORADO SPRINGS | COLORADO SPRINGS
MARKET SUMMARY
June 2016 | All Property Types (SFH & Condos/Townhomes)
Market Month to Date Year to Date
Summary June 2016 June 2015 Percent Change Year-To-Date 2016 Year-To-Date 2015 Percent Change
New Listings 2 5 -60%  11 14 -21.43% 
Sold Listings 0 2 -100%  16 11 45.45% 
Median Listing Price $0 $222,450 0%%  $260,000 $294,900 -11.83% 
Median Selling Price $0 $220,000 0%%  $256,750 $290,000 -11.47% 
Median Days on Market 0 241 0%%  122 124 -1.61% 
List/Sell Price Ratio 0% 99% 0%%  98.9% 98.1% 0.81% 
Average Listing Price $0 $222,450 0%%  $281,958 $355,513 -20.69% 
Average Selling Price $0 $220,000 0%%  $277,368 $346,315 -19.91% 
Average Days on Market 0 241 0%%  124 152 -18.42% 
SOLD AND NEW PROPERTIES (UNITS)
June 2016 | All Property Types (SFH & Condos/Townhomes)
Sold Properties | Number of properties sold during the year
New Properties | Number of properties listed during the year.

COLORADO SPRINGS | COLORADO SPRINGS
MEDIAN SALES PRICE AND NUMBER OF SALES
June 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
June 2016 | All Property Types (SFH & Condos/Townhomes)

Median Sales Price | Price of the "middle" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.

COLORADO SPRINGS | COLORADO SPRINGS
SALES PRICE AS PERCENTAGE OF ORIGINAL PRICE
June 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
June 2016 | All Property Types (SFH & Condos/Townhomes)


Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Sales Price | Average sales price for all properties sold.
Properties for Sale | Number of properties listed for sale at the end of month.

COLORADO SPRINGS | COLORADO SPRINGS
PROPERTIES FOR SALE AND SOLD PROPERTIES
June 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE ASKING/SOLD/UNSOLD PRICE
June 2016 | All Property Types (SFH & Condos/Townhomes)
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties | Number of properties sold.
Unsold Price | the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price

COLORADO SPRINGS | COLORADO SPRINGS
ABSORPTION RATE
June 2016 | All Property Types (SFH & Condos/Townhomes)
MONTHS SUPPLY OF INVENTORY
June 2016 | All Property Types (SFH & Condos/Townhomes)
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
Months Supply of Inventory | Propertes for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

The statistics presented in Area Report are compiled monthly based on figures and data generated by IDC global for the benefit of Coldwell Banker Residential Brokerage. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data sourced from is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited.
©2016 Coldwell Banker Real Estate LLC. Coldwell Banker®, Previews® and Previews International® are registered trademarks licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned by a Subsidiary of NRT LLC. All rights reserved. Broker believes this information to be correct but has not verified this information and assumes no legal responsibility for its accuracy. Parties should investigate these issues to their own satisfaction. Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor sales associates and are not employees of Coldwell Banker Real Estate LLC, Coldwell Banker Residential Brokerage or NRT LLC. CalBRE License #01908304.
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