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Dear Current Reader,

Here is your latest Area Report, analyzing data as it affects a specific market area. The Market Summary below offers a look at sales activity for the prior month and year, along with current and past year-to-date statistics. The graphs cover several different aspects of the real estate market. Note how some of the graphs break out trends by price increments. Please contact me if you would like more information on your current market.
Niki McElroy
Associate Broker
Direct: (719) 550-2500 | Cell: (719) 651-3272
Niki.McElroy@coloradohomes.com
http://www.nikimcelroy.com

COLORADO SPRINGS | CENTRAL
MARKET SUMMARY
July 2016 | Single Family Homes
Market Month to Date Year to Date
Summary July 2016 July 2015 Percent Change Year-To-Date 2016 Year-To-Date 2015 Percent Change
New Listings 102 118 -13.56%  638 646 -1.24% 
Sold Listings 87 88 -1.14%  514 474 8.44% 
Median Listing Price $210,000 $199,249 5.4%  $207,500 $185,000 12.16% 
Median Selling Price $209,000 $197,700 5.72%  $205,500 $184,150 11.59% 
Median Days on Market 8 44 -81.82%  9 51 -82.35% 
List/Sell Price Ratio 100.2% 99% 1.27%  99.5% 98.3% 1.24% 
Average Listing Price $240,711 $236,325 1.86%  $227,917 $215,047 5.98% 
Average Selling Price $239,317 $232,310 3.02%  $226,006 $210,925 7.15% 
Average Days on Market 25 77 -67.53%  36 79 -54.43% 
SOLD AND NEW PROPERTIES (UNITS)
July 2016 | Single Family Homes
Sold Properties | Number of properties sold during the year
New Properties | Number of properties listed during the year.

COLORADO SPRINGS | CENTRAL
MEDIAN SALES PRICE AND NUMBER OF SALES
July 2016 | Single Family Homes
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
July 2016 | Single Family Homes

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 | CENTRAL
SALES PRICE AS PERCENTAGE OF ORIGINAL PRICE
July 2016 | Single Family Homes
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
July 2016 | Single Family Homes


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 | CENTRAL
PROPERTIES FOR SALE AND SOLD PROPERTIES
July 2016 | Single Family Homes
AVERAGE ASKING/SOLD/UNSOLD PRICE
July 2016 | Single Family Homes
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 | CENTRAL
ABSORPTION RATE
July 2016 | Single Family Homes
MONTHS SUPPLY OF INVENTORY
July 2016 | Single Family Homes
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.

COLORADO SPRINGS | CENTRAL
MARKET SUMMARY
July 2016 | Condos/Townhomes
Market Month to Date Year to Date
Summary July 2016 July 2015 Percent Change Year-To-Date 2016 Year-To-Date 2015 Percent Change
New Listings 16 9 77.78%  116 78 48.72% 
Sold Listings 10 9 11.11%  66 68 -2.94% 
Median Listing Price $162,400 $190,000 -14.53%  $164,950 $150,450 9.64% 
Median Selling Price $158,950 $190,000 -16.34%  $163,500 $150,438 8.68% 
Median Days on Market 8 63 -87.3%  11 65 -83.08% 
List/Sell Price Ratio 100.3% 98.1% 2.23%  99.8% 98.1% 1.66% 
Average Listing Price $155,029 $206,272 -24.84%  $172,460 $198,172 -12.97% 
Average Selling Price $155,090 $202,214 -23.3%  $171,335 $193,385 -11.4% 
Average Days on Market 12 104 -88.46%  36 112 -67.86% 
SOLD AND NEW PROPERTIES (UNITS)
July 2016 | Condos/Townhomes
Sold Properties | Number of properties sold during the year
New Properties | Number of properties listed during the year.

COLORADO SPRINGS | CENTRAL
MEDIAN SALES PRICE AND NUMBER OF SALES
July 2016 | Condos/Townhomes
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
July 2016 | 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 | CENTRAL
SALES PRICE AS PERCENTAGE OF ORIGINAL PRICE
July 2016 | Condos/Townhomes
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
July 2016 | 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 | CENTRAL
PROPERTIES FOR SALE AND SOLD PROPERTIES
July 2016 | Condos/Townhomes
AVERAGE ASKING/SOLD/UNSOLD PRICE
July 2016 | 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 | CENTRAL
ABSORPTION RATE
July 2016 | Condos/Townhomes
MONTHS SUPPLY OF INVENTORY
July 2016 | 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.

COLORADO SPRINGS | CENTRAL
MARKET SUMMARY
July 2016 | All Property Types (SFH & Condos/Townhomes)
Market Month to Date Year to Date
Summary July 2016 July 2015 Percent Change Year-To-Date 2016 Year-To-Date 2015 Percent Change
New Listings 118 127 -7.09%  754 724 4.14% 
Sold Listings 97 97 0%%  580 542 7.01% 
Median Listing Price $190,000 $198,500 -4.28%  $199,000 $180,000 10.56% 
Median Selling Price $194,000 $197,400 -1.72%  $196,750 $177,700 10.72% 
Median Days on Market 8 47 -82.98%  9 52 -82.69% 
List/Sell Price Ratio 100.2% 98.9% 1.37%  99.6% 98.3% 1.29% 
Average Listing Price $231,877 $233,537 -0.71%  $221,607 $212,929 4.08% 
Average Selling Price $230,634 $229,518 0.49%  $219,785 $208,724 5.3% 
Average Days on Market 24 79 -69.62%  36 83 -56.63% 
SOLD AND NEW PROPERTIES (UNITS)
July 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 | CENTRAL
MEDIAN SALES PRICE AND NUMBER OF SALES
July 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
July 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 | CENTRAL
SALES PRICE AS PERCENTAGE OF ORIGINAL PRICE
July 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
July 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 | CENTRAL
PROPERTIES FOR SALE AND SOLD PROPERTIES
July 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE ASKING/SOLD/UNSOLD PRICE
July 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 | CENTRAL
ABSORPTION RATE
July 2016 | All Property Types (SFH & Condos/Townhomes)
MONTHS SUPPLY OF INVENTORY
July 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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