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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
August 2016 | Single Family Homes
Market Month to Date Year to Date
Summary August 2016 August 2015 Percent Change Year-To-Date 2016 Year-To-Date 2015 Percent Change
New Listings 99 87 13.79%  733 732 0.14% 
Sold Listings 77 70 10%  596 543 9.76% 
Median Listing Price $214,900 $182,500 17.75%  $209,000 $185,000 12.97% 
Median Selling Price $212,500 $176,500 20.4%  $207,750 $182,000 14.15% 
Median Days on Market 6 41 -85.37%  8 50 -84% 
List/Sell Price Ratio 99.4% 99.7% -0.24%  99.5% 98.5% 1.07% 
Average Listing Price $225,812 $193,744 16.55%  $228,213 $211,851 7.72% 
Average Selling Price $224,534 $191,565 17.21%  $226,440 $208,017 8.86% 
Average Days on Market 15 56 -73.21%  33 76 -56.58% 
SOLD AND NEW PROPERTIES (UNITS)
August 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
August 2016 | Single Family Homes
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
August 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
August 2016 | Single Family Homes
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
August 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
August 2016 | Single Family Homes
AVERAGE ASKING/SOLD/UNSOLD PRICE
August 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
August 2016 | Single Family Homes
MONTHS SUPPLY OF INVENTORY
August 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
August 2016 | Condos/Townhomes
Market Month to Date Year to Date
Summary August 2016 August 2015 Percent Change Year-To-Date 2016 Year-To-Date 2015 Percent Change
New Listings 7 6 16.67%  124 84 47.62% 
Sold Listings 22 8 175%  90 76 18.42% 
Median Listing Price $181,100 $152,500 18.75%  $168,000 $150,450 11.67% 
Median Selling Price $177,400 $145,000 22.34%  $165,500 $150,438 10.01% 
Median Days on Market 16 58 -72.41%  12 65 -81.54% 
List/Sell Price Ratio 98.7% 98.4% 0.3%  99.5% 98.2% 1.37% 
Average Listing Price $185,409 $357,237 -48.1%  $174,124 $214,915 -18.98% 
Average Selling Price $182,970 $345,125 -46.98%  $172,702 $209,358 -17.51% 
Average Days on Market 26 187 -86.1%  33 120 -72.5% 
SOLD AND NEW PROPERTIES (UNITS)
August 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
August 2016 | Condos/Townhomes
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
August 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
August 2016 | Condos/Townhomes
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
August 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
August 2016 | Condos/Townhomes
AVERAGE ASKING/SOLD/UNSOLD PRICE
August 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
August 2016 | Condos/Townhomes
MONTHS SUPPLY OF INVENTORY
August 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
August 2016 | All Property Types (SFH & Condos/Townhomes)
Market Month to Date Year to Date
Summary August 2016 August 2015 Percent Change Year-To-Date 2016 Year-To-Date 2015 Percent Change
New Listings 106 93 13.98%  857 816 5.02% 
Sold Listings 99 78 26.92%  686 619 10.82% 
Median Listing Price $199,900 $180,000 11.06%  $199,000 $180,000 10.56% 
Median Selling Price $199,900 $175,000 14.23%  $198,250 $177,400 11.75% 
Median Days on Market 9 41 -78.05%  9 51 -82.35% 
List/Sell Price Ratio 99.3% 99.5% -0.28%  99.5% 98.5% 1.1% 
Average Listing Price $216,833 $210,513 3%  $221,116 $212,227 4.19% 
Average Selling Price $215,297 $207,314 3.85%  $219,390 $208,182 5.38% 
Average Days on Market 17 69 -75.36%  33 82 -59.76% 
SOLD AND NEW PROPERTIES (UNITS)
August 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
August 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
August 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
August 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
August 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
August 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE ASKING/SOLD/UNSOLD PRICE
August 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
August 2016 | All Property Types (SFH & Condos/Townhomes)
MONTHS SUPPLY OF INVENTORY
August 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 the Area Report are compiled 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. IDC global obtains its data from various sources and has not been, and will not be, verified by Coldwell Banker. All information should be independently reviewed and verified for accuracy. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage cannot and will not investigate or verify the accuracy of the data accuracy. Data maintained by the MLSs may not reflect all real estate activity in the market. Owned by NRT LLC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ā©2016 Coldwell Banker. All Rights Reserved. Coldwell BankerĀ® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company and Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office is Owned by a Subsidiary of NRT LLC. Real Estate Licensees affiliated with Coldwell Banker Residential Brokerage are Independent Contractor Sales Associates and are not employees of NRT LLC., Coldwell Banker Real Estate LLC or Coldwell Banker Residential Brokerage. CalBRE License #01908304.
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