February Real Estate Stats for Old Farm in CO Springs show the strong demand for homes in your area! Prices continue to rise in your neighborhood.
The median price was up 3% at $319,500 and the average price was up 5.3% at $321,300.
Not to mention, homes are still selling really fast in your neighborhood with an average of 9 days on the market– that’s less than two weeks!
There are 8 homes pending as of 3/2/2020 and 1 home currently for sale.
Additionally, homes sold in January ranged in price from $260,000 to $372,000.
The average size of homes sold in Old Farm was 2,342 sq ft, making the selling price per square foot $138.
The overall real estate market in Colorado Springs struggles with a lack of inventory. There is only a 1.13 month supply of homes in the entire Pikes Peak Region– and even less if you are looking for a home with a Colorado Springs mailing address.
If you are looking at homes with a Colorado Springs mailing address, there are only 553 homes for sale as of March 1st.
Consequently, the shortage of homes is putting pressure on sales as there just aren’t enough homes to sell! Buyers have less options and more competition. However, this is a good thing for sellers because of the high demand and lack of competition. So if you are even THINKING of selling, NOW is the time!
To see more detailed information on the real estate market, check out our Market Conditions page
To see homes for sale in our neighborhood, visit our Real Estate page
Make sure to check back every month to see the real estate stats for Old Farm in Colorado Springs!
Please give us a call, we would love to help!
Rick Van Wieren (719) 331-7675
Mary Barkley (719) 421-9360