Homes in Colorado Springs CO, Market Report for Village Seven

Village Seven

Single Family Homes

Single Family Homes in Village Seven were primarily built in the 1970's. The majority of the houses are ranches, bi-levels, and tri-levels with 3 to 5 bedrooms, 2 baths, and 2 car garages. The average home has appx. 1750 to 2500 square footage. The absorption rate of 4.1 houses per month shows that there is a 2.9 month supply of houses on the market; the housing market is currently a BUYERS/NEUTRAL MARKET in this area.

Village Seven homes are:

Located in District 11 schools

• Grade School: Bates
• Middle School: Horace Mann
• High School: Palmer

Village Seven Homes:

• 20 Minutes from the Colorado Springs Airport
• 15 - 25 minutes to Peterson Air Force Base and Schriever Air Force Base
• 10 - 15 minutes from Citadel Shopping Mall
• 5 -15 Minutes from Downtown Colorado Springs
• 5 - 10 minutes from UCCS
• 10 - 20 minutes from Downtown Colorado Springs
• Great views of Pikes Peak
• 10 - 15 minutes to Memorial Hospital and Penrose Hospital

Recap of October Home Activity in Village Seven in Colorado Springs

• Homes Sold in the last month: 6

Recap of 1-1-08 to 10-31-08 Activity in Village Seven

• Homes Sold in the last ten months: 41 (vs. 47 in 2007)
• Average Listing Price: $185,284 (vs. $193,043 in 2007) 4.2% DECREASE
• Average days on market: 110 (vs. 107 in 2007)

Current Report as of 11-16-08 in Village Seven

• Active listings: 12
• Under Contract and Pending: 1
• Absorption Rate: 4.1 houses per month

This Colorado Springs Real Estate report contains information on Single Family homes in Village Seven.

This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

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Posted by Kathy Torline