Market Stats

Patty Jewett Market Stats

Why do Market Stats for an area matter? Market Statistics for an area are important to give the Buyer and Seller a gauge of what homes are worth in an area, and to give an indication of how fast homes sell. Since every home is different and unique, this can only serve as a guide. Patty Jewett is located in the Central/Downtown MLS area, which gives a very good estimation for the Patty Jewett values. To get a more accurate indication, drop me a note at the bottom of the page, and I can give you a complimentary home valuation for your home.

Median Sales Price

Median Sales Price is the middle price in all of the sales for the quarter, where half of the sales are of lower value and half are of higher value. Median prices are more helpful for Buyers and Sellers to use rather than average prices for the main reason that median prices are unaffected by a few unusually high or low prices, making them more accurate when trying to gauge the middle of the market.

Central/Downtown Median Sales Price

Days on Market

Days on Market is a measure of how many days it took a home to sell. This is an important number because it shows how long the average home takes to sell. When we see homes that have a significantly higher number of days on market then the average, we tend to look for red flags. This number only reflects the the Days on Market for homes that have Sold/Closed for the quarter.

Central/Downtown Days on Market

Sales Price to List Price Ratio

Sales price to list price ratio give an indication of how much home prices dropped before they sold. This can be a misleading statistic because often it references the most recent list price rather than the original list price.

Central/Downtown Sales Price to List Price Ratio

# Listed vs. # Sold

This chart shows the number of homes listed and sold for the given quarter. In some cases the number sold might outnumber the number of homes listed, but this just indicates a very active sales market.

Central/Downtown # Listed vs. # Sold

Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the corresponding period. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.

Want to Learn More About Patty Jewett Home Values?

Drop me a note and I can do a free home valuation for you.

Contact Me

Springs Homes

Maggie Turner

5262 N. Nevada Ave #130-483

Colorado Springs, CO 80918

Phone: 719.339.2674