The Old Colorado City Real Estate market is on the westside of Colorado Springs and saw a 2008 annual average sales price of about $174,811 and an annual average median sale price of $148,287.

Here we see how this was broken down by month:

Old Colorado City Homes were getting the highest prices in July of 2008, at an average sale price of $235,336. The lowest sale prices was in November of 2008, at an average of $136,320.

Buyer Tip: The colder months are the better times to buy a home in Old Colorado City. This is also good, as you will see if/how these older homes are heated…

Seller Tip: Summer is a “HOT” time to buy a home in Old Colorado City, as it is one of only a very FEW walkable parts of town. There are plenty of events going on and marketing your home during this time could yeild more buyers.

The following graph shows the difference between what a Old Colorado City home was listed for (list price/asking price) compared to what it actually sold for in 2008:

The 2008 Old Colorado City real estate market saw an annual average list price/sale price ratio of 95.8%.

Buyer Tip: Old Colorado City homes are quite unique. Make sure that you have a thorough inspection and adjust the offering price needed for any repairs. Don’t be afraid to walk away from a deal if the home proces to be too unsatisfactory for your needs.

Seller Tip: Consider getting a pre-inspection prior to putting your home on the market. This will give you a great idea of what you may need to take care of to get a good buyer for your Old Colorado City home.

Learn More About Old Colorado City
and West Colorado Springs

“Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for the period Jan.1 – Dec.31, 2008. 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.”

Read More:

• 2008 Annual Old Colorado City Real Estate Information – Average Days on Market
• 2008 Annual Old Colorado City Real Estate Information – Homes for Sale

Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525