2008 Annual Manitou Springs Real Estate Information – Sales Price Data

The Manitou Springs Real Estate market saw a 2008 annual average sales price of about $295,523 and an annual average median sale price of $281,072. Here we see how this was broken down by month:

Manitou Springs Average and Median Sales Prices for 2008

Manitou Springs Homes were getting the highest prices in March of 2008, at an average sale price of $375,000. The lowest sale prices was in November of 2008, at an average of $255,562.

Buyer Tip: Manitou Springs homes are NOT cookie-cutter houses, and the annual data can be misleading. Homes are worth waht a ready, willing and able buyer is willing to pay for it. Manitou has homes from all eras and in all conditions. Find a home that you LOVE and have your real estate agent help you find a fair asking price … and then offer it.

Seller Tip: We have several homes listed in Manitou Springs. Our experience has shown that it is the HISTORY and UNIQUE-ITY of a home that gets the best response from home buyers. Play up those features in your home and you should get better results… and maybe more $$.

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

Manitou Springs Real Estate Market Data for 2008

The 2008 Manitou Springs real estate market saw an annual average list price/sale price ratio of 95%.

Buyer Tip: There appears to be a “range of value” for Manitou Springs homes. Use this to your advantage and do not be afraid to offer what YOU (and your agent) deem to be a fair price for that home you want to buy.

Seller Tip: Make sure that your real estate agent is consistently giving you updates regarding what properties are selling for – properties that are as similar as possible – and listen to their advice about possible price adjustments.

“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.”

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“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.”

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