Old Colorado City and Westside Colorado Springs Homes: Real Estate Market Report for May 2009

Here is the Old Colorado City and Westside Colorado Springs Real Estate Market report for May 2009

Westside and Old Colorado City Real Estate - Garden of the Gods

Old Colorado City Real Estate:

Old Colorado City is on the westside of Colorado Springs and covers the mature neighborhoods to the immediate north and south od Colorado Boulevard - from 1-25 to Manitou Springs.

Old Colorado City Homes for Sale

  • Active Listings: 81 homes
  • New Listings: 25 homes
  • Sold Listings: 18 sales

Old Colorado City Home Sales Price Information

  • Median Sales Price: $141,000
  • Average Sales Price: $146,990
  • Sale Price to List Price Ratio: 99.7%

Days on Market for Old Colorado City homes

  • Average Days on Market: 90 days (compared to 113 days in April)

Westside Colorado Springs Real Estate:

Westside Colorado Springs covers the areas west of hte highway between NW Colorado Springs and Old Colorado City. Popular neighborhoods include: Pleasant Valley, Garden of the Gods and Holland Park.

Westside Colorado Springs Homes for Sale

  • Active Listings: 118 homes
  • New Listings: 42 homes
  • Sold Listings: 17 sales

Westside Colorado Springs Home Sales Price Information

  • Median Sales Price: $199,000
  • Average Sales Price: $228,968
  • Sale Price to List Price Ratio: 97.9%

Days on Market for Westside Colorado Springs homes

  • Average Days on Market: 78 days (compared to 163 days in April)

Some of the most affordable homes in Colorado Springs are in the westside and Old Colorado City areas.

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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




Posted on June 15th, 2009 by Mariana Wagner

Top 8 Affordable Colorado Springs Neighborhoods for 1st Quarter 2009

More than half the homes for sale in Colorado Springs are affordable to the average American family.

According to the 2009 1st Quarter Housing Opportunity Index, housing affordability is at the highest level it has been in 18 years! (Colorado Springs Real Estate Journal, Vol. 1 No. 18 “Housing affordability surges to highest level in 18 years”)

They based this off of home prices vs. the national median income of $64,000 a year.

Housing Opportunity Index

Basically, if you make $64,000 a year, you can afford a $250,000 home* (if you pay about $600 a month in car/credit card payments, get a fixed interest rate of about 5% and put about 20% down, with about $1,000 a year in homeowners insurance and $1,200 a year in property taxes). (Check Out the Bank Rate Calculator) *All home loans are subject to credit approval and you may qualify for more, less or nothing based on your unique situation. Contact a local, reputable bank or lender for more information.
Read Also: How Does Your Debt Compare?

Top 8 Affordable Colorado Springs Neighborhoods:

Here are the most affordable neighborhoods in Colorado Springs, based on median asking and sales prices for the 1st quarter of 2009.

1. Southeast Colorado Springs Homes: Located south of Platte Ave. and North of Security and Widefield. Close to Peterson AFB and Fort Carson.  - Check out the Southeast Colorado Springs real estate info and home searches

  • Median List Price: $111,900
  • Median Sale Price: $109,900

2. Central and Downtown Colorado Springs Homes: Located east of I-25 and within the boundaries of Circle Drive.  - Check out the Central and Downtown Colorado Springs real estate info and home searches

  • Median List Price: $132,603
  • Median Sale Price: $119,800

3. Old Colorado City Homes: All areas surrounding West Colorado Blvd.  - Check out the Old Colorado City real estate info and home searches

  • Median List Price: $150,000
  • Median Sale Price: $150,000

4. East Colorado Springs Homes: Just east of Central Colorado Springs and west of Powers Blvd.  - Check out the Eastside Colorado Springs real estate info and home searches

  • Median List Price: $164,900
  • Median Sale Price: $160,000

5. West Colorado Springs Homes: West of I-25 between Old Colorado City and Garden of the Gods Road.  - Check out the Westside Colorado Springs real estate info and home searches

  • Median List Price: $161,000
  • Median Sale Price: $160,800

6. Powers Area Colorado Springs Homes: The stretch of neighborhoods east of Powers between Woodmen Road and Platte Avenue.  - Check out the Powers Area Colorado Springs real estate info and home searches

  • Median List Price: $192,450
  • Median Sale Price: $188,000

7. Northeast Colorado Springs Homes: Covers mostly all neighborhoods between I-25 (W) and Powers (E), Woodmen (N) and Austin Bluffs (S).  - Check out the Northeast Colorado Springs real estate info and home searches

  • Median List Price: $194,900
  • Median Sale Price: $190,000

8. Marksheffel Area Colorado Springs Homes: All of Banning Lewis Ranch and Claremont Ranch - East of the Powers neighborhoods of Stetson Hills and Springs Ranch.  - Check out the Banning Lewis Ranch real estate info and home searches

  • Median List Price: $212,500
  • Median Sale Price: $216,000

Based on this information, there are HUNDREDS of affordable homes for sale in Colorado Springs.

Read Also: Top 5 Most Expensive Colorado Springs Neighborhoods for 1st Quarter of 2009

Search ALL Homes For Sale in Colorado Springs

“Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for the period January 1, 2009 through March 31, 2009.  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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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




Posted on May 31st, 2009 by Mariana Wagner

Old Colorado City and Westside Colorado Springs Real Estate Market Info for April 2009

Old Colorado City Real Estate:
Old Colorado City is on the westside of Colorado Springs and covers the mature neighborhoods to the immediate north and south of Colorado Boulevard - from 1-25 to Manitou Springs.

Homes for Sale in Old Colorado City

  • Active Listings: 86 homes
  • New Listings: 22 homes
  • Sold Listings: 11 sales

Old Colorado City Sales Price Information

  • Median Sales Price: $130,000
  • Average Sales Price: $127,511
  • Sale Price to List Price Ratio: 95.7%

Days on Market in Old Colorado City

  • Average Days on Market: 113 days

Westside Colorado Springs Real Estate:
Westside Colorado Springs covers the areas west of hte highway between NW Colorado Springs and Old Colorado City. Popular neighborhoods include: Pleasant Valley, Garden of the Gods and Holland Park.

Homes for Sale in Westside Colorado Springs

  • Active Listings: 103 homes
  • New Listings: 29 homes
  • Sold Listings: 7 sales

Westside Colorado Springs Sales Price Information

  • Median Sales Price: $225,000
  • Average Sales Price: $380,000
  • Sale Price to List Price Ratio: 87.6%

Days on Market in Westside Colorado Springs

  • Average Days on Market: 163 days

“Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for the period April 1 - 30, 2009. 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.”

Search for Homes in Colorado Springs   Colorado Springs Property Values

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




Posted on May 21st, 2009 by Mariana Wagner

Old Colorado City and Westside Real Estate Market Info For March 2009

Westside and Old Colorado City Real Estate Market

Old Colorado City Real Estate Market Data For March 2009

  • Active Listings: 90 homes
  • New Listings: 29 homes
  • Sold Listings: 11 sales
  • Median Sales Price: $140,000
  • Average Sales Price: $145,327
  • Sale Price to List Price Ratio: 96.2%
  • Average Days on Market: 119 days

Westside Colorado Springs Real Estate Market Data For March 2009

  • Active Listings: 95 homes
  • New Listings: 24 homes
  • Sold Listings: 10 sales
  • Median Sales Price: $156,950
  • Average Sales Price: $236,560
  • Sale Price to List Price Ratio: 92%
  • Average Days on Market: 98 days

Read More: Old Colorado City and Westside Real Estate Information

Popular Old Colorado City and Westside Home Searches:

Search for Homes in Colorado Springs   Colorado Springs Property Values

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




Posted on April 23rd, 2009 by Mariana Wagner

2008 Annual Westside Colorado Springs Real Estate Information - Homes for Sale

The Westside Colorado Springs real estate market saw an average of 106 available homes for sale each month in 2008. An average of 28 new listings came on the market each month and an average of 12 homes sold each month.

Westside Colorado Springs Real Estate Market report for 2008
So, we saw an average of 11.3% of the available homes SOLD each month (8.5% - 15.9%). The most sales were in June - at 18 sales (15.9% of the inventory). The slowest months in 2008 for sales was January (8 sales, 10.8% of hte inventory) and February (8 sales, 9.2% of the inventory).

Buyer Tip: Homes on the Westside of Colorado Springs actually SELL. People love to live here - especially in Pleasant Valley. If you find a well priced home in good condition, then jump on it.

Seller Tip: The MOST sales and the highest prices are fetched in the Summer months. Make sure your house is for sale during these months and consider having an “Open House” on the days when there are a lot of Garage Sales … when the foot traffic is awesome!

Below is a closer look at the amount of available Westside Colorado Springs homes and sold listings, per month in 2008.

Available Westside Colorado Springs Homes for Sale 2008:

Westside Colorado Springs housing market data for 2008
Westside Colorado Springs Sold Listings for 2008:
Westside Colorado Springs real estate market data for 2008

“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.”

Search for Homes in Colorado Springs   Colorado Springs Property Values

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




Posted on March 13th, 2009 by Mariana Wagner

To begin your search for the perfect home or sell your home in the Colorado Springs area, call Derek and Mariana Wagner at (719) 434-7525.