Search Homes for Sale in Fountain

Fountain homes sold the fastest in November, at 60 days and took the longest to sell in April, at 95 days.

*Note: This data reflects only the days on market for homes that sold, and does not include data if the home was listed, taken off the market for 30+ days and then re-listed.

Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), Fountain real estate data for January-December 2011 .  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

2011 Colorado Springs Real Estate Market Info

Let’s compare the El Paso County real estate market (Which includes Colorado Springs, Monument, Fountain and Manitou Springs) from 2011, 2010 and 2006.

• There were 7,637 sales in 2011. This is UP 3% (251 sales) from 2010 and DOWN 29% (3,139 sales) from 2006.
• Median sales price was $189,900 in 2011. This is DOWN 3.5% from 2010 and DOWN 12.8% from 2006.
• Average sales price was $220,858 in 2011. This is DOWN 4.5% from 2010 and DOWN 15.6% from 2006.
• Homes stayed on the market an average of 90 days before accepting an offer, in 2011. This is UP one week from 2010 and UP 3 weeks from 2006.

Comments:
The Colorado Springs real estate market has not seen so few sales since the early 1990’s. Average and median sales prices continue to decline and, based on current economics, there does not appear to be any motivation for the “rebound” that everyone keeps talking about. In fact, based on the current statistics, it doesn’t even look like we have hit “bottom” yet. At least not in the Colorado Springs real estate market.

However, with interest rates and home prices this low, BUYING a home in Colorado Springs may be a great option. Also, buying an INVESTMENT property may be a good idea. Lots of people can no longer buy a home, for credit reasons, but they still make money and need to RENT a home. Right now may be a great opportunity to become a landlord. Just a thought …

5 Bedrooms, 3 Bathrooms and 2,385 sf
2-car attached and over sized 4+ car detached RV garage

Large and Well-Maintained Home on a Park-Like 1.18 acre lot in Clear View Estates. As you cross the threshold you will find yourself in the spacious foyer with hardwood floors, coat closet and access to the upper and lower levels, the 2-car attached garage and a door leading to the back yard. Up the stairs to your left you will find yourself in the large living room. Just past the living room is the dining area with built-in desk area and cabinetry. The dining area walks out to the front deck and is adjacent to the kitchen. The kitchen has hardwood floors, a pantry and a counter bar that overlooks the dining room. Down the main hall you will find a tiled full bathroom, 2 secondary bedrooms – one is currently plumbed and being used as a full laundry room with craft desk and storage closet. The Master bedroom is also on this level. It has private access to the rear deck and a private 3/4 tiled bathroom.

The lower level of this great home sits at garden level and has another living room with a full wall brick, wood burning fireplace. There are 2 more bedrooms, a den area/storage and a beautifully remodeled ¾ bathroom with custom tiled walk-in shower, raised vanity and heated tile floors. Other features of this home include: Central A/C, updated plumbing, reinforced concrete tile roof, stucco and brick siding, motion activated lights in garage and ample storage throughout! This home boasts Trex deck that wraps around from the front to the rear of the home with 2 sitting/grilling areas and stairs leading to the side and rear yards. In the back of the home is a large concrete patio with an included hot tub! You will LOVE the rear yard. There’s a large grassy lawn, mature trees – apple and plum, lilac bushes, roses and garden areas, mountain views, dog run and sheds. There is an enormous 4+ bay detached garage with workshop area and 38’ RV garage! This garage has water, electric and phone lines. This beautiful home is at the end of a cul-de-sac in a mature neighborhood – quiet, yet convenient to many amenities.

Wagner iTeam at Keller Williams Hope Realty 719.434.7525 or
Monica Sharp (719) 659-2613

Homes for Sale

• June 2009: 5,161 homes
• December 2009: 3,952 homes
• June 2010: 5,963 homes

Comment: Oftentimes there more homes for sale in the Colorado Springs real estate market during the Summer.

Average Days on Market

• June 2009: 89 days
• December 2009: 79 days
• June 2010: 78 days

Comment: “Days on Market’ data represents how long a home was “for sale” before going under contract to close. These days do not reflect any home that was on the market and then removed from the MLS for more than 30 days before being re-listed, and therefore does not paint a complete picture of time on market.

Average Sale Price

• June 2009: $225,402
• December 2009: $223,143
• June 2010: $237,318

Comment: The average sales price combines all prices in all areas – from the $60k fixer uppers to the luxury homes in Colorado Springs. A more accurate look would be at median sales price which is consistently about $30k less.

Total YTD (Jan-June) Sales

• June 2009: 3,894 sales
• June 2010: 4,361 homes

Comment: This is a HUGE increase from 2009-2010, which I would definitely attribute to the availability of the Tax credit for the first part of this year.

By no means does this data mean that the Colorado Springs real estate market is turning around, but it IS a good sign that we may possibly be stabilizing … at least for now. But, with the large selection of homes for sale and the low interest rates, now IS the time to buy a home in Colorado Springs.

Homes for Sale in the Fountain and Fort Carson Area

• Active Listings: 485 homes
• New Listings: 171 homes
• Sold Listings: 85 sales

Fountain and Fort Carson Area Sales Price Information

• Median Sales Price: $163,200
• Average Sales Price: $168,933
• Sale Price to List Price Ratio: 99.2%

Days on Market for Fountain and Fort Carson Area homes

• Average Days on Market: 64 days

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Based on Fountain and Fort Carson real estate single family home information from the Pikes Peak REALTOR Services Corp. (”RSC”), for May 2010 .  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.

Featured Homes for Sale in Fountain Valley and Widefield

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Posted By: Mariana Wagner – Wagner iTeam at Keller Williams Realty – 719.434.8646
Fountain and Fort Carson Real Estate Expert