Colorado Springs Real Estate Connection » Monument and Palmer Lake

Colorado Springs Real Estate Sale Information from June 2009 – June 2010

Mariana Wagner — Sun, 18 Jul 2010 15:47:40 +0000

The Colorado Springs Real Estate Connection would like to share some interesting data from the Pikes Peak Realtor® Services Corp., regarding single family home sale information from June 2009 through June 2010. This data reflects all areas both in and around Colorado Springs, to include Monument, Fountain, Peyton and Manitou Springs.

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.

Black Forest Real Estate Market Report for April 2010

Mariana Wagner — Tue, 25 May 2010 19:16:38 +0000

Here is the Black Forest Real Estate Market report for April 2010 – brought to you by the Colorado Springs Real Estate Connection.

Search ALL Homes for Sale in Black Forest

Black Forest is the heavily treed region of northern Colorado Springs neighborhoods, and is a part of the Academy School District 20 real estate market. Black Forest also extends east into Falcon School District 49 and north into Monument and the Lewis Palmer School District 38 real estate market.

Zip Codes: 80908 and 80831

Homes for Sale in Black Forest

Active Listings: 165 homes
New Listings: 34 homes
Sold Listings: 17 sales

Black Forest Sales Price Information

Median Sales Price: $448,500
Average Sales Price: $494,226
Sale Price to List Price Ratio: 97.3%

Days on Market for Black Forest homes

Average Days on Market: 168 days (the number of days an average Black Forest home was on the market before accepting an offer)

Popular Searches for Black Forest Homes:

Based on single family Black Forest home information from the Pikes Peak REALTOR Services Corp. (”RSC”), for April 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.

Posted By: Mariana Wagner – Wagner iTeam at Keller Williams Realty – 719.434.8346

Did the Home Buyer Tax Credit Deadline Affect APRIL Pending Sales in the Colorado Springs Real Estate Market?

Mariana Wagner — Fri, 07 May 2010 13:23:51 +0000

Did the Home Buyer Tax Credit deadline affect APRIL pending home sales in the Colorado Springs real estate market?

Simple answer: YES.

The majority of Colorado Springs neighborhoods did see a boost in pending sales this April (2010). These numbers were not only higher than March 2010, but in most areas, the number of pending home sales were significantly higher than in April 2009 (which is more reliable data, seeing as home sales usually go up a bit in April, regardless of the incentives to buy).

Let’s take a look at the neighborhoods that saw the greatest surge in pending home sales this April:

Briargate had 59 pending home sales. This is 20 more than March and 18 more than last April.
Central and Downtown Colorado Springs had 62 pending home sales. This is 28 more than March and 21 more than last April.
East Colorado Springs had 65 pending home sales. This is 16 more than March and 23 more than last April.
Marksheffel Area had 20 pending home sales. This is 12 more than March and 8 more than last April. The Marksheffel Area is home to the Claremont Ranch and Banning Lewis Ranch real estate markets.
Old Colorado City had 62 pending home sales. This is 28 more than March and 21 more than last April.
Powers Area had 85 pending home sales. This is 12 more than March and 18 more than last April. The Powers Area is home to the Springs Ranch, Indigo Ranch, Cimarron Hills and Stetson Hills real estate markets.
Southwest Colorado Springs had 59 pending home sales. This is 34 more than March and 22 more than last April. Southwest Colorado Springs is home to the Skyway and Broadmoor real estate markets.

Neighboring Cities:

Fountain Valley had 111 pending home sales. This is 36 more than March and 13 more than last April. Fountain Valley also includes the Colorado Springs areas of Security and Widefield.
Monument and Palmer Lake had 54 pending home sales. This is 23 more than March and 28 more than last April.

So, there should not be any doubt as to the effectiveness of the Tax Credit deadline. However, we should see an increase in closed deals (sales), and so we need to watch the next couple of months to see if we a slow down in pending sales.

Monument and Palmer Lake Real Estate Market Info For December 2009

Mariana Wagner — Wed, 13 Jan 2010 06:56:17 +0000

Here is the Monument and Palmer Lake Real Estate Market Info report for December 2009– brought to you by the Colorado Springs and Monument Real Estate Connection. Monument is located just north of Colorado Springs and the United States Air Force Academy. This area is home to the town of Palmer Lake and the Monument areas of Woodmoor, Jackson Creek and King’s Deer.

Homes for Sale in Monument and Palmer Lake

Active Listings: 280 homes
New Listings: 54 homes
Sold Listings: 29 sales (compared to 36 sales last month)

Palmer Lake and Monument Sales Price Information

Median Sales Price: $356,000
Average Sales Price: $371,578
Sale Price to List Price Ratio: 99.8%

Days on Market for Monument and Palmer Lake homes

Average Days on Market: 86 days (compared to 120 days in November)

“Based on single family home sales information from the Pikes Peak REALTOR Services Corp. (”RSC”), for December 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.”

El Paso County Real Estate Market Info For December 2009

Mariana Wagner — Wed, 06 Jan 2010 00:39:14 +0000

Here is the El Paso County CO real estate market report for December 2009 – brought to you by the Colorado Springs Real Estate Connection. El Paso County includes the Monument, Manitou Springs, Fountain and Colorado Springs real estate markets. El Paso County includes the Monument, Manitou Springs, Fountain and Colorado Springs real estate markets.

Homes for Sale in El Paso County

Active Listings: 3,200 homes
New Listings: 805 homes
Sold Listings: 556 sales (compared to 735 sales last month)

El Paso County Home Sales Price Information

Median Sales Price: $193,000
Average Sales Price: $226,641
Sale Price to List Price Ratio: 97.7%

Days on Market for El Paso County Homes

Average Days on Market: 76 days (compared to 76 days in November)

Based on El Paso County single family home information from the Pikes Peak REALTOR Services Corp. (”RSC”), for December 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.

Check Out Our Monthly Colorado Springs Area Real Estate Market Reports