Check out: Monument Real Estate Connection for home searches and area information.

Monument homes sold in the shortest time in April 2011, at 82 days and took the longest to sell in September, at 152 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”), Monument 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 …

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.

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:

• Homes for Sale in Black Forest
• Land for Sale in Black Forest
• Homes/Land for Sale in Black Forest Reserve
• Search all Black Forest Foreclosures for Sale
  

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

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.