Colorado Springs Vintage Homes Blog
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Manitou Springs Homes, pricing down 10% from 2007
Manitou Springs Homes
2008 Market Report
Search for Homes in Manitou Springs
Single Family Homes in the Manitou Springs continues to be in a Buyer’s Market, as there is currently a 7.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“. Sales are only down 1% from 2007, but average pricing is down 10% from 2007.
Recap of December Activity
- Homes Sold in the last month: 4
Recap of 2008, 2007, 2006, 2005, and 2004
| 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 62 | 63 | 90 | 80 | 82 |
| Average Sale Price | $292,931 | $326,267 | $290,533 | $269,743 | $254,814 |
| Sales Price to List Price | 95.3% | 94.9% | 96.3% | 97% | 97.1% |
| Average Days on Market | 109 | 105 | 79 | 82 | 61 |
| Average # of house sold per month | 5.2 | 5.3 | 7.5 | 6.7 | 6.8 |
Current Report as of 1-15-09 in Manitou Springs
- Active listings: 39
- Under Contract and Pending: 3
- Absorption Rate: 5.2 homes per month, a 7.5 month supply of houses currently on the market.
Manitou Springs Homes are:
- Located in District 14 schools
- 20 – 25 minutes from Fort Carson
- 15 minutes from Pikes Peak Community College
- 20 – 25 Minutes from the Colorado Springs Airport
- 15 – 20 Minutes from Citadel Shopping Mall
- 10 – 20 Minutes from Downtown Colorado Springs
- 15 – 20 minutes from UCCS
- 5 – 10 Minutes from Garden of the Gods
- Great views of Pikes Peak
- 10 – 15 Minutes to the Broadmoor Hotel
- 10 – 15 minutes to the Cheyenne Mountain Zoo
This Colorado Springs Real Estate report contains information on Single Family homes in Manitou Springs.
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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If you enjoyed reading this article, why not Kathy (719-287-1049) KTorline@msn.com
