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Pricing holds strong in Old Colorado City
Colorado Spring Real Estate
Market Report for Old Colorado City – Single Family Homes
Includes Crown Hill Mesa, Gold Hill, Old Colorado City
Search for homes in Old Colorado City
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The Old Colorado City housing market continues to be a Buyer’s Market, as there is currently a month of supply of homes on the market. A 6.9 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales are down 22% from 2008 to 2007, but 2008 pricing was only down 1.5% from 2007. 115 Single family homes were sold in 2009 vs. 134 for the same period in 2009; a decline of 16%.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
| 01/01/09 to 06/30/09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 115 | 151 | 194 | 212 | 295 | 238 |
| Average List Price | $185,083 | $178,157 | $180,847 | $178,932 | $200,019 | $169,918 |
| Sales Price to List Price | 96.8% | 95.7% | 97.2% | 97.8% | 99.4% | 98.2% |
| Average Days on Market | 112 | 81 | 73 | 70 | 63 | 55 |
| Average # of house sold per month | 19.2 | 12.6 | 16.2 | 17.7 | 24.6 | 19.8 |
Current Report as of 07/18/09 in Old Colorado City
Active listings: 133
Under Contract and Pending:
Absorption Rate: 19.2 homes per month, a 6.9 month supply of houses currently on the market
Old Colorado City Homes are:
- District 11 schools
- 15 minutes from Fort Carson
- 15 minutes from Pikes Peak Community College
- 20 Minutes from the Colorado Springs Airport
- 15 – 20 minutes from Citadel Shopping Mall
- 5 –15 Minutes from Downtown Colorado Springs
- 15 minutes from UCCS
- 5 – 10 Minutes from Garden of the Gods
- 5 – 15 minutes from Downtown Colorado Springs
- Great views of Pikes Peak
- Close to the Broadmoor Hotel
- Close to Seven falls
- 10 – 15 minutes to the Cheyenne Mountain Zoo
This Colorado Springs Real Estate report contains information on Single Family homes in Old Colorado City.
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
