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Manitou Springs home sales are down 25% for 2009
Manitou Springs Real Estate
Single Family Homes
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Related Article: Homes in Crystal Hills, hidden gems
The Manitou Springs Springs housing market continues to be a Buyer’s Market, as there is currently a 18 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales were only down 1% from 2008 to 2007, but average pricing was down 10% from 2008 to 2007. 35 Single family homes have been sold in 2009 vs. 44 for the same period in 2008; a decline of 25%.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
| 1-1-09 to7-31-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 35 | 61 | 62 | 93 | 80 | 81 |
| Average List Price | $312,702 | $302,309 | $350,174 | $304,818 | $277,242 | $257,776 |
| Average Days on Market | 155 | 138 | 133 | 101 | 99 | 70 |
| Total Square Feet | 2185 | 2189 | 2257 | 2003 | 1972 | 2050 |
| Price Per TOTAL Square Foot | $144.29 | $131.86 | $146.75 | $146.76 | $136.34 | $122.62 |
| Average # of house sold per month | 5 | 5.1 | 5.2 | 7.8 | 6.7 | 6.8 |
Current Report as of 8-5-09 in Manitou Springs
- Active listings: 90
- Under Contract and Pending: 12
- Absorption Rate: 5 homes per month, an 18 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
