Colorado Springs Vintage Homes Blog
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Manitou Springs Real estate is continuing to stabilize
Manitou Springs Real Estate, Single Family Homes
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Related Article: Northwest Homes are seeing an increase in pricing
The Manitou Springs housing market continues to be a Buyer’s Market, as there is currently a 13 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 11% from 2009 to 2008, but average pricing was down 12% from 2009 to 2008. Sales have continued to increase in 2010, and pricing has continued to increase.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 36 | 51 | 62 | 63 | 90 | 80 | 82 |
| Average List Price | $296,333 | $288,154 | $292,931 | $326,757 | $290,533 | $269,743 | $254,814 |
| Average Days on Market | 158 | 100 | 101 | 105 | 97 | 97 | 61 |
| Average # of house sold per month | 4.5 | 4.3 | 5.2 | 5.3 | 7.5 | 6.7 | 6.8 |
Current Report as of 9-5-2010 in Manitou Springs
- Active listings: 59
- Absorption Rate: 4.5 homes per month, a 13 month supply of houses currently on the market.
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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Kathy (719-287-1049) KTorline@msn.com
