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Homes in Central Colorado Springs, a little bit of history

Homes in Central Colorado Springs

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Every realtor has parts of town that they love; where they are always excited to show homes.  For me, it’s in the Central areas in Central Colorado Springs.  I find the old houses so interesting, only wish they could talk to me and tell me their story.  Who lived in them, who did the last remodels, what have they seen during their life?   Some of these older neighborhoods, have generations of families who have lived in the area for 40 to 50 years; and they are a wealth of information about the homes and previous owners, and Colorado Springs History.

I often get asked about different neighborhoods and the average prices in certain areas; and thought it may be helpful to share some information I put together on a few of the popular neighborhoods in central Colorado Springs.  The information includes averages on the year built, price per square foot, and the number of homes that sold in the subdivision in 2011.

The Old North End and Downtown, continue to be very popular areas with home buyers interested in Historic Homes.  Prospect Park and Stratton Meadows have became a very popular area with investors; as it’s a very popular area for renters.

downtown revised

This Colorado Springs Real Estate report contains information on Single Family Homes in The North End.

This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

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To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049) KTorline@msn.com

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Less Inventory = a more stable Colorado Springs housing Market

Colorado Springs housing inventory is down

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Why should you care that there is less inventory on the market?

Real estate has always been about supply and demand. When there are more houses on the market then the demand, the market conditions start to adjust and pricing goes down. When there is less houses on the market, pricing starts to stabilize and go up.   As the information listed below, housing inventory, is down.  In fact, it’s way down.

I’m not sure if this means we are going to start to see a rise in pricing, but I do think the market has hit bottom.  As usual, time will tell ………………

Existing Single Family Homes on the Market

April 2012               4,433                          Sales 2,289Downtown COS (2)

April 2011                4,866                          Sales 2,252

April 2010                6,228                          Sales 2,382

April 2009                5,304                         Sales  2,009

April 2008                6,787                          Sales 2,298

April 2007                6,372                          Sales 3,007

April 2006                 6,114                          Sales 2,725

April 2005                 6,512                          Sales 2,659

April 2004                 6,181                          Sales 3,068

If you enjoyed reading this article, why not Subscribe to be notified of the next one?

To find out more information about buying a home or an investment property in Colorado Springs area, call ….

Kathy (719-287-1049) KTorline@msn.com

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Sales of Historic homes in Old Colorado City remain strong

Colorado Springs Housing Market Report for Old Colorado City Homes, Single Family

Neighborhoods Include:  Crown Hill Mesa, Colorado City, and Old Colorado City

Zip code 80904, 80905, 80903

Search for homes in Old Colorado City Area Colorado Springs

Search for Colorado Springs Historic Homes

IMG_0172 house

Here’s a quick summary of the Real Estate Market for Old Colorado City Area Colorado Springs as of December 31, 2011Old Colorado City

  • Pricing decreased by 5% from 2011 to 2010
  • Number of homes sold increased by 16% from 2011 to 2010
  • Days on Market increased by 6% from 2011 to 2010

Most Expensive Sale in area:

  • Address:  1710 W. Pikes Peak Avenue
  • Price:  $424900
  • Square Feet:  2464
  • Area:  Old Colorado City

Least Expensive Sale in the area: Read the rest of this entry »

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Manitou Springs home pricing continues to decline

Homes in Crystal Hills are in Manitou Springs

Search for Homes in Crystal Hills

Search for Homes in Manitou Springs

Zip Code:  80929

The Crystal Hills housing market continues to be a BUYERS Market, as there is currently a 5 month of supply of homes on the market.   A 6 month supply of houses on the market is IMG_1597 houseconsidered a “NEUTRAL MARKET“.

Single Family Homes in Crystal Hills were primarily built from 1965 to 2006 with an average age built of 1984.  The majority of the houses are 2-stories, ranches, and raised ranches, with 2-4 baths, with 2-3 car garages.  The average home has appx. 2000 to 3000 square footage.

You can reach the neighborhood by going West on Manitou Blvd, South on Crystal Hills Dr, South on Crystal Hills under Highway 24, then up the hill to Crystal Hills.

There are also several townhome complexes in the area including; Cielito Lindo which are priced from $365,000 – $625,000; and Crystal Park which are priced from $97,500 to $160,000.

The Manitou Parks in the area include Bill Bauers and Deer Valley Nature Park.  The school District is District 14.

Here’s a quick summary of the 2011 Real Estate Market for Crystal Hills

  • Pricing decreased by 11% from 2011 to 2010.
  • Number of holds sold decreased by 15% from 2011 to 2010.
  • Days on Market increased by 2% from 2011 to 2010.
  • Price per FINISHED square feet decreased by 13% from 2011 to 2010.
  • Price per TOTAL square feet decreased by 17% from 2011 to 2010.
  • The pricing for homes in Crystal Hills in Manitou Springs is 19% above the average and pricing in Manitou is 24% above the average pricing for homes in Colorado Springs

Year

Price

Total Sold

Average Price per FINISHED square  foot

Average Days on Market

Average Sold Per Month

2011

$291,157

14

$119

123

1.1

2010

$321,712

16

$135

121

1.3

2009

$356,283

19

$131

138

1.6

2008

$344,872

22

$137

156

1.9

2007

$310,893

17

$146

123

1.4

2006

$351,579

24

$145

73

2.0

2005

$297,923

17

$130

95

1.4

2004

$299,000

13

$121

34

1.1

This Colorado Springs Real Estate report contains information on Single Family dwellings in Manitou Springs area of Colorado Springs

This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

If you enjoyed reading this article, why not Subscribe to be notified of the next one?

To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049) KTorline@msn.com

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Don’t forget about the pipes

It’s important to check the sewer lines in older homes

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If you are looking at buying an older home in the Colorado Springs area, especially a Historic Home, don’t forget about inspecting the sewer pipes.

Why should I check the sewer lines?

Sewer lines are buried underground and are susceptible to intrusions like tree roots and excess waste products and paper, not to mention the general aging of the pipes. Common sewer linesewer 1 problems can include roots in the lines, holes, cracks, and pipe separation.

Once tree roots get into sewers, they are often expensive and messy to deal with. It can mean calling in a backhoe to dig up the your yard which adds additional costs to the sewer replacement. Also, it can bring up interesting questions, such as what if your neighbor’s tree rots finds its way into your pipes?

A residential sewer is critical in the proper operation of the whole home’s plumbing system.

Should I get my pipes replaced?

There are several different types of sewer lines, including clay (85+yrs old), cast iron (50+yrs old) and ABS or PVC. Clay can collapse on its own as it ages and can be expensive to replace. Some experts believe that cast Iron, is the best.  A plumber can advise you whether you should get the pipes replace or not.

What is a sewer scope?

A sewer scope is a fairly inexpensive procedure performed by an experienced plumber, involves inserting a cable into the sewer line from the main in the home or in the clean out all the way to the connection with the municipal sewer or a septic tank.    The clean out may be located in the basement, crawlspace or outside where the sewer line exits the home.

On the end of the cable is a tiny television camera that “scopes” through the pipes and detects blockage, breaks and potential clogs in the line.  These images can be recorded on a DVD and may be reviewed by the homeowner and/or prospective buyer to verify the condition of the sewer line.

If you enjoyed reading this article, why not Subscribe to be notified of the next one?

To find out more information about buying a home or an investment property in Colorado Springs area, call ….

Kathy (719-287-1049) KTorline@msn.com

Neighborhood Profile — Historic Homes in the Old North End

Homes in North End are in the Central Area in Colorado Springs

Search for Homes in Central Colorado Springs

Zip Code 80903 & 80907

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Single Family Homes in Old North End were primarily built from 1901 to 1981, with an average age built in the 1920’s.  The majority of the houses are 2-stories and ranches, 2-3 baths, downtown turret 10 percentwith 0 – 2 car garages, both attached and detached.

The Old North End housing market continues to be a BUYERS Market, as there is currently a 16 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.

Here’s a quick summary of the 2011 Real Estate Market for North End

  • Average Pricing decreased by 43% from 2011 to 2010
  • Number of homes sold decreased by 53% from 2011 to 2010
  • Days on Market decreased by 5% from 2011 to 2010
  • Price per FINISHED square feet decreased by 3% from 2011 to 2010

The area is located in Central Colorado Springs, between Fillmore and Uintah, East and West of Nevada.  There are several parks in the area, including Monument Valley Park The school District is District 11; and the majority of students to go Steele Grade School, North Junior High and Palmer High School.   The neighborhood is close to Downtown Colorado Springs, Patty Jewett Golf Course, and Penrose Hospital.

Year

Price

Total Sold

Average Price per FINISHED square foot

Average Days on Market

Average Sold Per Month

2011

310932

14

$143

132

1.20

2010

$546,098

30

$164

133

2.50

2009

$282,417

9

$151

83

.75

2008

$219,127

13

$146

147

1.08

2007

$230,058

23

$148

122

1.92

2006

$255,873

32

$160

108

2.67

2005

$283,208

30

$143

98

2.50

2004

$297,817

24

$147

46

2.00

This Colorado Springs Real Estate report contains information on Single Family Homes in The North End.

This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

If you enjoyed reading this article, why not Subscribe to be notified of the next one?

To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049) KTorline@msn.com

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Neighborhood Profile — Downtown Colorado Springs

Homes in Downtown Colorado Springs are in the Central Area of the city

Search for Homes in Central Colorado Springs

Zip Code 80903

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Single Family Homes in Downtown Colorado Springs were primarily built from 1890 to 1924, with an average age built in the 1910’s.  The majority of the houses are ranches and 2 stories, 1-2 baths, with 2 – 4 bedrooms, 1-2 car detached garage.

The Downtown Colorado Springs housing market continues to be a BUYERS Market, as there is currently a 8 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.

Here’s a quick summary of the 2011 Real Estate Market for Downtown Colorado Springs Read the rest of this entry »

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11 areas to find Colorado Springs Historic properites

Where are the Historic Homes in Colorado Springs?

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There are many neighborhoods in Colorado Springs with Historic homes, but these are some of the prime areas:

1. Old Colorado CityIMG_4272 light fixture

  • Location: Historic West side of Colorado Springs
  • Year Built: 1890 to 1920
  • Currently 10 properties for sale built before 1940
  • Price Range: $89,000 to $369,900
  • Average Price: $172,770

2. Colorado City

  • Location: South of Uintah, between 30th and 21st
  • Year Built: 1887 to 1923 to 1920
  • Currently 4 properties for sale built before 1940
  • Price Range: $74,900 to $279,000
  • Average Price: $158475

3.  Downtown Central

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Neighborhood Profile, Gleneagle near the Air Force Academy

Homes in Gleneagle are in the Northgate Area in Colorado Springs, near the Air Force Academy

Search for Homes in Gleneagle IMG_0094 home

Zip Code 80921

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Here’s a quick summary of the 2011 Real Estate Market for GlenEagle

  • Pricing increased by 1% in 2011 to 2010.
  • Number of homes sold decreased by 13% from 2011 to 2010.
  • Days on Market increased by 28% in 2011 to 2010.
  • Price per FINISHED square foot decreased by 5% in 2001 to 2010.

Single family homes in Gleneagle in the Northgate area currently range in price from Read the rest of this entry »

5 things to consider when buying a Historic Home in Colorado Springs

 Purchase a piece of history in Colorado Springs

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 If buying a Historic home in Colorado Springs is in your dreams, then you’ve come to the right place… I love hiIMG_4274 bathtubstoric homes

Here’s a list of 5 things to consider when buying a historic home.

  1. Has the electric been updated?   New electric panel?  Updated wiring?

Power use today is very different from the early 1900’s. 

Older electrical panels typically that lack the number of circuits to operate the microwave, toaster oven, computer, garbage disposal, washer etc. without tripping the breakers or blowing fuses.   Most newer houses have 200 Amp service, 3-wire electric circuits, fully grounded receptacles, lots of outlets and ground fault interrupters in kitchens, baths and laundry areas.

2. How about the plumbing?   Is their copper plumbing in the house?

Galvanized piping consists of steel pipe, dipped in zinc to provide corrosion resistance.   This coating gradually coating wears off and the steel piping corrodes from the inside out. The corroded piping increases the risk for leakage and can result in low water flow to the plumbing fixtures.

Galvanized piping is often found in older homes; and it has a reputation for Read the rest of this entry »

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Neighborhood Profile, Palmer Lake

Homes in Palmer Lake Area are in the Monument Area in Colorado Springs

 Search for Homes in Monument

Zip Code 80133

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The Palmer Lake housing market continues to be a BUYER’S Market, as there is currently a 5.5 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.   

Here’s a quick summary of the 2010 and 2011 Real Estate Market for Palmer Lake

  • Pricing decreased by 15% from 2010 to 2009.
    • IMG_7649 Palmer LakePricing has continued to decrease in 2011.
  • Number of homes sold stayed the same from 2010 to 2009
    • Number of homes is continuing to the stay the same in 2011
  • Days on Market decreased by 73% from 2010 to 2009
    • Days on Markets has increased in 2011 to 174 days.
  • Price per FINISHED square feet increased by 2% from 2010 to 2009.
    • Price per FINISHED square feet has decreased in 2011 to 2010.

The School District is 38, and the majority of students to go Palmer Ridge High School.  

Palmer Lake is located East of Interstate 25 on Highway 105. 

Palmer Lake Homes

Year

Price

Total Sold

Average Price per FINISHED sq foot

Average Days on Market

Average Sold Per Month
2011

$167.215

20

$95

174

2.0

2010

$201,134

22

$108

95

1.9

2009

$230,114

22

$111

165

1.9

2008

$247,259

22

$122

128

1.9

2007

$264,756

25

$131

124

2.1

2006

$262,400

35

$123

80

2.9

2005

$240,396

25

$124

89

2.1

2004

$208,350

34

$123

58

2.9

This Colorado Springs Real Estate report contains information on Single Family Homes in Palmer Lake

 This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

 If you enjoyed reading this article, why not Subscribe to be notified of the next one? 

 To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049)   KTorline@msn.com 

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Neighborhood Profile, Homes on wooded lots in Woodmoor in Monument

Homes in Woodmoor Area are in the Monument Area in Colorado Springs

 Search for Homes in Monument

Zip Code 80132

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Single Family Homes in Woodmoor were primarily built from 1969 to 2008 with an average age built of1986.  The majority of the houses are ranches with some 2 storys; with 3 – 4 baths, 3 – 5 bedrooms and 2-4 car garages; both attached and detached.  The average home has appx. 2500 to 3500 square footage.          

The Woodmoor housing market continues to be a BUYER’S Market, as there is currently a 8.5 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.   

Here’s a quick summary of the 2010 and 2011 Real Estate Market for WoodmoorWoodmoor word chart 10 31 2011

  • Pricing decreased by 2% from 2010 to 2009.
    • Pricing has increased by 8% from 2011 to 2010
  • Number of homes sold increased by 12% from 2010 to 2009
    • Number of homes sold has decreased on a monthly basis in 2011
  • Days on Market decreased by 33% from 2010 to 2009
    • Days on Markets has increased in 2011.
  • Price per FINISHED square feet increased by 3% from 2010 to 2009.
    • Price per FINISHED square feet has continued to stay the same from 2011 to 2010.

The School District is 38, and the majority of students to go Palmer Ridge High School.   Woodmoor area is located East of I-25, South of County Line Road, North of Higby Road, West of Furrow road.

This Colorado Springs Real Estate report contains information on Single Family Homes in Woodmoor in Monument

 This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

 If you enjoyed reading this article, why not Subscribe to be notified of the next one? 

 To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049)   KTorline@msn.com 

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Neighborhood Profile, Historic Homes in East End Addition in Colorado Springs

Homes in East End Addition are in the Central Area in Colorado Springs

 Search for Homes in Central Colorado Springs

Zip Code 80909

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Single Family Homes in EAST END ADDITION were primarily built from 1928 to 1953, with an average age built in the 1940’s.  The majority of the houses are ranches, 1-2 baths, with 2 – 4 bedrooms, 1-2 car garages, both attached and detached.  

The East End Addition housing market continues to be a BUYERS 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”.  

Here’s a quick summary of the 2010 and 2011 Real Estate Market for East End AdditionIMG_7621 EAST END ADDITION

  • Pricing decreased by 3% from 2010 to 2009.  Pricing has increased by 13% in 2011.
  • Number of homes sold decreased by 12% from 2010 to 2009
  • Days on Market decreased by 150% from 2010 to 2009.   Days on market has continued to decrease in 2011.
  • Price per FINISHED square feet decreased by 1% from 2010 to 2009, and it has continued to increase in 2011.

The area is located in Central Colorado Springs,  east of Hancock, west of Union, North of Pikes Peak Avenue, South of Unitah The school District is Read the rest of this entry »

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Neighborhood Profile, Historic Old North End in Colorado Springs

Homes in North End are in the Central Area in Colorado Springs

Search for Homes in Central Colorado Springs

Zip Code 80903 & 80907

Single Family Homes in Old North End were primarily built from 1901 to 1981, with an average age built in the 1920’s.  The majority of the houses are 2-stories and ranches, 2-3 baths, with 1 – 2 car garages, both attached and detached.  Word Chart

The Old North End housing market continues to be a BUYERS Market, as there is currently a 30 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.  

Here’s a quick summary of the 2010 and 2011 Real Estate Market for North End

  • Pricing increased by 41% from 2010 to 2009
  • Number of homes sold increased by 70% from 2010 to 2009
  • Days on Market increased by 40% from 2010 to 2009
  • Price per FINISHED square feet increased by 7% from 2010 to 2009
  • Number of homes sold in 2011 is similar to 2009, currently at 8 for 2011
  • The prices of active listings currently range from $144,000 to $2,250,000
  • The average house currently on the market was built in 1919 and is priced at $546,098
  • There are 387 homes in the neighborhood
  • There are currently 4 homes in pre-foreclosure and 1 bank-owned home in the neighborhood.

The area is located in Central Colorado Springs, between Fillmore and Uintah, East of Nevada.  There are several parks in the area, including Monument Valley.   The school District is District 11; and the majority of students to go Steele Grade School, North Junior High and Palmer High School.   The neighborhood is close to Downtown Colorado SpringsPatty Jewett Golf Course, and Penrose Hospital.

This Colorado Springs Real Estate report contains information on Single Family in Historic Old North End

 This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

 

  If you enjoyed reading this article, why not Subscribe to be notified of the next one? 
 
To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049)   KTorline@msn.com

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Pricing is increasing the Monument Area

Monument Colorado Housing, Single Family

Neighborhoods Include:  Palmer Lake, Woodmoor, King’s Deer

Zip code 80132

Search for homes in Monument

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sales price 6 30 2011

Here’s a quick summary of the Real Estate Market for Monument

  • Pricing increased by 1% from 2010 to 2009
  • Number of homes sold decreased by 2% from 2010 to 2009
  • Days on Market decreased by 10 % from 2010 to 2009
  • Sales units have decreased in 2011 but pricing has increased.

Most Expensive Read the rest of this entry »

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Old Colorado City sales remain strong

Colorado Springs Housing Market Report for Old Colorado City Homes, Single Family

Neighborhoods Include:  Crown Hill Mesa, Colorado City, and Old Colorado City

Zip code 80904, 80905, 80903

Search for homes in Old Colorado City Area Colorado Springs

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Here’s a quick summary of the Real Estate Market for Old Colorado City Area Colorado Springs as of June 30, 2011

Sales 6 30 2011

  • Pricing increased by 1% from 2010 to 2009
  • Number of homes sold decreased by 10% from 2010 to 2009
  • Days on Market increased by 10% from 2010 to 2009, and days on market has continued to increase in 2011.
  • Pricing has decreased 5% from 2011 to 2010

Most Read the rest of this entry »

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Manitou Springs home prices are decreasing in 2011

Manitou Springs Housing Market Report for Single Family

Neighborhoods Include:  Homes in Crystal Hills and Crystal Park

Zip code 80829

Search for homes in Manitou Springs 

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Here’s a quick summary of the Real Estate Market for Manitou Springs for 2010 and for the first half of 2011

  • Pricing decreased by 1% from 2010 to 2009
  • Number of homes sold increased by 14% from 2010 to 2009
  • Days on Market increased by 23% from 2010 to 2009
  • Pricing has decreased by 13% for the first half of 2011.

pricing 6 30 2011

Most Expensive Read the rest of this entry »

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Bargain time in Central Colorado Springs

Colorado Springs Housing Market Report for CENTRAL Homes, Single Family Homes

Neighborhoods Include:  Homes in Downtown, Patty Jewett, Divine Redeemer, Old North End, East End Addition

Zip code 80903 and 80907

Search for homes in CENTRAL Colorado Springs

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Price comparision 6 30 2011

Here’s a quick summary of the Real Estate Market for Central Colorado Springs for 2010 and for the first half of 2011 Read the rest of this entry »

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Northwest sales are still strong

Colorado Spring housing market for Northwest area, Single Family Homes

Includes houses in Rockrimmon, Southface, Mountain Shadows, and Peregrin

Zip Codes 80919

Search for homes in Northwest Colorado Springs

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Here’s a quick summary of the Real Estate Market for Colorado Springs Northwest area forSales comparison 2010 and for the first half of 2011

  • Pricing increased by 6% from 2010 to 2009
  • Number of homes sold decreased by 6% from 2010 to 2009
  • Days on Market increased by 13% from 2010 to 2009
  • Pricing has decreased by 4% for the first half of 2011
  • Days on Market has increased to 135 in 2011

Most Expensive Sale in area: 

  •     Address:  3030 Richfield Drive
  •     Price:  $880,000
  •     Square Feet: 6485
  •     Area:  Peregrin
  •     Total Days on Market:  186 Read the rest of this entry »

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Neighborhood Profile, Colorado Springs Country Club area

Homes in Country Club area are in the East/Central Area of Colorado Springs

 Search for Homes in the Country Club Area      Zip Code  80909

Single Family Homes in the Country Club area were primarily built in the 1950’s and 1960s.   The majority of the houses are ranches with 2500 to 3500 square feet, 4 to 5 bedrooms and 3 baths.

 

 

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The Country Club housing market continues to be a BUYERS Market, as there is currently a 10 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.  

Here’s a quick summary of the 2010 Real Estate Market for the Country Club area

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