Search for Colorado Springs Homes

Related Articles:

• Neighborhood Profile, Historic homes in the East End Addition in Central Colorado Springs
• Neighborhood Profile, Historic Old North End in Colorado Springs
• Average prices have increased for Homes in Central Colorado Springs
• 9 neighborhoods with Historic Colorado Springs Homes

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

1. Old Colorado City

• 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

• Location: South of Unitah, east of Nevada, West of North Hancock, Central Colroado Springs
• Year Built: 1889 to 1923
• Currently 5 properties for sale built before 1940
• Price Range: $117,000 to $249,900
• Average Price: $171,500

4.  Old North End

• Location: Central Colorado Springs
• Year Built : 1910 – 1930
• Currently 14 properties for sale built before 1940
• Price Range: $124,750 to $1,995,000
• Average Price: $318,855

5.  East End Addition

• Location: Central Colorado Springs
• Year Built: 1920 – 1940
• Currently 3 properties for sale built before 1940
• Price Range: $174,900 to $234,900
• Average Price: $235,032

6.  West Colorado Springs

• Location: West of Highway 24, between 21st and 8th
• Year Built: 1894 to 1922
• Currently 6 properties for sale built before 1940
• Price Range: $82,000 to $325,000
• Average Price: $170,967

7. Central

• Location: Close to Downtown Colorado Springs
• Year Built: 1889 – 1940
• Currently 9 properties for sale built before 1940
• Price Range: $119,900 to $386,500
• Average Price: $203,511

8.  Cheyenne Canon and Cheyenne

• Location: Southwest Colorado Springs
• Year Built: 1920 – 1960
• Currently 4 properties for sale built before 1940
• Price Range: $139,000 to 475,000
• Average Price $264,225

9.  Broadmoor

• Location: Southwest Colorado Springs
• Year Built – 1920 – 1940
• Currently 2 properties for sale built before 1940
• Price Range: $559,000 to $995,000
• Average Price: 777,000

10.  Manitou Springs

• Location: Manitou (West of Colorado Springs)
• Year Built: 1880 – 1940
• Currently 9 properties for sale built before 1940
• Price Range: $129,900 to $459,900
• Average Price: $267,856

11.  Hastings

• Location: Central Colorado Springs, North and South of Uintah, East of Wahsatch
• Year Built; 1890 to 1920
• Currently 3 properties for sale built before 194
• Price Range: $130,000 to $174,900
• Average Price: $156,333

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

Search for Homes in Skyway and Skyway Park

Zip Code 80906

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• Colorado Springs Home Values, square footage price varies 
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• Homes in Old Colorado City are seeing a small price increase 
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The Skyway and Skyway Park housing market continues to be a BUYER’s/NEUTRAL 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 considered a “NEUTRAL MARKET”.  

Here’s a quick summary of the 2010 Real Estate Market for Skway

• Pricing increased by 6% in 2010.
• Number of homes sold decreased by 11%
• Days on Market increased by 31%
• Price per FINISHED square feet INCREASED by 6%

Single Family Homes in Skyway were primarily built in the 1960’s.  The majority of the houses are ranches with 2-3 baths, with 1-2 car garages. The average home has appx. 1500 to 2000 square footage. 

The area location is between Eighth street and Cresta.

The school District is District 12 and the majority of students go to Skyway Grade School, Cheyenne Mountain Junior High and Cheyenne Mountain High School.  

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To find out more information about buying a home in Colorado Springs or Manitou Springs, call ….

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

Includes Homes in Broadmoor, Cheyenne Meadows, Cheyenne Canon, Broadmoor Bluffs, Quail Ridge

Search for homes in Southwest Colorado Springs

Zip Code:  80905, 80906

Related Articles:

• Average prices have increased for Homes in Central Colorado Springs
• Homes in Old Colorado City are seeing a small price increase 
• Manitou Springs housing sales are up in 2010 
• Sales are down, pricing is up in Northwest Colorado Springs

Homes in Southwest Area continue to be a Buyers Market, as there is currently a 9 month of supply of homes on the market.   A 6 month supply of houses on the market is typically considered a “NEUTRAL MARKET”. 

• Number of Homes in Southwest Area sold were down by 9% in 2010 vs. 2000    When comparing the high of 801 homes sold in 2005, unit sales are down by 40%.
• Average pricing has increased, currently up 13% from 2010 to 2009.     Recap of 2004, 2005, 2006, 2007, 2008, 2009, 2010

This Colorado Springs Real Estate report contains information on Single Family homes in Southwest 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 buying a home or an investment property in Colorado Springs area, call ….

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

Zip Code 80906

Search for Homes in Skyway and Skyway Park

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• Southface homes in the Foothills of Colorado Springs

 The Skyway and Skyway Park housing market continues to be a BUYER’s/NEUTRAL Market, as there is currently a 6 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.   Sales units were up 13% from 2009 to 2008, and pricing was down 27% from 2009 to 2008.    Sales units and price per square foot are continuing to see a decrease in 2010.

Single Family Homes in Skyway were primarily built in the 1960’s.  The majority of the houses are ranches with 2-3 baths, with 1-2 car garages. The average home has appx. 1500 to 2000 square footage. 

The area location between Eighth street and Cresta.

The school District is District 12 and the majority of students go to Skyway Grade School, Cheyenne Mountain Junior High and Cheyenne Mountain High School.  

   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 in Colorado Springs or Manitou Springs, call ….

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

Search for Homes in Colorado Springs

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While the high-end numbers are less in Colorado Springs than the lower-priced foreclosures, there has been a growth that reflects a significant shift in the foreclosure landscape and its underlying causes.  Mortgage problems have moved upstream; partially because of economic conditions such as unemployment and stock losses.      Also in play is a different type of risky loan called option ARM (adjustable rate mortgage) and interest only loans.

It definitely seems like the focus is shifting as we’re seeing more defaults, foreclosures and short sales in the more-affluent Colorado Springs communities.  Some national experts emphasize that the foreclosure numbers don’t reflect the extent of distress at the high end.   Banks are more likely to pursue short sales in luxury Colorado Springs luxury homes, in which the homeowner stays put while marketing the home for less than is owed on the mortgage.

Experts agreed that high-end homes take longer to become foreclosures because affluent people have more resources, consequently they likely to extend the time they’re struggling to make payments.

I looked over the Post Sale List dated 8-4-2010 from the El Paso Public Trustee’s office, and there is definitely evidence that foreclosures are going upscale.  There was one property over $1,000,000 that was foreclosed on, 1 over $700,000, 1 over 500,000; and several over 300,000.    When I compare this to the same list over a year ago, there were no Colorado Springs properties foreclosed on over $300,000.

There are currently 52 Bank-owned properties on the Colorado Springs market over $300,000; including several homes in the Broadmoor area,  as well as in homes in Black Forest and in Monument.

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

Search for Foreclosures and Short Sales in Colorado Springs

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My Foreclosure pick of the week is in Rockcreek area south of Colorado Springs  on 2220 Paseo Corto. 

It is a single family home and includes over 2500 square feet, with 3 bedrooms, 3 baths, and a 2 car attached garage; as well as a detached 2 car garage.   The detached garage doesn’t have a floor or a door; it’s more of a metal enclosure set on the ground than a true garage.   The property was built in 1980; and was originally sold for $264,500 in 2003The upsides….. 3 acre lot, beautiful trees and scrub oak on the lot.    The house does need some work, which is very typical for a bank owned property. 

The downsides ….. very close to Highway 115; you can definitely hear the traffic noise.

The description in the MLS Says:  “Unbelievable property with fabulous mountain views. Large property includes a 1000 sq. ft. garage.   Home offers hardwood and slate flooring, enclosed back porch. Minutes to Ft. Carson.”

The El Paso County Assessor’s office has it valued at 307,338.    At the current list price of $319,900, it may be priced a little over market value, especially considering it is so close to the Highway.      There are 14 other properties in the area, priced from $119,900 to $899,900.   During the last 6 months, only 2 properties have sold in the same area, ranging from $259,900 to $420,000.

If you would like to find out more about buying a foreclosed home in Colorado Springs

Call Kathy Torline, 719-287-1049 or email  KTorline@msn.com

For a free market analysis on your neighborhood and home, Email Kathy at KTorline@msn.com

 I often times say to my clients that real estate changes on a day to day basis, here’s a quick summary of yesterday’s changes in the market.  

 Kat’s observations

• 10 of the new listings are in the Southwest Area
• The average Price reduction was $12,500, and the majority of them were in the Southwest and Northwest area
• All of the closed listings were on the West side of town

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?  

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

For a free market analysis on your neighborhood and home, Email Kathy at KTorline@msn.com

Colorado Springs realestate is just like any other city in that average prices vary vastly in different areas.   The local MLS (Multiple Listing Service) breaks down the City into different areas, and within each area there are many different neighborhoods.   As part of putting together monthly market statistics, I also put together info on average price per square footage and average price per FINISHED square footage.    As you can tell from the info below, average square footage pricing varies vastly in different parts of Colorado Springs.   This information is a broad base guideline, as within each area, neighborhoods pricing can vary immensely.

The southwest area, which includes homes in The Broadmoor Area, and homes in Manitou Springs are the highest prices per square foot and homes in Old Colorado City are currently the cheapest per square foot.      Homes in the Northeast area, which includes Vista Grande and Pulpit Rock are in the middle of the pack with an average price per square foot of $93.00.

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? 

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

Includes Homes in Broadmoor, Cheyenne Meadows, Broadmoor Bluffs, Quail Ridge

Search for homes in Southwest Colorado Springs

Related Articles:

• First Quarter Market Report for Homes in NORTHWEST Colorado Springs
• Old Colorado City 1st quarter market report
• Central Colorado Springs 1st quarter market report

Homes in Southwest Area continue 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 typically considered a “NEUTRAL MARKET”. 

• Number of Homes in Southwest Area sold are up by 8% in 2009 vs. 2008.    When comparing the high of 801 homes sold in 2005, unit sales are down by 40%.
• Average pricing continues to see downward pressure, currently down 16% from 2009 to 2008.    Pricing is actually down 24% from the high of $394,375 in 2007.
• 2010 is continuing to see an increase in sales and a decrease in average pricing.

Recap of 2004, 2005, 2006, 2007, 2008, and 2009

This Colorado Springs Real Estate report contains information on Single Family homes in Southwest Colorado Springs.

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

Includes Homes in Broadmoor Bluff, Cheyenne Meadows, Quail Ridge, Broadmoor

Search for homes in Southwest Colorado Springs

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• Number of Homes in Southwest Colorado sold are up in 2008, but are still down substantially from 2005, when 801 homes were sold.
• Average pricing continues to see consistent downward pressure, currently down 16% from 2009 to 2008.
• Average days on market has continued to increase from 97 to 91.

 Recap of 2004, 2005, 2006, 2007, 2008, 2009

This Colorado Springs Real Estate report contains information on Single Family homes in Southwest 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? 

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