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Archive for the 'Neighborhoods - Palmer Lake and Monument' Category

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.

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 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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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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Neighborhood pick of the week, 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 averword chart revised 2 28 2011age 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 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”.    

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

  • Pricing decreased by 2% from 2010 to 2009
  • Number of homes sold increased by 12% from 2010 to 2009
  • Days on Market decreased by 33% from 2010 to 2009
  • Price per FINISHED square feet increased by 3% from 2010 to 2009.

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.

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 in Monument or Manitou Springs, call ….

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

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Homes prices in Monument continue to decline, down by 12% in 2010

Colorado Spring Housing Market for Tri-Lakes, Includes Homes in Monument and Palmer Lake
Search for Homes in Palmer Lake and Monument

Zip Code 80132

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 The Monument Real Estate 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”.   Sales were up 20% from 2010 to 2009, but pricing was down 12% from 2010 to 2000.   

 Recap of 2010, 2009, 2008, 2007, 2006, 2005, and 2004

                                   

  2010 2009 2008 2007 2006 2005 2004
  Number of Homes Sold

434

363

 383

 469

 630

 675

 673

  Average Sale Price $350,432

$396,798

$407,407

$450,756

$434,392

$418,258

$373,323

  Average Days on Market

106

122

 109

 107

94

 71

 67

  Average # of house sold per month

36

30

31.9

39.1

 

52.5

56.3

 

56.1

                 

 Current Report as of 1-20-2011 in Tri-Lakes

  • Active listings:  307
  • Absorption Rate:    36 homes per month, a 8.5 month supply of houses currently on the market

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 buying a home or an investment property in Colorado Springs area, call ….

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

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Monument home sales have been increasing in 2010

Colorado Spring Real Estate 

Market Report for Tri-Lakes, Includes Homes in Monument and Palmer Lake as of 8-31-2010

Search for Homes in Palmer Lake and Monument

Zip Code:  80132, 80132 

The Monument Real Estate 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 down 5% from 2009 to 2008, but pricing was only down 3% from 2009 to 2008.  Pricing and sales continues to decrease in 2010.

 

Recap of 2010, 2009, 2008, 2007, 2006, 2005, and 2004                                  

 

2010

2009

2008

2007

2006

2005

2004

  Number of Homes Sold

288

363

 383

 469

 630

 675

 673

  Average Sale Price

$382,218

$396,798

$407,407

$450,756

$434,392

$418,258

$373,323

  Average Days on Market

105

122

 109

 107

94

 71

 67

  Average # of house sold per month

36

30

31.9

39.1

 

52.5

56.3

 

56.1

                 

 Current Report as of 8-31-2010 in Tri-Lakes

  • Active listings:  418
  • Absorption Rate:    36 homes per month, a 11.6 month supply of houses currently on the market

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.

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King’s Deer in Monument Colorado, majestic homes on 2 1/2 acre lots

 My Colorado Springs neighborhood pick of the week — King’s Deer in Monument

Search for Homes in Monument,   Zip Code:  80132

Related Articles on Colorado Springs Neighborhoods:

King’s Deer is a community that is located in Monument, east of I-25, North of 105, east of Furrow, south of County Line, West of Highway 83.  It also includes the Kings Deer Golf Course.

Most of the homes in the area area are included in the King’s Deer HOA and the yearly dues are around $200.00.

Single Family Homes in Kings Deer were primarily built from 1995 to 2010 with an average age built of 2002.  The majority of the houses are ranches with some 2 storys; with 3 – 4 baths, 3 – 5 bedrooms and 3-5 car garages; both attached and detached.  The average home has appx. 4500 to 5500 square footage.                          

King's Deer Pricing Comparison          

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Foreclosure pick for July, 5 acre horse property in Monument

Search for Foreclosures and Short Sales in Colorado Springs

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My foreclosure pick of the week is in Monument (located north of Colorado Springs) on 4185 Spaatz Road in Pine Hills in Monument.  It’s located west of  I-25 and it includes over 4100 square feet, with 4 bedrooms, 3 baths, and a 2 car attached garage.

The property was built in 1983; and most recently sold for $375,000 in 2005.   It is a two-story , on 5 acres zones for horses and includes a finished basement.

The upsides….. 5 acre lot, expansive floor plan, beautiful valley views with plenty of square footage.    It’s very close to Pike National Forest, hiking trails, and only minutes from downtown Monument.   It does need quite a bit of work, but at first glance it mainly looks like cosmetic work including new floor coverings, everything needs painted, appliances are needed, deck needs refinished, and the windows look in bad shape.     Couldn’t tell about the roof, or the condition of the well or the heating system; all things to be checked out during an inspection.

The description in the MLS Says:  “Great opportunity! 4 bed, 2 bath home with over 4,000 square feet! Tons of living space in this house. The main level features formal living and dining rooms, a family room with a fireplace and a spacious kitchen. Kitchen features a breakfast bar and tile counters and backsplash. There is a sunroom off of the family room which offers tons of natural light for the kitchen and family room area. Basement offers a large rec room and an office. Lots of windows and high ceilings throughout the main level.”

The El Paso County Assessor’s office has it valued at $394464.  At the current list price of $272.900, it’s priced below market value.   There are 3 other properties in the area, priced from $365,000 to $654.000.   During the last 6 months, 4 comparable homes in Monument have sold in the same area, ranging from $275,000 to $406,500; averaging $110.00 per square foot.

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

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Not many foreclosed homes in Monument Colorado

Monument Homes, Market breakdown for Active Homes as of 3-31-10

For a FREE list of Colorado Springs Foreclosure Homes, Email KTorline@msn.com

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Homes in Monument continues to see a less bank-owned homes than the rest of El Paso County.

2010 tri lakes pricing

Active homes for sale:  160 in the Monument area:

  • Short sales:  23 (5.3% of the market)
  • Bank-owned:   8 (1.8% of the market)
  • Regular:  404 (92.9% of the market)
  • HUD:  0
  • VA Owned: 0
  • Government Owned:  0

 Here a list of my Top 6 Colorado Springs CO Foreclosures in the Monument area

478075  TRI    17623 Quarry WY   SIF  3,3,2  2006  1,527  1,527  $189,900  18 
643504  TRI    17840 Arrowwood DR   SIF  3,2,1  RAN  1983  1,664  1,664  $223,250  83 
603690  TRI    1586 Piney Hill PT 6  PAT  4,3,2  RAN  2006  3,453  3,488  $295,000  166 
633363  TRI    19990 Chisholm TR   SIF  5,4,3  1992  4,687  4,770  $365,900  88 
492671  TRI    19839 Chisholm TR   SIF  4,4,3  2006  4,238  4,802  $499,900  34 
587924  TRI    4630 Red Rock Ranch DR   SIF  5,7,4  RAN  2008  5,660  6,505  $895,000  58 

This Colorado Springs Real Estate report contains information on homes in Monument area.

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

Woodmoor Homes – Neighborhood Pick of The Week

 My Colorado Springs neighborhood pick of the week — Woodmoor

Search for Homes in Woodmoor in Monument 

Woodmoor is a community that is located in Monument, east of I-25.   The neighborhood is east of I-25, north of Higby Road, south of County Line Road.   It also includes the Woodmoor Golf Club and Lake Woodmoor.IMG_2941.JPG Top

Most of the homes in the area area are included in the Woodmoor Association and the yearly dues are around $200.00.

Single family homes in Woodmoor in Monument currently range in price from $250,000 to $675,000  There are currently 39 houses for sale, and 7 under contract.   The average price per square foot is currently $107.00.

The majority of the houses were built in the 1980’s and range from 2,000 to 7,000 square feet with a 2 car to 4 car garage.    All of the homes were custom built, and most of the homes are Ranches and Raised Ranches, but there are also some 2-storys in the area.   The current average list price for sold homes in 2009 is $379,808 and the average days on market is 180.    Many of the homes have great views of the Front Range and Pikes Peak, and most of them are on .5 to 1 acre wooded lots.

The schools for the area are in District 38. the High School is Lewis Palmer.IMG_2939.JPG Peaceful Pond

Related Articles on Colorado Springs Neighborhoods:

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

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

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Price Per square foot has BIG variances in Colorado Springs

Colorado Springs realestate, pricing per square footage

Pikes Peak

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.

MLS Area Average price per square foot Average Price per FINISHED per square foot Includes These Neighborhoods
Old Colorado City  $      79.39  $   114.99 Crown Mill Mesa and Gold Hills Mesa
Falcon North  $      79.40  $     91.25 Woodmen Hills
SouthEast  $      81.51  $     89.26 Pikes Peak Park, Soaring Eagles
Fountain Valley  $      82.61  $     92.95 Fountain, Security & Widefield
East  $      83.92  $     97.43 Rustic Hills and Village Seven
Peyton  $      85.93  $   103.87  
Central  $      89.67  $   104.20 Old North End, Downtown, and Patty Jewett
Power  $      89.76  $     99.44 Stetson Hills and Ridgeview at Stetson Hills
Black Forest  $      92.76  $   140.90  
Marksheffel  $      93.13  $     98.90 Meridan Ranch and Banning Lewis Ranch
Northeast  $      93.48  $     97.96 Pulpit Rock, Vista Grande
Woodland Park  $      95.67  $   102.82  
Ute Valley  $      96.12  $   112.32 Cascade and Chipeta
Northgate  $    100.65  $   120.12 Gleneagle
Tri-Lakes  $    107.74  $   106.43 Woodmoor, Kings Deer, and Jackson Creek
Briargate  $    109.21  $     99.44 Windjammer, Gatehouse Village, and Pinecreek
Northwest  $    118.31  $   124.64 Mountain Shadows, Rockrimmon
West  $    119.36  $   150.30 Kissing Camels and Pleasant Valley
Manitou  $    121.25  $   159.55 Crystal Hills and Crystal Park
Southwest  $    126.48  $   110.60 Broadmoor area, Stratton Meadows, Cheyenne Meadows

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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First quarter 2010 market report for homes in MONUMENT area

Colorado Spring Real Estate 

Market Report for Tri-Lakes, Single Family Homes 

 Includes Homes in Monument (Kings Deer, Woodmoor, Arrowhead) and Palmer Lake

Search for homes in Monument

Related Articles:

The Monument Real Estate market continues to be a Buyer’s Market, as there is currently a 15 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.   Sales were down 5% from 2009 to 2008, but pricing was only down 3% from 2009 to 2008.  Sales and pricing continues to decrease in 2010.

units sold 2010

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Foreclosure pick of the month for April

Colorado Springs Foreclosure – Pick of the Month for April

Search for Foreclosures and Short Sales in Colorado Springs

Must Read Articles

My foreclosure pick of the week is Monument on 19990 Chisholm in the Woodcrest area of Monument.    It includes over 4500 square feet, with 5 bedrooms, 4 baths, and a 3 car attached garage.  The property was built in 1992;    It is a 2 story, and inclIMG_2771.JPG fireplaceudes a finished basement.

 The Upsides

Nice floor plan with plenty of space.  Stunning fireplace with floor to ceiling brick, an amazing den with lots of wood and built in shelves.   Formal Dining room, gourmet kitchen, open floor plan, plenty of room for a family.  Wonderful wood floors on the main level.

  The Downsides

Could use some updating, especially in the kitchen and bathrooms.  Carpet could also use replaced.  But for a bank-owned property, it’s in really good shape.

The Facts

The description in the MLS says:  5 bedroom, 4 bath, 3 car two-story located in Woodcrest with mountain views! IMG_2776.JPG denCountry kitchen with hardwoods, island and nook, 5-piece master bath, formal living and dining rooms, finished basement. Neutral Colors. Close to schools and I25.”

The El Paso County Assessor’s office has it valued at $478,000.  At the current list price of  $374,000  it’s currently priced below market.     It is currently owned by the Bank of New York and was foreclosed on in January, 2010.   At the current price, it’s at $83.00 a square foot and most of the properties in the Monument area go for close to $110.00 a square foot.

There are 13 other bank-owned properties in area, prices ranging from $237,000 to $995,000 and there 23 short sales in the area.

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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Foreclosure pick of the week

Colorado Springs Foreclosure pick of the weekIMG_1939 palmer outside
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com

My pick of the week is in Palmer Lake on 18710 Cloven Hoof Drive.

 It includes over 1500 square feet, with 2 bedrooms, 1 baths, 2 car carport

The property is hidden back off of the road; and if it’s seclusion you want this is the property for you. Like many foreclosures I preview, this one hasn’t had much updating done to it; as well as it needs some additional TLC.    It reminded me of a tree house; stuck in the woods with trees everyplace.

It’s on a wonderful wooded lot, but you have to drive up a rutted dirt road to find the place. Definitely secluded and hidden.    No garage, but the house is built over a carport; so with some construction expertise you could probably enclose the carport and make it a garage.

IMG_1926 palmer wooded lot

The kitchen cabinets looked very well constructed, as at one time I’m sure they were very nice.  

IMG_1931 palmer wonderful cabinets

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Market Report for Homes in Monument, July 2009

Colorado Spring Real Estate 

Market Report for Tri-Lakes – Single Family Homes,  Includes Monument and Palmer Lake

Search for homes in Monument

Must Read Articles

  • It’s all about the home warranty
  • What are closing costs in real estate?
  • The pictures tell the story
  • The Monument and Palmer Lake housing market continues to be a Buyer’s Market, as there is currently a 14.5 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.   Sales were down 17% from 2008 to 2007, but pricing was only down 10% from 2008 to 2007.  Sales continue to be soft in 2009 and are down 31% from the same period last year.

    tri lakes july 2009

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    10% of homes for sale in Monument are bank-owned or short-sales

    Homes in Colorado Springs

    Market information for Active and Foreclosure Homes in Tri-Lakes As of 7-13-09

    For a FREE list of Foreclosure Homes, Email KTorline@msn.com

    Neighborhoods:  Woodmoor, Kings Deer, Palmer Lake, Walden Reserve, Jackson Creek

    tri-lakes-foreclsoures

    Breakdown of homes for sale, INCLUDING FORECLOSURES

    • Short sales:   32 (6.5%)
    • Bank-owned:    15 (3.0%)
    • Regular:  446 (90.5%)

    Read the rest of this entry »

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    Quick Explanation of Zoning in Colorado Springs and surrounding cities

    Colorado Springs Zoning

    For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com

    I recently had a client ask me about what R-1 Zoning in Colorado Springs.   If one person wants to know, maybe more of you do?  Here’s the most commonly used codes that I see as a Colorado Springs Realtor specializing in residential real estate.

     

    pixoi-natural-light-collection-uid-1507622

      

    PUD Planned Unit Development Colorado Springs COS
    R Estate Single-family Residential Colorado Springs COS
    R-1 6000 Single-family Residential Colorado Springs COS
    R-1 9000 Single-family Residential Colorado Springs COS
    R-2 Two-family Residential Colorado Springs COS
    R-4 Multi-family Residential Colorado Springs COS
    R-5 Multi-family Residential Colorado Springs COS

    If you are looking for even more information about Colorado Springs Zoning, the Colorado Springs web page  gives a very comprehensive descriptions of each category, and here’s a sampling of the explanations.

    R (Estate Residential):  Intended for single‑family dwellings with a minimum lot size of 20,000 square feet.

    • Maximum Lot Coverage: 20%
    • Minimum Lot Width: 100′
    • Minimum Front Yard Setback: 25′
    • Minimum Side Yard Setback: 10′
    • Minimum Rear Yard Setback: 35′
    • Maximum Building Height: 30′

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    Relocating to The Air Force Academy? Here’s some great info to make your move easier.

    Moving to the Air Force Academy?

    For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com

    Are you preparing for a move to the Air Force Academy?  If so, I hope you find these sites air-force-academy-chapelhelpful.  The Academy is celebrating its 50th graduation in May and it continues to educate young men and women for service with The United States Air Force.  The Academy has approximately 4000 cadets and graduates about 1000 per year.

    If you are moving here with your family, there are four housing areas located on the grounds of the Academy.  You can also live off base where there is plenty of housing located in the northern part of Colorado Springs, Monument or Palmer Lake.

    Anyone being transferred to the Academy is assigned a sponsor to make your transition easier, but here is some arrival information that will also help make your move go more smoothly.

    If you have children of school age, they will be attending the award winning District 20 school system, Read the rest of this entry »

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    Colorado Springs Luxury Homes, Foreclosures in Monument

    Luxury Foreclosures
    Neighborhoods:  Homes in Woodmoor, Kings Deer, Palmer Lake, Walden Reserve, Jackson Creek

    Search for Homes in Monument

    tri-lakes-feb

    For a FREE list of Foreclosure Homes, Email KTorline@msn.com 

    Active homes for sale:

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    Monument CO, Sales down 17% in 2007, Pricing down 10%

    Market Report for Tri-Lakes, Single Family Homes
    Includes Monument and Palmer Lake

    Search for Homes in Monument and Palmer Lake The Tri-Lakes housing market continues to be a Buyer’s Market, as there is currently a 13.5 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“.   Sales are down 17% from 2007, but pricing is only down 10%  from 2007.

    Recap of December Activity

    • Homes Sold in the last month:    13

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

      2008 2007 2006 2005 2004
    Number of Homes Sold  383  469  630  675  673
    Average Sale Price  $407,407  $450,756 $434,392 $418,258 $373,323
               
    Sales Price to List Price  96  97.5%  98.2%  98.1%  98.4%
    Average Days on Market  109  107 94  71  67
    Average # of homes sold per month 31.9 39.1 52.5 56.3  56.1

    Read the rest of this entry »

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