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Townhome and condos continue to see pressure on pricing
Why are Colorado Springs condos and townhomes harder to sell than houses or townhomes?
The Colorado Springs housing market for Condos and Townhomes continues to see a decline in pricing and numbers of units sold in 2011. 2010 pricing decreased by 3% from 2009 and 2011 pricing has currently declined by 5% from 2010. There were more units sold in 2010 vs. 2009.
Search for Colorado Springs Condos and Townhomes
Related Articles:
There are 5 main reasons that condos and townhomes are currently harder to sale than a Single Family Home in Colorado Springs
- As foreclosures continue to hit the Colorado Springs home market, buyers are now choosing houses over townhomes since they can get them for about the same price. Read the rest of this entry »
What is the difference between a condo and a townhome
What is the difference between a townhome and a condo?
Search for a Colorado Springs townhome
Related Articles:
- 5 reasons townhomes make an easy transition from apartment life
- New rules make condo buying harder
- Colorado Springs Home — Is a Condo or a Townhome right for you?
- Do you know what your townhome insurance covers?
- FHA loans and Condos — important to know the rules
Let’s start with the explanation of a single family home. The most common type of home in Colorado Springs is a single family
home. These are usually detached structures that have one or two or three levels, a front yard and a backyard. Homeowners in a single family home own the home as well as the land that the property sits on.
A townhouse is similar to a house in that the owner owns both the structure and the land. Each townhome has its own roof, in contrast to condominiums. Townhomes can also come with single-family home amenities like garages and backyards for which owners may or may not be responsible for maintaining. Since townhome owners own the land, this means that townhouses can’t be stacked one on top of the other.
Condominiums are usually also attached to one another. If you own a condo, you do not own the land surrounding your condo. A condo owner owns only the unit itself, which is typically taxed as an individual unit. (The Read the rest of this entry »
Sales are brisk for Colorado Springs townhomes
Colorado Spring Real Estate
Market Report for Colorado Springs Townhomes & Condominiums
Search for Colorado Springs Townhomes and Condominiums
Townhomes and Condos in Colorado Springs 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 typically considered a “NEUTRAL MARKET“.
- Number of Townhomes and Condos in Colorado Springs sold were only down 1% from 2009 in 2008, but are down substantially from 2006, when 1767 townhomes/condos were sold.
- Average pricing continues to see downward pressure, currently down 7% from 2009 to 2008. 2009 pricing is down 15% from the high in 2006.
- 2010 continues to see more pressure on pricing but units sold is increasing in 2010. The average price in 2010 is currently down 3% from 2009.
Recap of 2010, 2009, 2008, 2007, 2006, 2005, and 2004
|
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
| Active |
721 |
|
|||||
| Number of Homes Sold |
1048 |
1056 |
1062 |
1423 |
1767 |
1731 |
1548 |
| Average Sale Price |
$144,100 |
$147,805 |
$158,272 |
$173,372 |
$166,335 |
$152,901 |
$148,947 |
| Average # of house sold per month |
95.3 |
88 |
88.5 |
118.6 |
147.3 |
144 |
129 |
This Colorado Springs Real Estate report contains information on Townhomes and Condomiums in the Colorado Springs Area
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
Townhomes and Condomiums continue to see downward pressure on pricing
Market Report for Condominium and Townhomes in Colorado Springs
Search for Colorado Springs Townhomes and Condominiums
Related Articles:
- Colorado Springs Home — Is a Condo or a Townhome right for you?
- Do you know what your townhome insurance covers?
- Have townhome prices bottomed out?
- FHA loans and Condos — important to know the rules
Townhomes and Condos in Colorado Springs continue to be a BUYERS Market, as there is currently a 9 month of supply of townhomes and condomiums on the market. A 6 month supply of houses on the market is typically considered a “NEUTRAL MARKET“.
- Number of Townhomes and Condos in Colorado Springs sold are only down 1% from 2009 in 2008, but are down substantially from 2006, when 1767 townhomes/condos were sold.
- Average pricing continues to see downward pressure, currently down 7% from 2009 to 2008. 2009 pricing is down 15% from the high in 2006.
- 2010 continues to see more pressure on pricing but units sold is increasing in 2010.
Have townhome prices bottomed out?
Colorado Spring Real Estate
Market Report for Colorado Springs Townhomes & Condominiums as of March 31, 2010
Search for Colorado Springs Townhomes and Condominiums
Related Articles:
- 5 reasons townhomes make an easy transition from apartment life
- New rules make condo buying harder
- Colorado Springs Home — Is a Condo or a Townhome right for you?
- Do you know what your townhome insurance covers?
Townhomes and Condos in Colorado Springs continue to be a BUYERS Market, as there is currently an 11 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 Townhomes and Condos in Colorado Springs sold are only down 1% from 2009 in 2008, but are down substantially from 2006, when 1767 townhomes/condos were sold.
- Average pricing continues to see downward pressure, currently down 7% from 2009 to 2008. 2009 pricing is down 15% from the high in 2006. 2010 pricing has continued the downward trend, and is currently down 9% from 2009. 2009 pricing for Colorado Springs townhomes and condos is down 23% from the high in 2006.
This Colorado Springs Real Estate report contains information on Townhomes and Condomiums in the Colorado Springs Area
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
Condomium and Townhome pricing continues to see downward pressure
Colorado Spring Real Estate
Market Report for Colorado Springs Townhomes & Condominiums
Search for Townhomes and Condominiums
Related Articles:
- 5 reasons townhomes make an easy transition from apartment life
- New rules make condo buying harder
- Colorado Springs Home — Is a Condo or a Townhome right for you?
- Do you know what your townhome insurance covers?
Townhomes and Condos in Colorado Springs 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 Townhomes and Condos in Colorado Springs sold are only down 1% from 2009 in 2008, but are down substantially from 2006, when 1767 townhomes/condos were sold.
- Average pricing continues to see downward pressure, currently down 7% from 2009 to 2008. 2009 pricing is down 15% from the high in 2006.
Colorado Springs townhomes, pricing continues to decline
Colorado Springs Townhomes and Condos
Related Articles
Sales continue to be brisk in 2009, and it looks like they will end the year higher in 2009 than 2008. But pricing has continued to see downward pressure.
Colorado Springs townhomes currently have 9 months of inventory on the market
Colorado Springs Townhomes
Search for Townhomes in Colorado Springs
Average townhome SOLD pricing in 2009 is very similar to SOLD pricing in 2005
Must Read Articles
Colorado Springs townhome and condo sales continue to be slow, down 28% for the year
Colorado Springs Townhomes and Condos
Must Read Article: Townhome bargains in Colorado Springs
Search for Townhomes and condos in Colorado Springs
The Colorado Springs townhome and condo market continue to be a BUYERS Market, as there is currently a 11.6 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. 427 townhomes/condos have been sold in 2009 vs. 579 for the same period in 2008; a decline of 28%.
Current Market Read the rest of this entry »
Colorado Springs Townhome condo market report for April 2009
Colorado Springs Townhomes and Condos
Must Read Article: Townhome bargains in Colorado Springs
Search for Townhomes and condos in Colorado Springs
The Colorado Springs townhome and condo market continue to be a BUYERS Market, as there is currently a 12.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.
| 1-1-2009 to 4-30-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of TownHomes Sold | 276 | 1062 | 1423 | 1767 | 1731 | 1548 |
| Average Sale Price | $136,802 | $158,272 | $173,372 | $166,335 | $152,901 | $148,947 |
| Average Days on Market | 121 | 104 | 98 | 92 | 75 | 70 |
| Total Active | 853 | 775 | 888 | 882 | 650 | 625 |
| Average # of townhouses sold per month | 69 | 64.5 | 74 | 73.5 | 54 | 52 |
Current Market Activity as of 4-30-09
- Active: 853
- Under Contract and Pending: 197
- Absorption Rate: 69 townhomes per month, a 12.3 month supply of townhouses currently on the market
This Colorado Springs Real Estate report contains information on Condo/Townhomes
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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Must Read Posts:
- Buying a home in Colorado – what you should know about making an offer
- How does days on market affect home prices in Colorado Springs?
- Manitou Springs is still a Buyer’s market for homes
- First Quarter 2009 Market report for homes in Northwest Colorado Springs
To find out more information about selling or buying a townhome or condo in Colorado Springs and Manitou Springs
Call Kathy (719-287-1049) or Nancy (719-659-4380)
Ktorline@msn.com or Nancy.shakeshaftslack@gmail.com
Townhome pricing continues to decline in Colorado Springs
Colorado Springs Townhomes and Condos
Must Read Article: Townhome bargains in Colorado Springs
Search for Townhomes and condos in Colorado Springs
The Colorado Springs townhome and condo market continue to be a BUYERS Market, as there is currently an 13 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.
More townhome bargains – Part II
My favorite townhome/condos in northwest Colorado Springs
Related Article: Townhome bargains in Colorado Springs
Search for Townhomes and condos in Colorado Springs
This is a continuation of an article I recently posted about my favorite townhomes and condos in Northwest Colorado Springs. There are some very attractive deals in the townhome/condo market; as they seem to have been hit even harder on pricing than single family homes. Here’s some more of my favorite properties I’ve recently previewed.
Condominimus in RavenCrest in Northwest Colorado Springs: Wonderful complex off of West Woodmen Road; very 
close to I-25. There are currently a couple of 1 bedroom 1 bath units on the market for less than $75,000; and a 2 bedroom 2 bath units that is bank-owned for less than $110,000. There also is a HUD repo for sale that is listed as under contract which is a 2 bedroom 2 bath unit priced under $75,000. Not very long ago the 2 bedroom 2 bath units were going for over $130,000. Included with the great location, the units are in the District 20 school district and include an outdoor swimming pool and a club house; although none of them includes garages, just carport spaces.
Arbours at Mountain Shadows: One of my favorite complexes in northwest Colorado Springs, again close to Garden of the Gods and I-25; easy access. Most units have an over-sized attached 1 car garages with direct access to the living area; perfect for the security minded homeowners and are close to Ute Valley Park and Garden of the Gods. Very well maintained complex with an outdoor pool, clubhouse, and a hot tub. There are 4 units currently for sale ranging from $125,000 to $170,000 and the HOA’s are less than $200.00 a month.
5 reasons townhomes make an easy transition from apartment life
Interested in buying a townhome or a condo?
Search for TownHomes in Colorado Springs
Low interest rates, great prices, and new tax credits have many apartment dwellers considering making a their first home purchase. But some buyers are on the fence; they may not like the idea of cutting the grass every summer weekend or shoveling a driveway before going to work on a Colorado Springs winter day. 
They may want to consider a townhome, where they can receive the tax benefits of home ownership but retain some of the worry free aspects of apartment life!
In Colorado Springs, there are a wide range of condos and townhomes to choose from. There are some starting as low as $55,000 and going as high as $3,000,000 for a luxury condo located in the Broadmoor Hotel. If you would like to receive a hand-picked list of some of our favorite complexes in the area, email us. KTorline@msn.com
Here are five reasons that a townhouse or a condo might be the perfect first home:
- No Yardwork! In most cases the association is responsible for cutting the grass , trimming the trees, and removing the snow. Read the rest of this entry »
5 things to know about buying foreclosures
Do you want to find real estate bargains?
Search for Foreclosed Homes in Colorado Springs
If so, you are probably going to look at vacant properties t
hat have gone through the foreclosure process.
There are a fair amount of homes in the Colorado Springs area that are now REO’s, (bank-owned) and are vacant; they seem to be everywhere. My experience with showing homes in the Colorado Springs area has been that at least 80% of these homes are NOT in good shape; but they are typically priced appropriately for their condition.
Here are some pointers for Homes buyers in Colorado Springs considering buying a home that’s bank-owned and vacant:
- Have your Colorado Springs Realtor seek out information on a home’s former owners. The bank won’t Read the rest of this entry »
Manage your most valuable asset! Part I
Colorado Springs Vintage Homes is happy to feature a great article
on Managing Your Credit Score
Anza Goodbar, President of Clearview Mortgage 
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
In today’s tumultuous market, your most valuable asset is your tri-merged credit or FICO score. Your credit report is the primary tool potential lenders will use to rate your credit worthiness or Risk Factor. There are three primary credit reporting agencies: TransUnion, Equifax and Experian. Credit scores may vary as all creditors do not necessarily report to each agency.
Each credit report is comprised of 5 weighted components:
- Payment History 35%
- Amount Owed 30% Read the rest of this entry »
Colorado Springs Homes, August Market Report for Condo/TownHomes
Colorado Real Estate, Recap of August 2008 Activity
Condo/TownHomes
Search for townhomes and condos in Colorado Springs
Related post: Nightmare for new home owners — liens filed against property
Condo/TownHomes Sold in the last month: 97 (32.2% decline from 2007)
-
Condo/TownHomes Sold in August 2007: 143
Average Sales Price: Read the rest of this entry »
Homeowners Association under siege by foreclosures
Buying a property in Colorado Springs?
Search for TownHomes in Colorado Springs
Do your homework on the Homeowners Association
Must Read Posts:
- It’s against the law
- Who is Representing YOU?
- Colorado Springs Home — Is a Condo or a Townhome right for you?
About one in six Americans currently live in a community run by a condo or homeowners association. With the recent increase in foreclosures, some homeowners associations are running out of cash. HOA’s are like miniature governments that depend on revenue to finance upkeep of common areas, community pools, tennis courts and private roads.
Before a property goes into foreclosure, many owners stop paying their monthly HOA dues. In fact, HOA fees are generally among the first bills struggling homeowners quit paying. If they can’t afford their mortgage, then they aren’t going to pay their HOA fees. Adding to the problem Read the rest of this entry »
Colorado Springs Home — Is a Condo or a Townhome right for you?
Search for TownHomes or Condos in Colorado Springs
What are the advantages of owning a condo or a townhome?
Must Read Posts:
- It’s against the law
- Who is Representing YOU?
- Shop for a Lender like you shop for a house
- Research who you are working with
- 8 biggest mistakes made by home buyers
There are many advantages of owning a condo or a townhome, one of which are the amenities that may be part of the complex such as a pool, hot tub, sauna, fitness center or clubhouse. These are some of the perks you
might not be able to afford or even have room for if you were to purchase a single-family home.
What are the disadvantages?
Of course, as with all things, there are some disadvantages to owning a condominium or a townhome, such as the lack of privacy that a single-family detached home affords. You are also confined to the Read the rest of this entry »
