Colorado Springs Vintage Homes Blog
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Townhome sales in Colorado Springs are still seeing downward pressure on pricing
Colorado Spring Real Estate
Colorado Springs Housing Market Report for Colorado Springs Townhomes & Condominiums
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?
- Have townhome prices bottomed out?
- FHA loans and Condos — important to know the rules
Townhomes and Condos in Colorado Springs continues to be a BUYERS Market, as there is currently a 8.6 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 up 8% from 2010 in 2009, but are down substantially from 2006, when 1767 townhomes/condos were sold.
- Average pricing continues to see downward pressure, currently down 3% from 2010 to 2009. 2009 pricing is down 15% from the high in 2006.
Recap of 2011, 2010, 2009, 2008, 2007, 2006, 2005, and 2004
|
2011 Year to date |
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
| Active |
622 |
|
||||||
| Number of Homes Sold |
144 |
1143 |
1056 |
1062 |
1423 |
1767 |
1731 |
1548 |
| Average Sale Price |
$133,312 |
$143,412 |
$147,805 |
$158,272 |
$173,372 |
$166,335 |
$152,901 |
$148,947 |
| Average # of house sold per month |
72 |
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.
If you enjoyed reading this article, why not Subscribe to be notified of the next one?
Kathy (719-287-1049) KTorline@msn.com
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.
Colorado Springs townhome pricing continues to decline
Colorado Spring Real Estate
Market Report for Townhomes & Condominiums
Search for Colorado Springs Townhomes and Condominiums
Related Articles:
Townhomes and Condos in Colorado Springs continue to be a BUYERS Market, as there is currently a 8.6 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 continues to see more pressure on pricing but units sold is increasing in 2010
Recap of 2010, 2009, 2008, 2007, 2006, 2005, and 2004
|
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
| Active |
856 |
|
|||||
| Number of Homes Sold |
790 |
1056 |
1062 |
1423 |
1767 |
1731 |
1548 |
| Average Sale Price |
$144,455 |
$147,805 |
$158,272 |
$173,372 |
$166,335 |
$152,901 |
$148,947 |
| Average # of house sold per month |
98.8 |
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.
If you enjoyed reading this article, why not Subscribe to be notified of the next one?
Kathy (719-287-1049) KTorline@msn.com
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.
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.
July 2009 Market Report for Homes in Southwest Colorado Springs
Colorado Spring Real Estate
Market Report for Southwest, Single Family Homes
Search for Homes for Sale in Southwest Colorado Springs
Includes Homes in the Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge
The Southwest housing market continues to be a BUYERS Market, as there is currently a 9.7 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. 2008 Sales units were down 25% from 2007, but 2008 pricing was only down 10% from 2007. 303 Single family homes have been sold in 2009 vs. 325 for the same period in 2008 a decline of 22%.
Townhome market in Colorado Springs is finally starting to pick up
Colorado Springs Townhomes and Condos – June 2009 Market Report
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 8.7 month of supply of homes on the market. Read the rest of this entry »
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.
If you enjoyed reading this article, why not Subscribe to be notified of the next one?
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.
