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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

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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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Manitou Springs Real estate is continuing to stabilize

Manitou Springs Real Estate, Single Family Homes

 Search for homes in Manitou Springs

Related Article:  Northwest Homes are seeing an increase in pricing

The Manitou Springs housing 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 only down 11% from 2009 to 2008, but average pricing was down 12% from 2009 to 2008. Sales have continued to increase in 2010, and pricing has continued to increase.

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

  2010 2009 2008 2007 2006 2005 2004
Number of Homes Sold 36 51 62 63 90 80 82
Average List Price $296,333 $288,154 $292,931 $326,757 $290,533 $269,743 $254,814
Average Days on Market 158 100 101 105 97 97 61
Average # of house sold per month 4.5 4.3 5.2 5.3  7.5 6.7  6.8

Current Report as of 9-5-2010 in Manitou Springs  

  • Active listings:    59
  • Absorption Rate:  4.5 homes per month, a 13 month supply of houses currently on the market.  

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

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 Homes and Manitou Springs Real Estate, Call ……
Kathy (719-287-1049)   KTorline@msn.com

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Manitou Springs pricing holds strong

Manitou Springs Real Estate  – Single Family Homes – Market Report for October 31, 2009

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The Manitou Springs Springs housing 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 only 1% from 2008 to 2007, but average pricing was down 10% from 2008 to 2007.    Sales have continued to decline in 2009, but pricing has increased.

Pricing 

Manitou Days on Market 

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Manitou Springs home sales are down 25% for 2009

Manitou Springs Real Estate 

Single Family Homes

Search for Homes in Manitou Springs

Related Article:   Homes in Crystal Hills, hidden gems

The Manitou Springs Springs housing market continues to be a Buyer’s Market, as there is currently a 18 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.  Sales were only down 1% from 2008 to 2007, but average pricing was down 10% from 2008 to 2007.  35 Single family homes have been sold in 2009 vs. 44 for the same period in 2008; a decline of 25%. 

manitou springs july 2009

Recap of 2009, 2008, 2007, 2006, 2005, and 2004 Read the rest of this entry »

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Homes in Crystal Hills, hidden gems

My neighborhood pick of the week– Crystal Hills in Manitou Springs

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Crystal Hills is a community that is tucked away in Manitou Springs and contains mostly semi custom and custom homes built in the foothills of Colorado Springs.

IMG_1587 crystal hills sign

 To get to Crystal Hills homes from I-25, turn west onto Colorado Blvd. which turns into Manitou Blvd.    Turn south on Crystal Hills Blvd. (by the Comfort Inn at 45 Manitou Avenue). 

Single family homes in Crystal Hills currently range in price from $275,000 to $500,000.

IMG_1594 cathy outside shot

The majority of the houses Read the rest of this entry »

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Housing market in West Colorado Springs staying strong

Colorado Spring Real Estate  – West Area

Market Report – Single Family Homes

 Includes  Homes in Pleasant Valley and Kissing Camels

Search for Homes in West Colorado Springs 

The West housing market continues to be a BUYERS Market, as there is currently an 9.25 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“.   Sales units are ONLY down 1% from 2008 to 2007, but pricing is down more than16% from 2008 to 2007.   120 Single family homes have been sold in 2009 vs. 124 for the same period in 2008; a decline of 3%.

west-market-report

Current Report Read the rest of this entry »

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Manitou Springs is still a Buyer’s market for homes

Manitou Springs  Real Estate 

Single Family Homes

Search for Homes in Manitou Springs

The Manitou Springs Springs housing 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 are only down 1% from 2008 to 2007, but average pricing is down 10% from 2008 to 2007.

 manitou-springs-2009-vs-2004

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

  1-1-2009 to 3-31-09 2008 2007 2006 2005 2004
Number of Homes Sold 6  62  63 90 80  82
Average Sale Price $222,583 $288,634 $331,214 $293,955 $268,868 $251,372
Sales Price to List Price 92.2%  95.3% 94.9%  96.3%  97%  97.1%
Average Days on Market 244  138 133  101  99  70
Average # of house sold per month 2  5.2 5.3 7.5 6.7 6.8

Current Report as of 4-10-09 in Manitou Springs Read the rest of this entry »

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Colorado Springs Home Listings — Foreclosures for sale in West Colorado Springs March 15th

Homes in Colorado Springs

Market information for Active and Foreclosure Homes in West Colorado Springs As of 3-14-09

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

west-3-14-09

Neighborhoods:  Homes in Kissing Camels, Cedar Heights, Mesa, Chelsea Glen, Pleasant Valley, Holland Park

Active Homes for Sale as of   3-14-09:  220

  • Single Family Homes:  137 (62%)
  • Condos/Townhomes/Patio Homes:  83 (38%)

Breakdown of homes for sale, INCLUDING FORECLOSURES, as of 3-14-09 Read the rest of this entry »

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Manitou Springs Homes, pricing down 10% from 2007

Manitou Springs Homes

2008 Market Report

Search for Homes in Manitou Springs

Single Family Homes in the Manitou Springs continues to be in a Buyer’s 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“.  Sales are only down 1% from 2007, but average pricing is down 10% from 2007.

Recap of December Activity

  • Homes Sold in the last month:     4

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

  2008 2007 2006 2005 2004
Number of Homes Sold  62  63 90 80  82
Average Sale Price  $292,931  $326,267 $290,533 $269,743 $254,814
Sales Price to List Price   95.3% 94.9%  96.3%  97%  97.1%
Average Days on Market  109  105  79  82  61
Average # of house sold per month  5.2  5.3  7.5 6.7  6.8

Current Report Read the rest of this entry »

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Adam’s Mountain Cafe in Manitou Springs, a MUST for any visit to Manitou

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The other day, Kathy and I decided to go to Manitou Springs for some much needed R & R.  While we were soaking in the scenery and taking pictures of the building and mineral water locations, we decided to stop in at Adam’s Mountain Cafe, located in the historic spa building, for lunch.    Four mineral springs are within 50 yards of the café include the Cheyenne, the Navajo, the Wheeler and the soon to be operating Soda Spring.

Located in the heart of Manitou Springs, its definitely a favorite of the locals in both Colorado Springs and Manitou Springs.   Its quirky decor of eclectic tables and chairs around floor to ceiling windows offers an unbelievable view.  Its menu is Read the rest of this entry »

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Avoid Foreclosure, Know Your Options!

Do you own a home in Colorado Springs?

Interested in selling your house as a short-sale?  Email Kathy Torline  KTorline@msn.com or call 719-287-1049

Ask for help before foreclosure starts — don’t stick your heard in the sand!

Short Sales — Part II of Short Sale Series 

When many homeowners are in financial trouble and not making their house payments, they go into denial.  They are embarrassed, and they hope that the situation will go away.   The problems usually won’t solve themselves.   The fact is that the sooner a home owner faces up to the situation the better.  There are option out there!

I typically meet pre-foreclosure homeowners after they’ve already missed several payments and they’ve heard something about short-sales.  Maybe it’s been from a friend, maybe from the news, or maybe from their lender.   

One of the first steps I do is to refer them to some of the local and national hot-lines that are now available to help home owners.  I want to make sure they are as educated as possible about their options before they decide to list their home as a short-sale.   I also Read the rest of this entry »

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Homes in Manitou Springs, September Market Report

Homes in  Manitou Springs
Market breakdown for Active Homes as of 10-8-08

Search for Homes in Manitou Springs

Neighborhoods:  Crystal Hills, Crystal Park

Active as of  10-8-08:  76  

  • Single Family Homes:  56 (74%)  
  • Condos/Townhomes/Patio Homes:  20 (26%)

Breakdown Read the rest of this entry »

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