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Manitou Springs home pricing continues to decline
Homes in Crystal Hills are in Manitou Springs
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Zip Code: 80929
The Crystal Hills housing market continues to be a BUYERS 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“.
Single Family Homes in Crystal Hills were primarily built from 1965 to 2006 with an average age built of 1984. The majority of the houses are 2-stories, ranches, and raised ranches, with 2-4 baths, with 2-3 car garages. The average home has appx. 2000 to 3000 square footage.
You can reach the neighborhood by going West on Manitou Blvd, South on Crystal Hills Dr, South on Crystal Hills under Highway 24, then up the hill to Crystal Hills.
There are also several townhome complexes in the area including; Cielito Lindo which are priced from $365,000 – $625,000; and Crystal Park which are priced from $97,500 to $160,000.
The Manitou Parks in the area include Bill Bauers and Deer Valley Nature Park. The school District is District 14.
Here’s a quick summary of the 2011 Real Estate Market for Crystal Hills
- Pricing decreased by 11% from 2011 to 2010.
- Number of holds sold decreased by 15% from 2011 to 2010.
- Days on Market increased by 2% from 2011 to 2010.
- Price per FINISHED square feet decreased by 13% from 2011 to 2010.
- Price per TOTAL square feet decreased by 17% from 2011 to 2010.
- The pricing for homes in Crystal Hills in Manitou Springs is 19% above the average and pricing in Manitou is 24% above the average pricing for homes in Colorado Springs
|
Year |
Price |
Total Sold |
Average Price per FINISHED square foot |
Average Days on Market |
Average Sold Per Month |
| 2011 |
$291,157 |
14 |
$119 |
123 |
1.1 |
| 2010 |
$321,712 |
16 |
$135 |
121 |
1.3 |
| 2009 |
$356,283 |
19 |
$131 |
138 |
1.6 |
| 2008 |
$344,872 |
22 |
$137 |
156 |
1.9 |
| 2007 |
$310,893 |
17 |
$146 |
123 |
1.4 |
| 2006 |
$351,579 |
24 |
$145 |
73 |
2.0 |
| 2005 |
$297,923 |
17 |
$130 |
95 |
1.4 |
| 2004 |
$299,000 |
13 |
$121 |
34 |
1.1 |
This Colorado Springs Real Estate report contains information on Single Family dwellings in Manitou Springs area of 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
Neighborhood Pick of the Week: Homes in Crystal Hills in Manitou Springs
Homes in Crystal Hills are in Manitou Springs
Search for Homes in Crystal Hills
Search for Homes in Manitou Springs
Zip Code 80929
- Manitou Springs housing sales are up in 2010
Related Articles:
The Crystal Hills housing market continues to be a BUYERS 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“.
Single Family Homes in Crystal Hills were primarily built from 1965 to 2006 with an average age built of 1984. The majority of the houses are 2-stories, ranches, and raised ranches, with 2-4 baths, with 2-3 car garages. The average home has appx. 2000 to 3000 square footage.
You can reach the neighborhood by going West on Manitou Blvd, South on Crystal Hills Dr, South on Crystal Hills under Highway 24, then up the hill to Crystal Hills.
There are also several townhome complexes in the area including; Cielito Lindo which are priced from $365,000 – $625,000; and Crystal Park which are priced from $97,500 to $160,000.
The Manitou Parks in the area include Bill Bauers and Deer Valley Nature Park. The school District is District 14.
Here’s a quick summary of the 2010 Real Estate Market for Crystal Hills
- Pricing decreased by 7% from 2010 to 2009
- Number of homes sold decreased by 13% from 2010 to 2009
- Days on Market decreased by 12% from 2010 to 2009
- Price per FINISHED square feet decreased by 5% from 2010 to 2009.
|
Year |
Price |
Total Sold |
Average Price per FINISHED square foot |
Average Days on Market |
Average Sold Per Month |
| 2010 |
$371,712 |
15 |
$125 |
121 |
1.3 |
| 2009 |
$356,283 |
19 |
$131 |
138 |
1.6 |
| 2008 |
$344,872 |
22 |
$137 |
156 |
1.9 |
| 2007 |
$310,893 |
17 |
$146 |
123 |
1.4 |
| 2006 |
$351,579 |
24 |
$145 |
73 |
2.0 |
| 2005 |
$297,923 |
17 |
$130 |
95 |
1.4 |
| 2004 |
$299,000 |
13 |
$121 |
34 |
1.1 |
This Colorado Springs Real Estate report contains information on Single Family dwellings in Manitou Springs area of Colorado Springs
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
Manitou Springs housing sales are up in 2010
Manitou Spring Real Estate , Single Family Homes
Search for homes in Manitou Springs
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The Manitou Springs housing market continues to be a Buyer’s Market, as there is currently a 6.8 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 in 2010, but pricing decreased by 1% in 2010.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 58 | 51 | 62 | 63 | 90 | 80 | 82 |
| Average List Price | $284,938 | $288,154 | $292,931 | $326,757 | $290,533 | $269,743 | $254,814 |
| Average Days on Market | 123 | 100 | 101 | 105 | 97 | 97 | 61 |
| Average # of house sold per month | 4.8 | 4.3 | 5.2 | 5.3 | 7.5 | 6.7 | 6.8 |
Current Report as of 1-11-2011 in Manitou Springs
- Active listings: 33
- Absorption Rate: 4.8 homes per month, a 6.8 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.
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
Crystal Hills in Manitou Springs, Neighborhood Market Report
Homes in Crystal Hills are in Manitou Springs
Search for Homes in Crystal Hills, Search for Homes in Manitou Springs
The Crystal Hills housing market 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 considered a “NEUTRAL MARKET“. Sales units were down 13% from 2009 to 2008, but pricing was up 3% from 2009 to 2008. Pricing and sales have continued to decline in 2010.
Single Family Homes in Crystal Hills were primarily built from 1965 to 2006 with an average age built of 1984. The majority of the houses are 2-stories, ranches, and raised ranches, with 2-4 baths, with 2-3 car garages. The average home has appx. 2000 to 3000 square footage. The current average price per square foot is $127.00.
You can reach the neighborhood by going West on Manitou Blvd, South on Crystal Hills Dr, South on Crystal Hills under Highway 24, then up the hill to Crystal Hills.
There are Read the rest of this entry »
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.
If you enjoyed reading this article, why not Subscribe to be notified of the next one?
Kathy (719-287-1049) KTorline@msn.com
Manitou Springs homes, Market report as of June 30, 2010
Manitou Spring Real Estate , Single Family Homes
Search for Homes in Manitou Springs
Zip Codes: 80829
The Manitou Springs homes continues to be a Buyer’s Market, as there is currently a 14 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, but pricing has continued to decrease.
Recap of 2010, 2009, 2008, 2007, 2006, 2005, and 2004
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold |
29 |
51 |
62 |
63 |
90 |
80 |
82 |
| Average List Price |
$269,434 |
$288,154 |
$292,931 |
$326,757 |
$290,533 |
$269,743 |
$254,814 |
| Average Days on Market |
120 |
100 |
101 |
105 |
97 |
97 |
61 |
| Average # of house sold per month |
4.8
|
4.3 |
5.2 |
5.3
|
7.5 |
6.7
|
6.8 |
Current Report as of 6-30-2010 for Manitou Springs homes
- Active listings: 68
- Absorption Rate: 4.8 homes per month, an 14 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.
Price Per square foot has BIG variances in Colorado Springs
Colorado Springs realestate, pricing per square footage
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?
Kathy (719-287-1049) KTorline@msn.com
Manitou Springs Housing Market Report, 2009
Housing Market Report for Manitou Springs, Single Family Homes
Includes Homes in Crystal Hills
Homes in Manitou Springs continue to be a Buyers Market, as there is currently a 10.1 months 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 Manitou Springs sold are down by 18% in 2009 vs. 2008. When comparing the high of 90 homes sold in 2006, unit sales are down by 43%.
- Average pricing continues to see downward pressure, currently down 2% from 2009 to 2008. Pricing is actually down 32% from the high of $326,257 in 2007.
Read the rest of this entry »
The numbers show the Colorado real estate market is improving
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Explanation of Days on Market
One of the many ways all Realtors judge their local real estate market is by the Days on Market. If properties are selling quickly, the market is heating up. If homes take a long time to sell, the market is slow.
Let’s first start with some definitions: Days on Market (DOM) in real estate is defined as the number of days a property has been on an Active status in the Multiple Listing Service. The average days on market for single family homes in Colorado Springs for the last quarter ending September 2009 is currently 77 days. For Condos and townhomes it is 97 days.
But an important thing to remember is this number varies on a neighborhood-by-neighborhood and it also varies by different price categories. As an example:
- Briargate Days on Market: 80 (vs. 99 in 2008)
- Central Days on Market: 64 (vs. 79 in 2008)
- Manitou Springs Days on Market: 75 (vs. 124 in 2008) Read the rest of this entry »
Where are the houses selling in Colorado Springs?
Colorado Springs Real Estate — Market Update
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In Real Estate, Realtors often use a term called Absorption Rate. It is an easy equation which takes the current inventory of houses for sale, divided by the the average number of houses sold per month. The result of this equation is called the Absorption Rate, the lower the rate typically equates to properties selling faster. The Absorption Rate lets you know how well the market is absorbing the current inventory of listings.
Less than 6 months of inventory on the market is considered a seller’s market. Hence, per the chart below, Read the rest of this entry »
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%.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004 Read the rest of this entry »
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.
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.
The majority of the houses Read the rest of this entry »
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.
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 »
Bargains are out there
Colorado Springs has a foreclosure problem — but it’s not as bad as the newspapers would make you think
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com
In the past two years, Colorado Springs and surrounding communities have seen a record number of foreclosure filings: in El Paso County there were 4,602 in 2008, and 3,556 in 2007. Those numbers may seem high, but in 1988 (over 20 years ago), it reached a high of 3,476 and the population was probably half of what it is now. Year-to-date, according to the Public Trustee’s web site, there have been 522 foreclosures; an average of 174 foreclosures a month.
As a result, it’s a great time for buyers and investors in Colorado Springs and anyone relocating to Colorado Springs to find some bargain opportunities in foreclosed homes. Many people that may not have been able to buy before, now have a better selection of homes in the lower end price category.
A
s I’ve been setting up some automatic property searches from the local MLS database for some buyers I’m working with, it made me think on how much the market has changed. A couple of years ago, it was almost impossible for a buyer to find a habitable home in Colorado Springs for less than $150,000; and there was very little under $100,000. So of course, I thought I’d research some numbers and see what the statistics showed. Sure enough, in 2008 there was almost twice as many single family homes under $100,000 that sold than the year before.
Here’s some foreclosure facts
A foreclosure is a legal action that a lender(s) takes against a homeowner who miss several mortgage payments. Read the rest of this entry »
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 »
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 »
Homes in Manitou Springs, November Market Report
Manitou Springs Homes – November 2008 Market Report
Search for Homes in Manitou Springs
Recap of November Activity
- Homes Sold in the last month: 3
Recap of 1-1-08 to 11-30-08 Activity in Manitou Springs
- Homes Sold in the last eleven months: 71
Current Report as of 12-25-08 in Manitou Springs
- Active listings: 62
- Under Contract and Pending: 3
- Absorption Rate: 6.45 homes per month, a 9.5 month supply of houses currently on the market. It’s currently a BUYERS MARKET in Manitou Springs Read the rest of this entry »
Colorado Springs Homes, September Market Report for Single Family Homes
Market Report for September 2008, Single Family Homes
Get a Free Market Analysis on your Home, Email KTorline@msn.com or call 719-287-1049
Homes Sold in September 2008: 1,315 (5.4% decline from 2007) 
- Homes Sold in September 2007: 1,390
Average Sales Price: $239,385 (6.2% decline from 2007)
- Average Sale Price in 2007 $255,330
Total Active: 6,030 (10.9% decline from 2007)
- Total Active in 2007: 6,767
Sales Price vs. List Price: 96.8%
Average Days on Market: 90 Read the rest of this entry »
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 »
Manitou Springs Homes, Market Report
Market Report for Manitou Springs
ONLY Includes Single Family Homes
Manitou Springs Homes are:
- Located in District 14 schools
- 20 – 25 minutes from Fort Carson
- 15 minutes from Pikes Peak Community College
- 20 – 25 Minutes from the Colorado Springs Airport
- 15 – 20 Minutes from Citadel Shopping Mall Read the rest of this entry »
