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Pinecliff Homes, Northwest Colorado Springs
Homes in Pinecliff are in the Northwest Area in Colorado Springs
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The Pinecliff housing market continues to be a Sellers Market, as there is currently a 9 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 43% from 2009 to 2008, AND pricing was up 6% from 2009 to 2008. Pricing is continuing to decline in 2010.
Single Family Homes in Pinecliff in Colorado Springs were primarily built from 1972 to 2001, with an average age built in the 1980’s. The majority of the houses are 2-stories, ranches, bi-levels, 2-4 baths, with 1 – 3 car garages, both attached and detached. The average home has appx. 2500 to 3500 square footage.
The area is located in Northwest Colorado Springs, Exit 146 (Garden of the Gods) go West, first Right on Rusina, Left on Elkton, right on point of the Pines.
There are several parks in the Pinecliff area, including PineCliff Park. The school District is District 12; and the majority of students go to Rockrimmon Grade School, Eagleview Junior High and Air Academy High School.
There are also several townhome complexes in the area, Pinecliff and Pebblewood; prices range from $150,000 to $170,000.
|
Pinecliff |
|||||
| Year |
Price |
Total Sold |
Average Price per sq foot |
Average Days on Market |
Average Sold Per Month |
| 2010 |
$330,262 |
8 |
$99 |
218 |
1.1 |
| 2009 |
$345,592 |
14 |
$122 |
119 |
1.2 |
| 2008 |
$323,405 |
20 |
$114 |
150 |
1.7 |
| 2007 |
$368,016 |
32 |
$125 |
96 |
2.7 |
| 2006 |
$286,745 |
23 |
$114 |
72 |
1.9 |
| 2005 |
$287,490 |
38 |
$117 |
85 |
3.1 |
| 2004 |
$312,958 |
37 |
$116 |
71 |
3.1 |
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Kathy (719-287-1049) KTorline@msn.com
Northwest Colorado Springs home sales remain strong
Colorado Spring Real Estate – Market Report for Northwest
Single Family Homes
Search for Homes in NorthWest Colorado Springs
The Northwest housing market continues to be a BUYERS Market, as there is currently a 8.4 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “BUYER’S MARKET“. Sales were down 15% from 2008 to 2007, but average pricing was ONLY down 6.5% from 2008 to 2007. 160 Single family homes have been sold in 2009 vs. 186 for the same period in 2008; a decline of 16%.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
| 1-1-2009 to 6-30-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 160 | 317 | 370 | 473 | 532 | 546 |
| Average Sale Price | $294,572 | $339,804 | $363,946 | $354,585 | $327,587 | $301,114 |
| Sales Price to List Price | 96.1% | 96.7% | 97.4% | 98.8% | 98.2% | 98% |
| Average Days on Market | 112 | 95 | 78 | 67 | 57 | 44 |
| Average # of house sold per month | 26.7 | 26.4 | 30.8 | 39.4 | 44.3 | 45.5 |
Current Report Read the rest of this entry »
First Quarter 2009 Market report for homes in Northwest Colorado Springs
Colorado Spring Real Estate – Market Report for Northwest – Single Family Homes
Neighborhoods: Includes Homes in Mountain Shadows, Rockrimmon, Pinecliff
Search for Homes in Northwest Colorado Springs
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The housing market in Northwest Colorado Springs continues to be a BUYERS Market, as there is currently a 11.3 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 15% from 2008 to 2007, but average pricing is ONLY down 6.5% from 2008 to 2007.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004 Read the rest of this entry »
