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Colorado Springs Real Estate Market Report for WEST area

Colorado Spring Real Estate
Market Report for West, Single Family Homes
 Includes Homes in Pleasant Valley and Kissing Camels

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Homes in Colorado Springs WEST area continue to be a NEUTRAL Market, as there is currently 5.7 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 WEST area in Colorado Springs sold are up 13% more than in 2008, but are down substantially from 2005, when 241 homes were sold.
  • Average pricing continues to see downward pressure, currently down 3% from 2009 to 2008.   2009 pricing is down 19% from the high in 2007.

2009 sold west

2009 piricng west

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Interesting foreclosed home in Holland Park

Colorado Springs Foreclosed Properties

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Related post:

Buying HUD homes in Colorado Springs, Part I
Buying HUD homes in Colorado Springs, Part II
Colorado Springs HUD Homes – Part III in FAQ’s
HUD homes available for $100.00 downpayment 

I saw an interested foreclosed home yesterday in West Colorado Springs in Holland Park.   The property definitely has possibilities, even though it needs lots of TLC and updates.   Here’s the main facts, it was built in 1978 and is currently listed at $184,900; 4 bedrooms, 2 baths, 2 car garage.   The property was foreclosed on in May 2009 and the El Paso County Assessor has it valued at $232,000.   It last sold in 2005 at $217,500  The property has some nice curb appeal from the outside, stucco, circular drive; in my opinion it looks nicer on the outside vs. the inside.   It’s in a nice established west side neighborhood.

 IMG_1748 hans outside

The bank (who is the current owner) has put in new carpet and new paint; but there is still plenty that needs to be done.   In the master bedroom, one of the closets had been converted to an additional bathroom, even though there is a small bath right around the corner.   The bathroom conversion (addition) was not done very well, and  probably should be torn out and it should be made back to a closet.   Or better yet, do a major change and take the 2 bathrooms and combine them to 1 nice spacious master bath.  OR, the bathroom in the closet could be redone; as then it would be very usable for handicap access.

IMG_1757 hans bathroom in closet 

Kitchen was also pretty outdated; as it Read the rest of this entry »

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Old Colorado City Commercial district…fun to visit and lots of history

Old Colorado City during the early years

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picture courtesy of Old Colorado City Historical SocietyThe commercial district of Old Colorado City, located on W. Pikes Peak Ave., dates to the turn of the century (20th that is) when it was quite productive and prosperous.  Due to the closeness of the railroad yards and ore mills it became a transportation and gold processing center.  The railroads brought lots of tourists as well, creating a thriving hospitality business.

The business district reflected this economy.  You could buy dry goods, furniture groceries.  There were also drugstores and meat markets.  Many of these building’s brick facades were provided by The Stucco, Brick and Cement Company located in Old Colorado City.  Many of the buildings also housed meeting rooms, business offices, dentists, doctors and lawyers in the upper floors.

There were no shortage of saloons asmore than a dozen were in operation to provide refreshments and recreation for the populace, tourists and Colorado Springs residents trying to escape the city’s liquor free atmosphere.  Places like Hoffman House, Oxford Club, Arcade, Colorado City  Beer Hall and Bucket of Blood where many of them had second floor dance halls and gambling dens.  The Cucharras Street Red Light District was on the adjacent street where you could indulge in more racier recreation if desired.  Liquor, gambling and prostitution was banned in 1913 though you could still indulge in the town of Ramona which was founded by the bar owners for only those purposes.  These buildings were later razed and Thorndale Park now occupies part of that scarlet town site.

Colorado City was annexed to Colorado Springs during World War I and became a bedroom community , which is now known as the westside.  Due to the waning of Cripple Creek an economic decline started in the 1910’s and lasted until the mid 1900’s.  Several of the original buildings were updated to unflattering modern renovations and several  burned to the ground. Traffic declined even further when Highway 24 opened in the 1960’s.

Finally in the 1970’s, the district underwent a revival, supported by the City of Colorado Springs.  Many properties were restored to the turn of the century looks and even some compatible new buildings were constructed on the vacant lots.  Today the district is listed in the National Register of Historic Places.  As in yesteryear, today “Old Town’s” ambiance attracts Colorado Springs residents and tourists.  There are lots of shops, restaurants and interesting storefronts.  Wide sidewalks, shade trees and park benches allow folks to stop, shop, eat and stay awhile.  Notice the cornices, patterned brickwork and other wonderful architectural features of these historic commercial buildings.

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To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049)   KTorline@msn.com

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