Monument is the name given to the area just north of Colorado Springs. It is also referred to as the Tri-Lakes area and contains the Monument neighborhoods of Jackson Creek, Woodmoor, King's Deer, Fox Run and Arrowwood. This areas is also home to the towns of Historic Monument and Palmer Lake.
There are 3 main lakes that can be found in this area, with the 2 most popular ones being:
Palmer Lake - Located in the northern part of the Town of Palmer Lake off Hwy. 105
Monument Lake - Located to the west of Historic Town of Monument, accessible off Mitchell Avenue
East: Furrow Road (with a small section of Woodmoor to the SE of Furrow and Kings Deer)
North: County Line Road
South: Higby Road
Woodmoor consists of several smaller neighborhoods: Woodmoor, Woodmoor Country Club, Woodmoor Forest, Woodmoor Greens, Woodmoor Highlands, Woodmoor Lode, Woodmoor Vista, Woodmoor Mountain and Woodmoor Nugget. Some Woodmoor homes are located in the rolling foothills, while many homes in Woodmoor are nestled in the trees.
There are currently 67 single family homes for sale in Woodmoor. o Price Range: $200,000 - $779,000 o Square Feet: 1,286 - 6,663 sf o The average home has 5 bedrooms, 4 bathrooms and a 3 car garage and was built in the late 1980's, early 1990's.
There are currently 4 homes under contract.
55 Homes in Woodmoor SOLD since June 2007. o Average Sale Price: $417,135 ($255,000-$640,000) o Average List Price/Sale Price Ratio: 96% o Average Days on Market: 88 (5-396 days)
Monument - the area just North of Colorado Springs and south of Douglas County and includes the areas of Monument, Palmer Lake and Woodmoor. Monument real estate is also a great alternative for folks looking to commute to Castle Rock or Denver Tech Center, in South Denver.
Comment: Average days on market has dropped from 112 days to 84 days - MUCH close to the surrounding area average. However, the number of sold homes dropped by over half and the new homes on the market dropped by about a third. So, even though less homes are selling, the ones that are, are selling quicker.
Monument, Colorado - the area just North of Colorado Springs and part of the Tri-Lakes area is one of our favorite parts of El Paso County and includes the areas of Monument, Palmer Lake and Woodmoor. Monument real estate is also a great alternative for folks looking to commute to Denver Tech Center, in South Denver.
Comment: Monument homes are staying on the market on average of a month longer than the Colorado Springs average. This may be in part to the mortgage industry reorganization and the difficulty in obtaining Jumbo Loans for homes over $420k - which is a major price point in this area.
Monument - the area just North of Colorado Springs and part of the Tri-Lakes area is one of our favorite parts of El Paso County. Some of the most gorgeous real estate can be found in Monument. Monument real estate is also a great alternative for folks looking to commute to Denver Tech Center, in South Denver.
Monument is just North of Colorado Springs in the Tri-Lakes area. A lot has happened in the Monument Real Estate market with the warmer weather, as you can see below.
Newly Listed Homes on the Market: 123 (Up 52 homes from March figures)
Average List Price: $496,406 (Up from $435,390 in March)
Pending Sales: 54 (Up from 9 in March!)
Sold Homes: 42 (Up from 10 in March!)
Average Sold Price: $446,206 (Up from $368,780 in March!)
List Price to Sale Price Ratio: 97.94% (Down from 97.63% in March)
Average Days on Market (DOM): 104 (Up from 77 DOM in March)
Comments: We saw the new homes on the market almost double, but the pending homes and sold homes almost quadrupled! Spring has really helped make the Monument Real Estate market come back to life.
Monument is located in the beautiful Tri-Lakes area, just North of Colorado Springs. March showed a bit of thawing to the Monument Real Estate market - thank goodness! This data was compiled from the Pikes Peak MLS and may not include all FSBO or new build transactions.
Newly Listed Homes on the Market: 71 (Up 18 homes from February)
Average List Price: $435,390 (Down $12,712 from February)
Pending Sales: 9 (Down 4 from February)
Sold Homes: 10 (Up 4 from February)
Average Sold Price: $368,780 (Up $21,513 from February - Yay!)
List Price to Sale Price Ratio: 97.63% (Down from 99.15% in February)
Average Days on Market (DOM): 77 (Down another 17 days from February!!)
Comments: Although we did see a raise in newly listed homes on the market, we also saw a jump in sales price and a nice drop in DOM - nestling Monument Real Estate in a solid Seller's Market, once again. We'll see what the rest of Springtime has to offer...
Monument (just North of Colorado Springs) DID see some market changes, both up and down, since January. This data was compiled from the Pikes Peak MLS and may not include all FSBO or new build transactions. Here is a look at the Monument Real Estate Market, for February 2007:
New Home on the Market: 53 (up 9 from January)
Average List Price: $422,678 (Down $45,881 from January)
Pending Sales: 13 (Up 1 from January)
Sold Homes: 6 (Down 10 from January - Ouch!)
Average Sold Price: $347,267 (Down $22,433 from January)
List Price to Sale Price Ratio: 99.15% (up from 97.12% in January - Yay!)
Average Days on Market (DOM): 94 (Down 17 days from January - Whew!)
Comments: I think that the snow still made an impact on the Monument Real Estate home sales market this February. But the DOM is more than a half month better - which is great!
Monument is the city/town just North of Colorado Springs, in the Tri-Lakes area. Many times, the Monument housing market is lumped together with the rest of Colorado Springs, as it is also a part of El Paso County. However, Monument is not really a part of the Colorado Springs Real Estate market, as it technically a different city.
Comments: Monument really took a beating with all the snow that Southern Colorado got in December and January. Monument got more snow than many other places in El Paso County. This really impacted the Monument Real Estate market, but as the snow melts, the market will thaw. DOM was still under the 6 month mark, so it is still NOT a real Buyer's Market.
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