Pinecliff is a venerable neighborhood of choice for owners wanting to be near major employers and educational institutions in Colorado Springs. It is just west of I-25 and just north of Garden of the Gods Road. Just across I-25 is the campus of the University of Colorado at Colorado Springs.
Pinecliff is also close to the many of the tech industries including the large Hewlett-Packard facility.
Downtown and Colorado College are just over 10 minutes away.
Pinecliff homes are zoned to Academy District 20 schools.
The majority of the 400+ houses were built between the early 70’s and mid 2000’s.
Older houses that need updating and have smaller lots may sell between $70 and $80 per square foot. Newer, updated houses and those with larger lots and better views may sell for over $125 per square foot.
Data is for single family houses that closed between March 20th and December 20th of 2010 and 2011.
Downtown and Colorado College are just over 10 minutes away.
Pinecliff homes are zoned to Academy District 20 schools.
The majority of the 400+ houses were built between the early 70’s and mid 2000’s.
Older houses that need updating and have smaller lots may sell between $70 and $80 per square foot. Newer, updated houses and those with larger lots and better views may sell for over $125 per square foot.
Data is for single family houses that closed between March 20th and December 20th of 2010 and 2011.
2010
| Sold - 10 | SqFt | LP | LP/SqFt | SP | SP/SqFt | SP/LP | DOM |
| High | 3,718 | $412,000 | $142.19 | $410,000 | $136.60 | 101% | 266 |
| Low | 2,145 | $266,000 | $76.70 | $260,000 | $75.63 | 91% | 10 |
| Average | 3,085 | $322,910 | $107.54 | $314,300 | $104.55 | 97% | 77 |
| Median | 3,159 | $309,500 | $114.40 | $303,750 | $108.96 | 97% | 43 |
2011
| Sold - 10 | SqFt | LP | LP/SqFt | SP | SP/SqFt | SP/LP | DOM |
| High | 5,199 | $524,900 | $131.69 | $480,000 | $127.44 | 103% | 218 |
| Low | 2,354 | $269,000 | $71.17 | $260,100 | $70.15 | 91% | 15 |
| Average | 3,552 | $357,280 | $102.80 | $341,420 | $98.48 | 95% | 83 |
| Median | 3,310 | $339,500 | $103.53 | $319,750 | $95.04 | 96% | 55 |
"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period April 20, 2010 through November 20, 2010 and from April 20, 2011 through November 20, 2011. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market."
ANALYSIS:
With median sales prices in the low to mid 300’s, Pinecliff, like many other similar neighborhoods, has been impacted by a lower number of ready move up buyers.
Looking through the key indicators reflects a very stable market.
Volume remained the same with 10 houses closed through the 9 months of both 2010 and 2011.
The lowest sales price of about $260,000 remained the same both years.
Sales price to list price was 97% for 2010 and 96% for 2011. Good job by both the listing agents and sellers.
An area of slight concern is that both the list price per square foot and sales price per square foot declined by over $10 per square foot. Some of that is because some of the 2011 sales were houses larger than those sold in 2010.
SUMMARY:
If you are looking to be close to the tech industry, downtown and colleges, as well as in Colorado Springs popular school District 20, Pinecliff offers a great location and value.
These houses are at an age that some have had their functional components, roof, heat and AC, water heater, etc. updated and some houses need to have these items replaced.
If you are looking to be close to the tech industry, downtown and colleges, as well as in Colorado Springs popular school District 20, Pinecliff offers a great location and value.
These houses are at an age that some have had their functional components, roof, heat and AC, water heater, etc. updated and some houses need to have these items replaced.
As Colorado Springs only “Home Inspection & Safety Consultant” I can help you compare the value of one house that needs updating to another that has been updated.
For a free, no obligation look at some of these homes or to have new listings automatically sent by email, call or text me at 719-304-4684or email me.
Remember that I’m the only broker committed to work through all available houses that may be for sale, not just those listed in the MLS. Search smarter, contact me today.
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