Manitou Springs District 14 then, and District 14 now.

By
Real Estate Broker/Owner with Colorado Real Estate Advisers LLC CO ER100025633

Colorado Springs is blessed to have Manitou Springs just Southwest of Downtown. Eclectic is just a start in describing the variety you will find.

 

The students who aren’t home schooled attend district 14 which ranges from the town of Manitou Springs, North up highway 24 through Green Mountain Falls.

 

With the Colorado Springs market heating up let’s look at the last 3 months of 2015 and the most recent 3 months.

 

For this comparison I will focus on the most typically sold properties, those from $200,000 to $600,000.

 

 

For the last 3 months of 2015:

 

30 properties sold

Median total square feet was 2,204

Median list price $338,750

Median sold price $328,750

Sales price to list price 97.70%

Median sales price per square foot $146

Cumulative days on market 71

Median year built 1978.

The oldest house sold was built in 1885.

 

 

For the most recent 3 months:

 

35 properties sold

Median total square feet was 2,086

Median list price $310,000

Median sold price $307,000

Sales price to list price 99.09%

Median sales price per square foot $150

Cumulative days on market 46

Median year built 1976.

The oldest house sold was built in 1890.

 

 

Median list prices and sale prices are a little higher.

Median sales price per square foot is up $4 per square foot from $146 to $150.

 

On a 2,100 square foot that is an increase of $8,400 just since last Fall.

 

Cumulative days on market is the most significant change. Down a median of 25 days from 71 days last Fall to just 46 days this Spring.

 

This is a popular area for people who want to live near the Springs, but in an area that is not all cookie cutter houses. It is also the closest area to be able to head up highway 24 to the mountains and open spaces outside the city.

 

Not all houses at the same price level are of the same value. Buyers need to be working with a veteran broker who can educate them on the differences and help them with a strategy to get the house they want. 

Posted by

David Gibson, 

Certified Negotiation Expert (CNE)

Broker / Owner Colorado Real Estate Advisers LLC

Independent Real Estate Broker

Colorado (License # ER100025633) and Texas (License # TX 499067)

Email: broker719@gmail.com

Phone: 719-304-4684

3326 Sand Flower Dr, Colorado Springs, CO 80920

I help my clients buy "A Better House at Lower Cost."

 

Sellers ~ I offer staging, professional photography, drone photography and videos. I'd like to send you a link to our listings so you get an idea how great your house can look.

 

Call or text me at 719-304-4684, or email me at broker719@gmail.com for more house choices and better deals.

Comments (2)

Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

What a great mix of information on the Manitou Springs District 14 area in your market post David Gibson CNE, ALHS 719-304-4684 ~ Colorado Springs Relocation 

May 13, 2016 11:07 AM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

monitou is one of my favorite places to take an afternoon stroll on a warm summer day.  I love the local shops and the people are so friendly.

May 15, 2016 08:09 AM