There were 15 sales in Manitou Springs Colorado for August of 2017. This is a great number since Manitou Springs averages 8 sales per month normally. Although Manitou is a very popular area it's sales constitute less than 1% of the total sales recorded in the Pikes Peak MLS.
The median sales price in Manitou Springs hit $365,000 in the month of August. This is a new high and a 62% increase from its recent low in 2011. This is great news if you are selling and bad news if you are buying. We are seeing the same inventory shortages in Manitou as we are experiencing in the rest of the market.
Year over year home sales in Manitou Springs have been on the increase since 2010. Manitou is an extremely popular community but lack of inventory along with rising home prices are making it difficult to find a home in this area.
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