Woodmen Hills, Market Wrap - Up for 2018

Woodmen Hills Housing Market - 2018 vs. 2017

The Woodmen Hills neighborhood saw another strong year in 2018. As a matter of fact, the number of home sales was exactly the same as in 2017. Still, a very strong year historically when you consider the average number of sales in the area over the last 10-years is 187 sales. This puts 2018 at 9.6% over the average number of yearly sales.

There is still a significant amount of building going on around the Woodmen Hills neighborhood. So, this type of demand is impressive given buyers have a lot of other choices available.

The median sales price for the area saw a 9% increase from $308,000 to $347,700. These numbers reflect residential resale properties for the most part. So, in an area where there is still a significant amount a building activity occurring, a 9% gain is an impressive number.  

Woodmen Hills Real Estate Numbers for 2018

Here are the statistics for the Woodmen Hills Neighborhood by quarter for all of 2018. This table really highlights the seasonal nature fo the Woodmen Hills Real Estate Market. As the table shows the strongest months are those preceding the start of school. Additionally, the median sales price shows that if you are looking to get top dollar for your home Q1 saw the highest Median Sales price. There may be some benefits to selling your home in the winter time.

The second quarter was the strongest in terms of the number of sales. This is prevalent for the entire Pikes Peak Region. This Q2 spike does give home sellers a good idea about the ideal time to sell a home in the Woodmen Hills neighborhood. 

Although the second quarter of the year saw the most sales, the first quarter saw the highest median sales price for 2018. This may have to do with a lack of inventory during the winter months when inventory is low buyers tend to pay more.

The median home price in the Woodmen Hills neighborhood has risen consistently over the past eight years. This growth is fueled by the rapidly developing commercial sector in the Falcon area. 

Amenities like restaurants and shopping have made the area more convenient and popular for home buyers.

In Conclusion

2018 was a great year for the Woodmen Hills Real Estate market. 2019 looks to be another great year for real estate in Woodmen Hills. The only concerns have to do with affordability. Woodmen Hills median home price for 2018 was $329,000 that is 7.8% higher than the El Paso County median home price of $306,000. Larger lot sizes and affordability are the factors that have traditionally driven growth in Woodmen Hills. As Woodmen Hills grows in popularity and price it will be interesting to see if the area can maintain it's growth.

If you were interested in Woodmen Hills Homes For Sale take a look at our comprehensive information on homes available in this neighborhood. This site provides a ton of helpful information about the area and the homes. Additionally, the listings are up to date, we refresh our listing data hourly. This means you aren’t looking at homes that aren’t really on the market, only properties that are truly available. So, dig in and use our search to find the latest listings in Woodmen Hills.