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Summer 2010 Market Update
Market Commentary Provided byMike Ockert If you can qualify, now is an exceptional time to buy a home in Manitou Springs. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 719-209-0190 |
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| Average Home Price | $325,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $300,000 - $349,000 |
| Worst Selling Price Range | $500,000 - $549,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Manitou Springs is | Increasing |
| Seller Activity for the past 90 days in Manitou Springs is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | We the market shifting again toward a positive and housing prices slowly on the rise, we are see multiple offers coming in on many occassions. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | If you have not yet spoken with a mortgage lender, don't worry! We can put you in touch with a list of qualified and highly trusted mortgage lenders that provide very competative rates for FHA, VA and Conventional Loans. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | The average List Price to Sale price in May 2010 is currently 96.8 %. As a historical district, home prices in Manitou Springs generally stay higher than homes in Colorado Springs and retain their value better overall. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Colorado Springs |
| Housing Hot Spots | Great hot spots to look out for are: Homes in Crystal Park of Manitou Springs and Old Colorado City. Manitou Springs is a great place to take the family for food,lots of shopping, fun and adventure. Nestled right next to the base of Pikes Peak and the Cog Rail way (takes you up to Pikes Peak by train) you really get the feeling of Colorado mountain living, without the big city. |
| Average Sold Price | $325,000 - View Graph Trend |
Manitou Springs Local News
News for Manitou Springs, CO - June 22nd, 2010 4:05pm
Manitou Springs:
If you're looking for that small town feeling in the Mid West Colorado Rockies, then look no further. Voted in the Top 10 small cities to live in from MSN News in 2009, Manitou Springs is your type of town. With little mom and pot shops, pubs, coffee shops, art gallaries, gift shops and more, Manitou Springs has lots to offer for to its tourists and local community. Home of the Pikes Peak Cog Rail way, Bar's Trail, the old Cog Rail way hill climb and lots of hiking trails, you don't want to miss the out door fun and adventure.
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719-209-0190Mortgage Rates
– Jul 30th, 2010 –
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30 yr. fixed rate: 4.60%---------------------------------
15 yr. fixed rate: 4.07%
30 yr. jumbo rate: 5.42%
15 yr. jumbo rate: 4.98%
Home Values
StreetZip Code
Repeat Buyers & Investors With Cash Boosting Home Sales & Prices In Many Markets, New HouseHunt Survey Shows
For the first time in nearly three years, repeat buyers and investors have overtaken first-time buyers as sales leaders once again in the nation's housing market. As a result, prices of bank-owned REOs and properties involved in short sales are being bid up by multiple offers and cash buyers in many neighborhoods, according to the latest HouseHunt quarterly current market conditions survey.
"The current ratio of 58% to 42% favors repeat buyers," said Michael Bearden, president and CEO of HouseHunt, Inc. "This is an increase of 10 percentage points over a year ago and 24 points over six months ago. In a more balanced market of supply and demand, repeat buyers usually lead by a two-thirds ratio."
Click here for full article...
For the first time in nearly three years, repeat buyers and investors have overtaken first-time buyers as sales leaders once again in the nation's housing market. As a result, prices of bank-owned REOs and properties involved in short sales are being bid up by multiple offers and cash buyers in many neighborhoods, according to the latest HouseHunt quarterly current market conditions survey.
"The current ratio of 58% to 42% favors repeat buyers," said Michael Bearden, president and CEO of HouseHunt, Inc. "This is an increase of 10 percentage points over a year ago and 24 points over six months ago. In a more balanced market of supply and demand, repeat buyers usually lead by a two-thirds ratio."
Click here for full article...
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Mike Ockert
Keller Williams Clients Choice Realty |
719-209-0190 |
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