Manitou Springs Real Estate Market - View Manitou Springs Real Estate Market Trends in Colorado

Winter 2012 Market Update 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
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 pop 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.

Contact Information

Mike Ockert

719-209-0190

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Blog Archives

June 2010 (1)

Mortgage Rates

– Feb 13th, 2012 –
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30 yr. fixed rate: 3.89%
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%

Home Values

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Manitou Springs Real Estate Market Trends – Colorado

Manitou Springs Real Estate Market Conditions and Trends