Colorado Springs Real Estate

South Colorado Springs Neighborhoods

Because the army's Fort Carson extends south of Colorado Springs between I-25 and Highway 115, the city has been prevented from growing much in this direction. Exceptions include Stratmoor Valley and Stratmoor Hills near the intersection of I-25 and Highway 85-87, and the communities of the Fountain Valley. Lying east of I-25, Security, Widefield, and Fountain offer a mix of neighborhoods built from the 1950's to the present. The Valley's newer subdivisions can be found to the east of the more established neighborhoods. Existing homes in the Fountain Valley are priced from less than $140,000 to $20,000, with new construction slightly higher.

South Colorado Springs Homes for Sale

Central Colorado Springs Neighborhoods

Surrounding downtown Colorado Springs is a diverse range of neighborhoods, from one of the most prestigious to among the most modest. From just north of the downtown business district to Colorado College, small professional and business office buildings (many of which are converted, turn-of-the-century residences) mix with older single-family homes, churches, student rooming houses, and apartments. The Old North End extends north from Colorado College, and includes proudly restored and maintained mansions built by men who made their fortunes in the Cripple Creek gold rush of the 1890's. Further north are the more modest, established neighborhoods of Kittyhawk, Venetian Village, and Cragmoor. East and south of downtown are areas of mostly smaller bungalows built before the 1930's. The West Side, encompassing several neighborhoods with their own distinct identities, begins at I-25. Price range: under $100,000 to more than $1 million.

Central Colorado Springs Homes for Sale

North Colorado Springs

The sprawling U.S. Air Force Academy campus precludes most northward development between I-25 and the mountains. The area east of the Interstate, however, is poised for rapid growth. Existing neighborhoods include Black Forest, a heavily treed area of homes on lots of five acres or less and growing rapidly, and the country club community of Gleneagle, directly across I-25 from the academy. Farther north, the Tri-Lakes area which includes the small towns of Monument and Palmer Lake, the Woodmoor development (and their three namesake lakes) is attracting more and more residents who don't mind the 15 to 20 minute drive to Colorado Springs. This area is also popular with people who commute to jobs in Denver. Home prices in the Tri-Lakes area range from $150,000 to more than $450,000, while Gleneagle's single-family homes and town homes range from $190,000-$500,000.

North Colorado Springs Homes for Sale

The Colorado Springs real estate market is experiencing difficult times as is the rest of the country, but appears to be stabilizing due to the recent influx of military troops to the town. Local companies have issued reports of new jobs over the next few years. There has never been a better time to move up into the home of your dreams because interest rates are still at record lows and homes can be found at a bargain.

According to RealtyTimes.com, Colorado Springs in El Paso County shows the following statistics from the Pikes Peak Association of REALTORS:

- Listings Sold: 490 (January - 480)

- Median Sale Price: $200,000 (January - $200,000)

- Average Sale Price: $231,121 (January - $236,939)

- Average days on market: 97 (January - 98)

- Total Active Listings: 4,675 (January - 4,528)

- Median List Price: $250,000 (January - $247,898)

- Average List Price: $346,047 (January - $338,604)

The Colorado Springs housing market was significantly slower in 2007 than in prior years and property inventory was up by roughly 25%. New construction starts have slowed and it's considered to be a buyer's market. Spring 2008 brings 5,571 single family homes on the market in the Pikes Peak region. Additionally there are approximately 1000 condos for sale in the area. Nice resell homes on the market are taking an average of three-to-six months or longer, to sell.

New home sales have dropped in Colorado Springs, CO and home prices are decreasing as the market continues to slow. It's a great time to find good deals on properties in El Paso County. There are many foreclosure homes on the market.

The US military influx that was expected into the city has not taken place due to war related changes. There are still troops coming into the area looking for Colorado Springs real estate, but reports state that the bulk of these transfers won't occur until 2009.