East Colorado Springs Real Estate and Area Information
Eastern Colorado Springs neighborhoods are well established with easy access to Peterson AFB, Palmer Park, Citadel Mall, and both Powers Blvd and Academy Blvd which offer many shopping and dinning opportunities. Most of the neighborhoods were built over the past 10-30 years and are in hilly areas with larger lots, mature trees, and some views of Pikes Peak and the Front Range Mountains.
East Colorado Springs Area Home Search and Market Information
Zip Codes- 80909, 80917, 80915
School Districts- Colorado Springs School District #11
Ave Home Price – Approx. $245,000
Home Price Range – Approx. $115,000-$400,000
Major Neighborhoods - Village Seven, Rustic Hills, Old Farm, Palmer Park, Villa Loma, Parkmoor
For more detailed eastern Colorado Springs information and statistics to include schools, demographics, and crime click on Community Reports and input Colorado and the zip code - 80909,80917 & 80915
East Area Real Estate Market Trends
All real estate is local, and conditions for the Colorado Springs real estate market can change dramatically between individual areas, neighborhoods, and price points. Understanding the market dynamics involved in the broader real estate market, the individuals areas, the specific Colorado Springs neighborhood and specific home price point becomes critical when you end up putting an offer in on your next Colorado Springs home.
Total Sales
The chart to the right shows the total number of home sales for the entire East area year over year. This helps give a very basic feel for home sale activity trends in the broader East area.
Total EAST home Sales Year over year
Average Sales Price
The chart to the right shows the year over year average sales price for homes in the broader East area. This shows the basic trend of home values for the entire East area.
Average Home Sales Price for EAST Area
Average Days on Market before Selling
The chart to the right shows the average days a home was on the market before it went under contract. When for sale home inventory levels are high we are in a buyers market and the average days on market will be higher with downward pressure on prices. With lower inventory levels the ave days on market will be lower, a sellers market, with upward pressure on home prices.
Average days on the Market before going under contract
Neighborhoods in the East
Laura's East Colorado Springs Area Blogs
Historically, the choice between renting or buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!