Manitou Springs Real Estate and Area Information
Manitou Springs is located just west of Colorado Springs at the base of Pikes Peak. This delightful and historic Victorian town is home of many tourist attraction to include, Cave of the Winds, Pikes Peak Cog Railroad, Miramont Castle, and is a quick drive to Garden of the Gods. Many homes in this community were built at the turn of the century and are nestled among the hills surrounding Manitou Springs, while there are newer homes to include new construction in select areas. The Crystal Park community located in the mountains just south of Manitou Springs offer seclusion from the city in a mountain setting. Homes in Crystal Park allow for a secluded mountain style living with the convenience of a short 20 minutes of Colorado Springs. Many of the homes in Crystal Park have fabulous breathtaking views of Colorado Springs and are surrounded with beautiful pine trees.
If you are interested in a new construction home, resale home, land, or Luxury home in Crystal Park or the Manitou Springs area as a whole, please feel free to email me and I would be more than happy to assist you in any way possible.
Manitou Springs Area Home Search and Market Information
Major Zip Codes- 80829
School Districts- Manitou Springs District #14
Ave Home Price – Approx. $400,000
Home Price Range – Approx. $200,000-$1+ Million
Major Neighborhoods - Crystal Park, Crystal Hills, Manitou Mesa
For more detailed Manitou Springs information and statistics to include schools, demographics, and crime click on Community Reports and input Colorado and the zip code - 80829
Manitou Springs 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 Manitou Springs area year over year. This helps give a very basic feel for home sale activity trends in the broader Manitou Springs area.
Total Manitou Springs 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 Manitou Springs area. This shows the basic trend of home values for the entire Manitou Springs area.
Average Home Sales Price for Manitou Springs 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
Laura's Manitou 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!