Old Colorado City Real Estate and Area Information
Old Colorado City is rich in history as the oldest area in Colorado Springs. Old Colorado City extends west from I-25 to Manitou Springs. The area home too many small boutiques shops and restaurants, and is a popular local tourist attraction. Homes in the area consist of apartments, condos, town houses, as well as single family homes. The majority of homes near the center of Old Colorado City are older homes built on small lots. Newer, larger homes can be found in a few of the neighborhoods surrounding Old Colorado City.
Old Colorado City Area Home Search and Market Information
Major Zip Codes: 80904 & 80905
School District: Colorado Springs School District #11
Average Home Price: Approx. $270,000
Home Price Range: Approx. $90,000-$490,000
For more detailed Old Colorado City information and statistics to include schools, demographics, and crime click on Community Reports and input zip codes 80904 & 80905.
Old Colorado City 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 Old Colorado City area year over year. This helps give a very basic feel for home sale activity trends in the broader Old Colorado City area.
Total Old Colorado City 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 Older Colorado City area. This shows the basic trend of home values for the entire Old Colorado City area.
Average Home Sales Price for Old Colorado City
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 Old Colorado City 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!