New homes for sale in Colorado Springs have slowed down since the boom of the last few years. The biggest change that we have seen in the new home market is the drop in ˜inventory homes - meaning: if you want to buy a new home, you will need to ˜dirt start it. Building homes before they are purchased is too big of a risk for Colorado Springs home builders.

Here is a look at some of the busiest builders in El Paso County - to include the Colorado Springs, Monument, Falcon/Peyton and Fountain real estate markets, and how many building permits were pulled from January - April of 2008:

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A large part of the Colorado Springs real estate market is Stetson Hills. Stetson Hills is a Colorado Springs neighborhood in the Powers area - East of Powers Blvd., between Woodmen Road and Barnes Road.

Here is a snapshot of the Stetson Hills Real Estate Market from April 1, 2008 - May 7, 2008:
(For the full report and information on town home and condo sales in Stetson Hills, please visit the Stetson Hills Real Estate Connection)

Current Available Homes for Sale in Stetson Hills: 271 homes, priced from $164,000 - $499,900.

Pending Sales: 74 homes are under contract, priced from $149,900 - $359,000

Sold Homes (since 4/1/2008): 37 homes sold in Stetson Hills, with sold prices from $150,000 - $340,000 and were on the market for an average of 120 days.

Search Homes for Sale in Stetson Hills

Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Clients Choice Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate

The Colorado Springs real estate market saw a bit of a jump in activity from March 2008 - April 2008.

New Listings: 830 homes for sale

• Average List Price: $ 302,2512

  • Lowest Average List Price: Southeast Colorado Springs (S/E): $178,688
  • Highest Average List Price: Tri-Lakes/Monument (TRI): $466,161

Search Homes for Sale in Southeast Colorado Springs Real Estate
Search Homes for Sale in Monument Real Estate

Pending Sales: 293 homes went under contract in April 2008

Sold Homes: 182

Average SOLD Price: $264,685
Average SOLD Price in March 2008: $257,152
The Southwest (S/W) area of the Colorado Springs real estate market and the Falcon (FAL) area were the closest to the average sold price.

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I recently wrote a post where I commented that the Colorado Springs Real Estate market home prices were closer to the mark of 2005’s home prices. After further research, I have found that the information sources that I was basing that off of were unreliable, so I removed that post as not to create any confusion, and apologize for any confusion it may have already created.

This is a comprehensive update on how average home sale prices in Colorado Springs compare, from the month of April in 2005 - 2008. I only am comparing April sold data from year to year. The areas that I chose to compare were large parts of Colorado Springs with similar homes within the area and plenty of real estate activity from 2005-2008.

Black Forest Colorado Springs Real Estate Market

• 2005: $296,324
• 2006: $343,178
• 2007: $324,232
• 2008: $415,499

Although there was a decrease of -6% from 2006-2007, the Black Forest real estate market saw an average sale price INCREASE from 2005-2008 of +40%.  That is an average of 13% increase a year!

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5421 Copper Drive, Colorado Springs CO 80918 ~ Austin Heights

MLS# 594764   $560,000
5 Bed, Loft, Theatre, 4 Bath, 3 Car - Austin Estates
4,115 sf - .5284 acre lot
Year Built: 2006

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