Monument Real Estate: Market Report- August 2007

Monument, Colorado – the area just North of Colorado Springs and part of the Tri-Lakes area is one of our favorite parts of El Paso County and includes the areas of Monument, Palmer Lake and Woodmoor. Monument real estate is also a great alternative for folks looking to commute to Denver Tech Center, in South Denver.

Here is a look at the Monument residential housing market for August 2007:

  • Newly listed homes on the market: 57
  • Average List Price: $604,077
  • Pending Sales: 13
  • Sold Homes: 22
  • Average Sold Price: $402,935
  • List Price to Sale Price Ratio: 97.32%
  • Average Days on Market (DOM): 122 Days

Comment: Monument homes are staying on the market on average of a month longer than the Colorado Springs average. This may be in part to the mortgage industry reorganization and the difficulty in obtaining Jumbo Loans for homes over $420k – which is a major price point in this area.

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About Mariana

I am a Mom, Wife, Real Estate Agent Trainer and Mortgage Lender. Find me at http://www.marianawagner.com
This entry was posted in Monument Market Reports, Monument Real Estate. Bookmark the permalink.

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