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.