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Colorado land IS selling: Colorado Springs Land Market Report

Despite all the doom and gloom that you hear on the news, land IS selling in the Colorado Springs area. In fact, 7 more land transactions closed this year between June 1 and Sept. 29 as compared to the same time period last year. Over the last four months, 34 land transactions closed as compared to 27 last year. Additionally, more expensive tracts have been selling this year.

The source of my data is from the Pikes Peak MLS. It may not include all transactions that occurred. For a sale to qualify to be listed in this particular snapshot, the land had to be in El Paso County and be a minimum of two acres.


Colorado Springs Area Land


Land values in the Colorado Springs area vary GREATLY based on location and whether or not the property is in a subdivision. For example, the rolling plains properties sell for significantly less per acre than the mountain properties.

Other factors that affect price include the quality of road access, fencing and the availability of water and utilities.

Land Sales June 1 – Sept 29, 2011

Sold Date MLS # City/Town Acres List Price Sold Price

Cumulative

DOM
6/1/2011 551006 Yoder 33.45 24,000 20,000 429
6/3/2011 619974 Colorado Springs 2.5 95,000 85,000 277
6/7/2011 757687 Colorado Springs 2.23 650,000 650,000 326
6/8/2011 649500 Monument 5.36 149,000 138,000 7
6/15/2011 763137 Peyton 2.51 57,000 57,000 45
6/16/2011 437488 Colorado Springs 6.64 175,000 167,500 723
6/16/2011 673066 Monument 2.5 75,000 70,000 210
6/17/2011 660409 Colorado Springs 5.01 100,000 92,000 373
6/20/2011 638439 Colorado Springs 2.5 175,000 150,000 95
6/27/2011 657928 Colorado Springs 35.07 378,000 300,000 511
6/29/2011 651031 Colorado Springs 2.5 95,000 75,000 277
6/29/2011 668060 Fountain 4.85 137,900 122,000 321
6/30/2011 622179 Monument 2.5 180,000 180,000 1428
7/5/2011 648884 Peyton 39.31 85,000 167,000 54
7/6/2011 665712 Colorado Springs 4.53 200,000 185,000 312
7/28/2011 664961 Colorado Springs 3.61 88,000 80,000 78
7/28/2011 744789 Peyton 5.11 150,000 130,000 20
7/28/2011 674534 Peyton 5 60,000 60,000 279
7/29/2011 679322 Chipita Park 35 300,000 300,000 259
8/11/2011 666154 Colorado Springs 2.5 99,000 75,000 538
8/15/2011 780829 Peyton 5.49 69,000 60,000 7
8/16/2011 663820 Black Forest 5.16 210,000 190,000 145
8/18/2011 640862 Monument 2.51 190,000 130,000 127
8/19/2011 619580 Monument 2.84 82,500 65,000 274
8/26/2011 504853 Colorado Springs 160 1,040,000 1,000,000 188
8/26/2011 602346 Yoder 35.52 19,500 16,000 184
8/30/2011 522860 Colorado Springs 23.52 385,000 350,000 306
8/31/2011 566743 Monument 3.28 212,000 212,000 1149
9/2/2011 670596 Colorado Springs 40 27,995 22,500 44
9/7/2011 497838 Colorado Springs 2.64 385,000 230,000 1145
9/23/2011 620072 Colorado Springs 5.06 89,900 78,000 189
9/28/2011 742432 Peyton 5 69,900 62,000 10
9/29/2011 784163 Monument 2.78 169,000 150,000 74
9/29/2011 666726 Peyton 5.01 87,500 75,000 120


The property that sold for the most per acre was in the highly sought after area of the Broadmoor Hotel.

The 160 acre tract was in El Paso County. However, it had to be accessed via Rampart Range Rd in Woodland Park, Teller County. It is a very nice property. The photograph above was taken on that property. (No, my client was not the buyer.)

The source of this data is from the Pikes Peak MLS. It may not include all transactions that occurred. For a sale to qualify to be listed in this snapshot, the land had to be in El Paso County and be a minimum of two acres.

For more detailed information, please contact your Realtor. If you are not working with a Realtor, do not hesitate to call or email me. I'll be glad to help you however I can.

Colorado Springs: See It. Experience It. Live It.

Posted Friday Sep 30