Current Real Estate Market Trends:
Average price per square foot for Colorado Springs CO was $130, an increase of 2.4% compared to the same period last year. The median sales price for homes in Colorado Springs CO for Feb 10 to Apr 10 was $172,875 based on 2,014 home sales. Compared to the same period one year ago, the median home sales price decreased 0.1%, or $125, and the number of home sales increased 11%.
The average listing price for homes for sale in Colorado Springs CO was $316,127 for the week ending May 12, which represents a decrease of 3.2%, or $10,474, compared to the prior week. Popular neighborhoods in Colorado Springs include Powers and Northeast Colorado Springs, with average listing prices of $203,943 and $255,958.
History of Colorado Springs:
The seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. Electronic, computer, mining, and aerospace manufactures are important economically.
The town of El Dorado (later Colorado City) was founded on Fountain Creek by gold miners in 1859. In 1871, Gen. William Palmer and the Denver and Rio Grande RR established the city of Fountain Colony nearby; the modern name was adopted because of the many mineral springs in the area. Colorado Springs absorbed Colorado City in 1917. The city grew enormously in the late 20th cent.
The seat of Colorado College, a Univ. of Colorado branch, and Nazarene Bible College, Colorado Springs is also the site of a U.S. Olympic training center and the headquarters of Pike National Forest. The United States Air Force Academy is just north; also nearby are U.S. Fort Carson, Peterson Air Force Base, and Cheyenne Mountain.
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