The Pikes Peak MLS system has statistics going back to 1994. I thought it would be interesting to see where Woodland Park and Divide fall in these statistics. The national news says the real estate market is in the tubes. That is not entirely correct. Locally our market is slower. We have many homes on the market and fewer buyers that in past years. But things are selling! So far in 2008, 97 homes have sold in the Woodland Park area and 46 homes in the Divide area. On average prices in the Divide market are holding steady and have dropped slightly in the Woodland Park market. Keep in mind that the MLS is giving me averages. Obviously things vary greatly from property to property.

Following are specifics for the two markets.

Woodland Park:
2007: 260 Homes - $288,316 average sales price
2006: 332 Homes - $278,857 average sales price
2005: 335 Homes - $261,264 average sales price
2004: 352 Homes - $249,573 average sales price
2003: 291 Homes - $238,608 average sales price
2002: 298 Homes - $217,833 average sales price
2001: 277 Homes - $202,434 average sales price
2000: 318 Homes - $192,332 average sales price

Divide:
2007: 138 Homes - $216,674 average sales price
2006: 183 Homes - $216,158 average sales price
2005: 171 Homes - $197,561 average sales price
2004: 164 Homes - $197,938 average sales price
2003: 136 Homes - $205,073 average sales price
2002: 132 Homes - $180,427 average sales price
2001: 156 Homes - $172,656 average sales price
2000: 167 Homes - $155,640 average sales price

As you can see the market has been healthy even though we have had events like the Hayman fire, road construction and now the economy and gas prices. Real estate remains a good investment, that if held for the long term goes up in price.

If you want more information on any aspect of real estate (buying, selling, investing or rental) or the area in general, please get in touch. We are here to help.