Penrose, CO - Realtime Market Report

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Market Report as of 

Withe the rise in the desire to have more land attached to homes, Penrose has seen recent increased activity.  Following the substantial surge of energy from the Colorado Springs and Denver housing markets (#1 market in the nation for 2016)Penrose, Colorado, Penrose is experiencing rising interest.  Property values are increasing as the inventory is shrinking. Demand is outpacing the current inventory as we shift into a seller's market.

Concerning potential sellers:  If you are pondering selling, now is a very rare and opportune time to do so.  There is marked risk of interest rates rising.  If interest rates go up one point, buyers' home purchasing power goes down 10%.  This means there will be a reduced pool of purchasers capable of acquiring your property at the price you desire.  Statistically, this can lead to a reduction in your price to an undesirable degree.

Concerning potential buyers:  Interest rates are extremely low (with current risk of them rising), market volatility variables for the nation as a whole are mostly stable, and property inventory in this area is moving towards record lows.  If you want to purchase a property in Penrose, your window of opportunity is becoming smaller and smaller for a desirable price.

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
8530 Hwy 115 3 3 2,915 $1,195,000 $409 212 days
2160 CR 120 5 6 8,336 $892,680 $107 76 days
TBD 5th Street N/A N/A N/A $450,000 Unknown 186 days
763 7th Street 3 3 1,960 $349,000 $178 42 days
350 8th Street 4 1 2,300 $347,950 $151 208 days
47 Iris Lane 4 2 2,600 $339,950 $130 11 days
1437 O Street 4 2 1,904 $320,000 $168 50 days
4200 CR 123 3 2 1,792 $299,000 $166 84 days
4509 CR 123 N/A N/A N/A $255,000 Unknown 243 days
Lot 339 Hwy 50 N/A N/A N/A $169,000 Unknown 28 days
15941 Hwy 115 N/A N/A N/A $145,000 Unknown 34 days
1470 9th Street 2 1 924 $144,900 $156 57 days
819 9th Street N/A N/A N/A $132,000 Unknown 75 days
TBD Hwy 50 N/A N/A N/A $116,500 Unknown 720 days
TBD L48 Lakeview Lane N/A N/A N/A $115,000 Unknown 292 days
TBD L15 Red Rock Circle N/A N/A N/A $110,000 Unknown 71 days
0000 Lakeview Lane N/A N/A N/A $110,000 Unknown 156 days
951 Valley Drive N/A N/A N/A $105,000 Unknown 118 days
TBD L31 Red Rock Circle N/A N/A N/A $103,000 Unknown 106 days
TBD V Street N/A N/A N/A $85,000 Unknown 78 days
Average: 3.5 2.5 2,841 $233,230 $183 154 days
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Viewing 1 - 20 of 26
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
830 M Street 3 3 2,388 $459,000 $192 76 days
1351 6th Street 4 2 2,664 $449,118 $168 36 days
2425 CR 127 3 2 1,678 $297,700 $177 27 days
470 5th Street 4 2 1,360 $279,900 $205 247 days
569 E Street 3 2 1,344 $240,000 $178 358 days
1403 M Street N/A N/A N/A $89,000 Unknown 489 days
Average: 3.4 2.2 1,886 $302,453 $184 205 days
Viewing 1 - 6 of 6
Viewing 1 - 6 of 6
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
245 Quail Court 4 3 4,529 $775,000 $725,000 $160 49 days 6/10/20
2104 CR 127 3 2 2,240 $400,000 $460,000 $205 42 days 6/11/20
97 Barnes Lane 4 3 3,164 $439,500 $439,500 $138 121 days 3/10/20
330 7th Street 3 2 1,848 $430,000 $435,000 $235 63 days 6/12/20
651 CR 129 4 3 3,120 $429,000 $429,000 $137 173 days 3/23/20
1183 2nd Street 3 2 1,792 $409,000 $390,000 $217 172 days 5/22/20
910 11th Street 5 2 2,800 $399,999 $380,000 $135 185 days 4/24/20
151 Top Notch Trail 3 3 2,307 $375,000 $375,512 $162 32 days 3/17/20
1017 CR 127 3 2 2,240 $360,000 $365,000 $162 167 days 3/12/20
1025 7th Street 4 1 1,760 $349,900 $345,000 $196 64 days 7/21/20
303 Grazing Bit Trail 3 2 1,370 $325,000 $340,000 $248 31 days 7/17/20
1106 9th Street 3 2 1,620 $320,000 $321,000 $198 115 days 7/9/20
1035 S Street 3 3 1,884 $325,000 $310,000 $164 38 days 6/9/20
981 L Street 3 2 1,796 $309,900 $310,000 $172 57 days 3/25/20
810 Q Street 3 2 1,624 $265,000 $276,000 $169 41 days 7/22/20
1420 3rd Street 5 3 2,752 $270,000 $270,000 $98 18 days 5/29/20
920 I Street 3 2 1,216 $279,900 $270,000 $222 127 days 3/26/20
1226 N Street 4 2 1,632 $274,900 $264,000 $161 169 days 4/7/20
1488 5th Street 3 1 1,442 $274,900 $253,500 $175 82 days 5/28/20
455 D Street 3 2 1,740 $249,800 $249,800 $143 64 days 6/12/20
Average: 3.1 2.0 1,728 $229,089 $225,952 $155 113 days
Viewing 1 - 20 of 55
Viewing 1 - 20 of 55