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
5041 Rimrock Terrace 5 3 3,854 $1,500,000 $389 6 days
445 G Street 3 3 2,175 $589,000 $270 66 days
570 J Street 3 2 1,510 $585,000 $387 2 days
890 6th Street 3 2 1,492 $550,000 $368 8 days
710 N Street 3 2 1,912 $450,000 $235 3 days
1832 Top Notch Trail 3 2 2,072 $449,900 $217 2 days
1302 R Street 3 2 1,280 $434,514 $339 10 days
00 Hwy 50 N/A N/A N/A $129,000 Unknown 2 days
LOT 71 Rimrock Terrace N/A N/A N/A $120,000 Unknown 23 days
4701 Rimrock Terrace N/A N/A N/A $120,000 Unknown 23 days
LOT 66 Rimrock Terrace N/A N/A N/A $120,000 Unknown 23 days
LOT 65 Rimrock Terrace N/A N/A N/A $120,000 Unknown 199 days
LOT 45 Lakeview Lane N/A N/A N/A $120,000 Unknown 199 days
LOT 44 Lakeview Lane N/A N/A N/A $120,000 Unknown 199 days
725 Van Egmond Drive N/A N/A N/A $113,000 Unknown 273 days
TR 53 Valley Drive N/A N/A N/A $100,900 Unknown 233 days
TR 35 Valley Drive N/A N/A N/A $100,500 Unknown 233 days
304 Illinois Street 2 2 1,110 $99,900 $90 7 days
TBD C Street N/A N/A N/A $89,900 Unknown 205 days
000 Turril Trail N/A N/A N/A $80,000 Unknown 23 days
Average: 3.1 2.3 1,925 $200,253 $287 117 days
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Viewing 1 - 20 of 34
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
87 K Street 3 3 2,016 $499,500 $247 80 days
1677 11th Street 3 2 1,883 $416,800 $221 57 days
5001 CR 123 3 2 3,988 $375,000 $94 79 days
502 7th Street 3 2 1,553 $364,958 $235 38 days
1044 P Street 3 2 1,568 $315,000 $200 83 days
310 Grant Street 3 2 1,445 $299,000 $206 45 days
26 K Street 3 2 1,120 $275,000 $245 34 days
1388 M Street 3 2 1,896 $250,000 $131 179 days
73 8th Avenue 2 2 1,520 $225,000 $148 16 days
46 3rd Street 2 1 1,358 $219,000 $161 127 days
TBD L48 Lakeview Lane N/A N/A N/A $115,000 Unknown 574 days
1110 Q Street N/A N/A N/A $87,900 Unknown 3 days
TR 66 Broadway Street N/A N/A N/A $60,000 Unknown 174 days
Average: 2.8 2.0 1,834 $269,396 $189 115 days
Viewing 1 - 13 of 13
Viewing 1 - 13 of 13
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
18530 Hwy 115 3 3 2,915 $1,095,000 $1,095,000 $375 220 days 3/15/21
193 Top Notch Trail 4 4 4,398 $594,000 $610,000 $138 59 days 3/19/21
1451 R Street 5 4 3,208 $600,000 $575,000 $179 97 days 4/23/21
1300 Wild Ridge Road 3 3 2,869 $545,000 $548,500 $191 26 days 1/11/21
906 L Street 3 N/A 1,800 $499,990 $478,000 $265 54 days 1/26/21
260 8th Street 3 3 1,694 $429,900 $429,000 $253 104 days 3/22/21
545 4th Street 3 2 2,134 $435,000 $419,000 $196 62 days 1/11/21
401 Broadway Street N/A N/A N/A $429,750 $410,000 Unknown 79 days 2/26/21
1045 3rd Street 4 3 1,774 $397,500 $397,500 $224 48 days 2/22/21
633 G Street 3 N/A 1,750 $395,000 $380,000 $217 48 days 2/3/21
1390/1400 K Street 3 2 1,798 $395,000 $379,000 $210 22 days 3/8/21
67300 Hwy 50 3 2 1,848 $374,900 $365,000 $197 29 days 4/13/21
755 Broadway Street 4 3 2,056 $349,900 $350,000 $170 34 days 3/4/21
625 Santana Drive 4 3 2,822 $345,000 $345,000 $122 66 days 3/26/21
700 B Street 3 2 1,326 $345,000 $329,572 $248 45 days 12/18/20
10 Grant Street 2 3 1,840 $330,000 $315,000 $171 80 days 3/19/21
1005 13th Street 3 2 1,280 $325,000 $305,000 $238 59 days 1/29/21
1290 B Street 3 2 2,040 $315,000 $305,000 $149 73 days 2/1/21
528 5th Street 2 3 1,400 $280,000 $295,000 $210 64 days 3/12/21
1464 L Street 3 2 1,172 $295,000 $293,000 $250 78 days 1/29/21
Average: 3.1 2.4 1,848 $256,662 $252,036 $195 99 days
Viewing 1 - 20 of 53
Viewing 1 - 20 of 53