Village Seven Market Report – Summer 2011

Village Seven Market Report – Summer 2011

Village Seven is located in the EAST section of the Colorado Springs MLS.  A subdivision that was designed and built with seven separate ‘villages’ in mind, it was a concept that was a brain-child of the 1960s and 1970s.  It is generally considered bordered on the South by Constitution, on the East by Powers, on the West by Academy, and on the North by Barnes.

Most of the homes in this area were built in the 1960s and 1970s and are classic bi-level, tri-level, and four-level homes.  Homes generally run $200,000 and under, except for the larger four-level homes ‘higher’ up the hill.

The ‘typical’ Village Seven home has three or four bedrooms, two baths, and a one-car garage.  They are often noted for their large lots, and it is a family-friendly area with schools, parks, churches, hospital, and grocery stores within walking distance.

During the summer of 2011, an average of 21 homes per month were sold.  With 131 listings currently, there are 6 ¼ months of inventory in this end-of-summer market.

By Mimi Foster

About the Author

Mimi has received the honor of being voted one of Colorado Springs' Best Realtors five years in a row. With over two decades of experience, she is committed to making the home buying/selling process as easy and enjoyable as possible. Read Full Bio…

Helping buy and sell homes throughout Colorado Springs, Old Colorado City, Manitou Springs, and surrounding areas

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