Tri-Lakes (Monument, Palmer Lake, and Woodmoor) Real Estate and Area Information
The Tri-Lakes area is located about 20 minutes north of Colorado Springs and consists of the towns of Monument, Palmer Lake, and the luxury community of Woodmoor. With beautiful views, a short drive to Colorado Springs and a convenient drive to Denver makes the growing Tri-Lakes area a popular place to live. The area is situated in rolling hills with beautiful wooded lots. You can find many custom built homes larger lots ranging from ½ - 5 acres in this area.
If you are interested in a new construction home, resale homes, land, or luxury homes in Woodmoor, Palmer Lake, Monument, or the Tri-Lakes area as a whole, please feel free to email me and I would be more than happy to assist you in any way possible.
Monument and Palmer Lake Neighborhood Aerial Tours
Palmer Lake
Bent Tree
Tri-Lakes Area Home Search and Market Information
Major Zip Codes- 80132 & 80921
School Districts- Lewis-Palmer School District #38
Ave Home Price – Approx. $490,000
Home Price Range – Approx. $330,000-$1+ Million
Major Neighborhoods - Woodmoor, Palmer Lake, Kings Deer, Bent Tree, High Forest Ranch, Gleneagle, Jacksons Creek
For more detailed Tri-Lakes information you may find some useful information with our neighborhood community information tool. This is a great resource offering community characteristics, maps, aerial & "birds eye" views, nearby schools and school information and nearby attractions and amenities
Tri-Lakes (Monument) Real Estate Market Trends
All real estate is local, and conditions for the Colorado Springs real estate market can change dramatically between individual areas, neighborhoods, and price points. Understanding the market dynamics involved in the broader real estate market, the individuals areas, the specific Colorado Springs neighborhood and specific home price point becomes critical when you end up putting an offer in on your next Colorado Springs home.
Total Sales
The chart to the right shows the total number of home sales for the entire Tri-Lakes area year over year. This helps give a very basic feel for home sale activity trends in the broader Tri-Lakes area.
Total Tri-Lakes home Sales Year over year, colorado springs
Average Sales Price
The chart to the right shows the year over year average sales price for homes in the broader Tri-Lakes area. This shows the basic trend of home values for the entire Tri-Lakes area.
Average Home Sales Price for Tri-Lakes Area, Colorado springs
Average Days on Market before Selling
The chart to the right shows the average days a home was on the market before it went under contract. When for sale home inventory levels are high we are in a buyers market and the average days on market will be higher with downward pressure on prices. With lower inventory levels the ave days on market will be lower, a sellers market, with upward pressure on home prices.
Average days on the Market before going under contract. Tri-lakes, colorado springs
Neighborhoods in the Tri-Lakes (Monument) Area
Laura's Tri-Lakes Area Blogs
Historically, the choice between renting or buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!