Colorado Spring Real Estate Market Update as of 3-31-08 The Definition of Absorption Rate:  Number of months it takes to sell the current inventory at the present rate of sale The commonly accepted separation between Markets is: Seller's Market  1 - 5 Months Supply - Prices can increase Neutral Market  6- 7 Months Supply - Prices Stables Buyers Market  8 Months Supply & Above - Prices can decrease Area of Town 3 month Absorption Rate1/1/08 - 3/31/08 6 month Absorption Rate10/1/07 - 3/31/08 12 month Absorption Rate4/1/07 - 3/31/08 Market Condition           East 5.2 6.5 6.8 Neutral Powers 5.7 7.1 7.2 Neutral Central 6.3 7.2 7.6 Neutral Northeast 5.6 7.1 7.7 Neutral Fountain 6.4 7.7 7.8 Neutral Northwest 5.9 8.8 8.6 Buyers Briargate 5.7 8.0 9.1 Buyers Southeast 6.4 7.9 9.2 Buyers Old Co... 04/12/2008

 Real Estate Representation in Colorado How are you being Represented – Are you being Represented? What is your Realtor’s responsibility? In Colorado there are several different ways you can be represented in a Real Estate Transaction by a Realtor.   As a consumer, it’s important to understand how you are being represented, and what responsibilities the Realtor has as part of this representation. Transaction Broker – This is the default position in Colorado.  A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction without being an agent or advocate for any of t... 04/12/2008

Market Report for Antelope Creek 3/11/2008-4/11/2008 Antelope Creek is located east of Austin Bluffs off Dublin Blvd and is northwest of the Sundown subdivision.  There has been quite a bit of activity in Antelope Creek over the last month:Homes for Sale:  10 Average List Price:  $302,770Homes Under Contract:  4Sold homes:  1Average days on Market for Sold Homes:  48 days Absorption Rate for activity over the past month:  43 weeksAbsorption Rate for activity over the past quarter: 32.5 weeksFor further information on available Homes in Colorado Springs contact your Colorado Springs Realtor, Patricia Beck. 04/11/2008

It seems strange to think about resale when you have not even bought your Colorado Springs home yet but I always remind buyers of this very important detail during their home search.  No matter how long you plan to live there, you need to think about resale.  Even if you plan on never moving again, things change, so you can't be absolutely sure of that!  Maybe you don't mind living across the street from a busy park, having power lines so close to your home you can hear them, living on the corner of a busy intersection, or having a terrible view from your backyard but remember, another buyer will when the time comes to sell your home.  It is wise to buy a home that will be easy to sell down the road so you need to consider the location, condition, floor plan, and price of the home.  If... 04/10/2008

Colorado Springs Pricing -- Average Price by Square Foot by Zip Code     If you would like the complete report including information on average price by zip code, average days on market, and average age of houses by zip code, email Kathy at KTorline@msn.com and she'll send the FREE Market Report information to you. KAT, an expert you can trust! 04/10/2008

 Colorado Springs Real Estate Market Statistics - Average Sold Price by Zip Code    If you would like the complete report including information on average price by zip code, average days on market, and average age of houses by zip code, email Kathy at KTorline@msn.com and she'll send the FREE Market Report information to you. Kat, an Expert You Can Trust! 04/10/2008

Newport Heights is located just east of Cottonwood Park and Rangewood.  This area is bordered by Dublin and Austin Bluffs.  There are great views of Pikes Peak from many of the homes and walking trails nearby Cottonwood Creek.  There is also a shopping center conveniently located off Dublin and Austin Bluffs.  Builders in this area include Campbell, Hallmark, Richmond, Keller, Vantage, and Classic Homes.  Homes were built from the late 1990's onward and consist primarily of 2-story and ranch style floorplans.   Market Analysis:  3/9/2008-4/8/2008 There are currently nine properties for sale in the Newport Heights subdivision of Colorado Springs with the average list price at $303,477.  Within the last month, three homes have sold in this Colorado Springs area and one has gone under cont... 04/09/2008

As a native of Colorado Springs and now a Colorado Springs Realtor, it's important for me to stay on top of the trends and the latest information in the local real estate market. The Gazette newspaper has just released a study in cooperation with the Pikes Peak Association of Realtors (PPAR) which breaks down each neighborhood in Colorado Springs and compares them over the last 11 years (since 1996). There's a lot of great information here, from the overall appreciation of each neighborhood to the average price per square foot.I grew up in the Woodside neighborhood in Briargate so this subdivision is of particular interest to me, plus I have a wide range of knowledge of the history of the area. With an average of 65.05% appreciation over the last 11 years and an average price per square... 04/09/2008

As a Colorado Springs real estate agent, I do my best to know the trends and stats about our local market. The Gazette (the daily newspaper here in Colorado Springs) has recently released a very comprehensive analysis of the local Colorado Springs market over the last 11 years. It focuses very specifically on the neighborhoods and subareas of Colorado Springs. Check out the full article and the specifics for Rockrimmon. Overall, Rockrimmon has seen 80.8% appreciation in the past 11 years (just above the average for El Paso County) and houses pull a price of around $170 per square foot. Please contact me if you would like more information about the Rockrimmon area or other neighborhoods in Colorado Springs. 04/08/2008

Vista Mesa is located off of Vickers and is located between Rangewood and Flintridge across from Martinez Elementary School (School District-11) in the Northeast area of Colorado Springs.  Cottonwood park is also within walking distance of this neighborhood.  Vista Mesa sits below the Dakota Ridge subdivision of Colorado Springs.   Many of the homes in this subdivision are 2-story , tri-level, and ranch style homes that were built from the mid to late 1990's.  Harmony, Saddletree, Integrity, Allure, and Ashcroft Homes were among the builders with Classic homes being the most predominate in this Colorado Springs Subdivision    Market Analysis:  1/8/2008-4/8/2008There are currently five homes for sale in the Vista Mesa Neighborhood with the average asking price at $272,360.  Over the past... 04/08/2008

 Through March 31st of this year, 1,811 single family homes have sold through the Pikes Peak Multiple Listing Service.  722 single family homes sold in March - a higher number than the previous four months, and just one home shy of October's 2007's sales - and better than September's 695 sold homes.  While the trend of lower-priced home sales is continuing, March's average price ($236,503) and median price ($202,000) were up from the last two months.                                                                                  98 townhomes/condos also sold last month. Inventory remains high, with 5,849 active single family listings in March.   Since areas vary greatly with days on market, list price to sales price ratio, and average price, please call us for specifics on your neighbo... 04/08/2008

Snowy River Park is located in the subdivision Ridgeview at Stetson Hills off of Snowy River Drive between Tutt Blvd and Poudre Way.  There are sitting areas, a field, a basketball court, and a playground. The park stays pretty busy since it is in the middle of the neigbhorhood and there are often games taking place, kids playing, or people taking walks.  There are great views of Pikes Peak from the park as well!                                                                                       Search for homes in Colorado Springs For more information on Colorado Springs Real Estate or the Colorado Springs Area contact me or visit my website. 04/07/2008

Here are the active homes for sale in Greenhaven - Stetson Hills - Colorado Springs real estate market. No homes in Greenhaven sold in March 2008. MLS#AddressBed, BathTotal SFFinished SFAsking PriceDays on Market5547927067 Silverwind3,32,2582,351$244,900165787356624 Abbeywood3,31,7242,555$245,000305168377099 Silverwind3,31,6972,484$249,900454360586573 Abbeywood4,42,4302,555$265,000325080266574 Thistlewood4,42,9462,996$275,000584287976667 Silverwind4,33,0813,160$286,0002495316406673 Thistlewood3,32,0082,996$291,900134567086882 Silverwind4,42,8972,996$295,000745525436593 Thistlewood3,32,6992,996$295,0001445693206676 Finecrest4,42,9702,990$299,999375944086826 Silverwind4,42,9962,996$315,9003114373246643 Thistlewood5,43,4063,467$329,9001584914366915 Silverwind5,33,0543,106$334,00025  Poste... 04/07/2008

The Colorado Springs real estate market is experiencing more movement this Spring. We are seeing more than half as many homes selling (56%) as going on the market for the month of March 2008.New Listings: 875 homes for saleAverage List Price: $ 302,236Lowest Average List Price: Southeast Colorado Springs (S/E): $143,541Highest Average List Price: Tri-Lakes/Monument (TRI): $533,654Search Homes for Sale in Southeast Colorado Springs Real EstateSearch Homes for Sale in Monument Real EstatePending Sales: 295 homes went under contract in March 2008Sold Homes: 195Average SOLD Price: $257,152The Southwest (S/W) area of the Colorado Springs real estate market was the closest to the average sold price, at $262,755.Search Homes for Sale in Southwest Colorado Springs Real EstateLowest Average Sold... 04/07/2008

  Single Family Homes for Sale in Stetson HillsActive Homes for Sale:270 Low Asking Price:$155,000 High Asking Price:$499,900 Average Asking Price:$259,244 Median Asking Price:$239,500 Average Days on Market:101 days    Pending Sales in Stetson Hills:52    Sold Homes for Sale:55 Low Sold Price:$154,000 High Sold Price$352,000 Average Sold Price:$218,483 Average Days on Market:102 days    Colorado Springs Real Estate Connection  -  Monument Real Estate ConnectionGreenhaven Real Estate Connection  -  Stetson Hills Real Estate Connection 04/07/2008

Wagon Trails is a subdivision located off of Dublin just north of the Sundown with the closest major intersection being Dublin and Powers.  Neighborhood is eight years old and builders in this area of Colorado Springs include:  Keller, Richmond, John Laing, Hallmark, Creekstone, and Pulte Homes.  Most of the floor plans in the area are 2-story but you will also find some ranch style homes as well.  There is a neighborhood pool, picnic areas, and access to walking trails.  There are currently 31 properties for sale in the Wagon Trails subdivision with the average list price at $273,343 3 homes have gone under contract in the past month and 5 have sold.  The average sales price for sold homes is $243,780 with an average of 149 days on the market.    Search for homes in Colorado Springs Fo... 04/07/2008

Town Homes and Condos for Sale in Stetson HillsActive Homes for Sale:35 Low Asking Price:$121,500 High Asking Price:$258,763 Median Asking Price:$176,000 Average Asking Price:$182,196 Average Days on Market:87 days    Pending Sales in Stetson Hills:7    Sold Town Homes and Condos:5 Low Sold Price:$139,900 High Sold Price$172,166 Average Sold Price:$157,332 Average Days on Market:62 days        Colorado Springs Real Estate Connection  -  Monument Real Estate ConnectionGreenhaven Real Estate Connection  -  Stetson Hills Real Estate Connection 04/06/2008

Powers, Colorado Springs Market ReportThe Powers area in Colorado Springs covers almost 22 square miles and includes Peterson Air Force Base and the Colorado Springs Airport. The northern and southern boundries are Woodman and Drennan respectively. The east and west boundries are Marksheffel and Powers Blvd. The neighborhoods in the Powers area include Stetson Hills, Ridgeview at Steston Hills, Springs Ranch, Cimarron Hills, Constitution Hills, Rustic Hills, Eastborough, and Northcrest. School districts are serviced by Colorado School District 11 and Falcon School District 49.  New Homes on the Market: 101 (Average List Price:$222,941)Under Contract: 40 (Average List Price:$202,814)Sold: 26 (Average Sold Price:$198,839)Average Days on Market for sold properties: 85Sold Price vs. List Pr... 04/05/2008

Springs Ranch is a large Colorado Springs neighborhood in the eastern part of town that is centered around the Springs Ranch Golf Course and offers newer single family homes, patio homes, condos and town homes. Spanning views of the Rocky Mountains and Pikes Peak, coupled with it's convenient location has made Springs Ranch a great place to call home for many Colorado Springs home buyers.Springs Ranch Boundaries:South: Just North of Constitution Blvd. (Northridge, Cimarron Hills and Cimarron Eastridge) East: Marksheffel Blvd. (Banning Lewis Ranch neighborhood) West: Powers Blvd. North: Barnes Road (Stetson Hills neighborhood) The Springs Ranch neighborhood is:Home to the Springs Ranch Golf Course and Golf Club A straight shot down Powers Boulevard to Fort Carson Army Base (15-20 minute ... 04/04/2008

The numbers are in for March and it's a mixed story, some good some bad. Listing Volume was off 18.9%. For March 2008. This is actually good as it seems to indicate the buildup of listing inventory may be leveling-off. Don't forget, we are heading into the busy buying season and this is when we generally see an increase in inventory. Those of us that have been counseling buyer to get off the fence may actually been giving good advice.On the down side, demand was off the same amount, with sales at 722, off 19% from March 2007, a bad March for most sellers. More bad news, our average sales price for March was $236,503, this is off 7.2% year to date. Now for some good news, February’s average selling price was in the basement, so $236,503 was actually a $10,000 gain over February, so a 3% ... 04/04/2008