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Colorado Springs, CO Real Estate News

By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
Welcome to this meticulously updated 4-bedroom, 4-bathroom home that combines modern amenities with exceptional comfort. This home offers a versatile floor plan that includes a main level office, which can easily be converted into a 5th bedroom, providing ample space for family, guests, or a dedicated home office. New, energy-efficient windows bathe each room in natural light, and luxurious vaulted ceilings on the main level enhance the fresh, modern aesthetic. The kitchen is equipped with steel appliances, including a double oven and a top-of-the-line refrigerator, perfect for culinary enthusiasts. The laundry room, conveniently situated off the three-car garage, includes a handy utility sink. The finished basement is a highlight, offering a rec room w/full wet bar. It's a perfect spac...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
The Colorado Springs Housing Market  did not see much shift from December 2007 and January 2008.  There was a little movement in average and median sales price, homes for sale are still selling around the 3 month mark. (Read the Full Report at: Colorado Springs Real Estate Connection)Let's take a closer look at the data for the real estate market for January 2008:  Average Days on Market (DOM): 98High DOM: CEN at 200 Days. Low DOM: WES at 21 Days.   Read Also: 2007 Colorado Springs Real Estate Market Report: Annual Days on Market DataColorado Springs Real Estate Sale Price data:Average Sale Price (SP): $237,410Median Sales Price: $207,278 High Sales Price: MAN (2 sales) at $490,666 Low Sales Price: CEN (20 sales) at $162,450 Read Also: 2007 Colorado Springs Real Estate Market Report: An...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
The new Colorado Springs neighborhood of Flying Horse is beautiful and is located in Northgate and is home to the Flying Horse golf course and the K-12 Discovery Canyon Campus. We drive through Flying Horse on our way to our office (in Gleneagle) and are in constant awe of how beautiful this neighborhood is becoming. Posted By: Mariana Wagner - Wagner iTeam - Colorado Springs Real Estate - Monument Real Estate
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By Ken and Sandy Wickham
(RE/MAX Real Estate Group)
  Are you considering selling your home?  A little preparation before your listing consultation can help this adventure be more rewarding for you. Consider your time line.  Do you have to be somewhere else on a particular date, such as for a job relocation?  Are you planning door-to-door moves with a new purchase, or could renting temporarily be an option?  Do you want or need to move during the summer school break?  Or, will you be ready to move quickly when the right offer comes in?  Your time line will likely affect how aggressive you'll be with pricing your home.Look at your financial picture.  Do you have the means to pay your current mortgage while also paying for a second dwelling?  Will you have a comfortable down payment for you new home? What’s the situation with your current ...
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By Jay Carden, Colorado Springs Real Estate Top 10% of Agents!
(RE/MAX Properties, Inc.)
    This is a series of items that can and sometimes do go wrong in a transaction.  This post will focus on working with cooperating agent in a deal.  Many times the general public forgets or just don't know what our responsibilities are.  Our job is to inform our clients on either side of the transaction what delays or deal killers would be.   WORKING WITH A COOPERATING AGENT   1.Won’t return your phone calls, emails, faxes  1 - 3 weeks delay2.Transfers to another office or office closes in the this tough market  1 week3.Did not pre-qualify the client for Mortgage or Not solidified next home 2 weeks to deal killer4.Goes on vacation, leaves no one to handle transaction or leave it to a weaker agent 1 - 4 weeks5.Does not understand or lacks experience in Real Estate Transactions (Part Ti...
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By Jay Carden, Colorado Springs Real Estate Top 10% of Agents!
(RE/MAX Properties, Inc.)
    In the Colorado Springs Market in the last week I have have a rush of buyers start to look and just maybe they are talking about writing a contract.  I almost have forgotten how to write a contract and now I have 5 new clients that are getting very close.  Our company has seen a rise in showing on our listings has gone crazy.  On my one listing alone I have seen 7 buyers and 2 very serious.  Let's thank the Fed for lowering the rates even though we all know that Fed rates don't reflect the mortgage rates.  I am just trying to reinforce the point that now homes are on sale, rates are super low, and now is the very best time.  Lets get out there and sell and prosper.  Search Colorado Springs MLS 
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
I know that many local real estate agents, as well as local homeowners read what gets posted here on Active Rain, so this is a message to all of you...Sadly, John Arends of ReMax Properties passed away January 26, 2008 - just 6 days after his 61st birthday.He is survived by his wife (and REALTOR) Judy, 2 daughters and 3 grandchildren, and preceded in death by another daughter.We have worked with John and his wife Judy on several occasions in our real estate career, and our experiences have always been great. He will be truly missed.If you wish to pay your respects to one of the most influential and well respected REALTORS in Colorado Springs, there will be a memorial service in memory of John Arends: Friday, February 1, 2008 at 10:45 a.m.Woodmen Valley Chapel250 E Woodmen RoadColorado S...
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By Colorado Springs Real Estate
(eSalehomes.com)
West of I-25 and south of the Air Force Academy is another area of Colorado Springs that has grown rapidly in recent years and offers a variety of attractive housing options. Rockrimmon, with its rolling hills and dramatic bluffs, saw most of its development from the late 1960's through the 1980's. Its diverse housing stock includes apartments as well as town homes and single family residences priced from $150,000 to $450,000. Pinecliff, to the south of Rockrimmon, offers similar geography and price ranges. Just north of Rockrimmon, the Woodmen Valley provides a country atmosphere with larger lots. Bordering the foothills, are the newer neighborhoods of Peregrine, Mountain Shadows, Oak Hills, and Pinon Valley. Housing choices in these subdivisions range from fairly typical suburban trac...
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By Colorado Springs Real Estate
(eSalehomes.com)
Little more than 30 years ago, primarily antelope and prairie grass inhabited this section of the city. Since, then, it has grown faster than any other area. Early northeast development like Rustic Hills, Village Seven, Garden Ranch, Vista Grande, Erindale, and Falcon Estates extend northward along Academy Boulevard. Homes in these neighborhoods offer typical suburban amenities and prices from $100,000 to $300,000. More recent construction in a similar price range is available in the Briargate area east of I-25 and Academy Boulevard, and in Norwood, Columbine Estates, Old Farm, and Stetson Hills.Colorado Springs Real Estate
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By Colorado Springs Real Estate
(eSalehomes.com)
The sprawling U.S. Air Force Academy campus precludes most northward development between I-25 and the mountains. The area east of the Interstate, however, is poised for rapid growth. Existing neighborhoods include Black Forest, a heavily treed area of homes on lots of five acres or less, and the country club community of Gleneagle, directly across I-25 from the academy. Farther north, the Tri-Lakes area which includes the small towns of Monument and Palmer Lake, the Woodmoor development (and their three namesake lakes) is attracting more and more residents who don't mind the 15 to 20 minute drive to Colorado Springs. This area is also popular with people who commute to jobs in Denver. Home prices in the Tri-Lakes area range from $150,000to more than $450,000, while Gleneagle's single-fa...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
If you are looking to move to Colorado Springs, or just want to find a very well-paying job here, you should check out Ladders.com. This new site is dedicated to jobs that pay no less than six figures a year.And like the "other" job search sites, you can search for jobs in Colorado Springs yourself or you can post your resume and let potential employers find you.Either way, this is a great opportunity for people who live in Colorado Springs - or plan on moving to Colorado Springs to find that PERFECT job.Thank You Colorado Springs Business Journal for the tip! Posted By: Mariana Wagner - Wagner iTeam - Colorado Springs Real Estate - Monument Real Estate
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
Derek and I had the opportunity to spend the day showing homes for sale to an awesome couple from Deluth, Minnesota today. They are out here for a couple days to figure out exactly WHERE in Colorado Springs they want to live. Derek and I met Mr. and Mrs. S in the morning and began our tour of homes for sale. This tour consisted of town homes in Rockrimmon, single family homes for sale in Oak Valley Ranch, town homes in Pinon Valley and town homes for sale in Holland Park.It was amazing the variety of homes that fit their criteria. Some were in amazing condition - model like even, while others were, well, NOT model-like whatsoever. The tough decision boils down to:"Do you pay more for a home that has been completely updated and needs NO work?" This would apply to a beautiful 3 bed town h...
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By Ken and Sandy Wickham
(RE/MAX Real Estate Group)
You've thought long and hard about buying your first home.  You've considered the pros of home ownership - the satisfaction of achieving the milestone of a place to truly call "home", the tax breaks, and the equity you can build while paying your own mortgage, not someone else's.  You've also considered the cons - no landlord to fix that broken dryer, that you're not quite as footloose, and that your future "disposable" income may tend to be spent at Home Depot instead of the luxury car dealership. If you've been a resident of Colorado Springs for awhile, you may already know what neighborhoods appeal to you.  If not, consider your lifestyle, and what matters most to you - convenience to services vs. quiet;  commute time; newer homes vs. established neighborhoods; square footage vs. upg...
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By Jay Carden, Colorado Springs Real Estate Top 10% of Agents!
(RE/MAX Properties, Inc.)
You have got to be kidding me. I just receive a new rate sheet and a 30 yr. fixed is less than 5.5% with no points. These are the kinds of rates that fueled the last go around of a great market. In our market we saw a slow down for the last 18 mos. or so. The rocket fuel has fumes leaking and I feel that we are going to go up in flames quick. I just know this is going to get going. Many people are talking that the stock market is not the place to be right now, bonds are no good, and real estate is cheap. My guess, the banks are ready to lend to good people and are all but giving money away. The new FHA rules are looking more and more like a zero down option with talk of a 1% down payment. Shoot I can get sellers to pay that and closing costs when you add 2% to the asking prices because ...
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By Brian Lloyd, Pikes Peak Colorado Areanulls Expert
(Woodland Park Colorado Real Estate - Wegwood Properties)
Are you looking to buy A new home or Vacant Land in the Pikes Peak Area of Colorado? If so this is the best time in a long time to get a great deal. People are wanting to sell for various reasons and since this is a slower than normal market people are having to lower their prices if they want to sell. You may be asking yourself why would people be willing to take a loss? Well the only people that are going to be taking any kind of a loss are people that bought within the lat year or maybe 2 unless they paid way to much in the first place, Which there are people like that. I have seen people that bought homes or land that were listed for sale by owner or to some people FSBO. Unfortunately these people came from a different part of the country where things were priced for significantly m...
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By Brian Lloyd, Pikes Peak Colorado Areanulls Expert
(Woodland Park Colorado Real Estate - Wegwood Properties)
I just wanted to post this information to help people out that are looking for area businesses. This site Pikes Peak Area Business Directory has up to the minute news and information about the pikes peak Colorado Area and they allow business owners to add their listing for free or you can upgrade your listing for a small yearly fee which as you will see i did to mine since i have had such good responses to this and extra business from them. They aslo have a place and a blog where you can post or look at videos and photos of the pikes peak area, Their are some pretty cool stuff that people have posted on here. Some people have asked me why do you post about someone elses site do you get something out of it? I tell them yes, i advertise my business on there and the more people that go to ...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
In 2007, the Greenhaven Real Estate market shifted right along with the rest of the city. The beginning of the year brought us the final John Laing brand new sales of the neighborhood. In a neighborhood of just under 250 homes, 8% (21) of the homes sold. It looks like the most homes sold in May, August and December and the average days on market for homes that sold were 107 days, or 3 ½ months. The average sale price for homes that sold was $265,611. Only 2 homes broke the $300,000 mark in 2007: 6524 Thistlewood (Brand New Windchime Aria) sold in May of 2007 for $321,136 6602 Euclid Drive (Resale Windchime Dulcet) sold in August of 2007 for $303,000 We enter 2008 with 8 homes for sale, and 1 home under contract: 6507 Silverwind: $224,900 6723 Abbeywood: $255,900 6715 Silverwind: $265,0...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
The Greenhaven Real Estate market was pretty active in the last month of 2007. There were 8 homes for sale: Priced from $224,900 - $329,900 Average Days on Market: 135 days (51 days - 221 days) 3 Cottage Series homes and 5 Windchime Series homes Four homes for sale went under contract and/or sold in December of 2007: 6593 Abbeywood Drive - Under Contract 6744 Abbeywood Drive - SOLD Asking Price: $239,700, Sold Price: $232,500 Days on Market: 30 days 6664 Thistlewood Drive - SOLD Asking Price: $245,900, Sold Price: $240,000 Days on Market: 44 days 6632 Euclid Drive- SOLD Asking Price: $300,000, Sold Price: $290,500 Days on Market: 102 days For more information on how much you can sell YOUR Greenhaven Home for, please contact the Wagner iTeam: (719) 570-7715 Posted by: Mariana Wagner - Wa...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
The Colorado Springs housing market saw a strong relationship between asking price/list price and sale price (LP/SP) in 2007. On average, homeowners in Colorado Springs received 97.71% of asking price.Neighborhoods with the HIGHEST LP/SP ratios were:PWR (East of Powers Blvd.): 98.80% F/V (Fountain Valley / Fort Carson): 98.58% BRI (Briargate): 98.52Read more information on the definitions of the different Colorado Springs MLS Areas and Boundaries.Neighborhoods with the LOWEST LP/SP ratios:MAN (Manitou Springs)*: 95.32%*Manitou Springs is a very eclectic town, with homes for sale in all price ranges and all conditions. Accurate comparables are difficult to find, which could explain the low LP/SP ratios for this area. S/W (Southwest / Broadmoor): 96.21% WES (Westside): 96.21% No matter wh...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
In 2007, the Colorado Springs housing market saw an average of 1,040 new homes go on the market every month and an average of 308 homes sell every month. In 2007:19,969 homes for sale went on the market 9,709 homes went under contract 9,547 homes sold Most homes for sale went on the market in May of 2007: 2,234 homes.The most homes for sale in Colorado Springs SOLD in April (943) and May (804).Read Also: The BEST Times to Buy and Sell Real Estate in Colorado SpringsColorado Springs neighborhoods with the most homes for sale were:PWR (East of Powers Blvd.): 2,373 homes F/V (Fountain Valley/ Fort Carson): 2,297 homes N/E (Northeast Colorado Springs): 2,019 homes Read more information on the definitions of the different Colorado Springs MLS Areas and Boundaries.The Colorado Springs real es...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
Great News! Colorado Springs homeowners saw a healthy appreciation in 2007! The Colorado Springs real estate market saw an average sales price of $269,075. This is UP from the 2006 average sales price of $264,755. In fact, Colorado Springs has seen great appreciation since the MLS started recording data in 1994. The average sales price in Colorado Springs has jumped $100,000 since 1999!Colorado Springs area neighborhoods with the HIGHEST sales prices:TRI (Tri-Lakes/Monument/Palmer Lake): $427,744 NGT (Northgate): $399,094 S/W (Southwest Colorado Springs/Broadmoor): $362,052 Read more information on the definitions of the different Colorado Springs MLS Areas and Boundaries.Neighborhoods in and around Colorado Springs with the LOWEST sales prices:S/E (Southeast Colorado Springs): $139,897...
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