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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 )
At Gazette.com, there is a neat neighborhood snapshot tool that will give you data on 78 different Colorado Springs neighborhoods.The data was taken from the El Paso County Assessors office and includes snapshots of:Neighborhood information Average sales and appreciation from 1996-2006 Average house statistics Neighborhood photographs Check it out here: CS Neighborhood Snaphots(And, be sure to check out the Wagner iTeam's detailed Colorado Springs Neighborhood Reports.)Posted By: Mariana Wagner - Colorado Springs Real Estate Agent*This information can also be found at Colorado Springs Real Estate Connection.*
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David Bamberger and Associates have published an analysis of the Colorado Springs housing market for 15 years. This is a significant analysis that is designed to provide insight into current industry trends and to draw conclusions about where the market is likely to go in 2008 and through 2009.Here is a brief excerpt that looks at two possible scenarios for the Colorado Springs Real Estate Market...  “Melt-down” scenario:The Fed’s action to lower short term rates was too late. The US economy falls into recession in the early months of 2008. In 2008 the Colorado Springs economy follows the path set by the US economy. Feeling the impact of the US recession, the local economy slows dramatically. Single family housing starts decline to 1,600 in 2008.In 2009 the national economy starts to pu...
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By Carey Goldberg
(Epic Real Estate Group)
Ridgeveiw at Stetson Hills is in the Northeast area of Colorado Springs.  It is roughly bordered by Powers on the West, Peterson on the East, Stetson Hills on the South and Dublin (ish) on the North.  The area was developed in the late 90's and is still being built out.  The major builders are (were): Pulte, Melody (now part of D.R. Horton), and John Laing.  The townhome developments were done for the most part by Pulte.  Having sold many homes in the area I was asked by a client to run a list of the active properties.  I thought I would share my findings.  Currently there are 103 properties available for sale.  Of those 10 are townhomes.  The stats are as follows:  Low list price is $144,400 (bank owned property) and the high list price is $440,000 with an average price of $228,294.  D...
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Conclusion: Lots of Data, How to Spot Trends?Merrill Lynch and Citicorp, as "blue-chip" as they come are now looking for new CEO's due to billions in losses on subprime mortgages and the collateral damage suffered to their lines of credit from these losses. Holy Headlines, Brian Williams. The bottomline for the casual consumer is that "after sub-prime" (the era in time we all now live in) the high-risk, high-reward mortgage-money-making machine no longer exists. Lenders are now forced to self-police their entire portfolio. Money was ridiculously easy to get six months ago. It's a lot harder right now. That's why if you have cash and you have good employment history you are a powerful buyer right now, even if your credit has a ding or two. Lending based strictly on credit is why lenders ...
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Hard-Boiled Data:Number of Single Family Listing Sold in October (%+/-): 723 Year to Date: 8685Average Selling Price All Single Family (% +/-): October $243,160 Year to Date: $260,618Median Selling Price Single Family (% +/-): October $205,000 Resale: $199,900Condo Average Selling Price (% +/-): October $154,737 Year to Date: $175,239Condo Median Selling Price (% +/-): $139,900Months of Inventory, Locally: 8.94 Nationally: 10.3All PPAR Single Family HomeStats: Price Differential (Sold/Final List): 97.6%Average DOM (only applies to sold listings): 89 Days to ContractPercent of Listings that have sold (YTD): 46.9%Advice for:SELLERS: You are either remarkable or you are invisible. Buyers will not remember a property that does not "grab them". As a seller faced with a one in nine chance of ...
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Introduction:This information is intended to provide our clients with a comprehensive view of the Pikes Peak Regional Real Estate Market. This document is intended for, Residential Real Estate Owners, Sellers, Buyers, Investors and Builders. The goal is to provide factual data and isolate opportunities in a changing real estate market. Real Estate sales and acquisitions are after all investments and all investments involve a certain degree of risk. We hope this document helps make your decision to buy or sell easier, or at least better informed.THE RULES:There are many rules in a fluid real estate market, but here are a few that we believe hold true IN ANY MARKET•LOCATION, IS STILL VERY IMPORTANT•MONEY IS MADE ON THE BUY•SELLERS SET ASKING PRICES; BUYERS DETERMINE VALUE•BUYERS BUY VALUE...
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By Tony DeHaven
(Keller Williams)
I know you're not one of them, but some people think that Real Estate is an easy profession!  I'm here to tell you that this is not true.  Real Estate is probably one of the hardest jobs anyone could ever do.  My goal in Real Estate is to Work Extremely Hard to make the sale or purchase of your home as easy as possible.  I often have to work from 7AM to 10PM 6 or 7 days a week to accomplish this, but it is worth it when I see the joy my clients recieve from their new home.  You are welcome to check out my web-site www.MyCosHomes.com to find out more information about Real Estate in Colorado Springs.  Feel free to send me a message and I will respond ASAP.  Have a great day!Tony
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By Thomas Jago
(Prudential Professional)
This Real Estate Market Report is for the Briargate area in Colorado Springs Colorado for the month of October 2007. 11 homes sold up from 6 in September. 41 homes were put on the market and 18 are currently under contract. The average listing price for a home in Briargate is 298,674 and the average selling price is 300,071, this means sellers in this area get on average 101.41% of their asking price. The average time a home stays on the market in Briargate is 89 days.  Helpful Links:More info on Briargate Real EstateLook at September reportSearch for a Home in BriargatePosted by Briargate Real Estate.  Please Visit HomesOnlineCoSprings.com
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By Mike MacGuire
(The MacGuire Team)
East Colorado SpringsThe East Colorado Springs MLS neighborhoods are moderately priced residential areas east of downtown.  These areas are typically hilly with well-established neighborhoods built mostly in the 70's and 80's featuring larger suburban lots with mature trees and views. This region of Colorado Springs boasts extensive walking trails, schools, parks, shopping and hospitals.  Village Seven, Villa Loma, Old Farm and Park Hill are neighborhoods in the East Springs area.  These neighborhoods offer fabulous views of Pikes Peak! Appreciation, 1996-2006: 49.61%Area Statistics - East Colorado Springs  -                                      Average Sales Price - $190,812                                                                        Average Days on Market - 62              ...
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By Kristen Senn, Colorado Springs Military Relocation
(Keller Williams Hope Realty)
USNORTHCOM is headquartered at Peterson Air Force Base in Colorado Springs, CO. It was established in 2002 after the attacks on the World Trade Center to aid in Homeland Defense.  While most may know about NORTHCOM’s homeland defense many may not know that also provides military assistance to civil authorities when needed. According the USNORTHCOM website, their civil support mission “includes domestic disaster relief operations that occur during fires, hurricanes, floods and earthquakes. Support also includes counter-drug operations and managing the consequences of a terrorist event employing a weapon of mass destruction. In providing civil support, USNORTHCOM generally operates through established Joint Task Forces subordinate to the command. An emergency must exceed the capabilities...
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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. There are 730 active properties in the Powers area. Prices range from $66,400 to $569,900. Sizes range from 896 sqft townhomes to 4990 sqft homes.New Homes on the Market: 75 (Average List Price:$220,218)Under Cont...
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By Mike MacGuire
(The MacGuire Team)
Central Colorado Springs, DowntownThis area is a large section of the city of Colorado Springs that includes the downtown business district. Homes range from 1950's ranch style homes to turn-of-the-century Victorian mansions. Hundreds are drawn to live in Colorado Springs's newest "old" neighborhood. Short commutes, ample amenities and of course, breathtaking mountain views make downtown a great choice for an active, convenient and increasingly "green" lifestyle.With close to 200 new housing units completed since 2000 and several hundred more in the planning stages (from street level to high rise), opportunities for living downtown have never been better. Easy access to parks, arts and culture, shopping, dining, personal services and the office (especially if it's in your live/work loft...
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By Janelle Walston
(Walston Group Real Estate )
As a member of the Colorado Springs Business Improvement District Board, it has come to my attention (probably sooner than other citizens) that a budget crisis in our city is forcing leaders to consider cutting public transportation.  One of the routes on the chopping block is our free downtown shuttle.  I strongly object to this, and here are a few of the reasons why:Every downtown functions with the help of a reliable public transportation system.  It is essential to bring shoppers, residents and business people into the area. We already have a very limited parking situation. The shuttle offers a great alternative to driving, and it frees up parking spaces that are so important to retail success. This is the 2nd most popular route in the city!  Couldn't we cut public transportation co...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
Here is a look at the Greenhaven Real Estate housing Market from October 1-31, 2007: Average List Price: $271,659 Low Asking Price: $215,000 High Asking Price: $350,000 Active Homes for Sale: 11 Pending Sales: 2 Sold Homes: 1 Average Sold Price: $275,000 (156 DOM) << Check out all Homes for Sale in Greenhaven >> Comments: It is taking a well-priced home in Greenhaven about 4 months to sell. The last "new" home sold last month. With John Laing officially moved out of the neighborhood, resale appreciation rates have slowed down somewhat. << Check out the Neighborhood ... Living in Greenhaven >> Posted By: Mariana Wagner - Wagner iTeam at Keller WilliamsColorado Springs Real Estate - Greenhaven Resident and Real Estate Expert
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
Who knows ...  The new HOA (Sunrise Co.) would like to add many new home sites to the Kissing Camels gated Colorado Springs neighborhood community. How about some bridges? Maybe tear a few buildings down? What do the residents of the Kissing Camels Golf Course Community think about all of this?Well, according to a recent Gazette Article, the residents of this Colorado Springs neighborhood are not all yelling "Yay!" to these proposed plans. The Kissing Camels Estates offers some of the most desirable Colorado Springs Real Estate, and we all know that the proposed new home sites will all sell like hotcakes. THAT is not the issue. Residents are not happy about tearing up trees (which are already a commodity in Colorado Springs) and the factor that the new homes may block existing views.Ano...
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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 Real Estate Housing Market has remained pretty steady from September to October of 2007. Homes in Colorado Springs are still selling around the 3 month mark, and even selling for very close to asking price. Let's take a look at the data:Average Days on Market (DOM): 85This is UP from 84 day from September. Median Days on Market: 88 DaysHigh DOM: FAL at 142 Days.Low DOM: OCC at 58 Days. Comment: FAL consists of neighborhoods just east of Colorado Springs, like Woodmen Hills, Meridian Ranch and Paint Brush Hills.Average Sale Price (SP): $258,207This is DOWN from $292,194 in September.Median Sales Price: $233,958High Sales Price: TRI at $440,833Low Sales Price: WES at $136,130 Comment: There definitely was a drop in average sales from September, but 9 out of the 16 Col...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
A full page ad in the Gazette last Sunday was dedicated to thanking some Colorado Springs home builders for helping make the new Falcon - Vista Ridge High School a reality.The new Vista Ridge High School is located north of Dublin and Black Forest Road (just north of the Colorado Springs Greenhaven Neighborhood) and will be easily accessible from the Templeton Gap expansion to the west. Anyone who lives in D49 knows how desperately a new High School was needed, seeing as even though Sand Creek HS got an expansion it still was WAY overcrowded. The Colorado Springs Real Estate Market can really only grow east ... which is D49 land for the most part.The Falcon School District put out this "Thank You" ad thanking the D49 Board of Education, parents, children and included a very special mess...
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By Ken and Sandy Wickham
(RE/MAX Real Estate Group)
We just found a website we weren't familiar with - Peak Radar.  It's a full directory of Colorado Springs events, including sports, festivals, history and heritage, music, downtown events, plus many others.  We love the City of Colorado Springs site - a comprehensive site that includes pages and links to City Council, City Planning, Transportation, Public Safety, Parks and Rec, Visitors and Vacations, City Cultural Services, City Jobs, and more. 
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
Selling your Colorado Springs home during the Holiday Season is not impossible - as many people seem to think. In fact, selling your home during the "supposed" off-season could be a GREAT idea. First, many folks pull their homes off fo the market and wait until Spring to relist. This means that you will have LESS COMPETITION when trying to sell your home.Second, although there may be less Buyers out looking at homes, you can be sure that the ones that ARE out looking at homes are MOTIVATED Buyers. The Looky-Loos of the warmer months have hibernated for the Winter, leaving only folks that are ready to BUY.Now, if you are SERIOUS about selling your Colorado Springs home and currently have it listed, or want to list your Colorado Springs home this Winter, here are a handful of helpful tips...
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By Mike MacGuire
(The MacGuire Team)
When considering Colorado Springs Real Estate, Briargate is an option that tops many lists. Briargate is a master planned community that overlooks the Rocky Mountains.  Located on the north end of Colorado Springs, just east of the Air Force Academy, Briargate features many cul-de-sac neighborhoods.  It is a community where quality of life comes first. Briargate offers top quality housing, the most progressive education available, easy access to recreational opportunities, numerous retail, professional, medical and family entertainment centers and employment all within a short walk or drive. Briargate Colorado Springs has become one of largest and fastest growing areas in the northeast section of Colorado Springs, encompassing nearly 10,000 acres and establishing itself as one of the mo...
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