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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 )
Here is the housing market data report for Greenhaven (Stetson Hills, Colorado Springs) from May 1, 2007 to July 22, 2007. This data was taken 7/22/07 from the Pikes Peak MLS and may not include all FSBO and New Build data.Overview: There are ...14 Active Homes For Sale in Greenhaven.o   Average Days on Market: 80o   Average Asking Price: $270,5333 Homes are Under Contracto   Average Days on Market: 824 Homes have Sold since May 1, 2007.o   Average Days on Market: 116o   Average Sales Price: $270,259Please note: There are 2 types of floor plans in Greenhaven, the Cottage Series and Windchime Series. The Cottage Series homes are smaller and offer a low maintenance lifestyle, and the Windchime Series offers more square footage and larger lots. These homes also differ in commanded asking p...
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By Dawn Jensen, Realtor - Colorado Springs
(Keller Williams)
A "Buyer's Market".....the term is thrown around casually; it's easy to use and slightly aloof, covering a wide range of market conditions, but still sounds smart and technical, even if you aren't exactly sure what you are talking about.If you have been telling your friends and relatives that the housing market in Colorado Springs is a Buyer's Market....you're right.  For now.  The market is dynamic, and will change.  The market is driven by many factors, and if you are paying attention you can identify the trends in the housing market and predict, in general, what the future holds.  This, in no way, is a guarantee, but will provide a good idea of upcoming events.The housing market doesn't turn on a dime.  The trends are slow going, and pretty circular.  As businesses move to the area, ...
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By Toby Lorenc, Make your next move your BEST move
(Rocky Mountain Realtors®)
According to research done and published in Men's Health Magazine, Colorado Springs ranks as the number one city for dogs because they are "happy, healthy, and well-cared for".As in any study, various factors were considered in order to come up with a list of these dog friendly cities. Interestingly enough, 9 of the top 10 cities were in the West. The article noted this is often because we have more room and open space for dogs to run freely and dedicated dog parks. In fact, Colorado Springs boasts of one of the Top 10 dog parks in the Nation, Beark Creek Park.Also, people in the West tend to have more dogs per captia leading to cities that realize this fact and cater to the high volume of dog-lovers.Of course, we can't forget that Colorado Springs has over 250 days of sunshine, which e...
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85th Annual Race To The Clouds Gentlemen start your engines! The 85th annual "Race to the Clouds" is finally here. The Pikes Peak Hill Climb is internationally known as the worlds highest auto race. The course is over 12.4 miles and starts at 9400 feet and climbs to over 14,000 feet. Cars, trucks, and motorcycles are all part of the Pikes Peak Hill Climb. The map of the track can be viewed HERE! Unique photos of past events can be viewed HEREPractice is July 17th-19thRace Day is July 21st and starts at 9:30am (gates open at 8am)Tickets can be purchased at King Soopers, Pikes Peak Highway Tollgate, Ticket West, and TCI Tire LocationsYou can contact me at dannyfollett@msn.com or VISIT COLORADO SPRINGS REAL ESTATE
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By Vince Kelly
(Kelly Realty Group)
An event of large proportion is scheduled to take place on August 22, 2007 in Colorado Springs.  The event location is scheduled to be at Crown Plaza (formerly the Colorado Springs Sheraton on Cirlce Drive) and the best supporting vendors the real estate industry has to offer is going to be on hand to improve your network to success.Fresh Agents and Seasoned Agents alike are encouraged to attend this 2nd annual event.  You can obtain more information about this event at www.springsexpo2007.com.  Registration for classes and for vendor sponsorships can be done on the website.Some of the scheduled events are the Mandatory Update Course, CE Credit courses, New Agent Getting Started in Real Estate, Title Insurance Companies, meet and greet with Builders, Mortgage Companies.Please feel free ...
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By Grant Holmes
(Great Lakes Mortgage Funding Inc)
Our Profile here is based on Great Lakes Mortgage Funding Inc based out of Michigan. Colorado Springs Mortgage Funding is now up and running.  We are starting out web based but have plans in place to open an office in Colorado Springs. Please check out our website for up-to-date mortgage news in the area along with local school information, veteran loan information and facts!  You can fill out an application and we'll call you, or if you simply want to know your credit score everything you need is provided on this website. www.greatrateco.com  
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By Eddie Hurt
(ERA Shields Real Estate)
INTRODUCTION:Enclosed, please find data and analysis regarding the Pikes Peak Residential Housing Market. The primary goal of this data is to paint the picture of reality in our local housing market, to provide a frank and honest discussion of strengths, weaknesses, opportunities, threats and real market conditions as they truly exist. This data is the result of information pulled from the Pikes Peak Association of REALTORS' website as well as conditions observed by sales professionals, builders, other competing real estate firms and individuals connected to the sale and exchange of real estate in the Pikes Peak Region. DISCUSSION:Probability is having it's way with the market this summer, and buyers buying based on value are now founding cooperative sellers as well as good deals. The M...
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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 snapshot of the Colorado Springs Real Estate Market for June, 2007. Average Days on Market (DOM): 87This is UP 1 day from May. High DOM: N/W at 128 Days.Low DOM: CEN at 53 Days. Comment: The closest thing to the "average" was FAL - Falcon at 89 days. This is a HUGE change, seeing as the last quarter of 2006 FAL was at over a year.Average Sale Price (SP): $286,581 This is up from $282,801 in May.High Sales Price: TRI at $652,076Low Sales Price: S/E at $124,521 Comment: TRI (Tri-Lakes) covers the areas of Monument, Woodmoor and Palmer Lake.List Price to Sale Price Ratio (LP/SP): 98.17%High LP/SP: EAS at 100.66% Low LP/SP: BLA at 96.39% Comment: Manitou Springs did not have any sales data for the month of June 2007.In June 2007:1,085 homes went on the market 414 homes went under ...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
I have learned that different house-definitions mean different things in different places. So, to ease a bit of confusion, here is a little breakdown of the residential floorplans that you will find in Colorado Springs and surrounding areas.Ranch: This does not mean 100 acres with a barn. This means "one-level living" with the living areas and bedrooms all on the level that you walk-into from the front door. Now, since many homes in Colorado Springs offer basements, you could also find additional bedrooms, bathrooms and living areas if the basement is finished. Another type of ranch floorplan is the Raised Ranch, where there are multiple stairs on the outside leading up to the front door. In many cases, the basement windows are at garden level - thus the reason to walk up stairs to reac...
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By Joe Boylan
(SpringsHomes)
Anyone that regularly travels on Broadmoor Bluffs Drive will be happy to hear the City of Colorado Springs has reached a settlement for road repairs with the former developer that built the road.Repairs will cost approximately $1.5 million. Here is a brief description of the repair process from a Colorado Springs Gazette Article:To fix the road, the city has hired Blue Ridge Construction at a cost of $1.495 million. The plan is to drive 37 5-foot diameter caissons 80 feet into the ground on a slope below the road this summer. Described by Kidder as a "brute force method," the caissons will form an underground retaining wall to shore up the soil beneath the road. After the dirt "loads up" against the caissons, the road will be resurfaced and curbs and gutters replaced next year, Kidder s...
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By Leon Austin, Colorado Springs Mobile Notary
(Mobile Notary Services)
I was in a closing yesterday morning. At the same time UPS had delivered a package of loan documents for another closing that I had to do. The company that sent the documents marked the package so that it would require a signature. The driver left a note on the door, as he's supposed to do, letting me know that he would make a second attempt the next day.  Well, the next day is too late when you need the loan documents today.  I called the UPS 800 number and told them the problem. I expressed how urgent it was that I have that package, as soon as possible. They got in contact with the UPS center here in Colorado Springs and arranged a "same day will call".       About an hour later I got a call from Linda at UPS letting me know that the package was there, and that I could pick it up. Sh...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
In our local paper, somewhere between which Colorado city is the "highest" in North America and news on a local teacher that is in A LOT of trouble, there was a refreshing story about our local homeless situation. The Springs Rescue Mission is looking forward to a new look, which will include more room for their New Life Program for "men struggling with homelessness or substance abuse" in the Colorado Springs area. The Rescue Mission is now 10 years old and is in need of more space for their programs. Currently the men are housed in a couple local hotels and homes, near the Mission. If all goes as planned, there will be a new 8,000 s.f. facility with a new 3 building campus in the S/W part of downtown Colorado Springs, capable of housing 50 men. There are not many complaints regarding t...
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We recently took a trip up to Aspen for the weekend and had a great time. This trip got me thinking about one of our areas strongest features…Our Location!The Pikes Peak region has a ton of amenities and plenty of outdoor activities, enough to keep you busy year round but our area is also a great base camp for people that enjoy the active western lifestyle but actually have to work for a living.Take a look at the short drive to some incredible stuff....continued
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By Toby Lorenc, Make your next move your BEST move
(Rocky Mountain Realtors®)
As we continue to see various sections of the Interstate 25 COSMIX (Colorado Springs Metro Interstate Expansion) project completed, it feels like an end could be in sight. Recently, CDOT has opened a third lane on I-25 from North Nevada to Fillmore. Certainly, it's not a huge stretch and the speed limit is still 45, it does relieve traffic a bit and makes and easier entrance to the Interstate if you're coming from Rockrimmon. See the full article published in The Gazette.The Rockrimmon area is going to continue to be affected by several COSMIX projects:Click here for full details of how COSMIX will affect all areas.  North Nevada/Rockrimmon InterchangeLocationDurationTimeImpactActivityNew:  Intersection of Rockrimmon Blvd. and Mark Dabling Blvd.Expected completion in July, 2007 9 a.m. t...
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By Patricia Beck, Colorado Springs Realty
(RE/MAX Properties, Inc., ABR, GRI, SRES)
Home flipping has become really popular in recent years especially, with the high rate of foreclosures.  Colorado leads the nation in foreclosures and the Colorado Springs area has many as well.  Unfortunately many of people facing foreclosure often hand over their homes to investors without consoling with a professional first.  If you are interested in purchasing an investment property there are a variety of options.  One way to locate an investment property is by contacting a Colorado Springs Realtor to assist you in finding a property that meets your criteria; there are many realtors that specialize in this area and they can locate pre-foreclosures that are for sale.  Not only can you find homes in the Multiple Listing Service (MLS) with the assistance of your Realtor, but you can al...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
When Summertime hits Colorado ... it gets HOT! We have a low humidity index - roughly 20% lower than a lot of the nation. We are also a Colorado Springs is also a high desert - not a lot of water! SO, the water that we DO have, we LOVE!One place that kids (and adults) love to gather on hot days is Uncle Wilbur Fountain - one of many beautiful art structures in downtown Colorado Springs that also doubles as a play fountain, on the SW corner of Bijou and Tejon in Acacia Park.This fun fountain was designed by Kat and Bob Tudor - active members of the Colorado Springs Art Community, and who also ran the Smokebrush Center for Arts and Theater. They were in search of the "perfect fountain concept" and traveled all over the nation looking for something that would fit the whimsical and unpredic...
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By Leon Austin, Colorado Springs Mobile Notary
(Mobile Notary Services)
Normally I go into a closing carrying a briefcase. For one of my closings yesterday, I was carrying bicycle panniers.I enjoy cycling, and do it as often as possible. Not only is it a good form of exercise, it's also a good form of transportation. If I have an errand to do, such as dropping off loan documents from a closing, I'll ride my bike. Most of the time I'll use a backpack. But I also have panniers to use when the load is very heavy.I also use it for riding around town to take pictures for localism. And long distances are not out of the question. My friend and I rode our bikes through Germany and slept in our tents at night.I don't ride my bike to closings though, because of the distance.  I have to be there as quickly as possible. And I'm usually going from one to another.However...
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By Leon Austin, Colorado Springs Mobile Notary
(Mobile Notary Services)
I would venture to say that John Denver had a place like this in mind as he sang the tune, Rocky Mountain High, Colorado.I had a closing yesterday morning in Black Forest. I have been to Black Forest many times, but never to a place like this. From the moment I arrived, I felt: 'this is paradise.'  No, I didn't come on horseback.Those are just two of the many animals that are on this ranch. I had to go out to my car to get my camera so I could take a photo of the borrowers ID, which meant that I had to make my way between these two huge animals. No, they did not budge. Even when I said, "Excuse me."     All kinds of animals. And the beautiful thing about it was that they were all roaming free.   After the closing the wife took me on a tour of the ranch. Seeing all of the animals, I had ...
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By Leon Austin, Colorado Springs Mobile Notary
(Mobile Notary Services)
It was a perfect day for the 2007 Hike for Habitat in Colorado Springs, Colorado. The weather was nice, the turnout was huge, with over 600 hikers, and the scenery along the way through Monument Valley Park was beautiful.  This is the assembly point at the pavillion in Monument Valley Park. Many of the participants had already registered in advance. You could also register on the day of the hike. Each participant received a t-shirt before the start of the event.     The distance of the hike was ideal: 4 miles. Long enough to get a good exercise, yet short enough so that everyone could participate. Young and old. People of all abilities.  Well, not everyone hiked. It was a great outing for the entire family. The hike began at 10 a.m. Everyone walked at their own pace. There was no rush. ...
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By Eddie Hurt
(ERA Shields Real Estate)
June 6th was quite an evening, I now have a new found respect for those that expereince a hurricane.  I have lived in Colorado nearly my entire life and never experienced wind at the levels we had for 8 hours non-stop.  My wife and I got no sleep wondering if the trees were going to destroy our home or would the wind blow it over!  When daylight hit, we went out to explore and found 2 trees on our property uprooted and 4 others in need of removal as they were swaying and leaning badly.  Further exploration found almost all of our immediate neighbors lost at least 1 tree.  The silver lining in this was the fact we got to know our neighbors much better as we helped each other out.
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