The Stetson Hills real estate market saw some heavy foreclosure activity in 2008. Out of 583 homes that sold, 23.6% of all Stetson Hills home sales in 2008 were in some stage of foreclosure.

Read Full Reports:

• Foreclosure Information in Stetson Hills for 2008
• Is a Stetson Hills Foreclosure a GOOD DEAL?

What is the difference between a Foreclosure and a Bank Owned Home? Read More …

Bank Owned Homes for Sale in Colorado Springs and
Buying a Colorado Springs Foreclosure or Bank Owned Home

This graph represents the breakdown between:

• Non-Foreclosures
• Bank Owned
• Pre-Foreclosure

(*The modular homes in the Chateau at Antelope Ridge were not counted in the above data. 13 of these homes sold and 4 of them were bank owned.)

Read Also: Writing an Offer on a Bank Owned or REO Property in Colorado Springs

Is a Stetson Hills Foreclosure a Deal?

With such a large selection of foreclosure homes in Stetson Hills, does that equate to a good deal?

Let’s compare the prices of sold homes:

• NON-Foreclosure Stetson Hills Homes:  $241,910
• Foreclosure and Bank Owned Stetson Hills Homes:  $190,934

Based on this data, foreclosure homes SOLD for an average of about $50,000 LESS than those homes that were not in some stage of foreclosure.

So, buying a foreclosure home in Stetson Hills is DEFINITELY a deal!

Get your FREE list of all Foreclosure Homes in Stetson hills, by sending your request to: team@wagneriteam.com

Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525