Mariana Wagner

2008 Foreclosure Information for the Stetson Hills Real Estate Market

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

February 17th, 2009 by Mariana Wagner | Leave A Comment

This entry was posted on Tuesday, February 17th, 2009 at 3:18 pm and is filed under Colorado Springs Homes, Colorado Springs Real Estate, Foreclosure Information, Market Reports, Powers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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