Mariana Wagner

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Colorado Springs Building Permits 1980-2010

The Colorado Springs real estate market has seen a drastic decrease in single family building permits over the past few years. In fact, we have not seen this few permits pulled since the late 1980′s. However, the homes being built are, on average, worth more than they have been in any previous year.

Recently, we saw the MOST building permits pulled in 2005, at 6,250 homes. Whereas in 2009, we saw only 1,317 building permits pulled. Over the last 30 years, the least amount of permits were pulled in 1990, at just 745 homes.

[Data taken from http://recenter.tamu.edu/data/bp/bpm/msa1720.asp]

For more information on new homes for sale in Colorado Springs, please check out the Colorado Springs New Home Database.

January 3rd, 2012 by Mariana Wagner | Leave A Comment

Colorado Springs Home Sale Statistics November 2001 – November 2011

Here is the Colorado Springs real estate data for home sales in November from 2001-2011:

• 2001: 626 home sales
• 2002: 716 home sales
• 2003: 751 home sales
• 2004: 841 home sales
• 2005: 928 home sales
• 2006: 810 home sales
• 2007: 667 home sales
• 2008: 499 home sales
• 2009: 794 home sales
• 2010: 542 home sales
• 2011: 645 home sales

The Colorado Springs real estate market has seen November home sales fluctuate between 499 (in 2008) and 928 (in 2005) and averages about 710 homes sold each November.

November is generally one of the slower months for home sales in the Pikes Peak region. Sales in December tend to go up a bit and then sales go back down in the first couple months of the new year. Generally, the most sales are seen in the summer months of June-August.

December 20th, 2011 by Mariana Wagner | Leave A Comment

Colorado Springs Real Estate Market Snapshot for November 2011

Here is a Colorado Springs real estate market snapshot for the different areas of Colorado Springs, for November  2011.

Black Forest Real Estate Market

• 135 available homes and 8 sales
• Average sales price: $334,551
• Days on Market: 133
• Search Homes for Sale in Black Forest

Briargate Real Estate Market

• 187 available homes and 36 sales
• Average sales price: $251,907
• Days on Market: 104
• Search Homes for Sale in Briargate

Central & Downtown Real Estate Market

• 227 available homes and 44 sales
• Average sales price: $163,371
• Days on Market: 88
• Search Homes for Sale in Central and Downtown Colorado Springs

Eastside Real Estate Market

• 180 available homes and 44 sales
• Average sales price: $154,061
• Days on Market: 97
• About East Colorado Springs

Northeast Real Estate Market

• 212 available homes and 35 sales
• Average sales price: $227,631
• Days on Market: 102
• About NE Colorado Springs

Northwest Real Estate Market

• 135 available homes and 20 sales
• Average sales price: $374,670
• Days on Market: 126
• About NW Colorado Springs

Northgate and Flying Horse Real Estate Market

• 129 available homes and 18 sales
• Average sales price: $344,593
• Days on Market: 87
• Search Homes for Sale in Flying Horse

Old Colorado City Real Estate Market

• 76 available homes and 21 sales
• Average sales price: $162,338
• Days on Market: 92
• Search Homes for Sale in Old Colorado City

Powers and Stetson Hills Real Estate Market

• 232 available homes and 64 sales
• Average sales price: $187,250
• Days on Market: 91
• About Stetson Hills and the Powers Area Real Estate Market

Southeast Real Estate Market

• 154 available homes and 39 sales
• Average sales price: $117,000
• Days on Market: 70
• About SE Colorado Springs

Southwest and Broadmoor Real Estate Market

• 241 available homes and 40 sales
• Average sales price: $264,900
• Days on Market: 111
• Search All Homes for Sale Near the Broadmoor Hotel

Westside Real Estate Market

• 72 available homes and 12 sales
• Average sales price: $164,900
• Days on Market: 155
• About West Colorado Springs

Based on Colorado Springs real estate information from the Pikes Peak REALTOR Services Corp. (”RSC”), Colorado Springs MLS, for November 2011.  RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.

December 15th, 2011 by Mariana Wagner | Leave A Comment

Featured Home for Sale in Widefield | 44 Watson Blvd. | MLS# 745928

44 Watson Boulevard, Colorado Springs CO 80911
~ Featured home for sale in Widefield ~

Listed by the Wagner iTeam at Keller Williams Realty
MLS# 745928

Spacious 3-4 bed 2 bath home on cul-de-sac in Widefield. Stone tile floors in entry, dining and kitchen. Hardwood floors in living room. Upper level 2 beds full bath. Kitchen has appliances & pantry. Lower level has 2 bedrooms (one needs closet), full tiled bathroom w/jetted tub, family room w/wood burning fireplace, laundry & storage closets. Vinyl windows. Wood deck off dining area. Large fenced yard and plenty of off-street parking.

Click here for more info and pics for 44 Watson Blvd.

More homes for sale in Widefield:

Showing properties 1 - 5 of 182. See more 80911 Homes.
(all data current as of 5/17/2012)

1. $144,900 : 146 Grinnell St, Colorado Springs
   
   4 beds, 2 full baths

   Home size: 1,620 sq ft

   Lot size: 8,055 sqft

   Listed with Park Ave Properties of Co Spgs
2. $125,000 : 501 Rose Dr, Colorado Springs
   
   3 beds, 2 full baths

   Home size: 1,458 sq ft

   Lot size: 9,600 sqft

   Listed with Fender Real Estate Inc.
3. $189,900 : 4540 Lincoln Plaza Dr, Colorado Springs
   
   3 beds, 2 full baths

   Home size: 1,788 sq ft

   Lot size: 5,000 sqft

   Listed with Action Team Realty
4. $164,900 : 7545 Silverdale St, Colorado Springs
   
   4 beds, 2 full baths

   Home size: 2,047 sq ft

   Lot size: 7,216 sqft

   Listed with Muldoon Associates, Inc.
5. $149,900 : 115 Sitter Ct, Colorado Springs
   
   3 beds, 2 full baths

   Home size: 1,333 sq ft

   Lot size: 8,237 sqft

   Listed with Pathfinder Properties, LLC

Listing information deemed reliable but not guaranteed. Read full disclaimer.

December 10th, 2011 by Mariana Wagner | Leave A Comment

Simple Real Estate Definitions : Tax And Insurance Escrow

As a homeowner , your fiscal responsibility extends beyond just making mortgage payments. You must also pay your home’s real estate taxes as they come due, as well as your homeowners insurance policy premiums.

Failure to pay real estate taxes can result in foreclosure. Failure to insure your home is a breach of your mortgage loan terms.

There are two methods by which you can pay your real estate tax and homeowners insurance bills.

The first method is to pay your taxes and insurance as the bills come due, usually semi-annually. Depending on your home’s tax bill size and the cost to insure your home, these payments can feel quite large — especially if you’ve failed to budget for them properly.

The second method of paying your taxes and insurance is to give your lender the right to pay them on your behalf, a process known as “escrowing for taxes and insurance”.

When you escrow your real estate taxes and homeowners insurance, you pay a portion of your annual obligation to your lender each month, which your lender then holds in a special account for you, and disperses to your taxing entities and insurance company as needed. Lenders prefer that homeowners escrow taxes and insurance because, in doing so, the lender is assured that tax bills remain current and that homes stay insured.

Want a discount on your next mortgage rate? Tell your lender that you’re willing to escrow.

To help calculate your monthly escrow payment to your lender, do the following :

1. Find your home’s annual real estate tax bill
2. Find your home’s annual homeowners insurance premium
3. Add the two figures and divide by 12 months in a year

The quotient is your monthly “escrow”; the extra payment you’ll make to your lender each month along with your regularly scheduled principal + interest payment. Then, when your tax bills and insurance premiums come due, your lender will make sure the payments are made on your behalf.

If you’re unsure whether escrowing is right for you, talk to your loan officer and/or financial planner. There are valid reasons to choose either path.

December 8th, 2011 by Mariana Wagner | Leave A Comment