Colorado Springs Real Estate Connection

Annual Westside Colorado Springs Real Estate Market Report for 2009

Mariana Wagner — Mon, 08 Feb 2010 14:19:04 +0000

Here is the annual Westside Colorado Springs Real Estate Market report for 2009 – brought to you by the Colorado Springs Real Estate Connection. Westside Colorado Springs covers the areas west of the I-25 between NW Colorado Springs and Old Colorado City. Popular neighborhoods include: Pleasant Valley, Garden of the Gods and Holland Park.

Red More: About the West Colorado Springs Real Estate Market

West Colorado Springs Real Estate: Available, New and Sold Listings, by Month:

Comments: Throughout the year we saw the number of available homes for sale in West Colorado Springs peak in the summer months – June had 120 available homes for sale and May had 42 new homes go onto the market. The least amount of homes were available in December (15 homes).

Comments: The West Colorado Springs real estate market saw a total of 102 homes sell in 2009, which is less home sales than we saw in 2008, at 145 home sales. The most homes sold in September (22) and the least amount of homes (7) sold in April 2009. This is very similar to the Old Colorado City Real Estate Market.

West Colorado Springs Real Estate: Average Days on Market, by Month:

Comments: For the homes in the West Colorado Springs real estate markets that SOLD in 2009, the days on market ranged from just 40 days in January to 163 days in April. The average time that a home in West Colorado Springs stayed on the market was just 86 days (LESS than 3 months). This is 2 weeks longer than the 2008 average.

West Colorado Springs Real Estate: Median and Average Sale Price, by Month:

Comments: In 2009, West Colorado Springs homes were all over the board on a month-to-month basis, with the average sales price of $251,227 and a median sales price of $191,558. These prices are lower than 2008 by about only $10,000.

Find the Value of Your Westside Colorado Springs Home

Popular West Colorado Springs Home Searches:

Based on W. Colorado Springs Real Estate single family home information from the Pikes Peak REALTOR Services Corp. (”RSC”), for January-December 2009 . 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.

Annual Southwest Colorado Springs and Broadmoor Real Estate Market Report for 2009

Mariana Wagner — Sat, 06 Feb 2010 14:19:33 +0000

Here is the annual Southwest Colorado Springs and Broadmoor Real Estate Market report for 2009 – brought to you by the Colorado Springs Real Estate Connection. Southwest Colorado Springs is home to the Stratmoor Valley, Cheyenne Mountain, Skyway and Broadmoor real estate markets. Search All Luxury Broadmoor Real Estate Over $1 Million

Red More: About the SW Colorado Springs and Broadmoor Real Estate Market

SW Colorado Springs and Broadmoor Real Estate: Available, New and Sold Listings, by Month:

Comments: Throughout the year we saw the number of available homes for sale in SW Colorado Springs and Broadmoor remain peak in the warmer months. The most available homes for sale were in August (393) and the least amount of homes were available in January (252).

Comments: The SW Colorado Springs and Broadmoor real estate market saw a total of 325 homes sell in 2009, which is less home sales than we saw in 2008, at 377 home sales. The most homes sold in July (57) and the least amount of homes (28) sold in March 2009.

SW Colorado Springs and Broadmoor Real Estate: Average Days on Market, by Month:

Comments: For the homes in the SW Colorado Springs and Broadmoor real estate markets that SOLD in 2009, the days on market ranged from just 64 days in October to 143 days in May. The average time that a home in SW Colorado Springs and Broadmoor stayed on the market was just 94 days (just over 3 months). This is one week longer than the time on market in 2008 for this area.

SW Colorado Springs and Broadmoor Real Estate: Median and Average Sale Price, by Month:

Comments: In 2009, SW Colorado Springs and Broadmoor homes were all over the board on a month-to-month basis, with the average sales price of $294,260 and a median sales price of $239,588.

Find the Value of Your SW Colorado Springs and Broadmoor Home

Popular Southwest Colorado Springs and Broadmoor Home Searches:

Based on SW Colorado Springs and Broadmoor Real Estate single family home information from the Pikes Peak REALTOR Services Corp. (”RSC”), for January-December 2009 . 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.

Colorado Springs Real Estate Definitions : Short Sale

Mariana Wagner — Wed, 03 Feb 2010 13:46:18 +0000

The Colorado Springs Real Estate Connection would like to introduce another great article from our friends at Bring the Blog. This article explains exactly what a short sale is.

A “Short Sale” is when a home seller sells his home for a leser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.

By way of example, a Short Sale may be appropriate for a home seller whose mortgage balance is $250,000 but whose home wouldn’t sell for more than $220,000. Rather than pay the $30,000 difference to the lender at the time of sale, the seller enters into an agreement with the lender by which all sale proceeds are paid to the bank and the deficient balance is forgiven.

Short Sales are a preferable alternative to foreclosure but the process still harms both parties. For one, the seller is penalized with a derogatory tradeline on credit for not fulfilling a mortgage obligation. And, two, the lender is forced to take a loss on a mortgage loan. Versus an executed foreclosure, however, Short Sale damages are relatively limited on both sides.

For this reason, Short Sales are sometimes considered “the economical alternative” to default.

The process of getting a Short Sale approved varies from lender-to-lender and can be time-intensive. Home sellers should not go at it alone — speaking with a real estate agent about the proper protocol is usually the best place to start. And sellers should be aware of how a Short Sale on their credit can impact future borrowing.

Current Fannie Mae guidelines prevent short-selling homeowners from obtaining new mortgage financing for a period of 2 years.

For more information on buying a Colorado Springs short sale, or if you are facing foreclosure and want to know if you qualify for a short sale, please contact the Wagner iTeam: 719.434.7525

We are Certified Distressed Property Experts and know what it takes to buy or sell a short sale in Colorado Springs.

Annual Old Colorado City Real Estate Market Report for 2009

Mariana Wagner — Tue, 02 Feb 2010 15:15:09 +0000

Here is the annual Old Colorado City Colorado Springs Real Estate Market report for 2009 – brought to you by the Colorado Springs Real Estate Connection. Old Colorado City is on the westside of Colorado Springs and covers the mature neighborhoods to the immediate north and south of Colorado Boulevard – from 1-25 to Manitou Springs.

Red More: About the Old Colorado City Real Estate Market

Old Colorado City Real Estate: Available, New and Sold Listings, by Month:

Comments: Throughout the year we saw the number of available homes for sale in Old Colorado City remain quite steady until available homes tapered off the the end of the year. The most available homes for sale were in March (90) and the least amount of homes were available in December (57).

Comments: The Old Colorado City real estate market saw a total of 174 homes sell in 2009, which is more home sales than we saw in 2008, at only 151 home sales. The most homes sold in August (21) and the least amount of homes (7) sold in January 2009.

Old Colorado City Real Estate: Average Days on Market, by Month:

Comments: For the homes in the Old Colorado City real estate markets that SOLD in 2009, the days on market ranged from just 39 days in January to 119 days in March. The average time that a home in Old Colorado City stayed on the market was just 80 days (LESS than 3 months). This is MUCH better than the average in 2008 of 112 days.

Old Colorado City Real Estate: Median and Average Sale Price, by Month:

Comments: In 2009, Old Colorado City homes were all over the board on a month-to-month basis, with the average sales price of $163,289 and a median sales price of $155,917. These prices are lower than 2008 by about only $10,000.

Search All Homes for Sale in Old Colorado City

Find the Value of Your Old Colorado City Home

Popular Old Colorado City Home Searches:

Based on Old Colorado City Real Estate single family home information from the Pikes Peak REALTOR Services Corp. (”RSC”), for January-December 2009 . 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.

New Banning Lewis Ranch Model Homes Kick-Off Event!

Mariana Wagner — Sat, 30 Jan 2010 23:53:56 +0000

The Colorado Springs Real Estate Connection, Today’s Homes and Peoples Mortgage cordially invites you to an exclusive kick-off event at Banning Lewis Ranch.

We are delighted to invite you to tour our newly completed model homes and join us for some food and festivities.

Can’t get to Florida for the Super Bowl?
Be present for a chance to win a brand new 50″ flat screen TV and enjoy the game at home!

Thursday, February 4, 2010
3:00 to 7:00 p.m.
8404 Cypress Wood Drive
Colorado Springs, CO 80927

Take Powers to Woodmen, go East to Marksheffel, go South to Dublin and follow the signs.

For more information and to R.S.V.P. 719.434.7525