Mariana Wagner

What is a Colorado Springs Real Estate Deal?

The average sales price for a Colorado Springs home is $233,070. (Based on MLS data for April 2009)

We get a lot of inquiries from folks who think that the current economy will get them a “great deal”, or a super-cheap house. And although that is true in some parts of the country, Colorado Springs has a relatively stable economy, so the “deals” are not necessarily found in home prices.

See, Colorado Springs is home to 6 military bases, so there is a higher level of economic “balance” than in other areas of the country. I’m not saying that we are not feeling the crunch – just that Colorado Springs will NEVER see the high HIGH’s, nor the low LOW’s that other markets experience (like Florida, Nevada, California …).

Colorado Springs Real Estate Deals

If you are looking for a real estate “deal” they ARE out there. They are just not wrapped in the package of a super-low price. A Colorado Springs real estate deal means that you are getting MORE for your money. Maybe that plain-Jane 4 bed 3 bath home you wanted to buy in 2006, now comes with fresh paint, hardwood floors, a finished basement and a hot tub. Same price – More amenities.

Colorado Springs Cheap Homes

There are only 63 homes in all of Colorado Springs that are for sale under $100,000. (MLS info as of 5/21/2009) Most of these homes are only 1-2 bedrooms and well under 1,000 sf. and many of them also require some degree of fix-up before they are livable.

There are only 92 homes in all of Colorado Springs that are for sale between $100,000 and $125,000. (MLS info as of 5/21/2009).

Compared to the well over 4,000 homes for sale in the Colorado Springs real estate market, this really is not much of a selection.

Search All Colorado Springs Homes for Sale by Price Range

Colorado Springs Average Sales Price By Area

• West: $380,000
• Northgate: $371,918
• Black Forest: $328,032
• Briargate: $314,817
• Northwest: $259,673
• Northeast: $224,685
• Southwest: $219,319
• Marksheffel: $212,279
• Powers: 193,870
• East: $157,025
• Central: $128,801
• Old Colorado City: $127,511
• Southeast: 111,987

Check Out our monthly Colorado Springs Real Estate Market Reports

So, if you are looking for a “deal” you should be willing to spend about $200,000 … but you will get a great house!

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for April 1-30, 2009 and May 21, 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.”

May 24th, 2009 by Mariana Wagner | Leave A Comment

Homes for Sale in Academy School District 20 – Colorado Springs

One of the most common requests that we get as Colorado Springs real estate agents is: “I want to buy a home for sale in Academy School District 20.”

Search All Homes For Sale in Academy School District 20

Academy School district 20 covers the neighborhoods in the northern part of Colorado Springs.

Read More: About Academy School District 20

According to GreatSchools.net, Academy School D-20 rates a 9 out of 10 for test scores. (Yet they spend less per student than the state average…) This may be a determining factor for many families with school-aged children looking to buy a home for sale in Colorado Springs.

If you are looking to buy a home for sale in Academy School District 20, be prepared to spend about $250,000 (on the low end) to over a million dollars (on the high end).

Here is a breakdown of the different major Academy School District 20 neighborhoods and their real estate markets:

Northwest Colorado Springs – Academy School District 20 homes:

• Located west of I-25 between the USAFA and Garden of the Gods Road.
• D-20 Neighborhoods: Rockrimmon and Peregrine
• Zip Code: 80919 >> Homes for Sale in 80919 – Rockrimmon, Peregrine and Mountain Shadows
• Average Sale Price is about $250,000 – $450,000
• Price Range: mid-$200k (if you are lucky) – over $1 million
• Townhomes and Condos in Rockrimmon offer homes for the upper $100k’s through the mid-$200k’s.
• Read More: About the Northwest Colorado Springs Real Estate Market

Briargate – Academy School District 20 Homes:

• Located North of Woodmen Road, South of Old Ranch Road, between I-25 and Black Forest
• Popular Briargate Area Neighborhood Areas: Pine Creek, Wolf Ranch, Cumbre Vista and Cordera.
• Zip Code: 80920 >>Homes for Sale in 80920 – Briargate and Pine Creek
• Average Sales Price is about $300k – $400k
• Price Range: Lower $200k’s – over $1 million
• Some of the older parts of Briargate (closer to Woodmen) have some single family homes in the upper $150k range.
• Several Briargate town home and condo communities offer homes in the mid-$150k range.
  Read More: Briargate Town Home Communities – Northeast Colorado Springs Real Estate
• Read More: About the Briargate Real Estate Market

Northgate and Flying Horse – Academy School District 20 Homes:

• Located in the northernmost part of Colorado Springs, just east of the US Air Force Academy and immediately south of Monument CO.
• Zip Code: 80921 >> Homes for Sale in 80921 – Northgate, Gleneagle and Flying Horse
• Popular Northgate Neighborhoods: Flying Horse, Gleneagle and Trail Ridge
• Average Sales Price is about $350k – $500k
• Price Range: $250k – over $4 million
• Read More: About the Flying Horse Real Estate Market and About the Northgate Real Estate Market

Black Forest – Academy School District 20 Homes:

• Located in the far N/E part of Colorado Springs – where all the trees are…
• Zip Code: 80908 >> Homes for Sale in 80908 – Black Forest
• Average Sales Price is about $550k
• Price Range: Mid $200k’s (if you are lucky) – over $4 million
• Black Forest is where you buy a house if you like to be surrounded by trees.
• Read More: About the Black Forest Real Estate Market

Search All Homes For Sale in Academy School District 20

Search Academy School District 20 Homes for Sale by Price Range:

• Academy School District 20 Homes for Sale $500k-$600k
• Academy School District 20 Homes for Sale $600k-$700k
• Academy School District 20 Homes for Sale $700k-$1 Million

Check Out Also: Foreclosure Homes for Sale in Academy School District 20

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for 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.”

May 22nd, 2009 by Mariana Wagner | 1 Comment »

El Paso County Real Estate Market Info For April 2009

El Paso County includes the Monument, Manitou Springs, Fountain and Colorado Springs real estate markets.

Homes for Sale in El Paso County

• Active Listings: 4,115 homes
• New Listings: 1,288 homes
• Sold Listings: 631 sales

El Paso County Sales Price Information

• Median Sales Price: $180,000
• Average Sales Price: $208,667
• Sale Price to List Price Ratio:  96.6%

Days on Market in El Paso County

• Average Days on Market: 93 days

Read Also: El Paso County Real Estate Market Info For March 2009

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period April 1 – 30, 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.”

May 15th, 2009 by Mariana Wagner | Leave A Comment

Use Your $8000 Tax Credit as a Down Payment on Your Colorado Springs Home Purchase!

First Time Home Buyers in the Colorado Springs real estate market may NOW be able to use their $8,000 tax credit as a down payment when purchasing their home.

“Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment” - EarthTimes 5/12/2009

Read the Full Article: Use Your $8,000 Tax Credit as a Down Payment

Read Also:

• $8,000 Tax Credit for First Time Colorado Springs Home Buyers
• More Info on the $8,000 Tax Credit for First Time Colorado Springs Home Buyer

If you are thinking about buying a home for sale in Colorado Springs and want more information on the $8,000 tax credit, give us a call and we can answer all your questions – no obligation! 719.434.7525

… in the meantime, check out our Featured Listings.

May 13th, 2009 by Mariana Wagner | Leave A Comment

Multiple Offers in The Colorado Springs Real Estate Market

This is just a short note about the current Colorado Springs real estate market…

We have been working with several folks looking to buy a home in Colorado Springs and have been in BIDDING WARS on multiple occasions over the last few weeks.

We ALSO have several listings that have gotten MULTIPLE OFFERS in under a week on the market.

Nice, well-priced homes are selling … and they are selling FAST.

If you are looking to buy a home in Colorado Springs, Fountain, Monument or Manitou Springs … and you find a home that you like – ACT QUICKLY. Regardless of the current “market” and all the drama that you are hearing on the news and on other online sites … that home may be GONE if you hesitate.

Read More: Colorado Springs Home Buyer Information

If you need to sell your Colorado Springs area home, make sure you have it staged and priced well … and then be prepared to move out quickly.

Read More: Colorado Springs Home Seller Information

Here is an example of a property that wont last long:

4 Bed 2 Bath Fully Remodeled Downtown Rancher $300,000
Listed by the Wagner iTeam 719.434.7525

Check out the other  Wagner iTeam Featured Listings

May 3rd, 2009 by Mariana Wagner | 1 Comment »