Mariana Wagner

Black Forest Real Estate Market Info For March 2009

Here is the Black Forest Real Estate Market data for March 2009:

Homes for Sale

• Active Listings: 187 homes
• New Listings: 29 homes
• Sold Listings: 6 sales

Sales Price Information

• Median Sales Price: $343,750
• Average Sales Price: $326,833
• Sale Price to List Price Ratio: 100%

Days on Market

• Average Days on Market: 49 days

Popular Black Forest Real Estate Searches:

• Homes for Sale in Black Forest
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• Homes for Sale in 80908
• Land for Sale in 80908
• Homes for Sale in Wildwood Ranch
• Homes/Land for Sale in Pine Cone Acres
• Homes/Land for Sale in Cathedral Pines
• Homes/Land for Sale in Black Forest Reserve

April 22nd, 2009 by Mariana Wagner | Leave A Comment

Black Forest Real Estate Market Data for February 2009

Here is the Black Forest Real Estate Market Data for February 2009:

Black Forest Homes for Sale:

• Total Homes Available: 183
• Total New Listings: 36
• Number of Homes Sold: 11

Sale Price Data:

• Median Sales Price: $230,860
• Average Sales Price: $307,796
• Sale Price to List Price Ratio: 94.8%

Average Days on Market: 115 days

Comments: Affordability has finally started to settle back into the Black FOrest real estate market and we saw 6% of the homes in Black Forest selling.

March 16th, 2009 by Mariana Wagner | Leave A Comment

Academy School District 20 Foreclosures for Sale

Search Academy School District 20 Foreclosures

The Academy School District 20 real estate market encompasses most northern Colorado Springs neighborhoods, to include:

Each of these neighborhoods are seeing a rise in foreclosures for sale.  There are 2 main types of Academy D 2- foreclosures:

1. District 20 Short Sales and Pre-Foreclosures

Theses are the homes for sale in District 20 that are a pre-foreclosure or short sale. This means that the homeowner is trying to sell the home before it sells at the foreclosure auction.  Homeowners Read Also: Why a Colorado Springs Short Sale is a Great Alternative to Foreclosure

2. District 20 Bank Owned Homes

These are the homes for sale in District 20 that are a bank owned. This means that the bank has taken back the property from the home owner and is trying to sell it to recoup some of it’s losses.  Read More: Buying a Colorado Springs Foreclosure or Bank Owned Home

Search Academy School District 20 Foreclosures

If you are interested in learning more about these District 20 Foreclosures, please fill out our Colorado Springs Foreclosure Search form and put the street names of  the homes in the “other requirements” box. Or, you can contact us directly at: 719.434.7525  or shoot us an email: [email protected]

Please Note: District 20 Foreclosures tend to be priced cheaper and sell quicker than the other homes for sale in D-20, so if you are interested in a particular home, contact us immediately. We can set up a no-obligation showing and (if you are interested and ready) can help you write a near bullet-proof offer. Call 719.434.7525.

March 16th, 2009 by Mariana Wagner | 2 Comments »

Black Forest Real Estate Market Report for January 2009

Here is the Black Forest Real Estate Market report for January 2009

Black Forest Homes for Sale:

• Available Black Forest Homes: 174
• New Listings: 43
• Sold Homes: 8

Black Forest Sales Prices:

• Median Sales Price: $328,750
• Average Sale Price: $325,800
• Average Percentage of List Price Homes Actually Sold For: 95.2%

Average Days on Market: 124 days

Search All Homes for Sale in Black Forest

February 1st, 2009 by Mariana Wagner | Leave A Comment

2008 Annual Black Forest Real Estate Information – Sales Price Data

The Black Forest real estate market saw a slowly declining 2008 annual average sales price from $375,193 in January to $257,748 in December. The average median sales price was generally lower than the average sales price, and those prices went down as well.

Note: Black Forest will always have quite a discrepancy between median and average sales prices, as there is a HUGE price range difference in different parts of the area. There are some areas with custom built multi-million dollar homes all the way down to areas selling production homes under $200,000.

Here we see how this was broken down by month:

Black Forest homes were getting the highest prices in the beginning months of 2008 and this slowly tapered down as the year progressed.

Buyer Tip: Black Forest homes are getting more affordable … at least for now. We may not be at the absolute bottom of the shifting market, but there are some amazing deals to be had right now.

Seller Tip: Regardless of the trending downturn in home prices, the summer months are seeing a higher sale price. This may be due tothe fact that families with school aged children are looking to buy a home in Black Forest (Academy School District 20) before the school year starts. Consider having your Realtor® heavily promote the school district when marketing your Black Forest home for sale.

The following graph shows the difference between what a Black Forest home was listed for (list price/asking price) compared to what it actually sold for in 2008:

The current Black Forest real estate market, like the rest of the Colorado Springs real estate market, saw a level of slowdown in 2008. The annual average list price/sale price ratios peaked at 99.4% in March of 2008. The lowest was in June 2008 when the average list price/sale price ratio was only 95.4%.

Buyer Tip: Based on this graph, Black Forest home sellers tend to overprice their homes by 3% … So you may want to take this into consideration when making an offer. And, don’t be afraid to offer what you and your Realtor® deem to be a fair asking price.

Seller Tip: Homes priced at market value (NOT ABOVE) will get more reasonable offers. If you price your home effectively, you are more likely to get the best offers in Spring and Fall.

The Black Forest real estate market has historically been one of the most expensive Colorado Springs neighborhoods, so the shifting market has just brought these homes closer to the range of affordability.

Read Also:

• 2008 Annual Black Forest Real Estate Information – Homes for Sale
• 2008 Annual Black Forest Real Estate Information – Average Days on Market

“Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for the period Jan.1 – Dec.31, 2008. 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.”

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January 30th, 2009 by Mariana Wagner | Leave A Comment