Annual Eastside Colorado Springs Real Estate Market Report for 2009Here is the Annual East Colorado Springs Real Estate Market report for 2009 – brought to you by the Colorado Springs Real Estate Connection. East Colorado Springs consists of most of the mature neighborhoods east of Austin Bluffs Parkway, from Platte (S) to almost Powers Blvd (N/E). Village Seven and Villa Loma are 2 very popular East Colorado Springs neighborhoods. Read More About the Eastern Colorado Springs Real Estate Market. East Colorado Springs Real Estate Market: Available, New and Sold Listings, by Month:
Comments: The Eastside Colorado Springs real estate market had an average of 196 homes available for sale each month in 2009, compared to 239 each month in 2008. Search All Available Homes for Sale in EL Paso County
Comments: This area had a total of 592 homes sell in 2009 – compared to 528 sales in the same area in 2008. This breaks down to an average of 49 homes sales in East Colorado Springs each month – 5 more per month than in 2008. The most sales (67) were in July and the least amount of home sales (30) were in February. East Colorado Springs Real Estate Market: Average Days on Market, by Month:
Comments: The Eastside Colorado Springs real estate market had very healthy “days on market” statistics for 2009. For 10 out of 12 months, homes that sold only stayed on the market for about 2 months. And even in February and March, the days on market were only 3 months. East Colorado Springs Real Estate Market: Median and Average Sale Price, by Month:
Comments: In 2009, the home prices for the East Colorado Springs Real Estate market remained relatively steady, with the average sales price at $168,427 and the median sales price at $163,940. Compared to 2008, the median sales price did not change much, but the average sales price DID go down by about $12k from 2008-2009. The East Colorado Springs Real Estate Market continues to be one of the more affordable areas to buy a home. Find the Value of Your East Colorado Springs Home Popular Searches for East Colorado Springs Homes:
Based on East 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. Posted By: Mariana Wagner – Wagner iTeam at Keller Williams Realty – 719.434.7525
Thanks for reading our Colorado Springs Real Estate Blog! Posted on January 22nd, 2010 by Mariana Wagner
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Colorado Springs Foreclosure Report for 2009
Here is the Colorado Springs real estate market foreclosure report for 2009. Colorado Springs saw 1,487 foreclosure or pre-foreclose homes sell in 2009. Foreclosures made up 24% of all homes sales in Colorado Springs last year. Here is how the foreclosure sales were represented throughout the city:
Check Out: Colorado Springs Foreclosure and Short Sale Information How does this break down per area? Briargate Real Estate Market: 71 foreclosures Briargate had only 5% of the city’s sold foreclosures. I would attribute this to the general higher price point of the homes in Briargate as well as the fact that most Briargate home buyers have owned a home in the past and had enough mortgage savvy not to get into a “bad loan”. Briargate DID have the least concentration of foreclosures per area. Central and Downtown Real Estate Markets: 190 foreclosures Central and Downtown Colorado Springs has a lot of smaller homes. Because of this, there are more homes in this area and more opportunities for foreclosure. Additionally, there are a lot of lower priced homes in central Colorado Springs which were very appealing to first time home buyers who maybe should NOT have qualified to buy a home. Eastside Colorado Springs Real Estate Market: 169 foreclosures Like central Colorado Springs, the Eastside has a lot of smaller and less expensive homes – which gives us more potential for foreclosures in this area. Northeast Colorado Springs Real Estate Market: 174 foreclosures The Northeast part of Colorado Springs is one of the largest areas of town, with more homes than almost any area.So, although this area was the 4th largest contributor to the city’s foreclosures, it is actually right in line with the city average. Northwest Colorado Springs Real Estate Market: 44 foreclosures The Northwest part of Colorado Springs wins as having the fewest foreclosures AND the 2nd lowest concentration of forecloses within its area. Northgate and Flying Horse Real Estate Markets: 48 foreclosures The homes in Flying Horse and Northgate are larger, sit on larger lots and generally (like Briargate) are not first-time-home buyer homes. In addition to this, the geographic area is smaller. All of this leads to a very small number of foreclosures. Old Colorado City and Westside Colorado Springs Real Estate Markets: 88 foreclosures The Old Colorado City and Westside areas of Colorado Springs sat right at the city average and right in the middle of the scale when representing area foreclosures. Powers, Marksheffel and Banning Lewis Ranch Real Estate Markets: 315 foreclosures This area contributed the MOST foreclosure sales to the Colorado Springs real estate market in 2009. I attribute this to how new the area is and how many people bought new homes with the Adjustable Rate Mortgage. However, this is one of the largest and most densely packed areas of the city, so the actual ratio of sold homes to foreclosure sales was not much higher than the city average. Southeast Colorado Springs Real Estate Markets: 289 foreclosures Southeast Colorado Springs was the second highest contributor to the Colorado Springs Foreclosure sale market, at 19%. However, it DID rank the highest for foreclosure sales concentration per area. Southwest Colorado Springs and Broadmoor Real Estate Markets: 99 foreclosures Southwest Colorado Springs has a drastic difference in property area types. The eastern part of this area has some of the lowest priced homes in the city, whereas the western parts have some of the most expensive homes ever built and sold in Colorado Springs. This always is “interesting” when trying to accurately compare this area to other real estate markets. So, although the graph shows that the Powers Area was the largest contributor to foreclosures, it is interesting to note that it was the S/E and Central areas of Colorado Springs that had the highest concentrations of foreclosures sell in 2009. Search All Homes for Sale in Colorado SpringsSearch All Colorado Springs ForeclosuresSearch All Colorado Springs
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East Colorado Springs Real Estate Market Info For December 2009Here is the East Colorado Springs Real Estate Market report for December 2009 – brought to you by the Colorado Springs Real Estate Connection. East Colorado Springs consists of most of the mature neighborhoods east of Austin Bluffs Parkway, from Platte (S) to almost Powers Blvd (N/E). Village Seven and Villa Loma are 2 very popular East Colorado Springs neighborhoods. East Colorado Springs neighborhoods
E. Colorado Springs Sales Price Information
Days on Market for East Colorado Springs homes
Popular Searches for East Colorado Springs Homes:
Based on single family home sale information from the Pikes Peak REALTOR Services Corp. (”RSC”), for 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. Read Also: East Colorado Springs Real Estate Market Info For November 2009 Posted By: Mariana Wagner – Wagner iTeam at Keller Williams Realty – 719.434.7525
Thanks for reading our Colorado Springs Real Estate Blog! Posted on January 8th, 2010 by Mariana Wagner
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East Colorado Springs Real Estate Market Info For November 2009Here is the East Colorado Springs Real Estate Market report for November 2009 – brought to you by the Colorado Springs Real Estate Connection. East Colorado Springs consists of most of the mature neighborhoods east of Austin Bluffs Parkway, from Platte (S) to almost Powers Blvd (N/E). Village Seven and Villa Loma are 2 very popular East Colorado Springs neighborhoods. Homes for Sale in East Colorado Springs
E. Colorado Springs Sales Price Information
Days on Market for East Colorado Springs homes
Popular Searches for East Colorado Springs Homes:
Based on single family home sale information from the Pikes Peak REALTOR Services Corp. (”RSC”), for November 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. Posted By: Mariana Wagner – Wagner iTeam at Keller Williams Realty – 719.434.7525
Thanks for reading our Colorado Springs Real Estate Blog! Posted on December 12th, 2009 by Mariana Wagner
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East Colorado Springs Real Estate Market Info For October 2009Here is the East Colorado Springs Real Estate Market report for October 2009 – brought to you by the Colorado Springs Real Estate Connection. East Colorado Springs consists of most of the mature neighborhoods east of Austin Bluffs Parkway, from Platte (S) to almost Powers Blvd (N/E). Village Seven and Villa Loma are 2 very popular East Colorado Springs neighborhoods.
Homes for Sale in East Colorado Springs
E. Colorado Springs Sales Price Information
Days on Market for East Colorado Springs homes
Popular Searches for East Colorado Springs Homes:
Based on single family home sale information from the Pikes Peak REALTOR Services Corp. (”RSC”), for October 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. Posted By: Mariana Wagner – Wagner iTeam at Keller Williams Realty – 719.434.7525
Thanks for reading our Colorado Springs Real Estate Blog! Posted on November 18th, 2009 by Mariana Wagner
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