Mariana Wagner

Is an Academy School District 20 Foreclosure a Good Deal?

The Colorado Springs Real Estate Connection works with a lot of people looking of buy a home in Academy School District 20, which encompasses most northern Colorado Springs neighborhoods and includes zip codes 80920, 80921, 80924 and 80908.

(See below for a list of the current available Academy District 20 Foreclosures.)

We also get a lot of questions about whether or not buying a foreclosure in these areas is a good idea. Everyone is looking for a good deal in this economy and this is a natural question.

Read Also:  Buying a Colorado Springs Foreclosure or Bank Owned Home

Here is some information that can help you make the decision as to whether buying a District 20 foreclosure is right for you.

The Facts

Since the beginning of 2011 …

• 20.9% of all home sales in this area has been a distressed property* (foreclosure, pre-foreclosure, short sale, bank owned home, etc.) *Homes marked as distressed in the MLS. Some properties may not have been properly identified, but not enough to sway the findings significantly.
• The median sales price for a foreclosure was $213,000, whereas the median price for a non-foreclosure was $309,000.

Things to Consider

• The majority of foreclosures were in neighborhoods with lower priced homes, in general.
• The higher average sales price of a neighborhood, the lower percentage of foreclosed homes were even available.

Are Foreclosures a Better Deal?

If you are looking for a “foreclosure deal” in the Academy District 20 real estate market, you will find them in the lower priced homes. However, be prepared to spend the time it takes to close on these properties and the money it may take to get the homes up to your standard of living. (Maintenance is the first thing to go when a home is going through foreclosure.) If you are willing to do this, then you may score a great “deal”.

If you are looking for a higher priced home, you can probably close in a fairly quick amount of time and move-into a clean and ready home. However, you will more than likely be paying market value. But it could be well worth it.

For more information on buying a foreclosure, or non-foreclosure home in Academy School District 20, please contact the Wagner iTeam 719.434.8346

Current available Academy District 20 Foreclosures.

Showing properties 1 - 5 of 13. See more Academy District 20 Foreclosure Homes.
(all data current as of 5/17/2012)

1. $624,900 : 16229 Forest Light Dr, Colorado Springs
   
   4 beds, 4 full baths

   Home size: 4,614 sq ft

   Lot size: 2.55 ac

   Listed with Real Living-Select Properties
2. $349,900 : 386 All Sky Dr, Colorado Springs
   
   3 beds, 3 full baths

   Home size: 3,520 sq ft

   Lot size: 6,856 sqft

   Listed with RE/MAX Properties, Inc.
3. $525,000 : 19275 Mariah Tr, Colorado Springs
   
   5 beds, 4 full baths

   Home size: 4,066 sq ft

   Lot size: 69.60 ac

   Listed with Properties of Colorado
4. $399,900 : 3252 Indian Peak Ct, Colorado Springs
   
   5 beds, 4 full baths

   Home size: 3,312 sq ft

   Lot size: 11,586 sqft

   Listed with RE/MAX Properties, Inc.
5. $171,000 : 4115 Thundercloud Dr, Colorado Springs
   
   5 beds, 3 full baths

   Home size: 2,666 sq ft

   Lot size: 9,750 sqft

   Listed with Sellstate Alliance

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

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

Old Colorado City and Westside Colorado Springs Real Estate Market Report for February 2011

Here is the Old Colorado City and Westside Colorado Springs Real Estate Market report for February 2011 – brought to you by the Colorado Springs Real Estate Connection.

Old Colorado City Real Estate:

Search All Homes for Sale in Old Colorado City

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.

Homes for Sale in Old Colorado City

• Active Listings: 88 homes
• Sold Listings: 4 sales
  

Old Colorado City Sales Price Information

• Median Sales Price: $125,000
• Average Sales Price: $129,375
• Sale Price to List Price Ratio: 97%

Days on Market for Old Colorado City homes

• Average Days on Market: 86 days

Westside Colorado Springs Real Estate:

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.

Popular West Colorado Springs Home Searches:

• Search All Homes for sale in 80904
• Search All Homes for Sale in Kissing Camels
• Search All Holland Park Homes for Sale
• Search All Pleasant Valley Homes for Sale
• Search All Homes for Sale in Old Colorado City

Homes for Sale in Westside Colorado Springs

• Active Listings: 88 homes
• Sold Listings: 4 sales ]

Westside Colorado Springs Sales Price Information

• Median Sales Price: $292,000
• Average Sales Price: $297,375
• Sale Price to List Price Ratio: 95.2%

Days on Market for Westside Colorado Springs homes

• Average Days on Market: 112 days

“Based on single family home sale information from the Pikes Peak REALTOR Services Corp. (”RSC”), for February 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.”

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

Colorado Springs Housing Market Snapshot for February 2011

The Colorado Springs real estate market is quite diverse. House prices and sales vary widely from neighborhood to neighborhood. Here is a housing market snapshot for the different areas of Colorado Springs, for February 2011.

Black Forest

• 138 available homes and 11 sales
• Average sales price: $488,172
• Search Homes for Sale in Black Forest

Briargate

• 227 available homes and 27 sales
• Average sales price: $290,529
• Search Homes for Sale in Briargate

Central & Downtown

• 259 available homes and 22 sales
• Average sales price: $146,492
• Search Homes for Sale in Central and Downtown Colorado Springs

Eastside

• 230 available homes and 24 sales
• Average sales price: $157,556
• About East Colorado Springs

Northeast

• 282 available homes and 38 sales
• Average sales price: $225,167
• About NE Colorado Springs

Northwest

• 156 available homes and 13 sales
• Average sales price: $370,830
• About NW Colorado Springs

Northgate and Flying Horse

• 143 available homes and 19 sales
• Average sales price: $308,269
• Search Homes for Sale in Flying Horse

Old Colorado City

• 88 available homes and 4 sales
• Average sales price: $129,375
• Search Homes for Sale in Old Colorado City

Southeast

• 238 available homes and 25 sales
• Average sales price: $118,424
• About SE Colorado Springs

Southwest and Broadmoor

• 272 available homes and 35 sales
• Average sales price: $372,455
• Search All Homes for Sale Near the Broadmoor Hotel

Westside

• 88 available homes and 4 sales
• Average sales price: $297,375
• About West Colorado Springs

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

For a detailed sales information on your specific neighborhood,
please contact the Wagner iTeam: 719.434.8346

March 6th, 2011 by Mariana Wagner | Leave A Comment

Featured Home for Sale in Gold Hill Mesa | 193 Millstream

The Colorado Springs Real Estate Connection and Wagner iTeam are excited to offer this beautiful home for sale in Gold Hill Mesa.

Search Homes for Sale in Gold Hill Mesa

193 Millstream Drive, Colorado Springs CO 80905
~ Gold Hill Mesa ~

24-Hour Recorded Audio Tour
1-800-610-0037  Ext. 3518

Large & Charming newer 4 Bedroom Westside home w/over 3,000 sf. As you cross the unique portico front porch, you will find yourself in the entry that open into the wonderful main level of this home. You will love the front office with double French doors! The living room has a gas fireplace and built in entertainment center and flows seamlessly into the kitchen and dining room. The kitchen boasts smooth surface counters, plenty of cabinet space and a great eat-at island.

Just past the kitchen is the dining area that walks out to both the deck and the rear access garage. The main level also has a secondary bedroom, full hall bath, laundry room, storage closets & a great master bedroom with coved ceilings, walk-in closet and private 5 piece master bath with raised double vanities, oval soaking tub and tiled shower.

The lower level of this home has been finished to include a great family room with room for a pool table, a nicely tiled wet bar with sink and room for full refrigerator. There is a custom tiled full bathroom, 2 more bedrooms- each with walk in closets and additional storage area.

This home is located in the newer Westside neighborhood of Gold Hill Mesa, is super clean and ready for a quick move-in!

For more information or to schedule a no-obligation private tour of this beautiful home,
please contact the Wagner iTeam at 719.434.8346

Current Homes for Sale in Gold Hill Mesa…

Showing properties 1 - 3 of 7. See more Gold Hill Mesa Homes.
(all data current as of 5/17/2012)

1. $349,900 : 199 Millstream Te, Colorado Springs
   
   4 beds, 4 full baths

   Home size: 3,563 sq ft

   Lot size: 4,731 sqft

   Listed with Epic Real Estate Group, Inc.
2. $248,989 : 1380 Gold Hill Mesa Dr, Colorado Springs
   
   3 beds, 3 full baths

   Home size: 1,661 sq ft

   Lot size: 2,600 sqft

   Listed with Walston Group Real Estate, Inc
3. $287,900 : 1273 Gold Hill Mesa Dr, Colorado Springs
   
   3 beds, 3 full baths

   Home size: 3,163 sq ft

   Lot size: 3,868 sqft

   Listed with Creekstone Properties

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

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

Colorado Springs Housing Market Snapshot for January 2011

The Colorado Springs real estate market is quite diverse. House prices and sales vary widely from neighborhood to neighborhood. Here is a housing market snapshot for the different areas of Colorado Springs, for January 2011.

Black Forest

• 134 available homes and 10 sales
• Average sales price: $311,005
• Search Homes for Sale in Black Forest

Briargate

• 230 available homes and 28 sales
• Average sales price: $263,896
• Search Homes for Sale in Briargate

Central & Downtown

• 259 available homes and 31 sales
• Average sales price: $144,204
• Search Homes for Sale in Central and Downtown Colorado Springs

Eastside

• 236 available homes and 38 sales
• Average sales price: $160,198
• About East Colorado Springs

Northeast

• 320 available homes and 31 sales
• Average sales price: $199,814
• About NE Colorado Springs

Northwest

• 143 available homes and 24 sales
• Average sales price: $271,404
• About NW Colorado Springs

Northgate and Flying Horse

• 131 available homes and 15 sales
• Average sales price: $330,550
• Search Homes for Sale in Flying Horse

Old Colorado City

• 93 available homes and 14 sales
• Average sales price: $115,859
• Search Homes for Sale in Old Colorado City

Southeast

• 241 available homes and 24 sales
• Average sales price: $120,495
• About SE Colorado Springs

Southwest and Broadmoor

• 272 available homes and 27 sales
• Average sales price: $286,066
• Search All Homes for Sale Near the Broadmoor Hotel

Westside

• 80 available homes and 7 sales
• Average sales price: $255,642
• About West Colorado Springs

For a detailed sales information on your specific neighborhood,
please contact the Wagner iTeam: 719.434.8346

February 19th, 2011 by Mariana Wagner | Leave A Comment