Top 8 Affordable Colorado Springs Neighborhoods for 1st Quarter 2009More than half the homes for sale in Colorado Springs are affordable to the average American family. According to the 2009 1st Quarter Housing Opportunity Index, housing affordability is at the highest level it has been in 18 years! (Colorado Springs Real Estate Journal, Vol. 1 No. 18 “Housing affordability surges to highest level in 18 years”) They based this off of home prices vs. the national median income of $64,000 a year.
Basically, if you make $64,000 a year, you can afford a $250,000 home* (if you pay about $600 a month in car/credit card payments, get a fixed interest rate of about 5% and put about 20% down, with about $1,000 a year in homeowners insurance and $1,200 a year in property taxes). (Check Out the Bank Rate Calculator) *All home loans are subject to credit approval and you may qualify for more, less or nothing based on your unique situation. Contact a local, reputable bank or lender for more information. Top 8 Affordable Colorado Springs Neighborhoods:Here are the most affordable neighborhoods in Colorado Springs, based on median asking and sales prices for the 1st quarter of 2009. 1. Southeast Colorado Springs Homes: Located south of Platte Ave. and North of Security and Widefield. Close to Peterson AFB and Fort Carson. - Check out the Southeast Colorado Springs real estate info and home searches
2. Central and Downtown Colorado Springs Homes: Located east of I-25 and within the boundaries of Circle Drive. - Check out the Central and Downtown Colorado Springs real estate info and home searches
3. Old Colorado City Homes: All areas surrounding West Colorado Blvd. - Check out the Old Colorado City real estate info and home searches
4. East Colorado Springs Homes: Just east of Central Colorado Springs and west of Powers Blvd. - Check out the Eastside Colorado Springs real estate info and home searches
5. West Colorado Springs Homes: West of I-25 between Old Colorado City and Garden of the Gods Road. - Check out the Westside Colorado Springs real estate info and home searches
6. Powers Area Colorado Springs Homes: The stretch of neighborhoods east of Powers between Woodmen Road and Platte Avenue. - Check out the Powers Area Colorado Springs real estate info and home searches
7. Northeast Colorado Springs Homes: Covers mostly all neighborhoods between I-25 (W) and Powers (E), Woodmen (N) and Austin Bluffs (S). - Check out the Northeast Colorado Springs real estate info and home searches
8. Marksheffel Area Colorado Springs Homes: All of Banning Lewis Ranch and Claremont Ranch - East of the Powers neighborhoods of Stetson Hills and Springs Ranch. - Check out the Banning Lewis Ranch real estate info and home searches
Based on this information, there are HUNDREDS of affordable homes for sale in Colorado Springs. Read Also: Top 5 Most Expensive Colorado Springs Neighborhoods for 1st Quarter of 2009 Search ALL Homes For Sale in Colorado Springs“Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for the period January 1, 2009 through March 31, 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.”
Thanks for reading our Colorado Springs Real Estate Blog! Posted on May 31st, 2009 by Mariana Wagner
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Banning Lewis Ranch, Marksheffel and Powers Area Real Estate Market Info for April 2009Marksheffel Area and Banning Lewis Ranch Real Estate: Markshelffel Road is a N/S thoroughfare in the eastermost part of Colorado Springs - home to Claremont Ranch and Banning Lewis Ranch. Banning Lewis Ranch is a master planned community, east of Marksheffel Rd that spans from Woodmen Road all the way to Fountain, Colorado. Currently, only the northernmost Banning Lewis Ranch neighborhoods offer homes for sale. Banning Lewis Ranch is in Falcon School district 49 and home to the Banning Lewis K-8 Academy. Homes for Sale in Banning Lewis Ranch and Marksheffel Area
Banning Lewis Ranch and Marksheffel Area Sales Price Information
Days on Market in Banning Lewis Ranch and Marksheffel Area
Powers Area Real Estate: The Powers area consists of all Colorado Springs neighborhoods east of Powers Blvd., West of Marksheffel, South of Woodmen Road and North of Platte Avenue/ HWY 24. The main neighborhoods that make up the Powers area are: Stetson Hills, Springs Ranch, Greenhaven, Indigo Ranch and Cimarron Hills. Homes for Sale in the Powers Area and Stetson Hills
Powers Area and Stetson Hills Sales Price Information
Days on Market in the Powers Area and Stetson Hills
“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.”
Thanks for reading our Colorado Springs Real Estate Blog! Posted on May 19th, 2009 by Mariana Wagner
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Powers and Marksheffel Areas Real Estate Market Info For March 2009Here is the Powers and Marksheffel Areas Real Estate Market Data For March 2009 Marksheffel Area Real Estate Market Info For March 2009Homes for Sale
Sales Price Information
Average Days on Market: 87 days Powers Area Real Estate Market Info For March 2009Homes for Sale
Sales Price Information
Average Days on Market: 71 days Popular Powers and Marksheffel Area Searches:
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Thanks for reading our Colorado Springs Real Estate Blog! Posted on April 27th, 2009 by Mariana Wagner
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Marksheffel and Powers Area Real Estate Market Report for January 2009Powers Area encompasses the neighborhoods east of Powers Blvd, between Platte and Woodmen. The Eastern boundary is Marksheffel Blvd. and is the western boundary for the Marksheffel area of Colorado Springs. Marksheffel is home to the master planned community of Banning Lewis Ranch. Marksheffel Area Real Estate Market Report for January 2009:Marksheffel Area Homes for Sale:
Marksheffel Area Sales Price Info:
Average Days on Market: 209 days Search All Homes for Sale in Banning Lewis Ranch Powers Area Real Estate Market Report for January 2009:Powers Area Homes for Sale:
Powers Area Sales Price Info:
Average Days on Market: 77 days Popular Powers Area Home Searches:
Thanks for reading our Colorado Springs Real Estate Blog! Posted on February 3rd, 2009 by Mariana Wagner
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