Annual Northeast Colorado Springs Real Estate Market Report for 2009Here is the annual Northeast Colorado Springs Real Estate Market report for 2009 – brought to you by the Colorado Springs Real Estate Connection. NE Colorado Springs neighborhoods include all areas (roughly) north of Austin Bluffs, South of Woodmen Road, East of Nevada/I-25 and West of Powers Blvd. NE Colorado Springs neighborhoods include the Garden Ranch real estate market, Vista Grande real estate market, Pulpit Rock real estate market, Wagon Trails real estate market, Sundown and Newport Heights real estate markets. Red More: About the NE Colorado Springs Real Estate Market Northeast Colorado Springs Real Estate: Available, New and Sold Listings, by Month:
Comments: Throughout the year we saw the number of available homes for sale in N/E Colorado Springs remain quite steady, averaging about 276 available homes at any given time, which is less than the average of 300 monthly available homes available in 2008. There was an influx of new listings and sold homes in Spring and Summer.
Comments: In 2009, the Northeast Colorado Springs real estate market saw a total of 716 homes sell in 2009, which is 26 less homes than we saw sell in 2008. The most homes sold in June (92) and the least amount of homes (30) sold in January 2009. Northeast Colorado Springs Real Estate: Average Days on Market, by Month:
Comments: For the homes in the N/E Colorado Springs real estate markets that SOLD in 2009, the days on market ranged from just 39 days in October to 92 days in February. The average time that a home in Northeast Colorado Springs stayed on the market was just 71 days. This is just 2 1/2 months and GREAT news for home sellers in this area. Read More: About Selling Your Colorado Springs Home Northeast Colorado Springs Real Estate: Median and Average Sale Price, by Month:
Comments: In 2009, NE Colorado Springs homes held pretty steady with the average* sales price of $219,962 and a median* sales price of $200,600. These prices are lower than 2008 by about $10,000. (Average sales price is determined by adding up all the sales prices and dividing by how many sales happened. Median sales price is determined by finding the mid-way point between the highest and lowest price of sold homes. In some real estate markets, the median sales price is a better indicator of sales prices, as a random super-high or super-low sales price can thwart an average.) Find the Value of Your Northeast Colorado Springs Home Popular Northeast Colorado Springs Home Searches:
Based on NE 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.
Thanks for reading our Colorado Springs Real Estate Blog! Posted on January 24th, 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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Northeast Colorado Springs Real Estate Market Info For December 2009Here is the Northeast Colorado Springs Real Estate Market report for December 2009 – brought to you by the Colorado Springs Real Estate Connection. NE Colorado Springs neighborhoods include all areas (roughly) north of Austin Bluffs, South of Woodmen Road, East of Nevada/I-25 and West of Powers Blvd. NE Colorado Springs neighborhoods include: Garden Ranch, Vista Grande, Pulpit Rock, Wagon Trails, Sundown and Newport Heights. Homes for Sale in Northeast Colorado Springs
Northeast Colorado Springs Sales Price Information
Days on Market for N/E Colorado Springs homes
“Based on single family home sales 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.” Featured Town Home for Sale in Northeast Colorado Springs: 6511 Pennywhistle Point - 3 Bedroom 2 Bathroom NEW Town Home for sale in Dublin Terrace Townhome Community. $2,500 in buyer incentives. Today’s Homes Imperial Model. Contact the Wagner iTeam for more information on qualifying for the $2,500 buyer incentive on this town home: 719.434.7525 or 719.434.8346 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 10th, 2010 by Mariana Wagner
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Northeast Colorado Springs Real Estate Market Info For November 2009Here is the Northeast Colorado Springs Real Estate Market report for November 2009 – brought to you by the Colorado Springs Real Estate Connection. NE Colorado Springs neighborhoods include all areas (roughly) north of Austin Bluffs, South of Woodmen Road, East of Nevada/I-25 and West of Powers Blvd. NE Colorado Springs neighborhoods include: Garden Ranch, Vista Grande, Pulpit Rock, Wagon Trails, Sundown and Newport Heights. Homes for Sale in Northeast Colorado Springs
Northeast Colorado Springs Sales Price Information
Days on Market for N/E Colorado Springs homes
“Based on single family home sales 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.” Featured Town Home for Sale in Northeast Colorado Springs: 6511 Pennywhistle Point - 3 Bedroom 2 Bathroom NEW Town Home for sale in Dublin Terrace Townhome Community. $193,690 with $5,000 in buyer incentives. Today’s Homes Imperial Model. Contact the Wagner iTeam for more information on qualifying for the $5,000 buyer incentive on this town home: 719.434.7525 or 719.434.8346 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 14th, 2009 by Mariana Wagner
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Northeast Colorado Springs Real Estate Market Info For October 2009Here is the Northeast Colorado Springs Real Estate Market report for October 2009 – brought to you by the Colorado Springs Real Estate Connection. NE Colorado Springs neighborhoods include all areas (roughly) north of Austin Bluffs, South of Woodmen Road, East of Nevada/I-25 and West of Powers Blvd. NE Colorado Springs neighborhoods include: Garden Ranch, Vista Grande, Pulpit Rock, Wagon Trails, Sundown and Newport Heights. Homes for Sale in Northeast Colorado Springs
Northeast Colorado Springs Sales Price Information
Days on Market for N/E Colorado Springs homes
Popular NE Colorado Springs Real Estate Searches:
“Based on single family home sales 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.” Featured Town Home for Sale in Northeast Colorado Springs
6511 Pennywhistle Point - 3 Bedroom 2 Bathroom NEW Town Home for sale in Dublin Terrace Townhome Community. $191,950 with $15,000 in buyer incentives. Today’s Homes Imperial Model. Contact the Wagner iTeam for more information on qualifying for the $15,000 buyer incentive on this town home: 719.434.7525 or 719.434.8346
Thanks for reading our Colorado Springs Real Estate Blog! Posted on November 20th, 2009 by Mariana Wagner
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