Mariana Wagner

Northgate Category

Flying Horse Foreclosure Information for 2008

The Flying Horse real estate market saw 36 homes sales in 2008. 13.8% of these sales (5 sales) were distressed properties.

Here is a visual look at the 2008 Flying Horse real estate market for foreclosure and sales:

Total Flying Horse homes sales in 2008: 36 Sales

Total distressed home sales in Flying Horse in 2008: 5 Sales

• Pre-Foreclosure: 3 Sales
• Post-Foreclosure/ Bank Owned: 2 Sales

Search All Flying Horse Foreclosure
Homes for Sale

“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.”

March 15th, 2009 by Mariana Wagner | Leave A Comment

2008 Annual Northgate Colorado Springs and Flying Horse Real Estate Information – Average Days on Market

The annual 2008 average days on market for the Northgate and Flying Horse real estate market averaged at about 112 days. This means that the average home for sale in Northgate Colorado Springs sat on the market for almost 4 months before accepting an offer.

Broken down by month, we see the following:

The highest days on market were in March (181 days) and the lowest days on market were in July (27 days).

Buyer Tip: Take advantage of the high days on market to make an offer on a home that has been on the market for awhile. Home sellers get antsy after a couple months and may be more willing to negotiate with you on price and selling concessions.

Seller Tip: HAVE YOUR NORTHGATE HOME ON THE MARKET DURING THE SUMMER.

Popular Northgate Home Searches:

• Homes for Sale in Northgate
• Homes for Sale in Trail Ridge
• Homes for Sale in Stone Crossing & Middle Creek Manor
• Homes for Sale in Deer Creek Crossing
• Homes for Sale in Northgate Highlands
• Homes for Sale in Gleneagle
• Homes for Sale in Struthers Ranch
• Homes for Sale in Bison Ridge at Kettle Creek
• Homes for Sale in Flying Horse
• Land for Sale in Flying Horse
• Homes for Sale in 80921

“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.”

Read Also:

• 2008 Annual Northgate and Flying Horse Colorado Springs Real Estate Information – Sales Price Data
• 2008 Annual Northgate Colorado Springs and Flying Horse Real Estate Information – Homes for Sale

March 2nd, 2009 by Mariana Wagner | Leave A Comment

2008 Annual Northgate Colorado Springs and Flying Horse Real Estate Information – Homes for Sale

The Northgate Colorado Springs real estate market saw an average of 218 available homes for sale each month in 2008. An average of 49 new listings came on the market each month and an average of 20 homes sold each month.

So, we an average of 9.5% of the available Northgate Colorado Springs homes SOLD each month (4.1% – 13.2%). The most sales were in July – at 32 sales (13.2% of the inventory). The slowest month in 2008 for sales was March (9 sales, 4.1% of the inventory).

Buyer Tip: If you can, buy your Northgate home in the EARLY part of Spring. You will have a nice selection of homes and not a lot of competition, as most home buyers (who want Northgate for school reasons) will not be ready to buy for another couple months, as they are waiting for the current school year to end.

Seller Tip: Summer is a HOT time to buy a Northgate or Flying Horse home. Families are looking to get into School District 20 before the school year starts. Make sure your home is ready to sell in the Spring for a sale in the Summer.

Below is a closer look at the amount of available Northgate Colorado Springs homes and sold listings, per month in 2008.

Available Northgate Colorado Springs Homes for Sale 2008:

Northgate Colorado Springs Sold Listings for 2008:

Search All Homes for Sale in Northgate and Flying Horse

“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.”

Read Also:

• 2008 Annual Northgate Colorado Springs and Flying Horse Real Estate Information – Average Days on Market
• 2008 Annual Northgate and Flying Horse Colorado Springs Real Estate Information – Sales Price Data

March 2nd, 2009 by Mariana Wagner | 1 Comment »

2008 Annual Northgate and Flying Horse Colorado Springs Real Estate Information – Sales Price Data

Northgate is the northern tip of Colorado Springs (zip 80921) and includes the areas of Flying Horse, Gleneagle, Northgate Highlands, Trail Ridge and other smaller neighborhoods and is serviced by Academy Public School District 20.

The Northgate Colorado Springs Real Estate market saw a 2008 annual average sales price of about $373,800 and an annual average median sale price of $345,766.

Here we see how this was broken down by month:

Northgate Colorado Springs Homes were getting the highest prices in May of 2008, at an average sale price of $420,625. The lowest sale prices was in January of 2008, at an average of $336,808.

Buyer Tip: There have been some GREAT deals in Northgate recently. We have seen many foreclosures in Flying Horse that have enabled homebuyers looking for a great D20 home in a new golf course community to buy an awesome home at an awesome price. Additionally, there are many new build communities within and around Flying Horse that are offering GREAT incentives to buy a NEW home in Northgate. Talk to your real estate agent about those opportunities.

Seller Tip: When selling your Northgate home, you need to make sure that you are considering all the foreclosures and new build homes as your competition. It can be hard to compete against those homes. Here are some things that you can play up in your advertising against new build homes: Move in ready, landscaping complete and include all window coverings. Here are some things you can play up in your advertising against foreclosures: Quick close, Great condition and all appliances included.

The following graph shows the difference between what a Northgate and Flying Horse Colorado Springs home was listed for (list price/asking price) compared to what it actually sold for in 2008:

The 2008 Northgate Colorado Springs real estate market saw an annual average list price/sale price ratio of 96.7%. The highest ratios were in November (103.2%) which is an obvious reflection of the new home builders who adjust their pricing regularly and historically sell A LOT of homes in the last couple months of the year.

Buyer Tip: Homeowners are generally getting close to asking price on their homes. However, this average may be skewed though due to the many new homes that are sold in the Flying Horse neighborhoods. New home prices can fluctuate a lot and distort TRUE sale ratios. Also, the best builder incentives are in the last 2 months of the year … if you want a NEW Northgate home.

Seller Tip: It will be difficult to sell your Northgate home in November and December months as this is when builders tend to offer the BEST incentives  – usually incentives that a re-sale home seller cannot effectively compete with.

Search All Homes for Sale in the Flying Horse Real Estate Market
Homes for Sale in Flying Horse -  Land for Sale in Flying Horse
(See Also: Flying Horse Real Estate)

Search All Homes for Sale in the Gleneagle Real Estate 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.”

Read Also:

• 2008 Annual Northgate Colorado Springs and Flying Horse Real Estate Information – Homes for Sale
• 2008 Annual Northgate Colorado Springs and Flying Horse Real Estate Information – Average Days on Market

March 2nd, 2009 by Mariana Wagner | Leave A Comment

Northgate Colorado Springs Real Estate Market Report for December 2008

The Northgate real estate market for December 2008 is made up of several Colorado Springs neighborhoods, to include: Trail Ridge, Flying Horse and Gleneagle. (This report covers MOST new build activity, but may not reflect all new build sales in Northgate and Flying Horse.)

January 9th, 2009 by Mariana Wagner | Leave A Comment