Annual Powers Area Colorado Springs Real Estate Market Report for 2009Here is the annual Powers Area Colorado Springs Real Estate Market report for 2009 – brought to you by the Colorado Springs Real Estate Connection. 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 real estate market, Springs Ranch real estate market, Greenhaven real estate market, Indigo Ranch real estate market and Cimarron Hills real estate market. Red More: About the Powers Area Colorado Springs Real Estate Market Powers Area 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 Powers Area Colorado Springs kind of tapered as the year progressed. February had 384 available homes for sale. The least amount of homes were available in December (250 homes). An average of 83 homes were available each month in 2009.
Comments: The Powers Area Colorado Springs real estate market saw a total of 1,001 homes sell in 2009, which is 101 MORE home sales than we saw in 2008, at 900 home sales. The most homes sold in July (110) and the least amount of homes (43) sold in February 2009. Powers Area Colorado Springs Real Estate: Average Days on Market, by Month:
Comments: For the homes in the Powers Area Colorado Springs real estate markets that SOLD in 2009, the days on market ranged from just 58 days in October to 103 days in March. The average time that a home in Powers Area Colorado Springs stayed on the market was just 75 days (just 2.5 months!). This is almost identical to the 2008 average (74 days) for this area. Read More: About Selling Your Colorado Springs Home Powers Area Colorado Springs Real Estate: Median and Average Sale Price, by Month:
Comments: In 2009, Powers Area Colorado Springs homes were all over the board on a month-to-month basis, with the average sales price of $198,827 and a median sales price of $194,316. These prices are lower than 2008 by about only $5,000. Find the Value of Your Powers Area Colorado Springs Home Popular Powers Area Colorado Springs Homes Searches:
Based on Powers Area 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. Read Also: Banning Lewis Ranch and Powers Area Real Estate Market Info for December 2009
Thanks for reading our Colorado Springs Real Estate Blog! Posted on February 10th, 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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Banning Lewis Ranch and Powers Area Real Estate Market Info for December 2009Here is the Banning Lewis Ranch and Powers Area Real Estate Market Report for December 2009 – brought to you by the Colorado Springs Real Estate Connection. Marksheffel Area and Banning Lewis Ranch Real Estate:Marksheffel is a N/S thoroughfare in the easternmost 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 for Banning Lewis Ranch and Marksheffel Area homes
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 real estate market, Springs Ranch real estate market, Greenhaven real estate market, Indigo Ranch real estate market and Cimarron Hills real estate market. Homes for Sale in the Powers Area and Stetson Hills
Powers Area and Stetson Hills Sales Price Information
Days on Market for Powers Area and Stetson Hills homes
Popular Powers Area Colorado Springs Homes Searches:
Featured Home for Sale in Indigo Ranch ~ 7187 Indian River Drive “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.” 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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Banning Lewis Ranch and Powers Area Real Estate Market Info for November 2009Here is the Banning Lewis Ranch and Powers Area Real Estate Market Report for November 2009 – brought to you by the Colorado Springs Real Estate Connection. Marksheffel Area and Banning Lewis Ranch Real Estate:Marksheffel is a N/S thoroughfare in the easternmost 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 for Banning Lewis Ranch and Marksheffel Area homes
Read Also: Colorado Springs Real Estate – New Homes for Sale in Banning Lewis Ranch Popular Marksheffel Area Home Searches: 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 for Powers Area and Stetson Hills homes
Popular Powers Area Colorado Springs Homes Searches:
“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.” 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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Powers Area Real Estate Market Info for October 2009Here is the Powers Area Real Estate Market Report for October 2009 – brought to you by the Colorado Springs Real Estate Connection. 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 for Powers Area and Stetson Hills homes
Popular Powers Area Colorado Springs Homes 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.”
Thanks for reading our Colorado Springs Real Estate Blog! Posted on November 20th, 2009 by Mariana Wagner
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