Top 3 Most Expensive Home Sales in the Colorado Springs Real Estate Market for 2009In 2009, the Colorado Springs real estate market saw 2 homes sell for more than $2 Million, with 2 of the 3 most expensive home sales being Broadmoor condos. All 3 homes were in the Broadmoor real estate market. 1.755 El Pomar Road , Unit 332, Colorado Springs CO 80906 – Broadmoor Hotel
Search All Broadmoor Resort Luxury Condos for Sale 2. 5065 Broadlake View, Colorado Springs CO 80906 – Broadmoor Resort
Search All Luxury Broadmoor Real Estate Over $1 Million 3. 755 El Pomar Road, Unit 331, Colorado Springs CO 80906 – Broadmoor Hotel
Search All Broadmoor Resort Luxury Condos for Sale For more information on buying or selling a luxury home in Colorado Springs, please contact the Wagner iTeam at Keller Williams Realty: 719.434.7525 Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for January – December 2009 . All images and information are courtesy of the Pikes Peak MLS SOLD data and used by permission through the IDX agreement. 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 February 17th, 2010 by Mariana Wagner
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Annual Southwest Colorado Springs and Broadmoor Real Estate Market Report for 2009Here is the annual Southwest Colorado Springs and Broadmoor Real Estate Market report for 2009 – brought to you by the Colorado Springs Real Estate Connection. Southwest Colorado Springs is home to the Stratmoor Valley, Cheyenne Mountain, Skyway and Broadmoor real estate markets. Search All Luxury Broadmoor Real Estate Over $1 Million Red More: About the SW Colorado Springs and Broadmoor Real Estate Market SW Colorado Springs and Broadmoor Real Estate: Available, New and Sold Listings, by Month:
Comments: Throughout the year we saw the number of available homes for sale in SW Colorado Springs and Broadmoor remain peak in the warmer months. The most available homes for sale were in August (393) and the least amount of homes were available in January (252).
Comments: The SW Colorado Springs and Broadmoor real estate market saw a total of 325 homes sell in 2009, which is less home sales than we saw in 2008, at 377 home sales. The most homes sold in July (57) and the least amount of homes (28) sold in March 2009. SW Colorado Springs and Broadmoor Real Estate: Average Days on Market, by Month:
Comments: For the homes in the SW Colorado Springs and Broadmoor real estate markets that SOLD in 2009, the days on market ranged from just 64 days in October to 143 days in May. The average time that a home in SW Colorado Springs and Broadmoor stayed on the market was just 94 days (just over 3 months). This is one week longer than the time on market in 2008 for this area. Read More: About Selling Your SW Colorado Springs Home SW Colorado Springs and Broadmoor Real Estate: Median and Average Sale Price, by Month:
Comments: In 2009, SW Colorado Springs and Broadmoor homes were all over the board on a month-to-month basis, with the average sales price of $294,260 and a median sales price of $239,588. Find the Value of Your SW Colorado Springs and Broadmoor Home Popular Southwest Colorado Springs and Broadmoor Home Searches:
Based on SW Colorado Springs and Broadmoor 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 February 6th, 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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New York’s Skinniest Home Sells for $2.1 MillionThe Colorado Springs Real Estate Connection’s Mariana Wagner grew up in New York City. So when interesting real estate sales pop up in the New York Real Estate market, we like to share them, here… This is an interesting story about the sale of New York’s skinniest home.
It is nice to learn about this “little” piece of New York history! Now, the Colorado Springs real estate market has some historical homes and buildings, but since we were only founded in 1871, we will never have as deep of architectural history as New York, which was one of the original 13 American Colonies. Most of Colorado Springs historical homes are found in the Downtown Colorado Springs real state market and the SW Broadmoor real estate market.
We also have some luxury homes for sale in Colorado Springs and surrounding areas – Homes over $1 Million. Most of these homes can be found in the S/W Broadmoor real estate market and the Black Forest real estate market.
**Photo Credit: http://www.flickr.com/photos/hairygrumpy/ / CC BY 2.0
Thanks for reading our Colorado Springs Real Estate Blog! Posted on January 15th, 2010 by Mariana Wagner
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Southwest Colorado Springs and Broadmoor Real Estate Market Info For December 2009Here is the Southwest Colorado Springs and Broadmoor Real Estate Market report for December 2009 – brought to you by the Colorado Springs Real Estate Connection. Southwest Colorado Springs is home to the Stratmoor Valley, Cheyenne Mountain, Skyway and Broadmoor real estate markets. Search All Luxury Broadmoor Real Estate Over $1 Million Homes for Sale in the S/W Colorado Springs and Broadmoor Areas
S/W Colorado Springs and Broadmoor Areas Sales Price Information
Days on Market for Southwest Colorado Springs and Broadmoor Area homes
Popular Southwest Colorado Springs and Broadmoor Home Searches:
“Based on single family home sale 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 SW Colorado Springs Homes for Sale – Wagner iTeam Listing:
Posted By: Wagner iTeam at Keller Williams Realty – 719.434.7525
Thanks for reading our Colorado Springs Real Estate Blog! Posted on January 13th, 2010 by Mariana Wagner
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