The Colorado Springs Real Estate Connection would like to share some interesting data from the Pikes Peak Realtor® Services Corp., regarding single family home sale information from June 2009 through June 2010. This data reflects all areas both in and around Colorado Springs, to include Monument, Fountain, Peyton and Manitou Springs.

Homes for Sale

• June 2009: 5,161 homes
• December 2009: 3,952 homes
• June 2010: 5,963 homes

Comment: Oftentimes there more homes for sale in the Colorado Springs real estate market during the Summer.

Average Days on Market

• June 2009: 89 days
• December 2009: 79 days
• June 2010: 78 days

Comment: “Days on Market’ data represents how long a home was “for sale” before going under contract to close. These days do not reflect any home that was on the market and then removed from the MLS for more than 30 days before being re-listed, and therefore does not paint a complete picture of time on market.

Average Sale Price

• June 2009: $225,402
• December 2009: $223,143
• June 2010: $237,318

Comment: The average sales price combines all prices in all areas – from the $60k fixer uppers to the luxury homes in Colorado Springs. A more accurate look would be at median sales price which is consistently about $30k less.

Total YTD (Jan-June) Sales

• June 2009: 3,894 sales
• June 2010: 4,361 homes

Comment: This is a HUGE increase from 2009-2010, which I would definitely attribute to the availability of the Tax credit for the first part of this year.

By no means does this data mean that the Colorado Springs real estate market is turning around, but it IS a good sign that we may possibly be stabilizing … at least for now. But, with the large selection of homes for sale and the low interest rates, now IS the time to buy a home in Colorado Springs.

Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525

Here is the Fountain and Fort Carson real estate market report for May 2010 – brought to you by the Colorado Springs and Fountain Real Estate Connection.  Fountain Colorado is located immediately south of Colorado Springs and adjacent to Fort Carson Army Base. The Fountain real estate market also consists of some unincorporated areas of Colorado Springs, to include: Security, Widefield and Colorado Centre.

Homes for Sale in the Fountain and Fort Carson Area

• Active Listings: 485 homes
• New Listings: 171 homes
• Sold Listings: 85 sales

Fountain and Fort Carson Area Sales Price Information

• Median Sales Price: $163,200
• Average Sales Price: $168,933
• Sale Price to List Price Ratio: 99.2%

Days on Market for Fountain and Fort Carson Area homes

• Average Days on Market: 64 days

Popular Fountain Real Estate Home Searches:

• Town Homes and Condos for Sale in Fountain Valley
• Homes for Sale in Cross Creek – Fountain, CO
• Homes for Sale in Heritage – Fountain, CO
• Homes for Sale in Countryside – Fountain, CO
• Search Homes for Sale in 80817

Based on Fountain and Fort Carson real estate single family home information from the Pikes Peak REALTOR Services Corp. (”RSC”), for May 2010 .  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 Homes for Sale in Fountain Valley and Widefield

Showing properties 1 - 2 of 2. See more Wagner iTeam Fountain Valley Listings.
(all data current as of 9/2/2010)

1. $185,000 : 6813 Fielding Cr, Colorado Springs
   
   5 beds, 3 full baths

   Size: 2,398 sq ft

   Listed with Keller Williams Hope Realty
2. $375,000 : 4916 Daredevil Dr, Colorado Springs
   
   5 beds, 4 full baths

   Size: 3,891 sq ft

   Listed with Keller Williams Hope Realty

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Posted By: Mariana Wagner – Wagner iTeam at Keller Williams Realty – 719.434.8646
Fountain and Fort Carson Real Estate Expert

Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525

Did the Home Buyer Tax Credit deadline affect APRIL pending home sales in the Colorado Springs real estate market?

Simple answer: YES.

The majority of Colorado Springs neighborhoods did see a boost in pending sales this April (2010). These numbers were not only higher than March 2010, but in most areas, the number of pending home sales were significantly higher than in April 2009 (which is more reliable data, seeing as home sales usually go up a bit in April, regardless of the incentives to buy).

Let’s take a look at the neighborhoods that saw the greatest surge in pending home sales this April:

• Briargate had 59 pending home sales. This is 20 more than March and 18 more than last April.
• Central and Downtown Colorado Springs had 62 pending home sales. This is 28 more than March and 21 more than last April.
• East Colorado Springs had 65 pending home sales. This is 16 more than March and 23 more than last April.
• Marksheffel Area had 20 pending home sales. This is 12 more than March and 8 more than last April. The Marksheffel Area is home to the Claremont Ranch and Banning Lewis Ranch real estate markets.
• Old Colorado City had 62 pending home sales. This is 28 more than March and 21 more than last April.
• Powers Area had 85 pending home sales. This is 12 more than March and 18 more than last April. The Powers Area is home to the Springs Ranch, Indigo Ranch, Cimarron Hills and Stetson Hills real estate markets.
• Southwest Colorado Springs had 59 pending home sales. This is 34 more than March and 22 more than last April. Southwest Colorado Springs is home to the Skyway and Broadmoor real estate markets.

Neighboring Cities:

• Fountain Valley had 111 pending home sales. This is 36 more than March and 13 more than last April. Fountain Valley also includes the Colorado Springs areas of Security and Widefield.
• Monument and Palmer Lake had 54 pending home sales. This is 23 more than March and 28 more than last April.

So, there should not be any doubt as to the effectiveness of the Tax Credit deadline. However, we should see an increase in closed deals (sales), and so we need to watch the next couple of months to see if we a slow down in pending sales.

Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525

There are some great NEW homes in Colorado Springs* that are ready for a quick close and qualify for the Home Buyers Tax Credit! Each of these homes are fully complete and ready for a quick move-in.

Read More: Colorado Springs Real Estate: Home Buyer Tax Credit Has Been Extended and Expanded

Take a Look…

Dublin Terrace Townhomes – Dublin and Powers:

5669 St. Patricks View
2 Bed/3 Bath/1 Car/1,429 sf – Hardwood Floors & All Appliances
$164,999 + $4,000 Paid Closing Costs
Recorded Audio Tour: 1-800-610-0037  Ext.4107

Stratmoor Town Homes – Near Ft. Carson:

4822 Hobkirks
2 Bed/2 Bath/1,135 sf – All Appliances Included!
$129,999 + $3,000 in Paid Closing Costs!
Recorded Audio Tour: 1-800-610-0037  Ext.4217

Read Also: Home Buyer Tax Credit Extended Until 2011 for Some Military Home Buyers

Banning Lewis Ranch – Former Model Home:

6768 Cottonwood Tree Drive
3 Bed/2 Bath – A/C and All Appliances Included
$249,999 + $5,000 + Paid Closing Costs
Recorded Audio Tour: 1-800-610-0037  Ext.4147

*Each of these homes are built by Today’s Homes.

For more information on any of these homes, or to schedule a time to check them out, please contact the Wagner iTeam: 719.434.8346

Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525

If you are looking to buy a home in the Fountain or Colorado Springs real estate markets, and you or your spouse is in the military … you may qualify for the First Time Home Buyer Tax Credit extension!

Yes, if you or your spouse “served on qualified official extended duty service outside of the United States for at least 90 days in 2009” you have an extra year to buy a home and take advantage of the $8,000 Home Buyer Tax Credit!

Here’s the scoop…

“Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase.

Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.”  ( IRS.gov )

Many thanks to Jay – Phoenix Real Estate Guy – for the IRS link

Read Also: Home Buyer’s Tax Credit Extended: Great News for Military Families

So, if you are in the military and want to take advantage of the tax credit (and low rates and great home selection) but do not want to rush into buying a house in the next couple weeks, this tax-credit extension may be your perfect option!

Let us know how we can help you in your home search this Summer! 719.434.8346

Check Out: Top 6 Neighborhoods and Homes Near Fort Carson

Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525