Home inventory has decreased by 16% for the month of November 2009 when compared to six months ago (June 2009). Compared to the previous month of October, there was a 3% decrease in single family homes for sale. It is good that we are seeing inventory levels steadily dropping; this is necessary if we want to […]
Homes sales increased by 2.7% in El Paso County for the month of November when compared to October 2009. There were 295 additional single family home sales in November 2009 when compared to November 2008! There were also an additional 1,246 single family homes for sale in November 2008. Despite the market inventory being lower, home […]
If you plan on purchasing a home in foreclosure and do not plan on living in the home as your principal residence, you may be affected by the Colorado Foreclosure Protection Act. If a property falls under the Colorado Foreclosure Protection Act, investors are required to utilize a different contract when purchasing a home in foreclosure. According […]
Homes in the Briargate area are primarily located in School District 20. A total of 39 single family homes sold in the month of October with the average sale price of $275,636. The average days on market for homes that sold in October 2009 was 63 days. There are currently a total of 295 single family homes listed […]
Homes sales decreased by 6% in El Paso County for the month of October when compared to September 2009. There were 124 additional single family home sales in October 2009 when compared to October 2008. There were also an additional 1,388 single family homes for sale in October 2008. Despite the market inventory being lower, home […]
Home inventory has decreased by 11.7% for the month of October 2009 when compared to six months ago (May 2009); one of the largest inventory decreases we have seen in a long time! Compared to the previous month of September, there was a 8% decrease in single family homes for sale. It is good that […]
It is now official! The tax credit has been extended through June 30, 2010. Take a look below for the details: 1.) Home buyers who have lived in their home for five consecutive years over the past eight years qualify for a $6,500 tax credit when making a home purchase. 2.) The qualifying income limits are now increased […]
Home inventory has decreased by 3.5% for the month of September 2009 when compared to six months ago (April 2009). Compared to the previous month of August, there was a 4% decrease in single family homes for sale. It is good that we are seeing inventory levels remaining steady. Single Family Home Inventory in the […]
Homes sales decreased by 7.6% in El Paso County for the month of September when compared to August 2009. There were 89 additional single family home sales in September 2009 when compared to September 2008. There were also an additional 1,195 single family homes for sale in September 2008. The average ($214,848) and median ($189,900) […]
The first time home buyer tax credit is going to expire on November 30th, 2009. The credit may be extended and made available to all home buyers but nothing has been made official at this time. If you are a first time home buyer, do not delay in purchasing a home in Colorado Springs if you would […]