Many homes in Colorado Springs built in the mid 70’s through the late 90’s had Polybutylene plumbing installed since it was more economical than copper. It was later discovered the Polybutylene pipes had problems with deterioration in addition to problems with the aluminum fittings. As you can imagine, this would cause flooding and major water problems for homeowners. Homeowners who have Polybutylene plumbing […]
When out looking at homes, buyers can save themselves a lot of wasted time by paying attention to possible problems with the home before submitting an offer. Many first time home buyers in Colorado Springs are seeking bank owned properties but if the buyer is obtaining FHA or VA financing, FHA or VA guidelines may make […]
As of July 1, 2009 all home sellers in Colorado Springs who have an appliance that operates from natural gas (i.e. furnace, water heater), are now required to have Carbon Monoxide Alarms installed within 15 feet of all bedrooms in the home. If all of the bedrooms in a home are on the same level, […]
It can be tricky timing everything correctly when selling one home and buying another at the same time. Closing on two homes in the same day is not uncommon but can pose problems if there are any delays with the transaction being funded on time. Per section 4.3 of the Contract to Buy and Sell […]
Powers is located in the Eastern area of Colorado Springs and in School District 49. A total of 104 single family homes sold in the month of May with the average sale price of $202,579. The average days on market for homes that sold in May 2009 was 85 days. There are currently a total of 396 single family homes listed […]
Many bank owned properties in Colorado Springs are receiving multiple offers since there are fewer foreclosures available in the Colorado Springs Real Estate Market. The number of foreclosures has not necessarily dwindled, it seems as though banks are choosing to create a demand for these types of properties by releasing a few at a time […]
Colorado Springs Real Estate Market Report for Stetson Hills – May 2009 Average List Price: $226,033 Average Days on Market (active listings): 93 days Absorption Rate: 8.8% List Price vs. Sale Price Ratio: 97.9% Contact me for additional information about homes in the Stetson Hills Subdivision of Colorado Springs. Providing real estate information and services for […]
Home inventory increased by 1.8% for the month of May 2009 when compared to six months ago (December 2008). Compared to the previous month of April, there was a slight increase (.6%) in single family homes for sale. It is good that we are seeing inventory levels remaining steady while home sales are increasing; this will ultimately […]
Homes sales increased by 17.5% in El Paso County for the month of May when compared to April 2009. Home sales should continue increasing now that we have entered the busy time of year for real estate in Colorado Springs. There were only 8 additional single family home sales in May 2008 when compared to total […]
Many first time home buyers in Colorado Springs who cannot afford to purchase a single family residence opt for a townhome or condominium instead. So what is the difference between a condominium and a townhome? An owner of a condominium only owns the unit not the land it sits on. A condo may also have units above, […]