If you are looking to purchase a bank owned property and want a bargain, take a look at how many days the home has been for sale before submitting your offer. If the home has been on the market for 30 days or less, the bank is probably not going to negotiate much on the […]
A property becomes a short sale listing when the homeowner owes more on the mortgage than what the property can be sold for in the current market. Many homebuyers are interested in purchasing pre-foreclosures since they are often listed below market value but if you expect for everything to be smooth sailing throughout the transaction you had […]
Buyers in Colorado Springs have probably noticed some of the short sale properties they have seen are double close transactions. An investor usually negotiates the short sale with the bank in advance for the seller and then finds a buyer for the property. The investor closes on the buying and selling side of the transaction in […]
Home inventory decreased by 13.1% for the month of March 2009 when compared to six months ago (October 2008). Compared to the previous month of February, there was a slight increase of .3%in single family homes for sale. In the month of March, the home inventory remained steady while home sales increased. We are seeing positive signs for […]
Homes sales increased by 12.3% in El Paso County for the month of March when compared to February 2009. Home sales will start increasing now that we have entered the busier time of the year for real estate in Colorado Springs. There were 156 more single family home sales in March 2008 when compared to total single […]
Real Estate Market Report – Meridian Ranch – March 2009 Average List Price: $325,890 Average Days on Market (active listings): 188 days Absorption Rate: 5.3% List Price vs. Sale Price Ratio: 97.6% Contact me for additional information about homes for sale in the Meridian Ranch subdivision. Patricia Beck – Selling Colorado Springs Homes *Information gathered […]
Colorado Springs Real Estate Market Report for Newport Heights Subdivision – March 2009 Average List Price: $308,520 Average Days on Market (active listings): 184 days Absorption Rate: 1.5% List Price vs. Sale Price Ratio: 96.9% Contact me for additional information about homes in the Newport Heights subdivision of Colorado Springs. Colorado Springs Realtor Patricia […]
Colorado Springs Real Estate – Market Report for Sundown – March 2009 Average List Price: $203,384 Average Days on Market (active listings): 99 days Absorption Rate: 3% List Price vs. Sale Price Ratio: 98.3% Contact me for additional information about homes in the Sundown subdivision of Colorado Springs. Colorado Springs Realtor Patricia Beck, providing real estate […]
Colorado Springs Real Estate Market Report for Springs Ranch – March 2009 Average List Price: $255,134 Average Days on Market (active listings): 58 days Absorption Rate: 8.2% List Price vs. Sale Price Ratio: 97.2% Contact me for additional information about homes in the Springs Ranch Subdivision of Colorado Springs. Providing real estate information and services for […]
Colorado Springs Real Estate – Market Report – Northwind – March 2009 Average List Price: $213,800 Average Days on Market (active listings): 93 days Absorption Rate: 1.3% List Price vs. Sale Price Ratio: 97.7% Contact me for additional information about homes in the Northwind Subdivision of Colorado Springs. *Information gathered from the Pikes Peak MLS is […]