If your home is off a busy street or inconveniently located, it may have expired for that very reason. Location is very important to buyers in this market. With increasing gas prices, many buyers are looking for a home near their place of work so they can save money on gas or ride a bicycle […]
Market Report from 8/23/2008 through 9/23/2008 Average Sale Price: $224,701Average Days on Market (active listings): 91 daysHome Inventory: 5 monthsAbsorption Rate: 5.83%List Price vs. Sale Price Ratio: 97.3% Patricia Beck – Selling Colorado Springs Homes *Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
Market report for 8/23/2008 through 9/23/2008 Ridgeview at Stetson Hills is an area located near the Powers Corridor just North of Stetson Hills in Colorado Springs. Homes in this area consist of ranch and 2-story floor plans and were built by various builders including: John Laing, Richmond American Homes, Melody Homes, and Pulte Homes. This subdivision is conveniently […]
Colorado Springs Real Estate Market report for Wolf Ranch – August 23 – September 23 Wolf Ranch is located east of the Powers Corridor in the Briargate area of Colorado Springs. There are single family homes in this area in addition to townhomes built by Engle Homes. Floor plans in this subdivision are primarily Ranch […]
The Pine Creek Subdivision is located in Briargate area of Colorado Springs. Homes in this area primarily consist of Ranch and 2-story floor plans built from 2000 – current. Market report for August 23 – September 23 Average Sale Price: $438,980 Average Days on Market (active listings): 204 days Home Inventory: 9.5 months Absorption Rate: […]
The Charleston Place subdivision is located in the Briargate area of Colorado Springs and also part of School District 20. Many homes in this neighborhood were built in the late 1990’s and located in cul-de-sacs. This subarea is conveniently located near a shopping center, schools, and medical offices. Although there are 11 homes actively for […]
Gatehouse Village is a beautiful area located in the Briargate area of Colorado Springs and conveniently located near Research between Austin Bluffs and Union. The grocery store, YMCA, and Briargate Shops are only minutes away! The Average Sold Price for Gatehouse Village Subdivision was $301,200 for the month of August The Average Days on Market for Active Listings […]
FHA currently requires a minimum down payment of 3% from home buyers and beginning January 1, 2009, FHA will increase the requirement to 3.5%. If you are in the process of purchasing a home in Colorado Springs, the loan must close by December 31, 2008 in order to fall under the current guidelines (3% down payment). […]
The condition of your Colorado Springs Home could be another reason your home expired. There is competition among sellers in Colorado Springs when over 6,000 single family homes are for sale in El Paso County. If your home is not in good condition then it is unlikely it will sell unless you price it well […]
Homes sales dropped by 12% in El Paso County for the month of August when compared to the previous month of July. Although total single family home sales dropped, the inventory for single family homes in the Pikes Peak MLS also declined. The pie chart below breaks down the total Single Family Home Sales for August […]