$750k-$800k Home in Manitou Springs CO- 2

202 Chelten Road

3 Bedroom, 4 Bathroom 5 Car Garage, 4202 sqft, .79 Acre lot, $765,000

For more photos and info, click here: RES - Customer Full Report

$750-$800k Luxury Home in Colorado Springs Area- 1

3370 Hydra Drive

5 Bedroom, 5 Bathroom, 3 Car Garage, 5290 sqft, D12, .56 Acre lot, $760,000

For more information and photos, click this link: RES - Customer Full Report

Profits? It’s Not That Flippin’ Easy

Source: Monroe Real Estate.com

 AUTHOR:LEONARD BARON

It’s tough to resist the entertainment factor in those reality TV shows like “Flip That House.” But here’s a little secret you may not know: Not everything on TV is as it seems.

In fact, I would guess that based on my experience of watching people try and flip properties for profit, 90 percent who try it once never attempt it again.

I’m not saying it isn’t possible for this to be profitable, and I know people who do it full time and do make money at it. But the odds are highly against the average person succeeding. However, if all those reality TV shows have piqued your interest, here are a few items to consider if you want to attempt this strategy.

Buy Low, Sell High

First, you will have to buy a property at significantly below market value or sell it above market value to make money. If you buy it and sell it at the market, you will lose money due to commissions, time, and renovation costs. So your best bet is buying a property below market value. That’s not simply below what it sold for four years ago, it’s below what is the current market value after taking into account all the distressed property sales in the area. And if it’s a decent property, you’re probably going to be fighting many other individuals trying to buy the same house. And when lots of people are vying for one piece of real estate, the price gets bid up and you probably are going to pay market value.

Recouping Value

What about adding value with a renovation? While there is no question you can add value by renovating a property, you probably will not add more value than the cost of that value. (Check out the Hanley Wood estimator, especially “cost recouped” column.) You might put in a $20,000 kitchen that only adds $15,000 in value. More than likely you will go way over budget on the rehab and spend way more than the value you add.

Transaction Costs

Another tough challenge is the costs on both sides of your flip. There are significant transaction costs on the buy and sell. Probably 3-to-5 percent in costs when you purchase property, and up to 10 percent when you sell property. So you really need to sell the property — and this is without regard to any rehab costs or holding costs — for about 20 percent greater than you paid. That’s just to break even.

Those holding costs also come into play. You may think you will resell the property in three months, and you might. But what if it takes six months, or nine months. You will be making mortgagepayments, property tax payments, insurance, some maintenance, HOA fees, and all other kinds of costs as you hope to get the property sold quickly. And they add up, wait until you are the one writing the checks each month.

Fuzzy Math on This Flip

An individual I knew bought a property for $100,000 and sold it for $140,000, netting $40,000 in six months — so he told me. Then we talked about the costs involved. Purchase and finance costs, including $5,000 for rehab costs; $8,000 for holding costs; $6,000. He was up to $19,000 in costs before he even transferred title to the new owner. Sales costs added about $10,000 and he gave the buyer a $3,000 credit, too. That added another $13,000 in costs.

Here is the revised math on his flip: Sale price was $140,000, less total costs of $32,000 ($19,000 + $13,000), less his $100,000 purchase left him with $8,000 in profit for six months of work. So much for the $40,000 profit.

This result is more typical with profit-making real estate deals. Some people do score on short term, get-rich=quick attempts. Most of them are doing it full time and taking significant risks with their investing choices.

Luckily. the guys flipping properties on TV are making a living producing TV shows and getting paid by advertisers. That means their house flipping is more theater than business. There’s a much better chance they will make a living that way then trying to actually flip properties for a profit.

Go Green and Save Green This Spring with Simple Energy-Saving Tips

Even though Earth Day has come and gone, it’s a good time to remember that energy efficiency can help “green” the planet while keeping more “green” in your wallet, says the Alliance to Save Energy.

In fact, based on April data from the U.S. Department of Energy, the Alliance has calculated that the average U.S. household will spend about $2,100 on home energy this year.

“Consumers who experienced high winter heating bills and are already contending with spiraling gasoline prices are eager to spend less on home energy this spring and summer,” said Alliance President Kateri Callahan. “Energy efficiency not only significantly cuts home energy costs, it also increases indoor comfort.”

To help U.S. consumers go green and save green this spring, the Alliance offers the following energy-saving tips:

Seal air leaks and properly insulate. This should always be the first step toward reducing energy waste as it can save homeowners up to 20 percent on heating and cooling bills. In addition, taking the time to seal air leaks and properly insulate will increase your home’s comfort.

Turn things off. Take the time to turn off all lights, appliances and electronics when you’re not using them.

Take advantage of window coverings. Close blinds located on the sunny side of your home during the summer and open them in the winter. http://ase.org/resources/earth-day-lighting-dos-donts

Get with the program. A programmable thermostat, properly programmed, can save up to 10 percent on heating and cooling costs.

Look for the Energy Star label. The government’s symbol for energy efficiency, the Energy Star label can be found on a wide range of consumer products and can save homeowners up to 30 percent on related electricity bills.

New and improved light bulbs. Reduce energy use from about a third to as much as 80 percent with today’s increasing number of energy-efficient halogen incandescents, compact fluorescents and LEDs.
http://ase.org/efficiencynews/top-10-tips-energy-efficient-laundry

Clean or change furnace filters regularly. A dirty filter will slow down air flow and make the system work harder to keep you warm.

Reduce water heater temperature to 130° F. Lowering your water heater’s temperature will save you both energy and money. Be sure to wrap the water storage tank in a specially-designed “blanket” to retain the heat as well.

Switch to cold water. Washing your clothes in cold water will help you save money on laundry day.
Use low-flow faucets and shower heads to save money on water bills, too.

Source: Alliance to Save Energy  By Ronnie Kweller
Published with permission from RISMedia.

$700- $750k Luxury Home in Colorado Springs- 5

3220 Blogett Drive
5 Bedroom, 6 Bathroom, 3 Car Garage, 5871 sqft, D20, .44 Acre, $745,000
For more information and photos, click here: RES - Customer Full Report

7 Springtime Home Spruces to Boost Buyer Interest

By Tara-Nicholle Nelson 


One of the first things many homebuyers look for are the unmistakable signs of something called ‘pride of ownership.’ As a whole, it’s a relatively intangible concept: there are just homes that have it - reeking of their owners’ love and meticulous care for the property -- and homes that, well, don’t.

I’ve watched firsthand as buyers who like a cute home that is in generally good shape literally talk themselves into looking at a more homes once they start to notice one rickety gate, which snowballed into a nitpicky laundry list of little, tiny fixes the seller had left undone. The challenge is that between deciding whether and when to sell, staging, interviewing agents and determining a list price, it can be tempting for homeowners to fall into the trap of deferring maintenance on a home they might sell soon.

Whether you plan to put your home on the market next week or next year, here is a short list of  home maintenance items you should put on your Spring to-do list, stat, if you want to attract qualified buyers and let your home sweet-talk them into making a sweet offer:

1. Banish chips, scuffs and the like with a fresh coat of paint. I believe that eliminating nicks, scuffs and scratches on any painted or finished surface is one of the cheapest, easiest and most impactful spruces a seller-to-be can do.  That’s because these little tiny blemishes create a shabby appearance on a home that might otherwise be in great shape, but can be entirely banished with a good washing and some fresh paint.

This goes for interior and exterior walls, floors, and especially any sort of trims that are painted white, as is common with crown and floor moldings - scuff marks and blemishes seem to pop out from these items. Also, the edges of cupboards, doors and drawers are places where chips and nicks are so common that homeowners overlook them, but can be super visible to buyers who visit your home for the first time.

2. Brighten, polish and replace all trims.  One day, I’ll do a scientific study, and I predict the results will reveal that if you put two identical homes side-by-side and give one a set of tricked-out trims - exterior shutters, front door, eaves - even your house numbers, door knockers, kickplates and other exterior hardware - people will rate the house with the beautiful trims way higher on the ‘pride of ownership’ scale than you’d expect.

Go stand on your own curb to get the buyer’s-eye view of your home, and then drive around your own neighborhood or the nicest part of town and flip through some home improvement mags or websites for ideas.  If you can add attractive trims, freshen up the ones you have or paint them to create an unexpected but attractive color combination with the body of your house, you can skyrocket your home’s standing on my (newly invented) ‘pride of ownership’ scale.

3. Furry, drippy, noisy or broken HVAC systems. Maintaining your heating and air conditioning systems is not that expensive, but buyers think it is. In fact, your furnace  and AC are precisely the sort of major household machinery that intimidate first-time home buyers.  So, if they show up to the open house or a private showing of your home in June and the AC is making a funny knocking sound or just flat out doesn’t work well enough to keep the house cool, buyers might perceive that as a more serious red flag than it truly is.

Does your AC has that furry ‘science experiment’ look to it? Not only are you paying for the energy it’s probably wasting to push the air pass all that dust and dirt, the gross-out factor will have even the hardiest buyer wondering what else might be wrong with your home.

On the flip side, letting prospective buyers know that your home’s HVAC systems have been recently maintained or upgraded is a nice touch that makes itself obvious during showings and allows buyers to breathe a sigh of relief when it comes to concerns about short-term repair bills and the comfort level of family members who may have allergies and asthma.

Side note: if your AC does make a funny sound you might be so accustomed to you can’t hear it anymore - check in with your agent unless you know as a matter of fact that your AC is in tip-top shape. One more side note: if you live someplace where it gets cold around the holidays and you don’t plan to list your home until wintertime, right now may be the ideal time to have your heating system serviced. Off-season repairs and maintenance are often discounted.

4. Mend and tend to your fences, gates and screens. These items may not jump out at us in our own home - in fact, these are things I often see sellers skimp on or run out of time and money to tend to. And it’s easy to rationalize your way out of dealing with them, as they seem like relatively inexpensive fixes for buyers to make themselves.  But screens with holes in them and gates that don’t budge or hang off their hinges are precisely the sorts of things I’ve seen make buyers walk back through a home looking for other flaws; and anything to do with fences makes them envision neighbor disputes over bills.  You have the power to avoid sparking these concerns in the minds of house hunters by mending these items this Spring.

5. Doors, cupboards and drawers. One creaky door or squeaky cupboard does not kill a deal. But keep in mind that in some homes, other than the lights, these are the only functioning systems of your home that house hunting visitors will almost certainly use during the course of a viewing. Making sure your entry, interior closet and cupboard doors are in good cosmetic shape and that they work well and don’t stick is an easy, inexpensive way to position your home as a (literally) well-oiled machine.

One point of clarification – it’s less the case that buyers will notice, ooh and ahh over your smoothly sliding drawers than that they will notice and grow concerned if they don’t.

6. Have everything cleaned and washed. Even the most immaculate of housekeepers can realize a massive refresh to the look, feel, smell and the overall air quality of their homes by having professional cleaners come take a tour through the place. Springtime is a great time to ask your agent for referrals to the best local vendors to power wash your house, windows and driveway, as well as to have your carpets, rugs and window coverings cleaned. For those who are on a tight budget, many vendors offer Spring cleaning promotions for these services right about now (and if your budget is even tighter, there are products you can buy and machines you can rent to do these things yourself – just make sure you account for the value of your time).

7. Shred it up.  Some might say this is more like Spring cleaning than home maintenance, but I’ve noticed that the clutter of boxes and boxes of paperwork, old file cabinets and the like have a tendency to contribute to the sense that a listed property might be unkempt, the aura of  stagnation. If you have no cash to do anything else on this list, one thing you can do for free is to go through all your files and boxes, get rid of old papers and shred anything with sensitive information.

Just think – you’ll have to do it anyway when you move, so this is like giving yourself a head start and your attic, basement office or other rooms a fresh start. You can count it as a staging tactic as well, as it gives the rooms at issue some added visual white space, making them seem larger!

$700k-$750k in Colorado Springs Area- 4

17555 Colonial Park Drive

6 bedroom, 5 Bathroom, 3 Car Garage, 6260 sqft, 2.5 Acres, $749,058

    For more information and photos, click this link: RES - Customer Full Report

Seminar for Investors

This event came highly recommended by other Realtors. If you are an Investor or are thinking about becoming one, you may want to check it out.

http://events.r20.constantcontact.com/register/event?llr=g5m7t4cab&oeidk=a07e5ppo79dcea3d5e2

Homebuilder contracts to buy northern part of Banning Lewis | homebuilder, homes, banning - Colorado Springs Gazette, CO

Homebuilder contracts to buy northern part of Banning Lewis | homebuilder, homes, banning - Colorado Springs Gazette, CO

Informative article about Banning Lewis Ranch's future.

Fixed Mortgage Rates Edge Slightly Higher

The time to buy is now. Prices are low. Rates are low, but expected to increase. Don't miss out!

Last week, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates holding relatively stable this week amid signs that inflation remains in check with the 30-year fixed up slightly at 3.90 percent and 15-year fixed at 3.13 percent. Meanwhile, the average 5-year ARM hit a new all-time low of 2.78 percent, from its previously low of 2.80 percent set the first week of February, 2012.

Details include:

• 30-year fixed-rate mortgage (FRM) averaged 3.90 percent with an average 0.8 point for the week ending April 19, 2012, up from last week when it averaged 3.88 percent. Last year at this time, the 30-year FRM averaged 4.80 percent.
• 15-year FRM this week averaged 3.13 percent with an average 0.7 point, up from last week when it averaged 3.11 percent. A year ago at this time, the 15-year FRM averaged 4.02 percent.
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.78 percent this week, with an average 0.7 point, down from last week when it averaged 2.85 percent. A year ago, the 5-year ARM averaged 3.61 percent.
• 1-year Treasury-indexed ARM averaged 2.81 percent this week with an average 0.6 point, up from last week when it averaged 2.80 percent. At this time last year, the 1-year ARM averaged 3.16 percent.
According to Frank Nothaft, vice president and chief economist for Freddie Mac, "Fixed mortgage rates held relatively stable this week amid signs that inflation remains in check. Industrial production was flat in March, a reading below the market consensus forecast. Meanwhile, both headline inflation gauges (the consumer and producer price indexes) for March were in line with market expectations."


Published with permission from RISMedia.

$700k-$750k Homes in Colorado Springs Area- 3

7095 Eagle Wing Drive
5 Bedroom, 5 Bathroom, 3 Car Garage, D20, 5459 sqft, 2.77 Acres, $739,900
For more information and photos, click this link: RES - Customer Full Report

Nationwide Open House Weekend!

I will be at 8340 Capewood Ct on Sunday between 1pm and 4pm. 

Denver housing market second in nation for quick sales

Great article about why waiting isn't a good idea. We are seeing the exact same situation here in Colorado Springs.

By Steve Raabe The Denver Post The Denver Post
Posted: DenverPost.com

New advice from the trenches on buying a home: Look early. Think fast. Hone your quick-draw skills with the checkbook.
Metro Denver's real estate market, not long ago a buyer's domain, suddenly has shifted to a seller's paradise, at least in some neighborhoods and price ranges.
Realtors' offices are rife with fresh anecdotes of sellers happily cherry-picking from multiple offers — some of them above the asking price.
How fast is the market moving? A new report shows that Denver is No. 2 in the nation for the shortest length of time that a home is listed before being sold — 33 days — far below the national median of 89 days.
Until recently, prospective buyer Patty Kupfer had viewed shopping for a home as a weekend diversion. You know, tell your broker that you're available, say, from 2 to 4 p.m. on Saturday.
Hah.
"There's no such thing anymore as a weekend home tour," Kupfer said this week. "Because if you wait till the weekend, nothing's going to be there. If you're just looking casually, you're not really in the market."
Kupfer, managing director of a non-profit immigration-reform organization, said she has adjusted her approach in the face of vigorous competition from other buyers.
"Every house I've looked at has gone under contract within 48 hours," she said. "This has forced me to be more serious about it. The very next house that seems like a good fit, we're going to visit it that very day (it's first listed)."
In recent months, buyer demand has surged and the number of homes for sale in metro Denver has dropped sharply.
Unsold homes on the market totaled 10,325 at the end of March, a 42 percent drop from March 2011.
The result is that for some neighborhoods and some price ranges, homes are in short supply and selling fast.
In particularly high demand are homes priced from $250,000 to $400,000 and in central Denver neighborhoods such as Park Hill, Congress Park, Curtis Park, Mayfair and the Highlands, said Michelle Ackerman, Denver-area manager and broker for Redfin.
Even though metro Denver homes have shown only marginal price appreciation so far this year, realty analysts say strong demand and multiple offers could soon push values higher in lower to moderate price ranges.
One factor that makes price predictions difficult is foreclosures.
Lenders hold an estimated 1,650 foreclosed properties in metro Denver that haven't been put on the market,
according to data compiled by Redfin. As the market strengthens, more foreclosures will be listed for sale, which in turn could slow down price appreciation.
Sellers of homes listed for more than $500,000 generally aren't enjoying the market heat.
"Once you move above $500K, inventory widens dramatically and prices are still down, and arguably falling," Ackerman said.
Elsewhere, inventories are low and urgency among buyers is high.
Joshua Kurdys and Ileana Sadin, recent arrivals to Denver from State College, Pa., found the Denver market to be an exercise in frustration.
"You'd go out and see five or 10 houses, and the one house that was decent would be snatched up immediately" by other buyers, Kurdys said.
After several failed offers in central Denver neighborhoods, the couple decided to expand their geographic
parameters, accelerate their pace and be willing to bid higher.
"It was very apparent that if we didn't make an offer at very close to asking price, we weren't going to get it," Kurdys said.
The strategy worked. They recently targeted a newly listed home in Curtis Park, made a 9 a.m. appointment to see it and submitted an almost full-price offer the same day. They now have it under contract.
What can be a frustrating endeavor for buyers is a pleasant relief for sellers.
Connie Ulrich was anticipating the worst in attempting to sell her three-bedroom home in the Northbrook
subdivision of Thornton.
But within a month of listing the home, she'd had 34 showings.
"We had so many showings, it was just insane," she said. "I never expected it to be so busy."
Listed at $254,000, the home now is under contact for $256,000.
"There is a shortage of good product," said broker Rhonda Knop of Distinctive Properties. "If it's priced right and shows well, it is selling."


Steve Raabe: 303-954-1948 or sraabe@denverpost.com

Moisture Protection, Epoxy, and Other Maintenance in Colorado Springs

Moisture Protection, Epoxy, and Other Maintenance in Colorado Springs

The link above provides great information. Check it out!

FHFA speeds up short sale process with new rules

The FHFA hopes that the new rules speeding up the short sale process will help avoid situations like California faced last year, where 60 percent of short sales failed to result in a closed sale.

Agency hopes that stricter timetable will cut down on new foreclosures

By Jeff Zagoudis, Associate Editor

April 20, 2012

In an attempt to reduce the number of foreclosures nationwide, the Federal Housing Finance Agency introduced new rules for the short sale process on Thursday, according to CNN Money. FHFA officials say the rules are designed to help speed up the process, which would in turn cut down on the number of properties going into foreclosure.

The new regulations implement a stricter timetable on short sales, with lenders now required to respond to requests within 30 days. In addition, they would be required to make a final decision on the sale within 60 days from the initial offer.

If review of the sale lasts longer than 30 days, lenders are required to provide weekly updates on the status of the sale to the borrower.

The general belief is that short sales most often fall through because the bank or other lending institution takes too long to review the sale. In many cases, says the National Association of Realtors, homes are foreclosed before the short sale can even close. California provides a perfect example; according to the California Association of Realtors, 60 percent of all short sales in the state failed to close last year.

Ultimately, CNN argues, short sales work out best for all parties in the long run: the lender is saved from continually paying property taxes and maintenance costs; the credit score of the seller(s) takes less damage; and the eventual buyer receives a home in better condition because people have been living there recently.

The new measures are scheduled to take effect on June 1.

To read the rest of the CNN story, click here.

Spring Staging Basics You Can't Afford to Overlook

No matter the season, staging your home before listing it on the market is an important part of the process that shouldn’t be overlooked. While the basics of staging—keeping things clean, clutter free and colorful—typically remain the same throughout the year, with the arrival of spring, there are a number of things you can do both inside and outside the home to take advantage of the beautiful weather.

“In the spring, it’s a great idea to incorporate color around the entryway,” said Barb Schwartz, Creator of The Staged Homes Concept and Home Staging Industry. “An easy way to do this is to place a large pot on each side of the door, fill it with greenery and then add color by integrating daisies or tulips.”

Moving past the entryway, it’s crucial to bring spring colors into the home as well. This can be easily achieved with accessories like throw pillows, area rugs, artwork, towels and bedspreads.

“You can change accessories and the whole house changes. For example, changing pillow cases on decorative pillows that are on a sofa can give a whole new color look to the room,” Schwartz said. “This year, nature colors are really in; green is really big and hot orange is an accent that is strong.”

Designers also recommend bringing spring indoors by incorporating the colors of pears, eggs, sea shells and nature in general into your interior decorating scheme. In addition, fabrics with leaf patterns, wicker, real leather and rust metal as contrast can also be utilized.

Schwartz said it’s also a good idea to replace the drapery panels in a home or office to achieve a fresh look for the spring. In fact, she recently overhauled a den by swapping out a blue daisy pattern and integrating plain cream panels that went from floor to ceiling. “The whole room looked bigger and more elegant,” she said.

Of course, every room in the house is important and there are ways to liven up each one. You want the buyer to buy the whole house, not just one or two staged rooms, so it’s important to create a somewhat cohesive design.

“All homes have to be staged to sell all year long, and spring is a good time to sell because people are out looking again now that winter has passed,” Schwartz said. “It’s important to keep in mind that two things sell a house: one is price and the other is staging.”

In addition to creating a fresh look within the home, homeowners should take the time to clean up the outside of the home as well. Be sure to clean up the yard, remove all leaves and dead plants and even trim bushes and hedges. “More often than not, with the arrival of spring, our homes are still cluttered with gifts from the holidays,” Schwartz said. “I recommend that when one new thing comes in, one other thing is packed up, given away, or donated. Otherwise, the house just gets filled with more and more clutter.”

While the spring season typically brings out more prospective buyers, make sure to take advantage of all the season has to offer.

For more tips on staging your home for spring, contact me today.
Published with permission from RISMedia.

Guidelines for First-Time Investors

Whether it’s for a down payment for a home, college tuition or a retirement nest egg, investing in the future is a wise financial decision. The two most pressing questions are, understandably, “How much can I afford to save?” and “What is the best way to make my money grow?”

Financial experts agree that long-term investing is the surest way to build savings—and also that you do not need a lot of money to get started. What is critically important, however, is that you save on a consistent basis.

There are classes you can take, books you can read, and experts you can consult in order to learn the finer points of investing. To begin with, however, there are three fundamental steps you must take:

1. Determine your savings goals. You need to know what your savings goals are in order to figure out how to get there. Let’s say you want to retire at age 65 with the same standard of living you have now. You can find retirement calculators online to help you determine how much money you will need in order to reach that goal.
2. Evaluate the stock market. Guaranteed investments and savings bonds are great for reaching short-term goals. They generally return about 2-5 percent at best. But if you have some time to reach your goal, investing in the market will likely be your best approach. Averaged out over the last 25 years, despite some trying times, DOW returns have paid around 9 percent or 10 percent. Here’s the difference: Over 25 years, a $10,000 investment at a 3 percent rate of return will grow to $26,000. A 9 percent return will give you $86,000.
3. Understand that time is money and plan accordingly. For saving money to be successful, it must be approached as a long-term plan—there are no get-rich-quick plans that really work. Therefore, it makes sense that the earlier you start to save, the more money you will have at retirement. In these scenarios, assume a 10 percent rate of return compounded annually:

• Begin investing $100 per month at age 30 until you reach age 65. At that point, you will have about $345,000 in investments. You will have put in $42,000 over the 35 year span. The other $303,000 is from the growth of your money over time.
• Begin the same $100-per-month saving plan at age 20. At age 65, you will have about $916,000. You will have invested $54,000. The other $862,000 is from the growth of your money over time.

Published with permission from RISMedia.

$700-$750k Home in Colorado Springs Broadmoor -2

370 Oakhurst Lane

5 Bedroom, 5 Bathroom, 3 Car Garage, 6490 sqft, D12, .5 Acre, $739,900

For more information and photos, click this link: RES - Customer Full Report

$700k-$750k Luxury Homes in Colorado Springs- 1

4860 Hidden Rock Road

4 Bedroom, 5 Bathroom, 4 Car Garage, 4572 sqft, 2.5 Acres, $725,000

  For more information and photos, click here: RES - Customer Full Report

$650-$700k Home in Monument CO- 5

 

771 Lavelett Lane
5 Bedroom, 5 Bathroom, 3 Car Garage, 7055 sqft including unfinished basement, 2.5 Acres, $655,000
For more information and photos, click this link: RES - Customer Full Report

Finally good news for housing

Finally good news for housing
Colorado Springs has been stabilizing for a while. We weren't one of the markets that allowed inflated prices to spread like many other markets did. This is a great article on how the rest of the country is starting to get back on track too.

Barbara Corcoran Assesses the Value of TV’s Most Famous Houses

Photos: Barbara Corcoran Assesses the Value of TV’s Most Famous Houses | Hollywood | Vanity Fair

Cute article about house expensive famous homes would have been during the time the show aired and what they would be now.

$650k- $700k Home in Colorado Springs- 4

5130 Langdale Way
4 Bedroom, 4 Bathroom, 3 Car Garage, D12, 4563 sqft, .43 Acre, $689,000
For more information and photos, click this link: RES - Customer Full Report

$650- $700k in Colorado Springs- 3

626 Coyote Willow Drive

4 Bedroom, 6 Bathroom, 3 Car Garage, 5391 sqft, D20, .37 Acre, $688,900

For more info and photos, click here: RES - Customer Full Report

$650k-$700k in Colorado Springs- 2

2445 Jenner Court

5 Bedroom, 5 Bathroom, 3 Car Garage, 5086 sqft, 1.17 Acres, $675,000

For more information and photos, click here: RES - Customer Full Report

$650k-$700k in Colorado Springs- 1

9671 Sycamore Glen

4 Bedroom, 4 Bathroom, 3 Car Garage, D20, 5891 sqft, .28 Acre, $680,000

For additional photos and info, click here: RES - Customer Full Report

$600- $650k Colorado Springs- 5 -Manitou Springs

590 Dayspring View Road

3 Bedroom, 4 Bathroom, 3 Car Garage, 4088sqft, .67 Acre, $645,000

MLS: 783630

For more info and photos, contact me.

$600-$650k in Colorado Springs- 4

1763 Islehurst Lane

5 Bedroom, 7 Bathroom, 4 Car Garage, 5635 sqft, 2.87 Acres, $625,000

MLS:722776

Contact me to see more photos

$600-$650k in Colorado Springs- 3

12374 Woodmont Drive
5 Bedroom, 5 Bathroom, 3 Car Garage, 4634 sqft, D20, .23 Acre, $624,900
MLS:787258

$600- $650k in Colorado Springs- 2

4005 Wakefield Drive

4 Bedroom, 5 Bathroom, 3 Car Garage, 5973 sqft, D12, .1/2 Acre, $610,000

MLS:767607

$600k-$650k Homes in Colorado Springs- 1

17875 Sunburst Drive

5 Bedroom, 5 Bathroom, 3 Car Garage, 4618 sqft, 2.5 Acres, $610,000

For more information and photos, click this link:RES - Customer Full Report

$550k- $600k in Colorado Springs- 5 Broadmoor D12

8 Hazel Avenue

3 Bedroom, 2 Bath, 2 Car Garage, 2618 sqft, D12, .42 Acre, Broadmoor Area, $559,000

For more information and photos, click this link: RES - Customer Full Report

$550k- $600k in Colorado Springs- 4

3035 Hollycrest Drive

5 Bedroom, 4 Bathrooms, 3 Car Garage, 5048 Sqft, 1/4 Acre, D-20, $595,000

For more information and photos, click this link: RES - Customer Full Report

$550k- $600k in Colorado Springs- 3

10108 Palisade Ridge Drive

6 Bedrooms, 5 Bath, 3 Car Garage, 4750 sqft, Main Level Master, D20, 1/4 Acre, $590,000

For more information and photos, click this link: RES - Customer Full Report

Colorado Springs Real Estate Market Update- March 2012

By Rick Van Wieren

March home sales in Colorado Springs were down 6.8% from last year, at 723 homes sold. The reason for the decrease is unclear, but may have to do with longer closing cycles as the market heats up. There were over 1700 sales pending at month end. Prices recovered nicely however, showing the first year to year increases since February of 2011. The average was up 2.7% to $217,097 and the median (1/2 above, 1/2 below) rose 5% to $189,000. The 90th percentile was ,$365,000, indicating continued weak activity in the higher end homes. The inventory of unsold homes dropped 26.9% to 3,269 homes, which is a 4.5 month supply at the March sales rate. 6 months is thought by many to be a sign of a ‘normal’ real estate market. This is the lowest number of active listings on the market in 10 years, since February of 2002. The Selling Price to List Price Ratio was 97%, well in line with the longer term trends.

The percentage of homes disclosed as distressed was 16.9%, or 122 homes. Due to new short sale reporting rules at the Pikes Peak Association of Realtors, this figure will likely be more accurate than in prior years, as previously many short sales in particular were under-reported. This compares with 25.8% of sales in March of 2011, a significant improvement.

Colorado Springs home buyers are continuing to take advantage of low interest rates, which have been consistently in the upper 3′s. Low long term mortgage rates and higher rent prices are making the decision to buy rather than rent MUCH more attractive at this time.

“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 1/1/05 through 3/31/12. 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.” Copyright © 2012 REALTOR® Services Corp. 

$550k-$600k in Colorado Springs- 2

2520 Kinderhook Lane

5 Bedroom, 6 Bathroom, 3 Car Garage, 5696 sqft, D-20, .51 Acres, $570,000

For more information or photos, click this link: RES - Long/All Remarks/Label