Colorado Springs Vintage Homes Blog

What can I expect to pay?

WHAT CAN I EXPECT TO PAY?

For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com

I am consistently asked by buyers how much they can expect to pay for Colorado Springs foreclosures.  My research shows that short sales and foreclosure sell for right around 95% to 99% of the list price.    If you think you will get a Colorado Springs foreclosure or a Colorado Springs short sale for 50% off, you are wrong and wasting your time.  These homes are already priced aggressively and ready to move.

Colorado Springs Foreclosures May 2009

• 153 Foreclosures Sold (16% of the total sales for the month)
• $157,454 Average Sales Price
• 98% Sold for Price  vs. List Price
• Average days on market:  72

Colorado Springs Short Sales May 2009

• 53 Short Sales Sold (6% of the total sales for the month)
• $176,960 Average Short Sales Price
• 98% Sold for Price vs. List Price
• Average days on market:  167

All Colorado Springs Real Estate sales May 2009

•  916 Sales in May
• 97% Sold for Price  vs. List Price
• $220,983 Average Sales Price for Single Family Homes
• Average Days on Market:  89 for Single Family Homes

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• 8 biggest mistakes made by Colorado Springs home buyersBuying HUD homes in Colorado Springs, Part IBuying HUD homes in Colorado Springs, Part IIColorado Springs HUD Homes – Part III in FAQ’sHUD homes available for $100.00 downpayment 

Tags: bank owned properties, colorado springs foreclosure properties, colorado springs realty, Colorado Springs short sales homes, Foreclosed homes in Colorado Springs, real estate agent colorado springs

This entry was posted on Monday, June 22nd, 2009 at 5:04 am and is filed under For Buyers, Foreclosures and Short Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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