Colorado Springs Vintage Homes Blog

Where are the foreclosed homes?

Colorado Springs Foreclosures

Search for Foreclosures in Colorado Springs

Related Article:  9 key things to know about buying a bank repo 

I’m definitely a “data-queen”, as I love analyzing data, looking at numbers.   As I continue to become more and more of an REO specialist, I recently crunched some numbers to look at the current homes for sales in Colorado Springs and specifically focusing on foreclosed homes, including bank-owned, HUD homes, VA repos, and other foreclosures.  It’s interesting to see where the majority of foreclosed homes for sales are located at in the Colorado Springs area.  Any even more importantly, what parts of the city have very few foreclosures.

Manitou Springs and the Ute Valley area currently have very few foreclosures for sale;  the northwest area of the city ; including Rockrimmon and Mountain Shadows also continue to see very little foreclosure homes for sale.    The southeast part of the City (Soaring Eagles, Pikes Peak Park) and Powers area (Stetson Hills, Springs Ranch) currently have the highest amount of foreclosures for sale.   The Central area (including downtown) is also continuing to see a high amount of foreclosed homes for sale.

Also, according to a new report published by Realty Trac, 1 in every 69 homes is in foreclosure, and Colorado Springs ranks #49 in their U.S. Metro Foreclosure Market Data.  In Las Vegas, 1 in every 13 homes is in foreclosure, in Phoenix, it’s one out of every 22 homes.

 All prices ranges for foreclosures

This is just a small sampling of some of the foreclosures currently on the market.  They range from a ranch built in 1899 at $81,500 in Woodland Park, to a 10,572 square foot home in Monument at $975,000.

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Kathy (719-287-1049)   KTorline@msn.com

Tags: bank owned properties, colorado springs foreclosure properties, colorado springs HUD homes, Foreclosed homes in Colorado Springs, VA repos

This entry was posted on Friday, January 29th, 2010 at 9:00 am and is filed under 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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