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Archive for the 'Neighborhoods - Southwest' Category
High end foreclosures on the upswing in Colorado Springs
Foreclosures are going upscale across Colorado Springs
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While the high-end numbers are less in Colorado Springs than the lower-priced foreclosures, there has been a growth that reflects a 
significant shift in the foreclosure landscape and its underlying causes. Mortgage problems have moved upstream; partially because of economic conditions such as unemployment and stock losses. Also in play is a different type of risky loan called option ARM (adjustable rate mortgage) and interest only loans.
It definitely seems like the focus is shifting as we’re seeing more defaults, foreclosures and short sales in the more-affluent Colorado Springs communities. Some national experts emphasize that the foreclosure numbers don’t reflect the extent of distress at the high end. Banks are more likely to pursue short sales in luxury Colorado Springs luxury homes, in which the homeowner stays put while marketing the home for less than is owed on the mortgage.
Experts agreed that high-end homes take longer to become foreclosures because affluent people have more resources, consequently they likely to extend the time they’re struggling to make payments.
I looked over the Post Sale List dated 8-4-2010 from the El Paso Public Trustee’s office, and there is definitely evidence that foreclosures are going upscale. There was one property over $1,000,000 that was foreclosed on, 1 over $700,000, 1 over 500,000; and several over 300,000. When I compare this to the same list over a year ago, there were no Colorado Springs properties foreclosed on over $300,000.
There are currently 52 Bank-owned properties on the Colorado Springs market over $300,000; including several homes in the Broadmoor area, as well as in homes in Black Forest and in Monument.
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To find out more information about Colorado Springs and Luxury Foreclosures, Call ……
Kathy (719-287-1049) KTorline@msn.com
Foreclosure Home Pick of the Week — South of Colorado Springs
Not all Colorado Springs foreclosure homes are deals
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My Foreclosure pick of the week is in Rockcreek area south of Colorado Springs on 2220 Paseo Corto.
It is a single family home and includes over 2500 square feet, with 3 bedrooms, 3 baths, and a 2 car attached garage; as well as a detached 2 car garage. The detached garage doesn’t have a floor or a door; it’s more of a metal enclosure set on the ground than a true garage. The property was built in 1980; and was originally sold for $264,500 in 2003The upsides….. 3 acre lot, beautiful trees and scrub oak on the lot. The house does need some work, which is very typical for a bank owned property.
The downsides ….. very close to Highway 115; you can definitely hear the traffic noise.
The description in the MLS Says: “Unbelievable property with fabulous mountain views. Large property includes a 1000 sq. ft. garage. Home offers hardwood and slate flooring, enclosed back porch. Minutes to Ft. Carson.”
The El Paso County Assessor’s office has it valued at 307,338. At the current list price of $319,900, it may be priced a little over market value, especially considering it is so close to the Highway. There are 14 other properties in the area, priced from $119,900 to $899,900. During the last 6 months, only 2 properties have sold in the same area, ranging from $259,900 to $420,000.
If you would like to find out more about buying a foreclosed home in Colorado Springs
Call Kathy Torline, 719-287-1049 or email KTorline@msn.com
Colorado Springs realestate market snapshot, May 14th
Colorado Springs realestate market — update for May 14th
For a free market analysis on your neighborhood and home, Email Kathy at KTorline@msn.com
I often times say to my clients that real estate changes on a day to day basis, here’s a quick summary of yesterday’s changes in the market.
Kat’s observations
- 10 of the new listings are in the Southwest Area
- The average Price reduction was $12,500, and the majority of them were in the Southwest and Northwest area
- All of the closed listings were on the West side of town
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049) KTorline@msn.com
Price Per square foot has BIG variances in Colorado Springs
Colorado Springs realestate, pricing per square footage
For a free market analysis on your neighborhood and home, Email Kathy at KTorline@msn.com
Colorado Springs realestate is just like any other city in that average prices vary vastly in different areas. The local MLS (Multiple Listing Service) breaks down the City into different areas, and within each area there are many different neighborhoods. As part of putting together monthly market statistics, I also put together info on average price per square footage and average price per FINISHED square footage. As you can tell from the info below, average square footage pricing varies vastly in different parts of Colorado Springs. This information is a broad base guideline, as within each area, neighborhoods pricing can vary immensely.
The southwest area, which includes homes in The Broadmoor Area, and homes in Manitou Springs are the highest prices per square foot and homes in Old Colorado City are currently the cheapest per square foot. Homes in the Northeast area, which includes Vista Grande and Pulpit Rock are in the middle of the pack with an average price per square foot of $93.00.
| MLS Area | Average price per square foot | Average Price per FINISHED per square foot | Includes These Neighborhoods |
| Old Colorado City | $ 79.39 | $ 114.99 | Crown Mill Mesa and Gold Hills Mesa |
| Falcon North | $ 79.40 | $ 91.25 | Woodmen Hills |
| SouthEast | $ 81.51 | $ 89.26 | Pikes Peak Park, Soaring Eagles |
| Fountain Valley | $ 82.61 | $ 92.95 | Fountain, Security & Widefield |
| East | $ 83.92 | $ 97.43 | Rustic Hills and Village Seven |
| Peyton | $ 85.93 | $ 103.87 | |
| Central | $ 89.67 | $ 104.20 | Old North End, Downtown, and Patty Jewett |
| Power | $ 89.76 | $ 99.44 | Stetson Hills and Ridgeview at Stetson Hills |
| Black Forest | $ 92.76 | $ 140.90 | |
| Marksheffel | $ 93.13 | $ 98.90 | Meridan Ranch and Banning Lewis Ranch |
| Northeast | $ 93.48 | $ 97.96 | Pulpit Rock, Vista Grande |
| Woodland Park | $ 95.67 | $ 102.82 | |
| Ute Valley | $ 96.12 | $ 112.32 | Cascade and Chipeta |
| Northgate | $ 100.65 | $ 120.12 | Gleneagle |
| Tri-Lakes | $ 107.74 | $ 106.43 | Woodmoor, Kings Deer, and Jackson Creek |
| Briargate | $ 109.21 | $ 99.44 | Windjammer, Gatehouse Village, and Pinecreek |
| Northwest | $ 118.31 | $ 124.64 | Mountain Shadows, Rockrimmon |
| West | $ 119.36 | $ 150.30 | Kissing Camels and Pleasant Valley |
| Manitou | $ 121.25 | $ 159.55 | Crystal Hills and Crystal Park |
| Southwest | $ 126.48 | $ 110.60 | Broadmoor area, Stratton Meadows, Cheyenne Meadows |
This Colorado Springs Real Estate report contains information on Single Family homes in Palmer Lake.
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
If you enjoyed reading this article, why not Subscribe to be notified of the next one?
To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049) KTorline@msn.com
First quarter 2010 market report for homes in SOUTHWEST area in Colorado Springs
Housing Market Report for Southwest Colorado Springs, Single Family Homes
Includes Homes in Broadmoor, Cheyenne Meadows, Broadmoor Bluffs, Quail Ridge
Search for homes in Southwest Colorado Springs
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Homes in Southwest Area continue to be a Buyers Market, as there is currently a 8 month of supply of homes on the market. A 6 month supply of houses on the market is typically considered a “NEUTRAL MARKET”.
- Number of Homes in Southwest Area sold are up by 8% in 2009 vs. 2008. When comparing the high of 801 homes sold in 2005, unit sales are down by 40%.
- Average pricing continues to see downward pressure, currently down 16% from 2009 to 2008. Pricing is actually down 24% from the high of $394,375 in 2007.
- 2010 is continuing to see an increase in sales and a decrease in average pricing.
2009 Colorado Springs Market Report for homes in Southwest
Market Report for Single Family Homes in Southwest
Includes Homes in Broadmoor Bluff, Cheyenne Meadows, Quail Ridge, Broadmoor
Search for homes in Southwest Colorado Springs
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Homes in Colorado Springs SOUTHWEST continue to be a BUYER’S Market, as there is currently a 8.3 months of supply of homes on the market. A 6 month supply of houses on the market is typically considered a “NEUTRAL MARKET”.
- Number of Homes in Southwest Colorado sold are up in 2008, but are still down substantially from 2005, when 801 homes were sold.
- Average pricing continues to see consistent downward pressure, currently down 16% from 2009 to 2008.
- Average days on market has continued to increase from 97 to 91.
Pricing in Southwest Colorado Springs continues to decline
Colorado Spring Real Estate, October 31, 2009
Market Report for Southwest – Single Family Homes, Homes Close to Fort Carson
Includes Homes in the Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge
Search for Homes in Southwest Colorado Springs
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The Southwest housing market continues to be a BUYERS Market, as there is currently a 9.7 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. 2008 Sales units were down 25% from 2007, but 2008 pricing was only down 10% from 2007. Sales have continued to declined in 2009 and pricing has continued to see downward pressure.
July 2009 Market Report for Homes in Southwest Colorado Springs
Colorado Spring Real Estate
Market Report for Southwest, Single Family Homes
Search for Homes for Sale in Southwest Colorado Springs
Includes Homes in the Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge
The Southwest housing market continues to be a BUYERS Market, as there is currently a 9.7 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. 2008 Sales units were down 25% from 2007, but 2008 pricing was only down 10% from 2007. 303 Single family homes have been sold in 2009 vs. 325 for the same period in 2008 a decline of 22%.
Southwest Colorado Springs still a Buyer’s Market
Market Report for Southwest – Single Family Homes Close to Fort Carson
Includes Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge
Search for homes in Southwest Colorado Springs
HOME REPAIR
The Southwest housing market continues to be a BUYERS Market, as there is currently a 9.7 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. 2008 Sales units were down 25% from 2007, but 2008 pricing was only down 10% from 2007. 249 Single family homes have been sold in 2009 vs. 260 for the same period in 2008 a decline of 4.5%.
Market report for homes in Southwest Colorado Springs, May 2009
Colorado Spring Real Estate Market Report for Southwest
Single Family Homes
Includes homes in Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge
Search for homes in Southwest Colorado Springs
Related Article: Colorado Springs Foreclosure listings in SOUTHWEST area as of 6-10-09
The Southwest housing market continues to be a BUYERS Market, as there is currently a 9.2 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“. 2008 Sales units are down 25% from 2007, but 2008 pricing is only down 10% from 2007. 191 Single family homes have been sold in 2009 vs. 202 for the same period in 2008 a decline of 6%.
Current Report as of 6-11-09 Read the rest of this entry »
Colorado Springs Foreclosure listings in the Southwest area as of 5-6-09
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in Southwest As of 5-4-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com. Search for Homes in SouthWest Colorado Springs
Neighborhoods: Homes in Cheyenne Meadows, Stratmoor Village, Skyway, Broadmoor, Broadmoor Bluffs, Quail Ridge
Active homes for sale, INCLJUDING FORECLOSURES
- Short sales: 24 (5.3%)
- VA Owned: 1 (.2%)
- Bank-owned: 15 (3.3%)
- Normal: 412 (90.9%)
- Government Owned: 1 (.2%)
Foreclosures near Fort Carson
Diamonds in the rough near the Broadmoor – Part II
Search for Foreclosures in Colorado Springs and Fort Carson
My favorite affordable foreclosed homes of last week was on Whistler Hollow Drive on the
East side of Highway 115 in the 80906 zip code. It’s been listed since July 2008, and is currently banked owned. It looks like it’s been under contract a couple of times, but the contracts mus
t have fallen through. The original price started at $240,000 and is now priced at $230,000. When we previewed it last week, new carpet had been put in it and new paint had just been completed on the main level. It’s a 2500 square house with 4 bedrooms, 4 baths with a main level master. There doesn’t seem to be any other houses for sale in the area. Convenient location close to the main gates of Fort Carson.
We then saw a “tree house” in the foothills behind the Broadmoor, in Dixon Heights. It was extremely unique, not sure how else to explain it. Definitely a retreat in the woods; back behind the Broadmoor, the house was mostly built on stilts. As is typical
Homes in Southwest Colorado Springs continues to be a Buyers Market
Colorado Spring Real Estate – Market Report for Southwest, Close to Fort Carson
Single Family Homes – Includes Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge
Search for Homes in Southwest Colorado Springs
The Southwest housing market continues to be a BUYERS Market, as there is currently a 9.425 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “BUYER’S MARKET“. 2008 Sales units are down 25% from 2007, but 2008 pricing is only down 10% from 2007.
Diamonds in the rough near the Broadmoor
Luxury Foreclosures near the Broadmoor
Search for Luxury Foreclosures in Colorado Springs
I previewed a variety of interesting bank foreclosures last week in Southwest Colorado Springs, including some homes in the Broadmoor area.
My tour for the week started at a wonderful home in Broadmoor Ridge priced at $269,900. As I started to write this blog today I went back to check some of the info on the property, and it is now under contract. I didn’t think it would last long on the market, as comparables in the area are going for $350,000 to $700,000.
Our second home of day was another luxury foreclosure home in Broadmoor Hills on Oakhurst Lane that has structural damage. The last time it sold in 1996 for over $500,000. The property has amazing views from every window, a 2 story atrium, all on a 1/2 acre lot. Since the last sale in 1996 it looks like it has been listed and withdrawn 7 or 8 times; and it’s been foreclosed on 2 or 3 times. Read the rest of this entry »
Bargain Home in Southwest Colorado Springs as of 4-20-09
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in Southwest As of 4-20-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com Search for Homes in SouthWest Colorado Springs
Must Read Articles
Neighborhoods: Cheyenne Meadows, Stratmoor Village, Skyway, Broadmoor, Broadmoor Bluffs, Quail Ridge
Active homes for sale, INCLJUDING FORECLOSURES
- Short sales: 22 (4.8%)
- VA Owned: 1 (.2%)
- Bank-owned: 22 (4.8%)
- Normal: 412 (90%)
- Government Owned: 2 (.4%)
Active Homes for Sale as of 4-20-09: 458
- Single Family Homes: 323 (71%)
- Condos/Townhomes/Patio Homes: 135 (29%)
Partial list of Foreclosed homes currently on the market Read the rest of this entry »
33 Unique things to do- #7 Cheyenne Mountain Zoo
Cheyenne Mt. Zoo
For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com
Cheyenne Mountain Zoo sits above The Broadmoor Hotel at 6,800 feet up Cheyenne Mountain.
Spencer Penrose was originally given a bear and then other exotic animals became part of his collection. After a child was bitten, he decided he needed a place to house his menagerie and so he built and incorporated it in 1926. Over the years its delighted young and old alike. Want to feed giraffes? You can certainly do that here.
With its 172 species of wild animals, engaging exhibits and irresistible attractions, The Cheyenne Mountain Zoo serves the citizens and visitors of Colorado Springs Read the rest of this entry »
Colorado Springs Foreclosure Listings in Southwest area
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in Southwest As of 3-11-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Neighborhoods: Homes in Cheyenne Meadows, Stratmoor Village, Skyway, Broadmoor, Broadmoor Bluffs, Quail Ridge
Active homes for sale, INCLUDING FORECLOSURES, as of 3-10-09
- Short sales: 24 (5.3%)
- VA Owned: 3 (.7%) Read the rest of this entry »
Home Pricing in Southwest Colorado Springs continues to be soft
February 2009 Market Report for Southwest Colorado Springs
Single Family Homes – Close to Fort Carson
Includes Homes in Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge
Search for Homes in Southwest Colorado Springs
The Southwest housing market continues to be a BUYERS Market, as there is currently a 8.65 months of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. 2008 Sales units are down 25% from 2007, but 2008 pricing is only down 10% from 2007.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
Plenty of Foreclosures for sale in Southwest Colorado Springs
Southwest Neighborhoods: Homes in Cheyenne Meadows, Stratmoor Village, Skyway, Broadmoor, Broadmoor Bluffs, Quail Ridge
Search for Homes in Southwest Colorado Springs
Active as of 2-14-09: 417
- Single Family Homes: 302 (72%)
- Condos/Townhomes/Patio Homes: 115 (28%)
Active homes for sale as of 2-14-09
- Short sales: 27 (6.5%)
- VA Owned: 1 (.2%) Read the rest of this entry »
Southwest Colorado Springs, home sales down 25% in 2008
Colorado Spring Real Estate MARKET
Report for Southwest – Single Family Homes
Includes Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge
Search for Homes in Southwest Colorado Springs
The Southwest housing market continues to be a BUYERS Market, as there is currently a 8.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“. Sales units are down 25% from 2007, but pricing is only down 10% from 2007.
Recap of December Activity
- Homes Sold in the last month: 41
Recap of 2008, 2007, 2006, 2005, and 2004
| 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 440 | 580 | 604 | 801 | 752 |
| Average Sale Price | $357,000 | $394,375 | $381,142 | $371,349 | $329,909 |
| Sales Price to List Price | 95.6% | 96.2% | 96.8% | 96.6% | 97.9% |
| Average Days on Market | 91 | 94 | 84 | 64 | 53 |
| Average # of house sold per month | 36.7 | 48.3 | 50.3 | 66.8 | 62.7 |
Current Report Read the rest of this entry »
Colorado Springs Foreclosure Homes – Southwest Area
Market information for Active and Foreclosure Homes in Southwest Colorado Springs As of 1-7-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Must Read Posts:
Neighborhoods: Cheyenne Meadows, Stratmoor Village, Skyway, Broadmoor, Broadmoor Bluffs, Quail Ridge
Active Homes for Sale as of 1-7-09: 414
- Single Family Homes: 320 (77%)
- Condos/Townhomes/Patio Homes: 94 (23%)
Breakdown of homes for sale, INCLJUDING FORECLOSURES, as of 1-7-09
- Short sales: 27 (6.5%)
- VA Owned: 2 (.5%)
- Bank-owned: 31 (7.5%)
- Regular: 350 (84.5%)
- Government Owned: 4 (1%)
Partial list of Foreclosed homes currently on the market
Broadmoor Homes, Market Report for November
Colorado Springs Real Estate – Market Report for Broadmoor Homes
Single Family Homes
Search for Homes in Broadmoor
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Single Family Homes in Broadmoor were built from 1900 to the 2000
’s. The majority of the houses are ranches and 2-storys, with 4 to 6 bedrooms, 3 – 5 baths, and 2-4 car garages. The average home has appx. 3000 to 5000 square footage. The absorption rate of 2.09 houses per month shows that there is a 21 month supply of houses on the market; the housing market is currently a BUYERS MARKET in this area.
Broadmoor homes are located in the Southwest area of Colorado Springs and in District 12 school
- Grade School: Canon
- Middle School: Cheyenne Mountain
- High School: Cheyenne Mountain
Broadmoor homes are: Read the rest of this entry »
Colorado Springs Christmas Holiday Activities, mark your calendar
Colorado Springs Holiday Activities
Celebrate the Holiday Spirit
Colorado Springs Festival of Lights 
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When: December 6th at 5:50pm
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Where: Downtown Colorado Springs, at the corner of Tejon and St Vrain Street and will go south on Tejon to Vermijo Avenue, turn west to Cascade Avenue and go north to Kiowa Street
Annually bringing together some 80 entries and attracting crowds reaching over 100,000 individuals. Features many bands and floats, many of which are lighted. This year’s theme is “through the Eyes of a Child”. This traditional holiday event is now in it’s 24th years and delights thousands of children of all ages who line the streets to view the spectacular floats, bands, horse units and of course, Santa Claus.
Snowflakes and Smiles Parade in Manitou Springs
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When: December 13th, 12 noon to 1:30pm
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Where: Downtown Manitou Springs
It’s the annual “Snowflakes & Smiles” Christmas Parade. This is a real old fashioned parade with support from all of the area. The parade includes Read the rest of this entry »
Foreclosures in Colorado Springs, Southwest Area including the Broadmoor
Market breakdown for Broadmoor Homes as of 11-13-08
Search for Broadmoor Homes in Colorado Springs
Related Posts
Includes homes in Cheyenne Meadows, Stratmoor Village, Skyway, Broadmoor, Broadmoor Bluffs, Quail Ridge
Active as of 11-13-08: 507
- Single Family Homes: 403 (79%)
- Condos/Townhomes/Patio Homes: 104 (21%)
Active homes for sale as of 11-13-08:
- Short sales: 33 (6.2%)
- VA Owned: 2 (.4%)
- Bank-owned: 19 (3.6%)
- Regular: 481 (91.3%)
What can $1,000,000 buy in Colorado Springs?
Market Report for homes priced over $1,000,000
Search for Luxury Homes in Colorado Springs
Here’s some information about the most expensive home sales in the Colorado Springs Area
Overall, there were 4 sales topping $1 million during September 2008.
September’s MOST EXPENSIVE SALES
Single Family Detached Homes:
772 Long Timber Lane in Monument
- 6165 square feet
- Sold on 9/30/08
- $1,000,000
- Days on Market: 155
According to the description in the MLS: SPECTACULAR, TRULY MAGNIFICENT HOME! AWARD WINNING Read the rest of this entry »
Broadmoor Homes, Market Report for September
Colorado Springs Real Estate
Market Report for Broadmoor – Single Family Homes
Search for Homes in the Broadmoor in Colorado Springs
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Single Family Homes in the Broadmoor area were built from 1900 to the 2000’s. The majority of the houses are ranches and 2-storys, with 4 to 6 bedrooms, 3 – 5 baths, and 2-4 car garages. The average home has appx. 3000 to 5000 square footage. The absorption rate of 2 houses per month shows that there is a 24 month supply of houses on the market; the housing market is currently a BUYERS MARKET in this area.
Broadmoor homes are located in the Read the rest of this entry »
Broadmoor Homes, August Market Report
Single Family Homes
Search for Homes in Colorado Springs
Single Family Homes in Broadmoor were built from 1900 to the 2000’s. The majority of the houses are ranches and 2-
storys, with 4 to 6 bedrooms, 3 – 5 baths, and 2-4 car garages. The average home has appx. 3000 to 5000 square footage. The absorption rate of 2.125 houses per month shows that there is a 25 month supply of houses on the market; the housing market is currently a BUYERS MARKET in this area.
Broadmoor homes Read the rest of this entry »
Broadmoor Homes, July Market Report
Search for Homes in Colorado Springs
Single Family Homes in Broadmoor were built from 1900 to the 2000’s. The majority of the houses are ranches and 2-stories, with 4 to 6 bedrooms, 3 – 5 baths, and 2-4 car garages. The average home has approx. 3000 to 5000 squ
are footage. The absorption rate of 2 houses per month shows that there is a 28 month supply of houses on the market; the housing market is currently a BUYERS MARKET in this area.
Broadmoor neighborhood is located in the Southwest area of Colorado Springs and in District 12 schools
- Grade School: Canon
- Middle Read the rest of this entry »
