Colorado Springs Vintage Homes Blog

What can I buy for $100,000?

What kind of house can I buy for $100,000 in Colorado Springs?  

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The number of houses in Colorado Springs that are sold for less than $100,000 has continued to increased substantially over the last couple of years.    It’s a great time to be an investor in Colorado Springs and it’s a great time for a first-time home buyer to purchase their first home.  

Here’s a quick breakdown of houses SOLD under $100,000 and a comparison to previous years:  

01/01/09 to 08/15/09             769

01/01/08 to 08/15/08             540   

01/01/07 to 08/15/07             387  

01/01/06 to 08/15/06             469  

01/01/05 to 08/15/05             471  

Many of the these Colorado Springs homes are being bought by investors who buy the home for less than $100,000 and have payments between $650 to $700 a month.  Then they turn around and rent out the homes for $800 to $900 a month. 

With foreclosures continuing to be high in El Paso County Read the rest of this entry »

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