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Foreclosure Pick of the Week
Colorado Springs Foreclosure pick of the week
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Related Article: 9 key things to know about buying a bank repo
My foreclosure pick of the week is in Pinecreek in Briargate on 10181 Oak Knoll Terrace.
It includes over4500 square feet, with 4 bedrooms, 3 baths, and a 3 car attached garage.
If you are looking for a BIG house at reasonable price in Briargate area; then this is the property for you.
The property was built in 2005; and was originally sold for $478,000. It has a ranch floor plan, and includes a finished basement of 2249 square ft.
The upsides….. large attached three car garage, District 20 schools, laundry on the same level as the master bedroom, open floor plan, separate dining space, main floor office, newer built, upgraded gourmet kitchen, hard wood floors in the kitchen and dining room. Overall a very nice property.
The numbers show the Colorado real estate market is improving
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Explanation of Days on Market
One of the many ways all Realtors judge their local real estate market is by the Days on Market. If properties are selling quickly, the market is heating up. If homes take a long time to sell, the market is slow.
Let’s first start with some definitions: Days on Market (DOM) in real estate is defined as the number of days a property has been on an Active status in the Multiple Listing Service. The average days on market for single family homes in Colorado Springs for the last quarter ending September 2009 is currently 77 days. For Condos and townhomes it is 97 days.
But an important thing to remember is this number varies on a neighborhood-by-neighborhood and it also varies by different price categories. As an example:
- Briargate Days on Market: 80 (vs. 99 in 2008)
- Central Days on Market: 64 (vs. 79 in 2008)
- Manitou Springs Days on Market: 75 (vs. 124 in 2008) Read the rest of this entry »
Looking at new homes in Colorado Springs, check out Corderra
Corderra
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
I recently had the pleasure of touring a selection of newly built homes in Corderra, located east of Powers Blvd and north of Research Parkway. The entire development is located in the highly rated District 20 school district and the other bonus is that the community is close to the Powers Blvd shopping corridor. The elementary school, Chinook, is one of the few schools in the area that teaches Mandarin Chinese beginning in kindergarten.
All of the homes in community are designed to not look like some of the traditional “cookie-cutter” houses you sometimes find in subdivisions; and they have 6 different architectural types in the community: American Heritage, European Cottage, Italian Electric, Craftsman, Prairie, and Spanish Eclectic. Read the rest of this entry »
Explanation of Days on Market
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The definition of Days on Market (DOM) is the quantity of days a property has been on an Active status in the multiple listing service. The average days on market for homes in Colorado Springs in 2008 is currently 90 days; but this number varies neighborhood-by-neighborhood and it varies by different price categories. As an example:
- Briargate Days on Market: 99
- Central Days on Market: 79
- Manitou Springs Days on Market: 124
- Northwest Read the rest of this entry »
