Colorado Springs Vintage Homes Blog
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Pricing for Homes in Southwest Colorado Springs are up 9% in 2010
Colorado Springs Housing Market Report for Southwest area, Single Family Homes
Includes Homes in Broadmoor, Cheyenne Meadows, Cheyenne Canon, Broadmoor Bluffs, Quail Ridge
Search for homes in Southwest Colorado Springs
Zip Code: 80905, 80906
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Homes in Southwest Area continue to be a Buyers Market, as there is currently a 9 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 were down by 9% in 2010 vs. 2000 When comparing the high of 801 homes sold in 2005, unit sales are down by 40%.
- Average pricing has increased, currently up 13% from 2010 to 2009. Recap of 2004, 2005, 2006, 2007, 2008, 2009, 2010
|
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
| Active |
323 |
|
|
|
|
|
|
| Number of Homes Sold |
263 |
399 |
440 |
580 |
604 |
801 |
752 |
| Average Sale Price |
$318,473 |
$282,421 |
$357,000 |
$394,375 |
$381,142 |
$371,349 |
$329,909 |
| Average Days on Market |
83 |
80 |
91 |
94 |
84 |
65 |
53 |
| Average # of house sold per month |
36.0 |
39.8 |
36. |
48.3 |
50.3 |
66.8 |
62.7 |
This Colorado Springs Real Estate report contains information on Single Family homes in Southwest Colorado Springs.
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 buying a home or an investment property in Colorado Springs area, call ….
Kathy (719-287-1049) KTorline@msn.com
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%.
Colorado Springs Foreclosure listings in SOUTHWEST area as of 6-10-09
Market information for Active and Foreclosure Homes in Southwest As of 6-10-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Neighborhoods: Cheyenne Meadows, Stratmoor Village, Skyway, Broadmoor, Broadmoor Bluffs, Quail Ridge
Active homes for sale, INCLJUDING FORECLOSURES
- Short sales: 22 (4.5%)
- Bank-owned: 10 (2.1%)
- Normal: 452 (93.4%)
Active Homes for Sale as of 6-10-09: 484
- Single Family Homes: 352 (73%)
- Condos/Townhomes/Patio Homes: 132 (27%) 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%)
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.
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 »
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
Finding diamonds in the rough
Colorado Springs Foreclosures
Search for Foreclosed Homes in Colorado Springs
I have several buyers who are looking at buying Bank Owned Properties in Colorado Springs, and yesterday I went and previewed some of them in the higher-end luxury foreclosure market
I don’t think the pictures will do justice to what I saw; but there were some interesting properties. My favorite was a 
property in a wonderful section of town back behind the Broadmoor Hotel. The home is located on an amazing lot, with great views of the city, an abundance of local wildlife, but …………………… property definitely needs some help.
The outside wasn’t bad; had some shake shingles that need updating, and new windows that were put in but the installation wasn’t finished. Stucco on the outside would make it look much better. Fantastic decks all over the place; and a wonderful unique floor plan with around 5000 square feet, with 4000 finished. It’s definitely a diamond in the rough.
Comparable properties that are updated and in good shape in the same Broadmoor Heights neighborhood in Colorado Springs are listed for around $650,000; this one is listed under $400,000, and it sold back in 1998 for $950,000. I’m not a contractor; but I would guess that for $150,000 to $200,000 you could make this into an amazing property; then a new owner would have $150,000 in built-in equity. And for 5 bedrooms, 5 baths, 4 fireplaces on .8 of an acre, with expansive windows; it’s definitely a diamond in the rough. The property has been foreclosed on at least twice, maybe it’s just waiting for the right owner to see it’s potential?
The doors leading into the property Read the rest of this entry »
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 »
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 »
