Colorado Springs Vintage Homes Blog
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Market Report for Homes in Monument, July 2009
Colorado Spring Real Estate
Market Report for Tri-Lakes – Single Family Homes, Includes Monument and Palmer Lake
Search for homes in Monument
Must Read Articles
The Monument and Palmer Lake housing market continues to be a Buyer’s Market, as there is currently a 14.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales were down 17% from 2008 to 2007, but pricing was only down 10% from 2008 to 2007. Sales continue to be soft in 2009 and are down 31% from the same period last year.
Townhome market in Colorado Springs is finally starting to pick up
Colorado Springs Townhomes and Condos – June 2009 Market Report
Must Read Article: Townhome bargains in Colorado Springs
Search for Townhomes and condos in Colorado Springs
The Colorado Springs townhome and condo market continue to be a BUYERS Market, as there is currently a 8.7 month of supply of homes on the market. Read the rest of this entry »
Mountain Shadows homes in the foothills
My neighborhood pick of the week– Mountain Shadows
Search for Homes in NorthWest Colorado Springs
Mountain Shadows is a centrally located community in northwest Colorado Springs and contains mostly semi custom and custom homes built in the foothills of Colorado Springs.
To get to Mountain Shadows homes from I-25 and Garden of the Gods, go west on Garden of the Gods, turn North on Centennial. The neighborhood is directly to the west of Centennial bordered on the other side by the foothills.
Single family homes in Mountain Shadows currently range in price from Read the rest of this entry »
Housing market in West Colorado Springs staying strong
Colorado Spring Real Estate – West Area
Market Report – Single Family Homes
Includes Homes in Pleasant Valley and Kissing Camels
Search for Homes in West Colorado Springs
The West housing market continues to be a BUYERS Market, as there is currently an 9.25 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 ONLY down 1% from 2008 to 2007, but pricing is down more than16% from 2008 to 2007. 120 Single family homes have been sold in 2009 vs. 124 for the same period in 2008; a decline of 3%.
Current Report Read the rest of this entry »
5 reasons lack of building permits cause big problems
Building Permits are Important
I recently attended an inspection at a home in Colorado Springs for a client who lives out of state; and one of the first things the inspector said to me is that he noticed the basement had been finished without a building permit. These are not words that any Realtor wants to hear, it can definitely cause some problems and discussions with a potential buyer. Hence, I thought I’d type up my top 5 reasons that additions and basement finishes without permits can cause problems:
- There is no way for a buyer to know if an additions and basement finishes were built/refinished in accordance with local building codes when a permit wasn’t pulled; which brings up a whole host of other questions. One of the reasons the building code was enacted was to insure a minimum standard for construction, electrical, and mechanical work. When permits aren’t pulled, safety and quality of workmanship can definitely be a concern.
- The lack of building permits can often impede the sale of a property; buyer’s don’t want to purchase a property that doesn’t have permits.
- The lack of building permits can and will come up during an inspection for a potential buyer. In today’s real estate market, which is a Buyer’s Market in Colorado Springs, there are many properties for Buyer’s to choose from. The lack of permits can cause a buyer to walk away from a property they want to purchase. Read the rest of this entry »
63 bank-owned properties came on the market last week
Sunday bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of June 8, 2009
During the last 7 days, 63 bank-owned properties came on the market; 39 of them are already under contract or pending. 61% of these new listings went under contract in a week.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
Market report for homes in Old Colorado City, May 2009
Colorado Spring Real Estate
May 2009 Home Report for Old Colorado City - Single Family Homes
Includes Homes in Crown Hill Mesa, Gold Hill Mesa, Old Colorado City
Search for Homes in Colorado Springs and Old Colorado City
Must Read Article: How do I get a down payment for Homes in Colorado Springs?
The Old Colorado City housing market continues to be a Buyer’s Market, as there is currently a 8.3 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales are down 22% from 2008 to 2007, but 2008 pricing was only down 1.5% from 2007. 96 Single family homes have been sold in 2009 vs. 134 for the same period in 2009; a decline of 38%.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
Current Report as of 6-5-09 in Old Colorado City
- Active listings: 134
- Under Contract and Pending:
- Absorption Rate: 16 homes per month, a 8.375 month supply of houses currently on the market
26 criteria used to determine interest rates
Colorado Springs Vintage Homes is happy to feature a great article by
Harry Venik with Adams Mortgage, LLC in Colorado Springs
Related Articles:
- Pre-Qualification or Pre-Approval, which do you need to buy a home?
- Will VantageScore Bring Consistency?
- Colorado Springs Mortgages — tips for consumers on points
- Marriage and Mortgages FAQ’s
- How do I get a down payment for Homes in Colorado Springs?
When it comes to buying a home in Colorado Springs, consumers can no longer shop for a mortgage based simply on lowest interest rate quotes. Today’s Colorado Springs home buyer needs good advice from an experienced, educated mortgage professional who has the consumer’s best interest in mind.
For consumers, this means beware of anyone who quotes you an interest rate over the phone or the Internet without asking anything about you, your family, your finances or your lifestyle. Besides market conditions, your mortgage rate is based on Read the rest of this entry »
11 things to ASK about when buying a new home in Colorado Springs
Buying a New home in Colorado Springs?
Related Posts: Who is Representing YOU?
Search for New Homes in Colorado Springs
I recently showed a variety of new build homes to a client moving from out-of-state to Colorado Springs. We 
looked at properties in Gold Hill Mesa in West Colorado Springs and at homes in Banning Lewis Ranch. It made me think about all of the things that are different between new build properties and resale homes, perfect for a new blog post. Here’s my list of 11 things to Ask about ………..
(1) Ask about the lot premium. Many new home communities charge a lot premium (an additional charge) for what they consider premium lots. Lots in a cul-de-sac, larger lots, lots with better views; all of these are considered more desirable lots, hence they may have a lot premium associated with them. These prices can range vastly, $2,000 to $50,000 and is added to the cost of the home.
(2) Ask what is the build time? More and more builders don’t start pulling the building permit hence they don’t start building a home until they have a purchase contract from a buyer. Build times can be as short as 4 months, and as long as 8 months. And, if a buyer signs a contract in the winter for a a new house, the length of the build time can be dependent on mother nature; as many portions of the project can’t be completed or even started in the winter months.
(3) Ask if the builder has a model of the house a buyer can look at it vs. looking at the plans? Many buyers aren’t comfortable purchasing a home from blueprint drawings; they want something they can walk through, something they can touch and feel. If a builder has a brand new model, they may only have Read the rest of this entry »
Colorado Springs Foreclosure listings in WEST area as of 5-26-09
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in West As 5-28-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Neighborhoods: Homes in Kissing Camels, Cedar Heights, Mesa, Chelsea Glen, Pleasant Valley, Holland Park
Breakdown of homes for sale, INCLUDING FORECLOSURES, as of
- Short sales: 17 (7.1%)
- Bank-owned: 11 (4.6%)
- Normal: 208 (86.7%)
Active Homes for Sale: 240
- Single Family Homes: 163 (68%)
- Condos/Townhomes/Patio Homes: 77 (32%)
Partial list of Read the rest of this entry »
Market in Northwest Colorado Springs is almost foreclosure free
Homes in Colorado Springs – Northwest
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Market breakdown for Active Homes as of 5-18-09
Neighborhoods: Homes in Pinecliff, Mountain Shadows, Rockrimmon, Oak Valley, Centennial Glen
Active homes for sale
- Short sales: 5 (1.6%)
- Bank-owned: 5 (1.6%
- Regular: 300 (96.8%)
Active Homes for Sale as of 5-18-09 :
- Single Family Homes: 218 (70%)
- Condos/Townhomes/Patio Homes: 92 (30%) Read the rest of this entry »
Colorado Springs Foreclosure listings in Old Colorado City area as of 5-12-09
Old Colorado City – Market breakdown for Active Homes as of 5-11-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com Search for Homes in Old Colorado City
Active homes for sale:
-
Short sales: 12 (6%)
-
Bank-owned: 8 (4%)
-
Regular: 179 (89.9%)
Active Homes for Sale as of 199
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Single Family Homes: 133 (67%)
-
Condos/Townhomes/Patio Homes: 66 (33%)
Partial list of Foreclosed homes currently on the market Read the rest of this entry »
Old Colorado City housing market remains strong
Colorado Spring Real Estate – Market Report for Old Colorado City - Single Family Homes
Includes Crown Hill Mesa, Gold Hill, Old Colorado City
Search for Homes in Old Colorado City
The Old Colorado City housing market continues to be a Buyer’s Market, as there is currently a 8.3 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“. Sales are down 22% from 2008 to 2007, but 2008 pricing was only down 1.5% from 2007. In the first 4 months of 2009, sales are continuing at a stronger pace than 2008.
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.
Open House tips
It is Open House Season
The following information is the forth in a series of Buyer Tips to provide tips for both the first-time home buyer and the most experienced home buyer. The goal is to help the consumer to become better educated about purchasing real estate in Colorado Springs and the surrounding area. This article includes tip #10.
For a FREE Buyer’s Guide, Email KTorline@msn.com
Many Colorado Springs Realtors hold open houses; and do so on many weekends during the spring and summer 
time. It can be a great way for a Realtor to get additional exposure for their sellers and it can also provide a way for Realtors to meet other potential buyers and sellers.
Also, many potential home buyers like to visit open houses. It’s a great way for them to get educated about the marketplace and to see a wide variety of homes in different neighborhoods. It helps them to see what is for sale.
When a buyer visits an open house; it’s important for them to understand who the Realtor is representing. (See my previous article about Who is Representing You?) Many people visiting an open house; don’t realize the Realtor at the open house may ONLY be representing the Seller.
In Colorado, potential clients can be represented 3 different ways, as a Buyers Agent, as a Seller Agent, and as a Transaction Broker. (See my previous article on Buyer Representation.) As a potential home buyer Read the rest of this entry »
First Quarter 2009 Market report for homes in West Colorado Springs
Colorado Spring Real Estate - West area – Market Report – Single Family Homes
Includes Homes in Pleasant Valley and Kissing Camels
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
Must Read Articles
- El Paso County taxes are some of the lowest in the nation!
- Colorado Springs in ratings for Best Places to Start Over
- Radon poses a threat to Colorado Springs Homes
- High Altitude Adjustment for living in Colorado Springs
- Schools in the Colorado Springs Area
- Abandoned Coal Mines Cause Problems
The West housing market continues to be a BUYERS Market, as there is currently an 9.25 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 ONLY down 1% from 2008 to 2007, but pricing is down more than16% from 2008 to 2007.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004 Read the rest of this entry »
Manitou Springs is still a Buyer’s market for homes
Manitou Springs Real Estate
Single Family Homes
Search for Homes in Manitou Springs
The Manitou Springs Springs housing market continues to be a Buyer’s Market, as there is currently a 15 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“. Sales are only down 1% from 2008 to 2007, but average pricing is down 10% from 2008 to 2007.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
| 1-1-2009 to 3-31-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 6 | 62 | 63 | 90 | 80 | 82 |
| Average Sale Price | $222,583 | $288,634 | $331,214 | $293,955 | $268,868 | $251,372 |
| Sales Price to List Price | 92.2% | 95.3% | 94.9% | 96.3% | 97% | 97.1% |
| Average Days on Market | 244 | 138 | 133 | 101 | 99 | 70 |
| Average # of house sold per month | 2 | 5.2 | 5.3 | 7.5 | 6.7 | 6.8 |
Current Report as of 4-10-09 in Manitou Springs Read the rest of this entry »
Colorado Springs Foreclosure listings in the Northwest
Homes in Colorado Springs – Northwest as of 4-2-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com,
Homes in Pinecliff, Mountain Shadows, Rockrimmon, Oak Valley, Centennial Glen
Active homes for sale:
- Short sales: 9 (2.8%)
- HUD: 1 (.3%)
- Bank-owned: 20 (6.2%)
- Regular: 281 (87.5%)
Active Homes for Sale as of : 321
- Single Family Homes: 216 (67%)
- Condos/Townhomes/Patio Homes: 105 (33%)
Partial list of Foreclosed homes currently on the market Read the rest of this entry »
Fake HUD sites — Buyers Beware
HUD foreclosures
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Fake websites are popping up on the Internet with the intent of gathering your contact information. An example of such a web site is bailout.hud-gov.us/, although this web site now seems to have been taken down. If this site pops back up, please note that this is not a HUD site, even though it has official looking photos and an official ’government looking’ seal.
When I originally paged through this site, it had a consumer alert tab that warns of fraudulent websites. There is absolutely no connection to HUD. Their disclosure page reveals that they are, “….a for profit business…..” Consumers beware.
The official HUD web site is http://www.hud.gov/, and the site of the company that handles HUD properties in Colorado is www.mcbreo.com
HUD properties continue to provide some great deals for Colorado Springs Home Buyers. Here’s a couple of my favorite HUD properties currently for sale:
3602 Ian Point Colorado Springs, CO 80920 $120,000 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 »
