Colorado Springs Vintage Homes Blog
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Market report for homes in Northwest Colorado Springs for July 2009
Colorado Springs Real Estate – Market Report for Northwest
Single Family Homes
Search for homes in Northwest Colorado Springs
Must Read Articles:
The housing market in Northwest Colorado Springs continues to be a BUYERS Market, as there is currently a 7.78 months of supply of homes on the market. A 6 month supply of houses on the market is considered a “BUYER’S MARKET”. Sales were down 15% from 2008 to 2007, but average pricing was ONLY down 6.5% from 2008 to 2007. 197 Single family Homes have been sold in 2009 vs. 219 for the same period in 2008; a decline of 11%.
| 1-1-2009 to 7-30-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 197 | 317 | 370 | 473 | 532 | 546 |
| Average Sale Price | $296,601 | $339,804 | $363,946 | $354,585 | $327,587 | $301,114 |
| Total Square footage | 2814 | 3120 | 3195 | 3001 | 3093 | 3070 |
| Price Per Total Square Footage | $105.40 | $108.91 | $113.91 | $118.16 | $105.91 | $98.07 |
| Average Days on Market | 95 | 78 | 67 | 57 | 44 | |
| Average # of house sold per month | 28.1 | 26.4 | 30.8 | 39.4 | 44.3 | 45.5 |
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 »
Townhome pricing continues to decline in Colorado Springs
Colorado Springs Townhomes and Condos
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 an 13 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.
Townhome bargains in Colorado Springs
Some of my favorite townhomes and condos in Colorado Springs
Search for Townhomes Homes in Colorado Springs
Related Article: Tax Credit — Who is a first time home buyer?
I spent part of last weekend showing condos/townhomes to one of my clients on the west side of Colorado Springs. As I’ve mentioned before in some of my previous posts, it’s an amazi
ng time to buy a home in Colorado Springs, especially if you are a first time home buyer. There are some very attractive deals in the townhome/condo market; as they seem to have been hit even harder on pricing than single family homes. Here’s a sample of some of my favorite properties I showed over the weekend.
Townhomes in Holland Park: Newer units, some were just finished in 2006. Close to Garden of the Gods and I-25; easy access to the Interstate. Tons of space for a townhome, as many of the units have 2 car garages, 2 bedrooms, 2 baths, with almost 1500 square feet. One bank-owned unit is priced at less than $150,000. Amazing value for all this square footage. Some of these units originally sold for $180,000 to $200.000.
Townhomes in Pinecliff: One of my favorite areas of town, in a secluded neighborhood on the bluffs. The area is visited by local wildlife; and portions of Pinecliff have amazing view, all close to I-25 and Garden of the Gods. There are currently 2 properties for sale in the complex; one 2 bedroom 2 bath rancher with a carport for under Read the rest of this entry »
Colorado Springs Homes for Sale — New Foreclosure Listings For week of April 11th
Sunday Bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of April 11th, 2009
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn.com
Breakdown of New Foreclosure homes for sale from April 11th, to April 18th, 2009
Partial list of NEW Foreclosed homes currently on the market Read the rest of this entry »
New Foreclosure reporting bill signed by the Governor
Public Trustees are unique to Colorado
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com
Related Articles:
The foreclosure process in Colorado is quite a bit different than in other states because the Governor appoints a 
“Public Trustee” for each county in the state. The trustee must act as an impartial party when handling a power of sale foreclosure. The Public Trustee acts as a representative of the lender to facilitate the sale, which typically occurs in the form of a public auction.
Because of these differences, national foreclosure reporting companies may report a Colorado foreclosed property as many as two to three times between the Notices of Election and Demand, and at the point of a public trustee sale, thereby inflating Colorado foreclosure figures.
Over the years, concerns have been raised that foreclosure numbers for Colorado are inflated versus other states that have already implemented standardized reporting procedures. This can put Colorado at a disadvantage when national numbers are analyzed and compared.
There is a new Bill, HB 1197
Top 3 websites for home buyers
The following information is the third 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 tips #7 – 9
For a FREE Buyer’s Guide, Email KTorline@msn.com
Home Buying Resources on the Internet
As I started to put together this article, I originally was going to write it about the wonderful resources that HUD provides on the Internet, but as usual, my blog article evolved into something much more. The Internet provides all of us an amazing opportunity for education, and home buying is no exception. Remember, knowledge is power.
Tip #7: My favorite site for Home Buyers: HUD web site. In fact, when you google “buying a home”, the first site that comes up is HUD’s site. The site provides an easy way to find out about all of the loan products offered through HUD/FHA, but equally important it offers perspective buyers great advice on all types of things. One of my personal favorites is the quick easy list they have on the 9 steps to buying a home:
Nine steps to buying a home
- Figure out how much you can afford
- Know your rights
- Shop for a loan
- Learn about homebuying programs
- Shop for a home
- Make an offer Read the rest of this entry »
Who is Representing YOU?
The following information is the first in a series of Buyer Tips to provide tips for both the first-time homebuyer and 
the most experienced homebuyer. The goal is to help the consumer to become better educated about purchasing real estate in Colorado Springs and the surrounding area.
For a FREE Buyer’s Guide, Email KTorline@msn.com
Tip #1
Who’s working for you?
A Buyer’s Agent represents the buyer in a real estate transaction. The Colorado Springs real estate agent becomes the Buyer’s Agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. Under this agreement, the Buyer’s Agent owes his fiduciary responsibilities to the buyer. According to the Colorado Buyer’s agency agreement, a Buyer’s Agent has the following additional duties: Promoting the interests of Buyer with the utmost good faith, loyalty and fidelity, Seeking a price and terms that are acceptable to Buyer, and Counseling Buyer as to any material benefits or risks of a transaction that are actually known by Broker.
The State of Colorado has a form called Definitions of Working Relationships, which does 
Read the rest of this entry »
NORAD is still alive and smaller under Cheyenne Mountain
NORAD
- After fierce competition Colorado Springs finally lands the Air Force Academy
- Military relocation? 6 tips to read before you buy a home
- An early history of Ft. Carson
- History of Ft. Carson part II
NORAD today, stills sits under the caverns of Cheyenne Mountain, even though its in a warm 
status. It may not be as large as it once was due to the consolidation of NORAD and Northcom now housed mainly at Peterson Air Force Base, but its still there protecting us from not just external but now internal threats with the help of the FAA.
In 1957, both Canada and the United States were reeling from the threats of the Soviet Union, especially after the launch of the first satellite, Sputnik. Everyone was scared and even schoolchildren were drilled on diving under their desks and covering their heads in case of a nuclear strike. Both countries realized the importance of a continental home alarm system. This lead to the creation of NORAD at Ent Air Force Base (now the Olympic Training Center). Read the rest of this entry »
Colorado Springs Homes for Sale — New Foreclosure Listings For week of March 23rd
Saturday Bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of March 23, 2009
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn.com
Breakdown of New Foreclosure homes for sale:
Partial list of Foreclosed homes currently on the market Read the rest of this entry »
New help for Colorado homeowners facing foreclosure
f you are interested in a short sale, It’s important to utilize a Colorado Springs Real Estate Agent that specializes in Pre-foreclosures, Foreclosures, and Short Sales; and has a successful and ethical track record. Call Kathy Torline – Nordstrom, 719-287-1049.
Governor Ritter is expected to sign a new bill approved by the state Senate that will give 
homeowners facing foreclosure an 90 day window to try and work out a way to keep their homes. The bill would require the state to post a notice on the doors of foreclosed homes no later than 15 days after the foreclosure notice is delivered. The homeowner would then have five days to contact the state’s foreclosure hot line (1-877-601-hope) and set up an appointment with a foreclosure counselor. If the homeowners can prove they have income then the lender will be required to meet with them to try and work out a payment plan.
During the next 90 days, foreclosure proceedings would be suspended, although the homeowner would have to keep paying 2/3 of the mortgage payment. Mortgage brokers support the plan as they’re more interested in saving the investment than taking possession of the homes where it would show up as bad debt and that doesn’t help the lenders.
This new bill would certainly help many Colorado homeowners though not everyone would benefit. If the homeowner has no income due to a loss of a job, and they have no ability to repay the mortgage, there’s no help for them in this bill . The lenders are only required to meet with these homeowners, not come to an agreement with the owners, but many are willing to try, given all the foreclosed homes they’re carrying on their books.
Must Read posts:
If you enjoyed reading this article, why not Kathy (719-287-1049) KTorline@msn.com
A Diamond in the Woods — amazing luxury foreclosure in Colorado Springs
A Diamond in the Woods
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com
Tuesday was my designated day to tour some luxury foreclosures in Colorado Springs. Some of my fellow Realtors and I decided to look at some foreclosed homes in Cedar Heights, a breathtaking gated community in the west part of the city. We saw several properties, including one that had major structural damage; and another that had some great views, but it was way too close to Rampart Range Road; My favorite of the day (I always have at least one favorite), was an amazing house towards the top of Cedar Heights. Views were to die for!
There was an amazing wood-burning rock fireplace; one side was on the great room, the other side was on the bedroom. The best part is that it was actually real rock vs. that fake stuff you often see in houses. 
Kitchen needed Read the rest of this entry »
Colorado Springs Home Listings — Foreclosures for sale in West Colorado Springs March 15th
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in West Colorado Springs As of 3-14-09
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
Active Homes for Sale as of 3-14-09: 220
- Single Family Homes: 137 (62%)
- Condos/Townhomes/Patio Homes: 83 (38%)
Breakdown of homes for sale, INCLUDING FORECLOSURES, as of 3-14-09 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
Foreclosed homes for sale in NorthWest Colorado Springs
Foreclosed Homes in Colorado Springs – Northwest Neighborhoods
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Neighborhoods: Pinecliff, Mountain Shadows, Rockrimmon, Oak Valley, Centennial Glen
Breakdown of homes for sale as of 3-7-09 Read the rest of this entry »
Moving to Colorado Springs, check out Zip Skinny
Looking at moving to a new neighborhood, make sure and check out ZIPskinny
For someone like me who loves statistics, this web site provides everything you ever wanted to know about a neighborhood
For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com
According to the info on the site, it was created as a Web development “hobby” project using Census 2000 data obtained from the Census 
website.
You start with putting in your zip code on the upper right side of the page. After you click “get it“, it comes up with a web page with 7 different tabs, all in different colors so it is easy to distinguish between them.
One of the tabs include charts (for those us that like pictures), another includes info on schools, and yet another includes basic information on the zip code. If you want a a map of the zip code area, no problem.
One of the best tools is the zip code comparison tab. If you are trying to decide between two neighborhoods, one in Southwest Colorado Springs (80906) and one in Northwest Colorado Springs (80919); you can look at the population density, household income, occupation comparison between both areas.
There is also another web site, zipwho.com. It seems to give the same info as ZIPskinny, just presents it in a different format.
As an example ….. Did you know that in the 80919 zip code in Colorado Springs, the average home has Read the rest of this entry »
Buyers have a great selection of foreclosed properties to choose from
Homes in Central Colorado Springs Ivywild, Old North End, Patty Jewett, Divine Redeemer, East End Addition, Crown Hill Mesa, Boulder Heights, Spring Creek
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Active as of 2-20-09: 497
- Single Family Homes: 377 (76%)
- Condos/Townhomes/Patio Homes: 120 (24%)
Active homes for sale:
- Short sales: 55 (11.1%) Read the rest of this entry »
Tax Credit — Who is a first time home buyer?
Colorado Springs Vintage Homes is happy to feature a great article by
Bryan Yaninek with Castle & Cooke Mortgage, LLC
Here are some of the top questions complied and answered by the National Association of Mortgage Brokers, the National Association of Realtors and tax advisers!
Part I of Tax Credit Explanation
Who is Considered a First-Time Home Buyer?
There are other scenarios to consider! This one is easy; anyone who has not owned a home within the last 3 years. If they sold a home 3 years ago, the date on the HUD 1 is the determining factor.
- For a married couple, if one person owned a home within the last 3 years and the other did not, they don’t qualify for the tax credit.
- However, if an unmarried couple jointly buys a home, and one person owned a home (within 3 years) and the other did not, they can “designate” the tax credit to that person who will be able to claim it on their individual tax return. This rule also applies for parents Read the rest of this entry »
Stay away from these intersections
Colorado Springs Traffic
The City of Colorado Springs has released it’s annual statistics about the city’s worst intersections for traffic accidents
For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com
Colorado Springs ranks the most accident-prone intersections based on traffic volume, the number of accidents and accident severity. The higher the score, the worse the intersection.
Last year’s top 10 top accident-prone intersections were:
1.) Briargate Parkway and Powers Boulevard
2.) Palmer Park Boulevard and Space Center Drive
3.) Rangewood and Vickers drives
4.) Nevada Avenue and Southgate Road
5.) Lake Avenue and Venetucci Boulevard
6.) N. Powers Boulevard and Research Parkway Read the rest of this entry »
Resources for building a Green Home
Green Homes
Search for Homes in Colorado Springs
Are you considering building the home of your dreams this year? The newest trend is to build green by using materials that are environmentally friendly, designing your space to use energy 
more efficiently, furnishing your home with Energy Star rated appliances, avoiding waste and using natural resources as much as possible.
There’s also the advantage of doing your bit to help the environment while cutting back on your own utility bills.
Here are a few websites that offer help while you’re in the planning stages of building green: Read the rest of this entry »
