Colorado Springs Vintage Homes Blog
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Less Inventory = a more stable Colorado Springs housing Market
Colorado Springs housing inventory is down
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Why should you care that there is less inventory on the market?
Real estate has always been about supply and demand. When there are more houses on the market then the demand, the market conditions start to adjust and pricing goes down. When there is less houses on the market, pricing starts to stabilize and go up. As the information listed below, housing inventory, is down. In fact, it’s way down.
I’m not sure if this means we are going to start to see a rise in pricing, but I do think the market has hit bottom. As usual, time will tell ………………
Existing Single Family Homes on the Market
April 2012 4,433 Sales 2,289
April 2011 4,866 Sales 2,252
April 2010 6,228 Sales 2,382
April 2009 5,304 Sales 2,009
April 2008 6,787 Sales 2,298
April 2007 6,372 Sales 3,007
April 2006 6,114 Sales 2,725
April 2005 6,512 Sales 2,659
April 2004 6,181 Sales 3,068
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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
Foreclosure Home Pick of the Week — South of Colorado Springs
Not all Colorado Springs foreclosure homes are deals
Search for Foreclosures and Short Sales in Colorado Springs
Related Articles
My Foreclosure pick of the week is in Rockcreek area south of Colorado Springs on 2220 Paseo Corto.
It is a single family home and includes over 2500 square feet, with 3 bedrooms, 3 baths, and a 2 car attached garage; as well as a detached 2 car garage. The detached garage doesn’t have a floor or a door; it’s more of a metal enclosure set on the ground than a true garage. The property was built in 1980; and was originally sold for $264,500 in 2003The upsides….. 3 acre lot, beautiful trees and scrub oak on the lot. The house does need some work, which is very typical for a bank owned property.
The downsides ….. very close to Highway 115; you can definitely hear the traffic noise.
The description in the MLS Says: “Unbelievable property with fabulous mountain views. Large property includes a 1000 sq. ft. garage. Home offers hardwood and slate flooring, enclosed back porch. Minutes to Ft. Carson.”
The El Paso County Assessor’s office has it valued at 307,338. At the current list price of $319,900, it may be priced a little over market value, especially considering it is so close to the Highway. There are 14 other properties in the area, priced from $119,900 to $899,900. During the last 6 months, only 2 properties have sold in the same area, ranging from $259,900 to $420,000.
If you would like to find out more about buying a foreclosed home in Colorado Springs
Call Kathy Torline, 719-287-1049 or email KTorline@msn.com
What can you buy for $1,000,000 in Colorado Springs?
Market Report for $1,000,000+ homes
Have you ever wondered what homes have recently sold in Colorado Springs in the higher end market?
Overall, there were 2 sales topping $1 million during the month of September 2009.
Related Post: What can I buy for $100,000?
- 8 Berthe Circle – Sold on September 28, 2009 for $1,025,000
According to the description in the MLS: Charming interior. Main level living with beadboard ceiling
s & hand-hewn beams. Entry with brick floor. Great room open to private patio w/brick gas grill & fireplace . Kitchen with hand painted Portuguese tiled counters & fireplace, Big master with peaked wood ceiling, fireplace, private deck, 3 big walk-in closets & updated bath. Secondary bedrooms have interesting slant ceilings & alcoves. Dog run. Private enclosed deck in back.
Square Footage: 5,000
Days on Market: 110
Deal or no Deal
Do you want to buy a Colorado Springs bank owned home?
Related article: 3 Things to know about foreclosure homes for sale
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com
If you have an interest in purchasing a foreclosed home in Colorado Springs, you are probably going to be in for some surprises as you start to look at homes as many of the properties need work. I looked at a home yesterday in west Colorado Springs, that is a perfect example of some (not all) bank-owned properties. First the facts:
- Property was in a desirable west side neighborhood on 3827 Ellston in Holland Park
- Currently priced at $141,000
- House was built in 1971
- It’s a bi-level with over 1700 square feet with 4 bedrooms, 2 baths, 1 car garage.
This is what the description in the MLS says: 4 bedroom, 2 bath bi-level in Holland Park. Eat-in kitchen walks out to deck, master bedroom with walk-in-closet, large back yard with sheds. It doesn’t say anything that the house needs work, not just TLC.
What were they think when they did this?
One of the previous owners put rock facing on the front of the house; but vs. removing the existing brick, it looks like they just put mortar on the existing brick and slapped the rock on the front. I’m not any type of a construction expert, but my guess is that the rock won’t last and you can see where it is already pulling away from the house.
As you walk in the house up the stairs, the main living room has been re textured in a mustard yellow; a huge entertainment center has been semi-built (again in Mustard yellow) and not sure what they were trying to do on the ceiling with the space ship look.
All of the appliances have been Read the rest of this entry »
Colorado Springs Homes for Sale — New Foreclosure Listings For week of May 16th
Saturday bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of May 17, 2009
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
Related Articles:
- Don’t let your dream house become a nightmare
- Homes sold “As Is” in Colorado Springs….what does it mean?
- Homes in Colorado Springs, 5 things to know about buying foreclosures
- Buying HUD homes in Colorado Springs, Part I
- Buying HUD homes in Colorado Springs, Part II
- Colorado Springs HUD Homes – Part III in FAQ’s
- HUD homes available for $100.00 downpayment
Colorado Springs Foreclosure listings in CENTRAL area as of 5-14-09
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in Central
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com
Neighborhoods: Homes in Ivywild, Old North End, Patty Jewett, Divine Redeemer, East End Addition, Crown Hill Mesa, Boulder Heights, Spring Creek
Breakdown of homes for sale, INCLUDING FORECLOSURES
- Short sales: 40 (9.9%)
- Bank-owned: 22 (5.5%)
- Regular: 341 (84.6%)
Active Homes for Sale: 403
- Single Family Homes: 295 (73%)
- Condos/Townhomes/Patio Homes: 108 (27%)
Partial list of Foreclosed homes currently on the market 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:
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Short sales: 12 (6%)
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Bank-owned: 8 (4%)
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Regular: 179 (89.9%)
Active Homes for Sale as of 199
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Single Family Homes: 133 (67%)
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Condos/Townhomes/Patio Homes: 66 (33%)
Partial list of Foreclosed homes currently on the market Read the rest of this entry »
Colorado Springs Homes for Sale — New Foreclosure Listings For week of March 30th
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 from March 30 to April 4, 2009
Partial list of Foreclosed homes currently on the market Read the rest of this entry »
A Diamond on the Plains, another luxury foreclosure in Colorado Springs
Luxury Foreclosure in Peyton/Falcon
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com
I’m a little remiss in writing this, but last week I previewed luxury foreclosures in the Falcon and Peyton area. Found some great properties out there; most of them didn’t look like they had ever been lived in. First of all, the majority of Falcon and Peyton makes me feel like I’m back in Kansas again (which is where I grew up). Most of the lots are flat, you can see forever to the east, but they do have great views of the Front Range and Pikes Peak. The properties I looked at ranged anywhere from $313,000 to $569,000. I had a couple of them that were my favorites; but the one I like the best was on Gilbert Drive in Falcon/Peyton. What an amazing property! I’m not sure it has ever been lived in; and according to the assessor’s office it was finished in 2006. When you walk to the property it has a great courtyard, surrounded on 3 sides by a stucco walls and then you enter the house by a “giant” wood door; felt like I was a munchkin entering the castle.
The first thing you see when you enter is a wonderful fireplace in the living room; accented by the dark wood shelves on each side.
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 Vintage Home, open house on Sunday 3-22
Come see a piece of history
Search for Homes in Colorado Springs
Kathy will be at an open house this weekend on Sunday from 1:00-4:00pm, you can stop by and see her at this home at 4130 Dunbarton Lane in a vintage Colorado Springs Neighborhood, close to Academy and Maizeland.
This home is over 3,700 square feet on 1.5 acres located in the middle of Colorado Springs.
It’s a retreat on a forested lot, with hidden rock formations. What a gem!
House could use some updating in the kitchen, 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 »
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 »
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 »
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 »
Colorado Springs Foreclosure Homes, Tri-Lakes Area including Palmer Lake
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in Tri-Lakes As of 1-7-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Must Read Posts
Neighborhoods: Woodmoor, Kings Deer, Palmer Lake, Walden Reserve, Jackson Creek
Active Homes for Sale as of 1-7-09: 411
- Single Family Homes: 383 (93%)
- Condos/Townhomes/Patio Homes: 28 (7%)
10 Questions to ask when getting a Mortgage Loan
Colorado Springs Vintage Homes is happy to feature a great article
by our Newest Guest Blogger
Jessica Peterson with Lending Ladies
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
10 Things to ask when Getting a Mortgage Loan
We know that buying a home is a big and important decision. Selecting a good Loan Officer is a key part 
of your financial success. You will find our way of finding a good Loan Officer may be different from other blogs or postings. I am seeing quite a few blogs or posts that are saying the same thing and I find the questions do not really pertain to finding a good Loan Officer. Also, I find it interesting to learn that a company is selling the data.
What we have below did not come from any source that we paid for but comes from the heart and after being in the industry for a long time. At LendingLadies.com, we find character and experience plays a large part in finding a good Loan Officer. Therefore our questions are based upon that. If someone is a smart and truly caring person, they will end up being a good Loan Officer. It does not mean that everyone will agree with us, but some of you will. Please see our suggested list of questions to ask below. As always, LendingLadies.com encourages you to ask us the questions below.
Please pass this along to anyone who will be obtaining a loan in the future.
- Do you guarantee your fees on a Good Faith Estimate? Read the rest of this entry »
History of Ft. Carson part II
Fort Carson History
Search for Homes in Fort Carson
Please check out the part 1 post if you haven’t read: An early history of Ft. Carson
Part II starts in the early 1960’s and will go through 2004. I’ll deal with Ft. Carson today in another article that will also give some great websites if you’re being transferred here in the near future.
look for the statue of Kit Carson also located by the main gate
During the early 1960’s, Ft. Carson was home to only one major unit and was on McNamara’s list of potential base closings. This was not known at the time but the Cuban Missile Crisis and Berlin blockade was enough for the Army to reactivate two more divisions, including the 5th Infantry which formally reactivated in early 1962. The 5th was the Army’s first mechanized Infantry division to be organized. The problem was the need for land. Tanks need lots of room to roam and so in 1965, the base acquired almost 25,000 acres of state land (remember it was originally leased in 1942). They traded the land with some federal land owned at the time close to Lowry near Denver. Also, in 1965 and 1966 they purchased almost 79,000 acres south of the original base for around $3.5 million. All this brought Ft. Carson up to its current size of 138,523 acres, though Ft. Carson officials and the Army have recently been trying to acquire more land which has been met Read the rest of this entry »
An early history of Ft. Carson
Part one of the early history of Ft. Carson
Search for Homes in Colorado Springs
Must Read Articles:
- The Founder of Colorado Springs, William Jackson Palmer
- The Young Years of Colorado Springs
- Tea and crumpets in Colorado Springs
- The End of an Era in Colorado Springs
The history of Ft Carson started when Japan attacked Pearl Harbor on December 7, 1941; and the United States declared war on Japan which soon included all the Axis Powers. Officials in charge of selecting new sites for military installations went into immediate action, as they would soon have many new troops to train. Less than one month later it was announced that Colorado Springs had been selected as the site for an army camp. On February 22, 1942, Colorado Springs newspapers reported that the installation would be named Camp Carson in honor of Brigadier General Christopher “Kit” Carson, the famous frontiersman. The original military reservation consisted of 60,048 acres of land; some donated by the city of Colorado Springs, some purchased from private owners or acquired from the Department of Interior. The Army even leased some from the State of Colorado.
During World War II, a total of 104,165 soldiers trained at Camp Carson. More than 125 units were activated at Camp Carson and other units were transferred to the Mountain Post from other installations. The camp trained nurses, cooks, mule packers, tank battalions, and many other types of personnel. Toward the end of the war, after the departure of the divisions and established units, Camp Carson trained replacement troops as well. In late 1943, approximately 43,000 military personnel came here and were quickly trained so they could be sent overseas to do their part for the war. There were no facilities for dependents, so if a Read the rest of this entry »
Colorado Springs HUD Homes, Part II
Are you Interested in buying a foreclosed home in Colorado Springs?
5 MORE things to know about HUD homes
Search for Foreclosed Homes in Colorado Springs
Related Posts
(6) Does HUD inspect homes before they sell them?
When you view the Property Detail on the the Mcbreo web site, the link takes you to a comprehensive detail page on the property. On this page, you can link to the Property Condition Report. This report contains information on the major components of the house including the roof, structure, exterior, plumbing, Electrical, HVAC, Interior and Appliances. If deficiencies have been found; it is explained in the Work Required area of the report and it is assigned a dollar amount to correct the issue. It’s a wonderful, very comprehensive report; very informative for potential buyers.
(7) Should I get a home inspection on a HUD home?
All HUD homes are sold “as-is”, without warranty. HUD will not make any repairs nor pay to correct any problems. Read the rest of this entry »
