Colorado Springs Vintage Homes Blog
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Luxury homes sales in Colorado Springs have picked up
Luxury homes in Colorado Springs
Search for Luxury Homes in Colorado Springs
Overall, there were 11 sales topping $1 million during October through December 2010Here’s a sampling of some of the Colorado Springs luxury homes that have recently sold
- 1975 Fox Mt. Point
- 9358 square feet
- Sold on 10/14/2010
- $1,750,000 (Listed for $1,950,000)
- Days on Market: 210
- 9358 square feet
According to the description in the MLS: Luxurious 5BD+/9BA Manor On 2.1 Acre View Lot In The Gated Stratton Preserve Community. This Grand Home Makes A Bold Statement W/Abundant Amenities, While Providing The Ultimate Beauty & Ambiance Of A European Chateau. A Circular Drive Provides Accessibility To Several Entrances To The Home, Including A Separate Driveway To The 4-Car Garage. A Grand Main Entry Features A Covered Flagstone Porch W/Double Doors And Custom Chandeliers.
- 3615 Camel Grove
- 6150 square feet
- Sold on 10/1/2010
- $1,100,000 (Listed for $1,150,000)
- Days on Market: 20
According to the description in the MLS: Sensational Custom Home with wonderful Pikes Peak & Golf Course Views! Spacious, bright great room with fireplace & walkout to the partially covered deck. Gourmet kitchen features slab granite counter tops, island, stainless steel appliances, warming drawer, walk-in pantry, breakfast area & adjoining hearth rm w/walkout & fireplace. Main-level master suite offers fireplace, walk-out, adjoining bath & walk-in closet. Tons of storage, 2nd master in lower level, 2 unfinished bonus rooms
Current market report for Colorado Springs luxury homes priced over $1,000,000
- Active listings OVER $1,000,000 as of 1-5-2010: 109
- Under Contract and Pending: 6
Recap of 1-1-08 to 10-31-2010 Activity for houses over $1,000,000
- Homes Sold 2010: 42 (vs. 29 sold in 2009)
- Average days on market: 263
- Absorption Rate: 3.5 houses a month, an 31 month supply of homes on the market
To find out more information about Colorado Springs homes and real estate, Call ……
Kathy (719-287-1049) KTorline@msn.com
High end foreclosures on the upswing in Colorado Springs
Foreclosures are going upscale across Colorado Springs
Search for Homes in Colorado Springs
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While the high-end numbers are less in Colorado Springs than the lower-priced foreclosures, there has been a growth that reflects a 
significant shift in the foreclosure landscape and its underlying causes. Mortgage problems have moved upstream; partially because of economic conditions such as unemployment and stock losses. Also in play is a different type of risky loan called option ARM (adjustable rate mortgage) and interest only loans.
It definitely seems like the focus is shifting as we’re seeing more defaults, foreclosures and short sales in the more-affluent Colorado Springs communities. Some national experts emphasize that the foreclosure numbers don’t reflect the extent of distress at the high end. Banks are more likely to pursue short sales in luxury Colorado Springs luxury homes, in which the homeowner stays put while marketing the home for less than is owed on the mortgage.
Experts agreed that high-end homes take longer to become foreclosures because affluent people have more resources, consequently they likely to extend the time they’re struggling to make payments.
I looked over the Post Sale List dated 8-4-2010 from the El Paso Public Trustee’s office, and there is definitely evidence that foreclosures are going upscale. There was one property over $1,000,000 that was foreclosed on, 1 over $700,000, 1 over 500,000; and several over 300,000. When I compare this to the same list over a year ago, there were no Colorado Springs properties foreclosed on over $300,000.
There are currently 52 Bank-owned properties on the Colorado Springs market over $300,000; including several homes in the Broadmoor area, as well as in homes in Black Forest and in Monument.
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Kathy (719-287-1049) KTorline@msn.com
Signs of Stability In the Colorado Springs Townhome Market
Colorado Springs Townhomes
Market update for September 2009
Search for TownHomes in Colorado Springs
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The Colorado Springs Townhome market continues to be a BUYERS Market, as there is currently an 8.1 month of supply of homes on the market, but the supply of townhomes on the market continues to decline, which is a sign of stability. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. 819 townhomes have been sold in 2009 vs. 869 for the same period in 2008; a decrease of 6%. Average Pricing has continued to decline from 2009 to 2008.
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
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%.
Foreclosures near Fort Carson
Diamonds in the rough near the Broadmoor – Part II
Search for Foreclosures in Colorado Springs and Fort Carson
My favorite affordable foreclosed homes of last week was on Whistler Hollow Drive on the
East side of Highway 115 in the 80906 zip code. It’s been listed since July 2008, and is currently banked owned. It looks like it’s been under contract a couple of times, but the contracts mus
t have fallen through. The original price started at $240,000 and is now priced at $230,000. When we previewed it last week, new carpet had been put in it and new paint had just been completed on the main level. It’s a 2500 square house with 4 bedrooms, 4 baths with a main level master. There doesn’t seem to be any other houses for sale in the area. Convenient location close to the main gates of Fort Carson.
We then saw a “tree house” in the foothills behind the Broadmoor, in Dixon Heights. It was extremely unique, not sure how else to explain it. Definitely a retreat in the woods; back behind the Broadmoor, the house was mostly built on stilts. As is typical
Diamonds in the rough near the Broadmoor
Luxury Foreclosures near the Broadmoor
Search for Luxury Foreclosures in Colorado Springs
I previewed a variety of interesting bank foreclosures last week in Southwest Colorado Springs, including some homes in the Broadmoor area.
My tour for the week started at a wonderful home in Broadmoor Ridge priced at $269,900. As I started to write this blog today I went back to check some of the info on the property, and it is now under contract. I didn’t think it would last long on the market, as comparables in the area are going for $350,000 to $700,000.
Our second home of day was another luxury foreclosure home in Broadmoor Hills on Oakhurst Lane that has structural damage. The last time it sold in 1996 for over $500,000. The property has amazing views from every window, a 2 story atrium, all on a 1/2 acre lot. Since the last sale in 1996 it looks like it has been listed and withdrawn 7 or 8 times; and it’s been foreclosed on 2 or 3 times. Read the rest of this entry »
What can $1,000,000 buy in Colorado Springs?
Market Report for homes priced over $1,000,000
Search for Luxury Homes in Colorado Springs
Here’s some information about the most expensive home sales in the Colorado Springs Area
Overall, there were 4 sales topping $1 million during September 2008.
September’s MOST EXPENSIVE SALES
Single Family Detached Homes:
772 Long Timber Lane in Monument
- 6165 square feet
- Sold on 9/30/08
- $1,000,000
- Days on Market: 155
According to the description in the MLS: SPECTACULAR, TRULY MAGNIFICENT HOME! AWARD WINNING Read the rest of this entry »
