Colorado Springs Vintage Homes Blog
719.287.1049
What is a Hot Sheet?
THE MLS is a tool every buyer needs to utilize
Service. It’s an important resource for your home search, and your realtor should be very in touch with what is new on the local MLS every day.There are hundreds of MLS’s across the country (and in many other countries as well). Every seller knows that they need to get their house listed on MLS to sell it; and every home-buyer should know how to utilize the MLS. Think of the MLS is a big property warehouse , similar to a “Home Depot.” When a property is available for sale, it goes in the warehouse. When it is sold, it gets taken out of the warehouse. When changes get made to the status and pricing of a property, it get’s changed in the warehouse.
Hot Sheets
In the Colorado Springs area, a Realtor can search the MLS and pull up “Hot sheets“. These reports can be Read the rest of this entry »
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
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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
Foreclosure pick for July, 5 acre horse property in Monument
Search for Foreclosures and Short Sales in Colorado Springs
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My foreclosure pick of the week is in Monument (located north of Colorado Springs) on 4185 Spaatz Road in Pine Hills in Monument. It’s located west of I-25 and it includes over 4100 square feet, with 4 bedrooms, 3 baths, and a 2 car attached garage.
The upsides….. 5 acre lot, expansive floor plan, beautiful valley views with plenty of square footage. It’s very close to Pike National Forest, hiking trails, and only minutes from downtown Monument. It does need quite a bit of work, but at first glance it mainly looks like cosmetic work including new floor coverings, everything needs painted, appliances are needed, deck needs refinished, and the windows look in bad shape. Couldn’t tell about the roof, or the condition of the well or the heating system; all things to be checked out during an inspection.
The description in the MLS Says: “Great opportunity! 4 bed, 2 bath home with over 4,000 square feet! Tons of living space in this house. The main level features formal living and dining rooms, a family room with a fireplace and a spacious kitchen. Kitchen features a breakfast bar and tile counters and backsplash. There is a sunroom off of the family room which offers tons of natural light for the kitchen and family room area. Basement offers a large rec room and an office. Lots of windows and high ceilings throughout the main level.”
The El Paso County Assessor’s office has it valued at $394464. At the current list price of $272.900, it’s priced below market value. There are 3 other properties in the area, priced from $365,000 to $654.000. During the last 6 months, 4 comparable homes in Monument have sold in the same area, ranging from $275,000 to $406,500; averaging $110.00 per square foot.
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Kathy (719-287-1049) KTorline@msn.com
Where are the foreclosed homes?
Where are the Colorado Springs Foreclosed Homes?
Search for Colorado Springs Foreclosed Homes
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The Colorado Springs area saw 384 new listings for Colorado Springs bank owned homes come on the market since January 1, 2010. The homes are in a variety of different areas of the city, but the POWERS area in the city had the most foreclosures come back on the market, with 59 new listings. The SOUTHEAST area had 38 new foreclosures come back on the market and FOUNTAIN had 44 foreclosed homes come on the market. There were very few new foreclosures listings in the the quarter in the Northwest or Manitou areas. The price on these Colorado Springs Foreclosed homes ranged from $27,900 for a small home in Pueblo to $995,000 for 6500 square foot home built in 2008 located in Red Rock Ranch in the Monument area. The average price was $183,891.
Kathy (719-287-1049) KTorline@msn.com
NEW Colorado Springs Foreclosure Listings
Where are the Colorado Springs foreclosed homes?
During the first two weeks of February , 52 foreclosures came on the market; 10 (16%) of them are already under contract.
Homes in Southeast Colorado Springs and Homes in the Powers area, Homes in Fountain, and homes in Northeast area are still continuing to see more foreclosures than other areas of the city.
For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn
More and more bank owned properties seem to be coming on the market
Foreclosure Listings in Colorado Springs as of September 20, 2009
During the last 2 weeks, starting of September 6, 75 bank-owned properties came on the market; 17 (22%) of them are already under contract
For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn
Related article: 3 Things to know about foreclosure homes for sale
55 Colorado Springs Foreclosed Homes came on the market last week
Foreclosure Listings in Colorado Springs as of September 6, 2009
During the last 2 weeks, starting of August 24, 55 bank-owned properties came on the market; 19 (25%) of them are already under contract
For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn
New Colorado Springs Foreclosure Read the rest of this entry »
Homes in Southeast Colorado Springs continue to be hit by foreclosures
Foreclosure Listings in Colorado Springs as of August 22, 2009
During the last two weeks of August, starting on August 10th, 47 bank-owned properties came on the market; 15 (31%) of them are already under contract
It seems like many more properties are going to final foreclosure than the number of properties that are coming back on the market. There are lots of rumors that there is a back log of properties that will hit the market sometime in 2009.
For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn
All types of foreclosed homes are hitting the market, from A to Z
I was going through the list of the new Colorado Springs foreclosure homes that just came on the market, and was surprised by the huge range in properties.
For a Free list of Foreclosed Homes in Colorado Springs, email KTorline@msn.com
Related Articles:
There is a home that just came on the market in Cripple Creek with over 3,500 square feet for $110,000. Wow, but there 
is a catch. The property hasn’t been finished and doesn’t have a occupancy certificate on it. No interior walls yet, no deck, no floor covering, no bathroom fixtures. It’s almost a blank slate.
Then there is a home in Larkspur, 7918 square feet for $550,000 on 10 acres land. From first glance it looks like a great deal. But, I’ve been in this property, and even though it was built in 2005, property does need some work. Read the rest of this entry »
36% of new bank-owned properties on the market are in Fountain and Southeast Colorado Springs
Foreclosure Listings in Colorado Springs as of August 10, 2009
During the week of August 3rd, 69 bank-owned properties came on the market; 47 (68%) of them are already under contract
For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn
New Foreclosure Listings for the week Read the rest of this entry »
Foreclosed homes in Colorado Springs continue to sale quickly
Foreclosure Listings in Colorado Springs as of August 1, 2009
During the week of July 27th, 71 bank-owned properties came on the market; 46 (65%) of them are already under contract, or pending.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
Must Read Articles
Read the rest of this entry »
64 new foreclosed properties came on the market last week
Foreclosure Listings in Colorado Springs as of July 25, 2009
During the week of July 20th, 64 bank-owned properties came on the market; 42 (65%) of them are already under contract, or pending.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
Seller’s need to make it easy
Interested in selling your home in Colorado Springs?
Then make sure it is easy to show
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As I’ve been out showing many many different properties to a variety of clients I’m working with; I’ve realized what a 
difference it makes in how easy it is to show a home. There are some days that I’ve showed 10 – 15 properties to potential Colorado Springs home buyers , which means that I’m picking out the appropriate properties, organizing them by the area, and then putting them in to some type of logical order to show. Sounds easy, but it takes some work to get it organized correctly.
When a Colorado Springs home owners puts their property up for sale, they have many options in choosing an agent to list their house. I have many listings of my own; and usually get asked the same questions from potential sellers; and most of the time it has to do with pricing and marketing. But I’ve never had a seller ask me about the process of how buyers and buyer’s agent’s will make the appointments to see their house.
I’ve had some recent experiences that makes me realize what a difference “the ease of showing” can make. Essentially the easier it is for a house to be shown, the better chance a seller has of getting more exposure for their house.
Here’s some of my observations:
- Showing Services are my favorite service for showings; as they are professional, open 7 days a week during extended hours. (Of course, I am biased, as I use a Showing Service).
- My second favorite …………. Many real estate companies in Colorado Springs have you call their office directly, and most of them are open 7 days a week. My suggestion to sellers, don’t pick a realtor and a real estate agency that only answers their phones M-F; 8-5pm.
- My least favorite ……… Read the rest of this entry »
10% of homes for sale in Monument are bank-owned or short-sales
Homes in Colorado Springs
Market information for Active and Foreclosure Homes in Tri-Lakes As of 7-13-09
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
Neighborhoods: Woodmoor, Kings Deer, Palmer Lake, Walden Reserve, Jackson Creek
Breakdown of homes for sale, INCLUDING FORECLOSURES
- Short sales: 32 (6.5%)
- Bank-owned: 15 (3.0%)
- Regular: 446 (90.5%)
84% of Colorado Springs foreclosed homes went under contract in a week
Sunday bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of June 15, 2009
During the last 7 days, 51 bank-owned properties came on the market; 36 of them are already under contract or pending. 84% of these new listings went under contract in a week.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
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
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 »
71 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 1, 2009
During the last 7 days, 71 bank-owned properties came on the market; 34 of them are already under contract or pending. 48% of these new listings went under contract in a week.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
Bank owned properties are selling like hotcakes! Quick and fast
Sunday bargains – Homes in Colorado Springs
NEW Foreclosure Listings in Colorado Springs – for the week of May 24, 2009
During the last 7 days, 44 bank-owned properties came on the market; 32 of them are already under contract or pending. 73% of these new listings went under contract in a week.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
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 »
