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New Listing - Stetson Hills Charmer!

Tuesday, May 05, 2009
by Alan Daniels

Stetson Hills Charmer!
Type: Co-op
Location: 6280 Scottsbluff Dr., Colorado Springs, CO 80923
Bedrooms: 2, Bathrooms: 1 full, 1 half, 1 three-quarter bath
Price: $174,900
Description: * VERY NICE HOME WITH VAULTED CEILINGS, CEILING FANS, VERY OPEN, LIGHT AND BRIGHT FLOOR PLAN * THIS MODEL HAS IT'S OWN SEPERATE MASTER BATHROOM AND LARGE WALK-IN CLOSET * TANDEM 2 CAR GARAGE * 2 BEDROOMS PLUS A LARGE LOFT THAT COULD BE USED AS A FAMILY ROOM, BEDROOM, HOBBY ROOM, ECT. * MANICURED FENCED BACKYARD WITH PATIO AND SPRINKLER SYSTEM * THIS HOME IS A DELIGHT TO SEE AND VERY CLOSE TO SNOWY RIVER PARK!!

Click Here for More Information and Photos.

Delinquent Mortgages Not As Bad In Colorado

Friday, March 06, 2009
by Alan Daniels
The nation has had a large number of delinquent mortgages coming into the fourth quarter.  The news seems to be great at generalizing the stats for all but you should really listen more to the what is happening in each market.  Colorado has definitely had an increase in delinquent mortgages accounting for a total of 5.61percent of all Colorado Mortgages in the fourth quarter.  According to the Mortgage Bankers Association Colorado’s delinquency rate ranked 42nd nationwide in the fourth quarter, with first being the highest rate and 50th the lowest.  Things are bad, but they could be much worse.

Home Buyer Tax Credit!

Wednesday, February 25, 2009
by Alan Daniels

Home Buyer Tax Credit | Colorado Springs Real Estate

It is definitely a great time to buy a home!  Home prices and interest rates are at historic lows which leaves open even more opportunities as a home buyer.  Now the government has added an $8,000 tax credit to all qualified home buyers who have not owned a principle residence in the last 3 years.  Home affordability is now drawing renters into a home of their own.  Here is a chart that outlines the tax credit. 

If you do not qualify for the credit you can still take advantage of low home prices and interest rates along with a larger inventory of homes to chose from.  Start your search now to see for yourself. 

Home Buyer Tax Credit

FEATURE

CREDIT AS CREATED JULY 2008 APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008

REVISED CREDIT- EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 & BEFORE DECEMBER 1, 2009

Amount of Credit

Lessor of 10% of cost of home or $7500.

Lessor of 10% of cost of home or $8000.

Eligible Property

Any Single Family Residence (including condos, co-ops, townhouses) that will be used as a principle residence.

No Change.  All principle residences eligible.

Refundable

Yes.  Reduces (or can eliminate) income tax liability for the year of the purchase.  Any unused amount of tax credit refunded to purchaser.

No Change.  Purchasers will continue to receive refund for unused amount when tax return is filed.

Income Limit

Yes.  Full amount of tax credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return).  Phases out above those caps ($95,000 and $170,000).

No Change.  Same income limits continue to apply.

First Time Home Buyer Only

Yes.  Purchaser (and purchaser's spouse) may not have owned a principal residence in 3 years previous to purchase.

No Change.  Still available to first time purchasers only.  Three year rule continues to apply.

Revenue Bond Financing

No credit allowed if home financed with state/local bond funding.

Purchasers who utilize revenue bond financing can use credit

Repayment

Yes.  Portion (6.67% of credit or $500) to be repaid each year for 15 years starting with 2010 tax filing.

No repayment for purchases on or after January 1, 2009 and before December 1, 2009.

Recapture

If home sold before 15 year repayment period ends, then outstanding balance of repayment amount recaptured on sale.

If home is sold within three years of purchase, entire amount of credit is recaptured on sale.  Applies only to homes purchased in 2009.

Termination

July 1, 2009  (But note program changes in 2009)

December 1, 2009

Effective Date

Purchases on or after April 9, 2008 and before January 1, 2009.  Repayment to begin for 2010 tax year.

All revisions are effective as of January 1, 2009

**This information is a brief overview about the home buyer tax credit and should be confirmed with the latest tax code and your accountant.

Verizon Wirless Expands in Colorado Springs!

Friday, January 23, 2009
by Alan Daniels

Verizon Wireless Building Colorado Springs

Verizon Wireless paid 6.4 million dollars for a property in Colorado Springs that was owned by Vitesse Semiconductor Corp at 4323 Arrowswest Drive.  The purchase included a 107,381-square-foot industrial building and 9 acres of neighboring land.  This is yet another good sign for the local Colorado Springs economy and will be a boost for real estate in Colorado Springs. 

Possible Addition to Peterson Air Force Base

Thursday, January 22, 2009
by Alan Daniels

Peterson Air Force Base is among 5 other military bases around the nation to house the 24th Air Force Unit which will fall under Air Force Space Command to oversee cyberspace warfare.  The Unit is in charge of global cyberwars.

The other finalists  for the 24th Air Force Unit are Barksdale Air Force Base, La., Lackland Air Force Base, Texas, Langley Air Force Base, Va., Offutt Air Force Base, Neb., and Scott AFB, Ill.  It will be interesting to see where they end up.

This would be great for the local economy in addition to the already expanding Fort Carson, which is in the process of doubling in size. 

John McCain, Sarah Palin, and Barack Obama in Colorado Springs!

Friday, September 05, 2008
by Alan Daniels

John McCain, Sarah Palin, and Barack Obama in Colorado Springs!

It is great to see so many candidates coming to Colorado Springs no matter what party you are affiliated or unaffiliated with! Many candidates have come to Colorado Springs, CO during the primaries leading up to the Democrat and Republican Conventions and plan to all the way to the presidential election.
 
Democratic Presidential Candidate Barack Obama visited Colorado Springs on July 2nd and addressed a crowd at UCCS (the University of Colorado at Colorado Springs). He used the opportunity to lay out his agenda on national service in the military and in civic service.  There are no future visits planned to Colorado Springs that are known of for Obama at this point.
 

Republican Presidential Candidate John McCain and his newly selected running mate Sarah Palin will be in Colorado Springs on Saturday, September 6 for a huge rally at the Colorado Jet Center (1575 Aviation Way in Colorado Springs). Doors will open about 9 a.m. with John McCain and Sarah Palin showing up around 11 a.m. The event is open to the public were free tickets can be found at the GOP headquarters for Colorado Springs. 

Colorado Springs Newspaper

Thursday, September 04, 2008
by Alan Daniels

We have had a number of people ask us about a Colorado Springs Newspaper.  There are a number of newspapers in Colorado Springs to chose from.  If you are looking for news and topics in a major newspaper or news specific to an area or topic Colorado Springs has it covered! 

General Newspapers for Colorado Springs:

The Gazette - Colorado Springs Newspaper       Colorado Springs Independent Newspaper

The Gazette is the largest newspaper circulated in the area and is one of the better papers I have seen in the state.  The Colorado Springs Independent is another newspaper that has a fairly large circulation for the area.  Follow the link below for more.

Specific Newspapers in Colorado Springs:

The Colorado Springs Business Journal is a great read that focuses on business and developement in Colorado Springs and the Pikes Peak Region.  You will also find Military specific newspapers for The Air Force Academy (Academy Spirit), Fort Carson (Mountaineer), Peterson Air Force Base (Space Observer), and Shriever Air Force Base (Schriever Sentinel).

Click Here For Links and Information To Colorado Springs Newspapers!

Fort Carson Soldiers Deployed to Iraq Wednesday

Thursday, September 04, 2008
by Alan Daniels

Fort Carson Colorado

Around 230 members of Fort Carson's 2nd Brigade Combat Team and 4th Infantry Division deployed to Iraq on Wednesday for 12-months.  Half of the troops have served in Iraq before and the other half are on their first tour of duty there.  Stay safe and thanks for your service to this country! 

Black Forest Real Estate Market Report For July 2008

Tuesday, August 26, 2008
by Alan Daniels
The beautiful Black Forest area on the northern edge of Colorado Springs was named by a German immigrant who noticed a striking resemblance with the many Ponderosa Pines found here and Germany's own famous Black Forest. 200,000 acres make up the large area in Black Forest, Colorado Springs. Homes in Black Forest can be found in a number of different styles and price ranges. Cathedral Pines, Flying Horse, Highland Park, Elkhorn Estates, Woodmen Hills, Palmer Divide, Park Forest Estates, Camelot, Sylvan Meadows, Red Fox Ridge, Abert Ridge, Eagle Wing Estates, Terra Ridge, Longview Estates, Forestgate, Blue Spruce Estates, High Forest Ranch, Black Forest Reserve, Wildwood Ranch Estates and Walden Preserve are just some of the neighborhoods within the Black Forest area.
Briargate Real Estate Market Report | Homes in Briargate
Black Forest Single Family Homes and Patio Homes:
 
Monthly Listing Activity For Black Forest Real Estate-
Available Homes in Black Forest – 472
Median List Price For Homes in Black Forest - $372,450
Average List Price For Homes in Black Forest - $470,152
Listings Added to Market in Black Forest- 104
Listings Pending Contract in Black Forest – 28
Expired/Withdrawn Listings in Black Forest – 90                    
 
Monthly Sales Activity For Black Forest Real Estate-
Black Forest Homes Sold – 39
Median Sales Price For Homes In Black Forest - $302,500
Average Sales Price For Homes In Black Forest - $304,339
Median List Price For Homes Sold In Black Forest - $310,000
Sold Price / List Price – 97.9%
Average Days On Market For Homes in Black Forest- 86        
 
Black Forest Condos and Townhomes:
 
Monthly Listing Activity For Black Forest Real Estate-
Available Condos and Townhomes in Black Forest – 0
Median List Price For Condos and Townhomes in Black Forest - 0
Average List Price For Condos and Townhomes in Black Forest - 0
Listings Added to Market in Black Forest- 0
Listings Pending Contract in Black Forest – 0
Expired/Withdrawn Listings in Black Forest – 0
 
Monthly Sales Activity For Black Forest Real Estate-
Black Forest Condos and Townhomes Sold – 0
Median Sales Price For Condos and Townhomes In Black Forest - N/A
Average Sales Price For Condos and Townhomes In Black Forest - N/A
Median List Price For Condos and Townhomes Sold In Black Forest - N/A
Sold Price / List Price – N/A
Average Days On Market – N/A
 
Black Forest Land / Lots:
 
Monthly Listing Activity For Black Forest Land-
Available Land / Lots in Black Forest – 304
Median List Price For Land / Lots in Black Forest - $200,000
Average List Price For Land / Lots in Black Forest - $262,509
Listings Added to Market in Black Forest- 0
Listings Pending Contract in Black Forest – 0
Expired/Withdrawn Listings in Black Forest – 0
 
Black Forest Rental Properties:
 
Monthly Listing Activity For Black Forest Rental Properties-
Available Rentals In Black Forest – 22
Median Rental Price in Black Forest - $1,497
Average Rental Price in Black Forest - $1,474
This representation is based in whole or in part on information from the Pikes Peak Association of Realtorsâ, the Colorado Springs Realtor Services Corp., or its PPMLS.  Neither the Association, the RSC, nor the PPMLS guarantees or is in any way responsible for its accuracy.  Data maintained by the PPMLS does not reflect all real estate activity in the market.
“Based on information from the Pikes Peak Realtor® Services Corp. (“RSC”), for the period July 1 through July 31, 2008.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

Northgate Colorado Springs Market Report For July 2008

Monday, August 25, 2008
by Alan Daniels
Northgate Colorado Springs is a wonderful area on the north end of Colorado Springs that has been popular for easy commutes and nice amenties.  Homes in NGT Colorado Springs can be found in a number of different price ranges.  Abert Estates, Falcons Nest, Falcon View, Flying Horse, Gleneagle, Greyhawk, Pleasant View Estates, Stone Crossing At Middle Creek, Northgate Highlands, Struthers Ranch, Sun Hills, Trail Ridge, and Wildwood are just a few of the neighborhoods that can be found in the Northgate Colorado Springs Area.  Here are the latest numbers.
Homes in Northgate Colorado Springs Real Estate 
Northgate Colorado Springs Single Family Homes and Patio Homes:
 
Monthly Listing Activity For Northgate Colorado Springs Real Estate-
Available Homes in Northgate Colorado Springs – 242
Median List Price For Homes in NGT Colorado Springs - $424,400
Average List Price For Homes in NGT Colorado Springs - $557,558
Listings Added to Market in NGT Colorado Springs - 37
Listings Pending Contract in NGT Colorado Springs – 17
Expired/Withdrawn Listings in NGT Colorado Springs – 61                    
 
Monthly Sales Activity For Northgate Colorado Springs Real Estate-
NGT Colorado Springs Homes Sold – 32
Median Sales Price For Homes In NGT Colorado Springs - $372,000
Average Sales Price For Homes In NGT Colorado Springs - $390,348
Median List Price For Homes Sold In NGT Colorado Springs - $397,000
Sold Price / List Price – 96.8%
Average Days On Market For Homes in NGT Colorado Springs- 107        
 
Northgate Colorado Springs Condos and Townhomes:
 
Monthly Listing Activity For Northgate Colorado Springs Real Estate-
Available Condos and Townhomes in NGT Colorado Springs – 17
Median List Price For Condos and Townhomes in NGT Colorado Springs - $255,400
Average List Price For Condos and Townhomes in NGT Colorado Springs - $260,316
Listings Added to Market in NGT Colorado Springs - 4
Listings Pending Contract in NGT Colorado Springs – 4
Expired/Withdrawn Listings in NGT Colorado Springs – 3
 
Monthly Sales Activity For Northgate Colorado Springs Real Estate-
NGT Colorado Springs Condos and Townhomes Sold – 8
Median Sales Price For Condos and Townhomes In NGT Colorado Springs - $223,673
Average Sales Price For Condos and Townhomes In NGT Colorado Springs - $231,265
Median List Price For Condos and Townhomes Sold In NGT Colorado Springs - $267,400
Sold Price / List Price – 83.4%
Average Days On Market – 51
 
Northgate Colorado Springs Land / Lots:
 
Monthly Listing Activity For Northgate Colorado Springs Land-
Available Land / Lots in NGT Colorado Springs – 27
Median List Price For Land / Lots in NGT Colorado Springs - $430,000
Average List Price For Land / Lots in NGT Colorado Springs - $545,188
Listings Added to Market in NGT Colorado Springs - 0
Listings Pending Contract in NGT Colorado Springs – 0
Expired/Withdrawn Listings in NGT Colorado Springs – 0
 
Northgate Colorado Springs Rental Properties:
 
Monthly Listing Activity For Northgate Colorado Springs Rental Properties-
Available Rentals in NGT Colorado Springs – 29
Median Rental Price in NGT Colorado Springs - $1,650
Average Rental Price in NGT Colorado Springs - $1,929
This representation is based in whole or in part on information from the Pikes Peak Association of Realtors, the Colorado Springs Realtor Services Corp., or its PPMLS.  Neither the Association, the RSC, nor the PPMLS guarantees or is in any way responsible for its accuracy.  Data maintained by the PPMLS does not reflect all real estate activity in the market.
“Based on information from the Pikes Peak Realtor® Services Corp. (“RSC”), for the period July 1 through July 31, 2008.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

Contact Information

The Daniels Team
RE/MAX Advantage Realty, Inc.
5590 N. Academy Blvd.
Colorado Springs CO 80918
719-268-8095
Fax: 719-548-5040
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