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Boomerang Buyers! What?

by Alan Daniels

TransUnion recently released the results of a new study titled “The Bubble, the Burst and Now - What Happened to the Consumer?”  The study shows that a substantial number of consumers (1.5 million) were effected by the housing crisis and are now reentering the housing market.  The next 3 years will continue to see an increase of home buyers as their situations improve and rent prices continue to rise.  Many of these home buyers are also wanting to reenter the market before home prices and interest rates effect the amount of home they can afford.

Home Buyers Colorado Springs

If you were one of the 5 million families effected by the housing crisis, now may be the time to jump ship from the increasing rent prices and own your own home again.

Pine Creek Homes For Sale in Colorado Springs

by Alan Daniels

Pine Creek Homes For Sale

Wolf Ranch Homes For Sale | Realtors

Checkout our new neighborhood page which showcases homes in Pine Creek!  I definitely recommend checking out this page if you live in and around the Pine Creek area or plan on moving to the Pine Creek area in Colorado Springs.  We will continue to update it with new information and up to date market reports, so make sure to bookmark it for continued visits.  This site provides helpful Pine Creek information on the following topics:

  • Pine Creek Neighborhood Information and Pictures.
  • Pine Creek Homes For Sale including resale homes, new homes, builders, foreclosures, short sales, latest price drops, newest listings and much more.
  • Pine Creek Townhomes, Condos, and Patio Homes for Sale.
  • The Daniels Team's Featured Listings In and Around Pine Creek.
  • Updated Pine Creek School Reports with Ratings, Test Scoring, Stats and More in Academy School District 20.
  • Pine Creek Home Values and Recent Home Sales In and Around the Neighborhood.
  • Pine Creek Parks and Recreation.
  • Pine Creek Demographics.
  • Pine Creek Climate.
  • Pine Creek Realtors - A Daniels Team Designated Market.
  • More to come so check it out!

Home Sales Bounce Back (Infographic)

by Alan Daniels

Colorado Springs Home Sales

  • Sales in December were 14.7% higher than those in November, which is the largest month-over-month increase ever recorded.  November sales were lacking as the new TRID guidelines that were finally implemented created a backlog of delayed closings nationwide which ended up carrying over to December closings.  It will be interesting to track where this goes over the following months.
  • Nationwide inventory levels are still below historic norms at 3.9-months supply while inventory is even lower in Colorado.
  • Nationwide median home prices are up 7.6% from last year, marking the 46th consecutive month with year-over-year price gains while Colorado has realized higher gains lead by Denver's housing market.

Bottom Line for Colorado Springs Homes - Inventory is going to remain very low and home prices are going to continue to maintain year over year gains.  Luxury homes in Colorado Springs and Monument will see an increase in buyers while buyers will still be able to find good value in the luxury market. 

Where Are Interest Rates Going in 2016?

by Alan Daniels

Interest Rate Forecast and Colorado Springs Homes For Sale

Colorado Springs Home Loans - Interest Rates

Prices of homes in Colorado Springs and interest rate forecasts are extremely important to consider this year. Thinking of buying a home in 2016 or know someone who is? Rates are forecasted to go up as are home prices in Colorado Springs which could quickly effect the amount of home you'll be able to buy. Take a look at this projection chart above and see if finding a home in 2016 makes financial since to you or anyone else you know who is on the fence.

Houses in Colorado Springs are going up in value while rents are rising at massive rates so make sure to take action and begin researching your options.

New Home Building up in 2016!

by Alan Daniels

Listing inventory is extremely low and will continue to be in 2016 which is why Colorado Springs home builders will push to build the most new homes annually since 2006.  How will this effect your plans?

Home Sellers - This will create additional inventory but with the extreme lack of inventory it should not rain on your parade in 2016.  It will be interesting to track the effects of home builder inventory over the next 5 years though.  If you have a home in a new home community you will need a good Colorado Springs Realtor to come up with effective marketing techniques to compete with new homes.

Home Buyers - Additional inventory is great news for you!  The more the better they say and the same holds true when trying to find your dream home.  Make sure you are working with a Realtor who has access to every resale property and new home option.  When looking at new homes your Real Estate Agent should be able to show you the pluses and minuses whether buying a new home or resale.

Contact us today to put a plan together for you.

Effect of Foreclosures in Colorado

by Alan Daniels

Home values are on the rise in Colorado putting us at the lowest foreclosure levels in approximately 8 years!  Colorado has one of the lowest rates for foreclosure around the nation which has contributed to the states extremely low housing inventory.  Great news for those looking to sell their home as we have all seen those frustrating sales in our neighborhood where the banks gave away properties at a super low price.  Have you seen the latest sold properties in your neighborhood? I bet you'd be presently surprised.  Click here to view home values in your neighborhood.

Colorado Springs Foreclosures

Click Here to see all Colorado Springs Foreclosures For Sale

You've Gained More Home Equity Than You Think

by Alan Daniels

Many homeowners are unaware of how much the equity in their home has increased.  In fact, many homeowners are waiting to move for this very reason.  Maybe looking to downsize, upsize, relocate, etc.  97.2% of homeowners in Colorado have positive equity and that percentage is expected to grow in 2016.  Great time to sell before interest rates go up.  Checkout these helpful infographics with the details and feel free to request a complimentary Home Equity Report.

Colorado Springs Home Equity

Colorado Springs Real Estate Market Stats - September

by Alan Daniels

Checkout these Colorado Springs Market Stats (El Paso County and Teller County).

  • New Listings were up 3.3 percent for single family-patio homes but decreased 9.0 percent for townhouse-condo properties.
  • Pending Sales increased 80.1 percent for single family-patio homes and 66.2 percent for townhouse-condo properties.
  • The Median Sales Price was up 7.6 percent to $242,050 for single family-patio homes and 6.3 percent to $159,500 for townhouse- condo properties.
  • Days on Market decreased 15.7 percent for single family-patio homes and 17.1 percent for townhouse-condo properties.

With positive economic news coming from many angles, there are no imminent factors to prepare for beyond the typical seasonal drop-off. From the months of market-analyzing pundits, we are in the midst of one of the healthiest housing markets in the past 15 years. The one thing we were anticipating in September, an increase in interest rates, did not happen. It most likely will before year's end. Until then, get out and enjoy the season.  Be sure to download the Free Detailed Reports below.

Click below to Download The Free Reports!

Free Colorado Springs Market Stats Report

Free Colorado Springs Market Stats Report By MLS Area

 

 

 

 

 

 

 

 

 

Decline in Colorado Springs Foreclosures

by Alan Daniels

​Colorado Springs Foreclosures are down 11% from last month according to an article in The Gazette and are on a roll to be at the lowest level in 14 years.  This is a great sign for the market and is a product of the much improved Colorado Springs real estate market.  A better job market, increased property values, lack of supply, and increase in housing demand are the main reasons for this great news.  

This is great news for homeowners trying to avoid foreclosure who are listing homes with Colorado Springs Short Sale Agents.  Short sales are still hitting the market but the number has gone down following the trend of foreclosures.

This is bad news for investors trying to find Colorado Springs Foreclosures and Short Sales but if they use the right tools to get a jump on listings they should have a chance.

Resources and Tools:

 

Home Prices in Flying Horse For April 2015

by Alan Daniels

Home Prices in Flying Horse Colorado Springs for 2015 (YTD)

Real estate market data for Flying Horse Colorado Springs provided by Alan Daniels of The Daniels Team at RE/MAX Advantage.

Flying Horse Home Prices

 

Home Sales in Flying Horse have increased significantly in 2015! Up 200% to 40 closings year to date compared to 20 closings last year (YTD end of April). Inventory is up by 12 listings compared to this time last year but it is still a favorable reduction in market saturation based on the huge increase in sales.  This may be the optimal time to buy or sell a home before interest rates go up. Don’t wait on the sidelines for too long, many of our listings are selling within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have a top Colorado Springs Real Estate Agent that does a thorough market analysis of the Flying Horse home on which you are making an offer.



 

If you are interested in how much current inventory is on the market in Flying Horse you can find that information instantly by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in Flying Horse, homes have a median time of 120 days on the market before they sell which is up 19 days from this time last year. This would suggest that buyers are in a decent position to offer slightly less then asking on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Flying Horse has created an environment where multiple offers could come in on homes. Homes in Flying Horse are finally starting to move again as more home buyers are qualifying for loans. 

 

Flying Horse Real Estate Report Summary

Free Colorado Springs Coummity Reports

  • The median list price in April for all single family homes in Flying Horse is $514,900. The list prices increased by 14% from this time last year.
  • The average list price per square foot for listings in this area is $134.00.
  • The median sale price YTD for single family homes is $500,000. The sale prices increased by 12.36% from this time last year.
  • The average price per square foot for sales in this area is $131.00.
  • The median days on market is 120 Days.

 

 

 

Find Homes for Sale in Flying Horse Colorado Springs

Visit our website to search for homes in Flying Horse or to be notified when Flying Horse homes come on the market.

To find out what your home is worth in the current market Click Here or call 719-357-8550.

Displaying blog entries 1-10 of 26

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