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Colorado Springs in Top 3 Cities with Largest Homes

by Alan Daniels

Homes in Colorado SpringsHomes in Colorado Springs on average are large in comparison to other comparable metro cities around the nation according to a a recent article from 24/7 Wall Street. In fact Colorado Springs ranks 3rd for home size when comparing to these other metro cities with 3 other Colorado cities making the Top 10 list. Here is the list.

Top 10 Cities for Largest Homes

  1. Provo | Orem, UT - Median SF: Median SF: 1,980
  2. Houston | The Woodlands | Sugar Land, TX - Median SF: 1,900
  3. Colorado Springs, CO - Median SF: 1,899
  4. Atlanta | Sandy Springs | Roswell, GA - Median SF: 1,872
  5. Raleigh, NC - Median SF: 1,871
  6. Boulder, CO - Median SF: 1,865
  7. Greeley, CO - Median SF: 1,854
  8. Fort Collins, CO - Median SF: 1,851
  9. Austin | Round Rock, TX - Median SF: 1,837
  10. Dallas | Fort Worth | Arlington, TX - Median SF: 1,828

Read more about the list here.

Northwest Colorado Springs Market Report For July 2008

by Alan Daniels
Northwest Colorado Springs is a beautiful area nestled into the foothills on the north end of Colorado Springs bodering the southern boundary of the Air Force Academy.  Homes in N/W Colorado Springs can be found in a number of different price ranges.  Discovery, Rockrimmon, Mountain Shadows, Peregrine, Pinecliff, Woodman Oaks and Woodstone are just a few of the neighborhoods that can be found in the Northwest Colorado Springs Area.  Here are the latest numbers.
 Northwest Colorado Springs Real Estate Market Report | Homes in Northwest Colorado Springs
Northwest Colorado Springs Single Family Homes and Patio Homes:
 
Monthly Listing Activity For Northwest Colorado Springs Real Estate-
Available Homes in Northwest Colorado Springs – 191
Median List Price  For Homes in N/W Colorado Springs - $379,900
Average List Price For Homes in N/W Colorado Springs - $445,974
Listings Added to Market in N/W Colorado Springs - 45
Listings Pending Contract in N/W Colorado Springs – 28
Expired/Withdrawn Listings in N/W Colorado Springs – 64                    
 
Monthly Sales Activity For Northwest Colorado Springs Real Estate-
N/W Colorado Springs Homes Sold – 37
Median Sales Price For Homes In N/W Colorado Springs - $289,900
Average Sales Price For Homes In N/W Colorado Springs - $319,295
Median List Price For Homes Sold In N/W Colorado Springs - $299,500
Sold Price / List Price – 96.9%
Average Days On Market For Homes in N/W Colorado Springs- 107        
 
Northwest Colorado Springs Condos and Townhomes:
 
Monthly Listing Activity For Northwest Colorado Springs Real Estate-
Available Condos and Townhomes in N/W Colorado Springs – 78
Median List Price For Condos and Townhomes in N/W Colorado Springs - $159,200
Average List Price For Condos and Townhomes in N/W Colorado Springs - $181,914
Listings Added to Market in N/W Colorado Springs - 19
Listings Pending Contract in N/W Colorado Springs – 8
Expired/Withdrawn Listings in N/W Colorado Springs – 20
 
Monthly Sales Activity For Northwest Colorado Springs Real Estate-
N/W Colorado Springs Condos and Townhomes Sold – 13
Median Sales Price For Condos and Townhomes In N/W Colorado Springs - $164,900
Average Sales Price For Condos and Townhomes In N/W Colorado Springs - $188,376
Median List Price For Condos and Townhomes Sold In N/W Colorado Springs - $164,900
Sold Price / List Price – 98.4%
Average Days On Market – 59
 
Northwest Colorado Springs Land / Lots:
 
Monthly Listing Activity For Northwest Colorado Springs Land-
Available Land / Lots in N/W Colorado Springs – 23
Median List Price For Land / Lots in N/W Colorado Springs - $175,000
Average List Price For Land / Lots in N/W Colorado Springs - $205,509
Listings Added to Market in N/W Colorado Springs - 0
Listings Pending Contract in N/W Colorado Springs – 0
Expired/Withdrawn Listings in N/W Colorado Springs – 0
 
Northwest Colorado Springs Rental Properties:
 
Monthly Listing Activity For Northwest Colorado Springs Rental Properties-
Available Rentals In N/W Colorado Springs – 30
Median Rental Price in N/W Colorado Springs - $1,045
Average Rental Price in N/W Colorado Springs - $1,381

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.”

Home Loan Pre-Qualification vs. Pre-Approval

by Alan Daniels

Home Loans In Colorado Springs

Pre-Qualification is the first step in the mortgage financing process. You will answer a few questions to provide the lender with a quick idea of your income, existing debt, total savings and information on any co-borrowers.
 
A Pre-Approval is a much stronger documentation as it is in writing and shows that you have the full support of the lender. It means the Loan Application has been completed and reviewed by an underwriter. This is very important in saving you any hiccups in the loan process leading up to closing. The underwriter will review your income, debt ratio, and savings. You will have an exact amount that you qualify for from this point. Another reason why pre-approval is necessary before viewing homes. A pre-approval looks much stronger to a potential home seller showing that the financing is in place, and may make the difference in getting a home that has multiple offers on it. A pre-qualification is nice, but a pre-approval is the best way to go from beginning to end.

Northwest Colorado Springs Market Report For June 2008

by Alan Daniels
Northwest Colorado Springs is a beautiful area nestled into the foothills on the north end of Colorado Springs bodering the southern boundary of the Air Force Academy.  Homes in N/W Colorado Springs can be found in a number of different price ranges.  Discovery, Rockrimmon, Mountain Shadows, Peregrine, Pinecliff, Woodman Oaks and Woodstone are just a few of the neighborhoods that can be found in the Northwest Colorado Springs Area.  Here are the latest numbers.
 Northwest Colorado Springs Real Estate Market Report | Homes in Northwest Colorado Springs
Northwest Colorado Springs Single Family Homes and Patio Homes:
 
Monthly Listing Activity For Northwest Colorado Springs Real Estate-
Available Homes in Northwest Colorado Springs – 211
Median List Price  For Homes in N/W Colorado Springs - $369,888
Average List Price For Homes in N/W Colorado Springs - $430,777
Listings Added to Market in N/W Colorado Springs - 65
Listings Pending Contract in N/W Colorado Springs – 26
Expired/Withdrawn Listings in N/W Colorado Springs – 42                    
 
Monthly Sales Activity For Northwest Colorado Springs Real Estate-
N/W Colorado Springs Homes Sold – 31
Median Sales Price For Homes In N/W Colorado Springs - $350,000
Average Sales Price For Homes In N/W Colorado Springs - $374,654
Median List Price For Homes Sold In N/W Colorado Springs - $356,500
Sold Price / List Price – 97.1%
Average Days On Market For Homes in N/W Colorado Springs- 111        
 
Northwest Colorado Springs Condos and Townhomes:
 
Monthly Listing Activity For Northwest Colorado Springs Real Estate-
Available Condos and Townhomes in N/W Colorado Springs – 79
Median List Price For Condos and Townhomes in N/W Colorado Springs - $158,900
Average List Price For Condos and Townhomes in N/W Colorado Springs - $175,020
Listings Added to Market in N/W Colorado Springs - 17
Listings Pending Contract in N/W Colorado Springs – 7
Expired/Withdrawn Listings in N/W Colorado Springs – 21
 
Monthly Sales Activity For Northwest Colorado Springs Real Estate-
N/W Colorado Springs Homes Sold – 8
Median Sales Price For Homes In N/W Colorado Springs - $118,500
Average Sales Price For Homes In N/W Colorado Springs - $114,812
Median List Price For Homes Sold In N/W Colorado Springs - $119,250
Sold Price / List Price – 101.6%
Average Days On Market – 50
 
Northwest Colorado Springs Land / Lots:
 
Monthly Listing Activity For Northwest Colorado Springs Land-
Available Land / Lots in N/W Colorado Springs – 23
Median List Price For Land / Lots in N/W Colorado Springs - $175,000
Average List Price For Land / Lots in N/W Colorado Springs - $207,691
Listings Added to Market in N/W Colorado Springs - 0
Listings Pending Contract in N/W Colorado Springs – 0
Expired/Withdrawn Listings in N/W Colorado Springs – 0
 
Northwest Colorado Springs Rental Properties:
 
Monthly Listing Activity For Northwest Colorado Springs Rental Properties-
Available Rentals In N/W Colorado Springs – 32
Median Rental Price in N/W Colorado Springs - $1,047
Average Rental Price in N/W Colorado Springs - $1,202

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 June 1 through June 30, 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.”

Colorado Springs Market Statistics For June 2008

by Alan Daniels

Are you looking at selling your Colorado Springs home? Take a look at the latest stats for the El Paso County market for the month of June. Below is the graph and details for current supply & demand (market saturation).  The total number of listings on market has gone down and so have total sales. 

Colorado Springs Real Estate Market Stats

Find out how much your home is worth in this market at www.COPropertyValues.com.

Fort Carson Expanding Buffer Zone

by Alan Daniels

Homes In Fort Carson

Fort Carson plans on expanding the buffer zone between Fort Carson and the Rancho Colorado area by purchasing land from current property owners. The best part is that the land will be purchased by the federal government without the use of county tax dollars or eminent domain. The El Paso County Board of Commissioners is involved in the approvals of the purchases where willing sellers will be selling land for the Fort Carson buffer zone. El Paso County has purchased 40 parcels of land in Rancho Colorado in 2006 and 2007 to keep a cushion from development on the southeastern border of the Rancho Colorado subdivisions. This should help protect the ongoing operations that Fort Carson needs to keep going without affecting the surrounding communities.

Evaluating Neighborhoods in Colorado Springs

by Alan Daniels
Are you getting ready to look at homes for sale in Colorado Springs and surrounding areas? This is a good time to choose which neighborhoods or areas you plan to buy in. Some of you may know exactly what areas you would like to live in. If you are not sure it will require some detailed research on areas and neighborhoods. Now is a good time to create a homebuyer checklist to rank priorities with community amenities you would like to have and those you must have. Take each area and neighborhood and weigh it against your priorities. Local amenities such as parks, trails, entertainment, shopping, hospitals, and other things that are important to your lifestyle should be considered in location. School locations and test scores should also be considered when looking at different areas. It is also recommended to research crime rates in and around the area by contacting the Colorado Springs Police Department and surrounding departments. This has been very helpful for many of my clients who have received information specific to the areas with detail down to the street and block. 
Next get out there and gain first-hand knowledge about each area’s access to transportation, and its proximity to schools, shopping and entertainment. Visit the area during peak commute hours to get a feel for traffic conditions and other related issues.
Remember that your Colorado Springs Realtor is your number one source for neighborhood and area information.   Your Real Estate Agent can set you up with a personal home search in Colorado Springs and surrounding areas and funnel the results down to your top areas. In addition to providing you with comparative market analysis data, a good Realtor can let you know how long home listings stay on the market, helping indicate a neighborhood’s desirability.  Your Realtor also is a neighborhood and area expert who can inform you on issues and amenities specific to the neighborhoods you're interested in, bringing to your attention matching neighborhoods you may not have known about or otherwise considered.
Neighborhood Evaluation Tools - Includes Colorado Springs, Monument, Fountain, ect.

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