The El Paso County Assessor re-evaluates the value of homes in Colorado Springs every two years (on the odd year). The assessed market value of a home is based on the most recent comparable sales in the area. The only exception to the two year rule is if a homeowner finishes their basement or makes […]
Many home buyers and sellers in Colorado Springs become confused when it comes to property taxes. Hopefully this post will help clarify how property taxes are paid each year for a Colorado Springs home. Property taxes are paid in arrears. You actually pay your 2008 property taxes in 2009 since taxes are paid for the […]
Colorado Springs Real Estate – Market Report – Stetson Hills Subdivision – November 2008 Average List Price: $220,867 Average Days on Market (active listings): 113 days Home Inventory: 3.6 months Absorption Rate: 16.6% List Price vs. Sale Price Ratio: 98.3% Contact me for additional information about homes in the Stetson Hills subdivision of Colorado Springs. Providing real […]
Colorado Springs Real Estate – Market Report for Ridgeview at Stetson Hills – October 2008 Average List Price: $221,046 Average Days on Market (active listings): 104 days Home Inventory: 4.6 months Absorption Rate: 15% List Price vs. Sale Price Ratio: 98.8% Contact me for additional information about homes in the Ridgeview at Stetson Hills subdivision in […]
Utility costs are expected to increase this winter for homeowners in Colorado Springs which makes it even more important to ensure the warm air stays in your home and the cold air stays out. 1. Save money spent on your utility bill by sealing and caulking all areas prone to air leaks: around doors, windows, […]
With more short sales and bank owned properties in many neighborhoods across Colorado Springs, some homeowners have neglected yards and homes on their street. Unfortunately, bank owned and short sale properties often hurt the market values in an area or may impact your own home from selling if there is a neglected property is next […]
Dakota Ridge is located in the Northeast area of Colorado Springs and is also in School District 11. There are currently nine homes for sale in the Dakota Ridge Subdivision with the average list price at $373,566 and the average days on market sitting at 159 days. I previewed four homes for sale in this area […]
More and more home builders are going green when it comes to construction and making homes more energy efficient. Using green materials in your home not only is better for the environment but also for your home, your health, and your pocketbook! Check out the list below… 1. Use energy efficient appliances (indicated by their […]
When buying a home it is important to consider what the list price vs. sales price ratio is. Why is this statistic important? This ratio gives you an indicator of the percentage of the original list price people are paying for the homes in a given area. Let’s look at a scenario, if you have […]
Absorption rates are very handy in determining how a certain market is doing and giving an idea how long an average house will take to sell. Absorption rates are determined by a simple formula of the number of homes for sale on the market divided by the number of homes sold in a month, week etc. […]