Market report for 8/23/2008 through 9/23/2008 Ridgeview at Stetson Hills is an area located near the Powers Corridor just North of Stetson Hills in Colorado Springs. Homes in this area consist of ranch and 2-story floor plans and were built by various builders including: John Laing, Richmond American Homes, Melody Homes, and Pulte Homes. This subdivision is conveniently […]
FHA currently requires a minimum down payment of 3% from home buyers and beginning January 1, 2009, FHA will increase the requirement to 3.5%. If you are in the process of purchasing a home in Colorado Springs, the loan must close by December 31, 2008 in order to fall under the current guidelines (3% down payment). […]
Most lenders require a down payment in order to obtain a mortgage for a home in Colorado Springs. FHA loans only require 3% down from the buyer unlike many conventional loan products that require at least 10% down. Many buyers who do not qualify for down payment assistance programs and do not have available funds […]
There are many bank owned properties for sale in the Colorado Springs area and many buyers are seeking bank owned properties that are offered below market values in Colorado Springs. If you purchase a bank owned property, don’t forget to go over the check list below to ensure you don’t forget about the important details. […]
Vista Grande is located in the Northeast area of Colorado Springs. Homes in Vista Grande were built in the 1960’s and 1970’s and consist of bi-level, tri-level, and ranch floor plans. Although homes are older in this area of Colorado Springs, homeowners enjoy larger backyards and mature landscaping. There are many large trees in Vista […]
Market Report for Sundown May – July 2008 Absorption Rate: 5.0% Inventory: 4.2 months List Price vs. Sale Price Ratio: 98.8% Average List Price in Sundown: $195,176 Search the Pikes Peak MLS To find out more about Colorado Springs Realty and the Colorado Springs Area contact me or visit my website.
Market Report for Vista Mesa – May through July 2008 Absorption Rate: 2.33% Home Inventory: 3 months List Price vs. Sale Price Ratio: 96.9% Average List Price in Vista Mesa: $195,176 Search the Pikes Peak MLS To find out more about Colorado Springs Realty and the Colorado Springs Area contact me or visit my website.
Market Report for University Park May – July 2008 Absorption Rate: 2.33% Home Inventory: 6 months List Price vs. Sale Price Ratio: 96.4% Average List Price in University Park: $362,814 Search the Pikes Peak MLS To find out more about Colorado Springs Realty and the Colorado Springs Area contact me or visit my website.
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. […]