Homes sales increased by 23% in El Paso County for the month of February when compared to January 2009. There were 68 additional single family home sales in February 2010 when compared to February 2009 (13.5% increase). There were also an additional 699 single family homes for sale in February 2009. Inventory levels are lower than […]
Home sales in El Paso County were highest during the summer months and lowest in the first quarter of the year. Looking back at 2009, the average sales price was lowest in November ($198,644) and highest in July ($231,457). Overall, the average sale price was much lower in 2009 than in 2008 due to the increased […]
Homes sales decreased by 25.5% in El Paso County for the month of January when compared to December 2009. There were 51 additional single family home sales in January 2010 when compared to January 2009 (12.3% increase). There were also an additional 805 single family homes for sale in January 2009. Inventory levels are lower than […]
Homes sales decreased by 21.5% in El Paso County for the month of December when compared to November 2009. There were 128 additional single family home sales in December 2009 when compared to December 2008. There were also an additional 1,000 single family homes for sale in December 2008. The average sale price ($223,143) and the […]
Yet another change that will affect investors who purchase Fannie Mae Real Estate Owned (REO) listings. Investors will not be allowed to submit an offer on an REO property until after it has been on the market for 15 days. Within the first 15 days, only bids from buyers who will occupy the home as their primary residence […]
Many home buyers in Colorado Springs obtain FHA financing for their home purchase and may be affected by the upcoming changes with FHA guidelines. FHA offers a low down payment requirement making it easier for many buyers to purchase a home; currently, home buyers can get into a home with 3.5% down. Although, the amount of the increase […]
Homes sales increased by 2.7% in El Paso County for the month of November when compared to October 2009. There were 295 additional single family home sales in November 2009 when compared to November 2008! There were also an additional 1,246 single family homes for sale in November 2008. Despite the market inventory being lower, home […]
If you plan on purchasing a home in foreclosure and do not plan on living in the home as your principal residence, you may be affected by the Colorado Foreclosure Protection Act. If a property falls under the Colorado Foreclosure Protection Act, investors are required to utilize a different contract when purchasing a home in foreclosure. According […]
Homes in the Briargate area are primarily located in School District 20. A total of 39 single family homes sold in the month of October with the average sale price of $275,636. The average days on market for homes that sold in October 2009 was 63 days. There are currently a total of 295 single family homes listed […]
Homes sales decreased by 6% in El Paso County for the month of October when compared to September 2009. There were 124 additional single family home sales in October 2009 when compared to October 2008. There were also an additional 1,388 single family homes for sale in October 2008. Despite the market inventory being lower, home […]