Colorado Springs CO Real Estate Blog

Check out this new Single-family property that I just posted on my Web site. It is at 8410 Ilex Dr. in Colorado Springs. This Single-family property has 4 bedrooms and 4 baths.

Check out this new Single-family property that I just posted on my Web site. It is at 8410 Ilex Dr. in Colorado Springs. This Single-family property has 4 bedrooms and 4 baths.

Check out this new Land property that I just posted on my Web site. It is at Forest Light Dr. in Colorado Springs.

If you are searching for homes located in the boundaries of Academy School District 20 take a look at our School District 20 resource page.  This resource allows you to search for homes for sale in D20, provides market trend information and School District 20 information and links along with an interactive school search map.

Check out this new Single-family property that I just posted on my Web site. It is at 4364 Team Roper Pl. in Colorado Springs. This Single-family property has 5 bedrooms and 4 baths.

Homes sales in the Colorado Springs region in the 4th quarter of 2009 continued to strengthen as we experienced our largest number of sales during the quarter since 2006.  Year over year, sales were up 33% in the 4th QTR while total inventory was down 20%!  This surge in sales is a very positive sign of a return of buyers to the market. Homes sales during the entire year was up 5% compared to 2008.  Sales in 2009 started slow for the first 6 months but surged during the second half.   With a 5% increase in annual sales, a 33% year over year increase in 4th QTR sales, and a 20% decline in total inventory, our market continues to improve. In the low-mid priced markets supply has greatly decreased and demand has increased.  With low interest rates, lower prices, and tax incentives, more buyers are entering the market.  With declining inventory levels in many price points sellers now have more leverage to position their home to sell quickly at a reasonable price.

I’ve just sold a Single-family property at 4825 Farthing Dr. in Colorado Springs. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

3rd Quarter Colorado Springs Area Home Sales and Total Inventory

The 3rd quarter continued to show strength as the Colorado Springs market continues to improve.  Year over year, sales were up 13% while total inventory was down 21%!  The Laura Kaan Team has been very successful in the difficult conditions we are experiencing in part because we work hard to better understand the overall market conditions which enables us to better empower our clients to stay ahead of the market and not end up chasing it.  Below are a few basic market statistics for existing single family homes in EL Paso County in the 3rd Quarter.With a 13% increase in sales and a 21% decline in total inventory, our market is returning to “normalized” conditions.  In the low-mid priced markets supply has greatly decreased and demand has increased.  With low interest rates, lower prices, and tax incentives, more buyers are entering the market.  With declining inventory levels in many price points sellers now have more leverage to position their home to sell quickly at a reasonable price.

I’ve just sold a Single-family property at 1071 Scarlet Oak Dr. in Colorado Springs. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

On Nov 6th, The President signed the bill that extends the $8,000 First-Time Homebuyer Tax Credit.  The new bill not only extends the credit for first-time homebuyers but also extends a tax credit to “current homeowners” who purchase a home.  Current homeowners who have lived in their current residence for 5 consecutive years and are repurchasing their next property can receive a $6,500 tax credit.  To be eligible for the $6,500 credit you must purchase a home priced no higher than $800,000 with an income cap of $125,000 (individual) and $225,000 for married couple.  The income cap is $75,000 (individual) and $150,000 (married) for the $8,000 First-Time Homebuyer Credit.  You must live in the home for 3 years or you will be required to repay the credit. To be eligible for the tax credit you must have an accepted sales contract in on a home prior to April 30th, 2010 and you have to close prior to June 30th.