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Housing by the Numbers in El Paso & Teller Counties

by Jason Daniels

HOUSING BY THE NUMBERS IN EL PASO AND TELLER COUNTIES

$209,900: Median single-family-home price in July, up 5.1 percent from a year earlier.

$237,029: Average single-family-home price in July, up 2.4 percent from a year earlier.

713: Number of single-family-home sales in July, down 24.6 percent from a year earlier.

5,955: Supply of single-family homes for sale in July, up 16 percent from a year earlier.

110: Number of single-family-home building permits in July, down 5.2 percent from a year earlier.

5.8 percent: Apartment vacancy rate in second quarter, down from 9.8 percent a year earlier.

$719.22: Average monthly apartment rent in Colorado Springs during second quarter, up from $717.65 a year earlier.

Sources: Pikes Peak Association of Realtors; Pikes Peak Regional Building Department; Colorado Division of Housing.  http://www.coloradosprings.com/articles/region-7001-prices-past.html

For further information about the real estate market in the Colorado Springs area contact Jason Daniels at RE/MAX Advantage for your own consultation meeting at 719-201-8052. www.jasondanielshomes.com

 

Tips on How to Successfully Invest in Real Estate in a Down Market

by Jason Daniels
With a volatile stock market and housing prices on the decline, many investors are looking to take advantage of the real estate down market. Although, as real estate pros know, real estate is the greatest wealth creator, knowing what, when and how to buy can scare off even the most seasoned professionals. Here are some tips for industry pros on how to successfully master today's changing real estate market

1. Make your money going-in when you buy (vs. sell).
The time to gain is on the front-end when you buy. Go against herd, play contrary to market. Buy something of extraordinary value when no one else wants it. Sell when fewer people are selling and buy when fewer are buying.

2. Being lucky means being ready.
In falling markets people need to sell more quickly, which means buyers can get a discount on the true market value. Buyers might consider taking out an equity line on their own home so they'll have easy access to cash and can quickly act on the best deals.

3. Buy quality.
When it comes to deals in the overcrowded condo market - look to buy in the projects that were built first during the recent boom. They are usually in the best locations vs. projects that were built later after the popularity of the first projects took off.

4. Don't be scared off by problems - these can often be the best opportunities for you. Market confusion is an ally - don't despair when problems arise in a real estate deal - often they present great financial opportunity. For example, if you took out a sub-prime mortgage and now are having a difficult time meeting the payment - re-negotiate the terms with your lender. They don't want to take back the property anymore than you want to foreclose.

5. Invest. Don't speculate.
Investing means you can rent it out vs. holding on to it just to hope it goes up. A good investment is one that you can rent out quickly to cover your mortgage and expenses - your short-term earnings, then sell when the market is right for significant capital gain. (You can't rent out or live in your bonds.)

6. Start with what you know.
For most people, residential properties are easier to understand, purchase and rent out. Start in your area - where you can be close to your investment. When the real estate market stabilizes, you can look to sell for a significant profit.

For further information about investing in real estate in the Colorado Springs area contact Jason Daniels at RE/MAX Advantage for your own consultation meeting at 719-201-8052. www.jasondanielshomes.com 

Great New Listing Near Military Bases

by Jason Daniels

Come check out this great new listing at 4380 Dooley Way in the Fountain Valley area of Colorado Springs. This home is unique & offers a vaulted floor plan with lots of ceiling fans. Enjoy the nice kitchen with ceramic tile floor, newer dishwasher, & walkout to the back yard & deck. There is a convenient main level laundry & new interior paint throughout as well as beautiful hardwood flooring in the hallway. There are 2 master bedrooms - 1 is located on the main level with an attached bath, the 2nd master is located on the upper level & also offers an attached bath. All of the bedrooms are spacious & all have walk-in closets. Other upgrades include a water softener, newer roof, some newer windows, new light fixtures & an insulated garage door. There is additional storage above garage & trailer or boat parking on the side of the house. The back yard is fenced & has an automatic sprinkler system, Aspen trees & mature landscaping - great for the kids & pets. Call 719-362-5555 & enter ext 10061 for 24 hour recorded info www.jasondanielshomes.com

 

5 Ways to Increase Your Home's Value

by Jason Daniels

5 Ways to Increase your Home's Value

1. Nice Curb Appeal: First impressions are the key! It says alot about the neighborhood & the home values. Neighborhoods with overgrown foliage, run-down yards, and chipped or faded paint usually do not have a great first impression & are fighting a losing battle when it comes to the values game.

2. Keep up with the Normal Maintenance & Necessary Repairs: Having a home requires regular maintenance and repairs & they are an important part of owning a home. Putting off repairs will get you nowhere when it comes to your home's value. Keep up with the repairs when they are needed. Fix the large projects before you list your home for sale. 

3. Update your Bathrooms: Bathrooms also help when it comes to keeping the home's value. Utility companies sometimes give rebates with the new low-flush toilets & they cost as little as $100. Showers & tubs can be replaced easily & make sure the bathrooms sparkle for all showings.

4. Update your Kitchen: Kitchens are where we spend alot of time & are a wonderful selling point of the home. Outdated kitchens will stand out like nothing else to buyers. Do your research when it comes to updating the kitchen because sometimes the seller can over improve the home & might not be able to re-coop their investment.    

5. Energy Efficient Homes: Buyers today are looking for homes that are energy efficient. Some examples are new Low E or insulated windows, low-flush toilets, energy star kitchen appliances, energy star furnace or water heaters, and having a suffuciently insulated attic are all inexpensive fixes & will save energy & money over the long haul. Check with your local utility company to see if they have a list of energy efficient appliances that they will give a rebate on - most utility companies will offer a rebate for energy efficient.

If you would like more information on the value of your home or would like a Complimentary Market Analysis for your home please give us a call at Jason Daniels & Associates at RE/MAX Advantage 719-268-8086 or visit our website at  http://www.coloradohomesvalue.com  We would love to assist you!

www.jasondanielshomes.com

Colorado Springs Real Estate Market Statistics for January 2011

by Jason Daniels

The following Colorado Springs Real Estate market statistics are for the month of January 2011. These stats include new and existing single family homes & patio homes. There is currently an 8.9 months supply of active inventory. Ideal inventory in a balanced market is 5.5 months. 

* 412 Sold Listings Sold
* $180,000 is the Median Sale Price
* $212,568 is the Average Sale Price
* 101 days is the Average days on market
* 9702% is the Sale Price vs: List Price

* 3,662 Total Active Listings
* $222,251 is the Median List Price
* $291,584 is the Average List Price
* 406 Pending Sales as of 1-31-2011

These statistics are based 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.  www.jasondanielshomes.com

Garden of the Gods Big Horn Sheep Day Feb 12, 2011

by Jason Daniels

Looking for something outdoors to do for FREE in Colorado Springs this February?? Come to the Big Horn Sheep Day at the Garden of the Gods on Saturday, February 12 from 10:00AM to 3:00PM

Bring the whole family for this FREE event which will offer activities for all age groups. Watch for the beautiful bighorn sheep in their own natural habitat in the Garden of the Gods Park! There will be Bighorn sheep presentations, guided nature walks through the Park, and lots of children's activities. All for FREE! Remember to bring your binoculars for up close viewing of the sheep!

Scheduled Nature Walks in the Park will be at 10:00AM, 11:00AM, 12:00PM, & 2:00PM.                                                                                                               

Other activities:

*Youth Wildlife Activity in the Theater 10:30-11:30 AM
*Bighorn Biology Presentation in the Theater 11:30-12:30 AM
*Zooperheros (live animals) from the Cheyenne Mtn. Zoo 1:00-2:00 PM
*A Bighorn Sheep Society Presentation 2:00-3:00 PM

For more information click the link http://www.coloradosprings.com/articles/gods-8535-nature-walks.html

 

www.jasondanielshomes.com

Fabulous BANK OWNED Home in Northcrest

by Jason Daniels

2921 Walton Creek Dr. 80922 – BANK OWNED

Prices really don't get any better than this. With the foreclosure crisis still in swing, NOW is the best time to buy a BANK OWNED home in Colorado Springs. This ranch home offers a vaulted & open floor plan with 5 bedrooms, 3 baths, a 3 car garage & 2628 sq. ft. of living space. Stay cool in the summer with the central A/C. Enjoy the spacious kitchen & nook with bay window to observe the outside. Entertain your friends in the formal dining room. There is a convenient main level laundry room & a cozy gas log fireplace in the living room. The basement is fully finished with a wet bar plus an additional gas fireplace & a walkout to the back patio & large fenced back yard. This house is priced to sell & won't last long. Call Jason Daniels Colorado Springs Real Estate Specialist at 719-201-8052

For more homes for sale please go to: http://www.coloradospringstophomes.com/

www.jasondanielshomes.com

 

 

Displaying blog entries 1-7 of 7

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Jason Daniels & Associates
Jason Daniels & Associates at RE/MAX Millennium
9362 Grand Cordera Pkwy Suite 100
Colorado Springs CO 80924
(719) 966-1500
(888) 351-1099