Corado Springs Colorado Real Estate News & Listings Presented By RE/MAX Advantagehttp://www.jasondanielshomes.comWed, 10 Mar 2010 21:13:10 GMTWonderful 2 Story Home on .21 Acre Lot

Open & bright floor plan * Hardwood entry * Lg kitchen w/ ceramic tile floor, breakfast bar, desk, pantry, & walkout to patio * Vaulted family room w/ gas fireplace * Formal dining room * Bay window in living room * Large master w/ walk in closet & attached 5 pc bath * Main level laundry * Fully finished basement w/ office, wet bar, 5th bdrm & bath * Vinyl windows throughout * Central A/C * Newer roof * Large back yard w/ oversized patio, shed & playhouse. Call 1-866-877-3030 ext. 1212 for recorded info & price. Call Jason Daniels Colorado Springs Real Estate Specialist at 719-201-8052

]]>http://www.jasondanielshomes.com/property/5325-Whip-Colorado-Springs-Coloradohttp://www.jasondanielshomes.com/property/5325-Whip-Colorado-Springs-ColoradoSat, 06 Mar 2010 12:00:24 GMTVery Nice Rancher in Stetson Hills

HUD REPO - $100 DOWN – * 3 bedrooms, 2 bathrooms, 1648 sq. ft. & 2 car garage * Formal living & dining rooms * Main level laundry * Convenient to shopping, schools, parks & entertainment * Sold “as is”. Call Jason Daniels Colorado Springs Real Estate Specialist at 719-201-8052   

]]>http://www.jasondanielshomes.com/property/5656-Mesa-Mountain-Way-Colorado-Springs-Coloradohttp://www.jasondanielshomes.com/property/5656-Mesa-Mountain-Way-Colorado-Springs-ColoradoWed, 03 Mar 2010 20:47:57 GMTGreat Vaulted, Open & Bright 4 Level Home

HUD REPO - $100 DOWN – 3 bedrooms, 2 bathrooms, 1434 sq. ft. & 2 car garage * Formal living & dining rooms * Lower level laundry * Convenient to shopping, schools, parks & entertainment * Sold “as is”. Call Jason Daniels Colorado Springs Real Estate Specialist at 719-201-8052   

]]>http://www.jasondanielshomes.com/property/5265-Quasar-Court-Colorado-Springs-Coloradohttp://www.jasondanielshomes.com/property/5265-Quasar-Court-Colorado-Springs-ColoradoWed, 03 Mar 2010 20:27:04 GMTTri-level Home in Rustic Hills

HUD REPO - $100 DOWN – * 3 bedrooms, 1 bath, 1099 sq. ft. & 1 car garage * Almost ¼ acre lot with mature trees * Convenient to shopping, schools & parks * Sold “as is”. Call Jason Daniels Colorado Springs Real Estate Specialist at 719-201-8052   

]]>http://www.jasondanielshomes.com/property/1015-Gilfin-Circle-Colorado-Springs-Coloradohttp://www.jasondanielshomes.com/property/1015-Gilfin-Circle-Colorado-Springs-ColoradoWed, 03 Mar 2010 18:07:57 GMTHUD REPO - $100 DOWN

1.5 story home on level .19 acre lot in Briargate * 3 bedrooms, 2 bathrooms, 2 car garage & 1485 sq. ft. * Main level laundry * District 20 schools * Sold “as is”. Call Jason Daniels Colorado Springs Real Estate Specialist at 719-201-8052   

]]>http://www.jasondanielshomes.com/property/3645-Fair-Dawn-Drive-Colorado-Springs-Coloradohttp://www.jasondanielshomes.com/property/3645-Fair-Dawn-Drive-Colorado-Springs-ColoradoWed, 03 Mar 2010 18:03:51 GMTTri Level Home in Village Seven on .19 Acre Lot

HUD REPO - $100 DOWN – * 4 bedroom, 3 baths, 1760 sq. ft. plus an attached 2 car garage * Great yard with covered deck * Close to schools, Parks & Powers Corridor * Sold “as is”. Call Jason Daniels Colorado Springs Real Estate Specialist at 719-201-8052 

]]>http://www.jasondanielshomes.com/property/3080-Whileaway-Circle-Colorado-Springs-Coloradohttp://www.jasondanielshomes.com/property/3080-Whileaway-Circle-Colorado-Springs-ColoradoMon, 01 Mar 2010 21:59:22 GMTTwo Story with 3 Car Garage in Constitution Hills

HUD REPO - $100 DOWN – * 4 bedrooms, 3 baths, 3 car garage & over 1900 sq. ft. * Large .19 acre yard * Sold “as is”. Call Jason Daniels Colorado Springs Real Estate Specialist at 719-201-8052   

]]>http://www.jasondanielshomes.com/property/2635-Tibburn-Way-Colorado-Springs-Coloradohttp://www.jasondanielshomes.com/property/2635-Tibburn-Way-Colorado-Springs-ColoradoMon, 01 Mar 2010 21:29:05 GMTGreat Townhome Located at Courtyards at Newport

HUD REPO - $100 DOWN –  * Gated community * 2 bedrooms, 3 baths & 2 car garage * Ground floor unit * Low maintenance stucco exterior * Convenient to shopping, schools & parks! Call Jason Daniels Colorado Springs Real Estate Specialist at 719-201-8052   

 

]]>http://www.jasondanielshomes.com/property/7074-Sand-Crest-View-Colorado-Springs-Coloradohttp://www.jasondanielshomes.com/property/7074-Sand-Crest-View-Colorado-Springs-ColoradoMon, 01 Mar 2010 20:28:26 GMTCute Townhome in Nice Complex

HUD REPO - $100 DOWN – Wonderful complex with swimming pool * 2 bedrooms, 1 bath, 919 sq. ft. ranch style townhome * 1 car carport * Near walking trails * Convenient to shopping, parks & schools. Call Jason Daniels Colorado Springs Real Estate Specialist at 719-201-8052   

 

]]>http://www.jasondanielshomes.com/property/2613-Hearthwood-Lane-Colorado-Springs-Coloradohttp://www.jasondanielshomes.com/property/2613-Hearthwood-Lane-Colorado-Springs-ColoradoFri, 26 Feb 2010 22:51:28 GMTWonderful Rancher in The Villages at Sand Creek

One level living in this 3 bedroom, 2 bath rancher * 3rd bedroom can be used as an office * Large eat-in kitchen with pantry and walk out * Living room with gas log fireplace & vaulted ceilings * Fenced back yard * Close to Peterson and Fort Carson. Call Jason Daniels Colorado Springs Real Estate Specialist at 719-201-8052
]]>http://www.jasondanielshomes.com/property/716-Prairie-Star-Circle-Colorado-Springs-Coloradohttp://www.jasondanielshomes.com/property/716-Prairie-Star-Circle-Colorado-Springs-ColoradoThu, 25 Feb 2010 22:06:53 GMTColorado Springs Local Market Update - January 2009
Presented by: Jason Daniels
my picture logo
 
For the Colorado Springs Area
LISTING AND SALES SUMMARY
For the Colorado Springs Area
December 2008
 

                                                       All Homes

 

 

 

 

                                            Existing Homes

 

MONTHLY SUMMARY

 

 

 

 

 

 

 

 

 

 

 

 

Nov 2008

Dec 2008

% +/-

Dec 2007

% +/-

 

Nov 2008

Dec 2008

% +/-

Dec 2007

% +/-

SINGLE FAMILY/PATIO HOMES:

 

 

 

 

 

 

 

 

 

 

New Listings

951

892

(6.2)

980

(9.0)

 

878

792

(9.8)

855

(7.4)

 

Sales

499

495

(0.8)

644

(23.1)

 

445

461

3.6

506

(8.9)

 

Ave. Sales Price

$213,466

$227,376

6.5

$253,965

(10.5)

 

$197,871

$219,796

11.1

$229,741

(4.3)

 

Median Sales Price

$187,000

$180,000

(3.7)

$214,882

(16.2)

 

$178,900

$174,200

(2.6)

$189,950

(8.3)

 

Total Active

5,547

4,951

(10.7)

5,385

(8.1)

 

4,897

4,332

(11.5)

4,648

(6.8)

 

 

 

 

 

 

 

 

 

 

 

 

 

CONDO/TOWNHOMES:

 

 

 

 

 

 

 

 

 

 

 

 

New Listings

140

139

(0.7)

160

(13.1)

 

125

104

(16.8)

110

(5.5)

 

Sales

62

71

14.5

87

(18.4)

 

48

54

12.5

43

25.6

 

Ave. Sale Price

$154,641

$137,098

(11.3)

$167,589

(18.2)

 

$131,944

$123,230

(6.6)

$129,161

(4.6)

 

Median Sale Price

$146,250

$137,500

(6.0)

$162,321

(15.3)

 

$114,950

$119,500

4.0

$123,650

(3.4)

 

Total Active

853

775

(9.1)

888

(12.7)

 

676

614

(9.2)

678

(9.4)

 

 

 

 

 

 

 

 

 

 

 

 

 

CUMULATIVE YTD SUMMARY

 

 

 

 

 

 

 

 

 

 

 

 

Jan-Dec 2008

 

Jan-Dec 2007

% +/-

 

 

Jan-Dec 2008

 

Jan-Dec 2007

% +/-

SINGLE FAMILY/PATIO HOMES:

 

 

 

 

 

 

 

 

 

 

New Listings

 

17,770

 

20,705

(14.2)

 

 

16,447

 

18,880

(12.9)

 

Sales

 

8,339

 

9,995

(16.6)

 

 

7,557

 

8,841

(14.5)

 

Ave. Sales Price

 

$239,204

 

$259,629

(7.9)

 

 

$227,546

 

$245,670

(7.4)

 

Volume

 

$1,994,722,156

 

$2,594,991,855

(23.1)

 

 

$1,719,565,122

 

$2,171,968,470

(20.8)

 

 

 

 

 

 

 

 

 

 

 

 

 

CONDO/TOWNHOMES:

 

 

 

 

 

 

 

 

 

 

 

New Listings

 

2,559

 

2,961

(13.6)

 

 

2,106

 

2,483

(15.2)

 

Sales

 

1,097

 

1,451

(24.4)

 

 

868

 

1,123

(22.7)

 

Ave. Sales Price

 

$158,030

 

$172,580

(8.4)

 

 

$144,656

 

$157,173

(8.0)

 

Volume

 

$173,358,910

 

$250,413,580

(30.8)

 

 

$125,561,408

 

$176,505,279

(28.9)
 
For the Colorado Springs Area
What Does This Mean?
 
We are seeing a 23.1% decrease in the number of sales from this time last year, however there are 8.1% less listings on the market which means the market is still correcting.  The average sales price has decreased again by 10.5% compared to December 2007, however the median sales price is down by only 16.2% due to the lack of luxury home sales.  The statistics still show a market lull, but our local market is still beating the national average and seems to be somewhat improving. Buyers still have more choice and can be more selective.  Sellers need to make sure their homes are priced correctly and are in excellent condition to be competitive.  Homes in great condition with competitive prices are still selling relatively quickly.  It's still a beauty contest and price war for Sellers.  Sellers who really need to sell are dropping their prices in line with the market.  If you need to sell now, don't wait until  spring or summer as there will be more inventory to compete with as well as possible continued downward pressure on prices.  Those who don't need to sell might want to wait a couple of years, unless they want to buy up and get a big discount on a move-up home.  It's also a great time to invest in real estate and expand your retirement portfolio. While prices and interest rates are at am all time low.
 
Now is still a great time to buy with more selection and interest rates still at all time historical lows.  If you would like a list of homes available within your criteria visit www.allcoloradospringslistings.com
-or-
If you would like a CMA on your current home visit www.coloradohomesvalue.com
 
Selling in a Buyer's Market

Even in a slower market, the good homes go fast! Smart sellers are realizing that a proactive selling strategy can go a long way in getting their home sold, even when inventories are high. Here are three tips for today’s sellers:

  1. Price your home right. Markets change, so don’t be influenced by last year’s selling activity and home prices. Buyers will evaluate your home based on what others are selling for today, so make sure you know the market and price your home accordingly.
  2. Make your home shine. Buyers like to envision a home they can move right into. Clean carpets, fresh paint, and a nicely landscaped yard can go a long way to make perspective buyers feel at home.
  3. Anticipate the selling season. Many sellers wait for the market to pick up before they place their home for sale, but smart sellers anticipate these seasonal adjustments and list their homes early in the sales cycle. Give yourself the best opportunity by placing your home on the market before everyone else does!

Whether you’re looking to sell today or are thinking of selling tomorrow, please feel free to call and ask for a computer analysis of our recent market activity. We would be more than happy answer any questions you might have.  www.coloradohomesvalue.com

Mortgage Rates Drop

The Federal Reserve pushed interest rates lower in December, and mortgage rates quickly followed. According to Freddie Mac, the national average for a conventional 30-year fixed-rate loan fell from 6.1 percent in November to 5.19 percent in late December, the lowest rate on record dating back to 1971. The Fed's actions reflect the government's ongoing commitment to stabilize the economy.

In other news, existing home sales decreased according to a December report published by the National Association of REALTORS (NAR). Existing home sales activity was revised downward to 4.49 million units, representing a 10.6 percent decrease from the same time a year ago. Existing-home sales include single family homes, townhomes, condos, and co-ops.

Lawrence Yun, NAR chief economist, expected a decline and added, "We hope the home sales impact from the stock market crash turns out to be short-lived, as was the case in 1987 and 2001."

For Sale: $175,000
 
 
RE/MAX Advantage, 5590 N Academy Blvd., Colorado Springs , CO, 80918
]]>http://www.jasondanielshomes.com/Blog/Colorado-Springs-Local-Market-Update-January-2009http://www.jasondanielshomes.com/Blog/Colorado-Springs-Local-Market-Update-January-2009Mon, 19 Jan 2009 12:51:00 GMTIs Denver Broncos Head Coach Mike Shanahan Really Fired?
Pat Bowlen was quoted saying "After giving this careful consideration, I have concluded that a change in our football operations is in the best interests of the Denver Broncos. This is certainly a difficult decision, but one that I feel must be made and which will ultimately be in the best interests of all concerned.  I appreciate the 21 years that Mike Shanahan has given to the organization as an assistant and head coach, and the two Super Bowl wins in that time," Bowlen said in the statement. "His contributions hold a special place in Broncos history."

Bowlen said that the team will hold a news conference on Wednesday morning to make the announcement, and Shanahan will speak shortly thereafter

Mike has been head coach of the Broncos since 1995 with a winning record of 146-89 and two back to back Super Bowl Championships in 1998 and 1999.

Do you think this is the right move for the Broncos or do think  Shanahan should have been able to finish out the two years in his contract with Cutler at the helm?

Feel free to post your comments on this blog.


To look at homes for sale in Colorado Springs visit www.allcoloradospringslistngs.com]]>http://www.jasondanielshomes.com/Blog/Is-Denver-Broncos-Head-Coach-Mike-Shanahan-Really-Firedhttp://www.jasondanielshomes.com/Blog/Is-Denver-Broncos-Head-Coach-Mike-Shanahan-Really-FiredTue, 30 Dec 2008 16:29:00 GMTFed Cuts Interest Rate to a Historic LowThe Fed’s rate cut was larger than expected.   The move highlighted the Fed’s determination to act aggressively along with the reality that the U.S. recession is deepening rapidly.

In theory, the Fed’s action should reduce the cost of borrowing for consumers and businesses, since the prime rate-what banks charge their best customers-moves in tandem with the federal funds rate.

The prime rate typically influences rates for car loans, student loans, credit cards and other debt. With Tuesday’s cut, the prime rate is expected to fall to 3.0 to 3.25% from 4%.  This move to cut rates had a positive effect on Wall Street earlier this week with positive gains.

The Fed has little room left to maneuver on interest-rate policy now and will use other tools.   The Fed statement said that the central bank was weighing the possibility of purchasing long-term Treasury bonds, which would drive down their yield and make other investments such as corporate and municipal bonds more attractive.

The Fed’s statement also said that it will extend credit to households and small businesses early next year. Other experts think that the Fed will increase its purchases of troubled assets to unclog credit markets.

The Fed already has become the buyer of last resort for financial products that aren’t moving in today’s frozen credit markets. It’s bypassed banks and is purchasing short-term promissory notes issued by big U.S. corporations, called commercial paper. It’s also announced plans to buy pooled car loans, student loans and credit card debt, collectively called asset-backed securities.

In another creative step to boost the housing market, the central bank also has been purchasing pooled mortgages-called mortgage-backed securities-and debt issued by Fannie Mae and Freddie Mac, the mortgage finance giants that the government seized in September. The senior Fed official said that efforts to purchase mortgages backed by Fannie Mae and Freddie Mac were being ramped up.

It appears for now that the governments actions and aggressive decisions have helped the economy from slipping any further at this point in time.  With a new president in the White House, a new Senate, and new  House of Representatives taking over in a few weeks it is unknown if these actions will have a long term effect on the U.S. economy.

Now is definitely a great time to buy real estate.  First time home buyers, move-up buyers looking for a larger or nicer home, investors, and anyone else who wants to take advantage of these historically low rates and low home prices.  The interest rates for a 30 year fixed loan have been hovering around 5.0%.  On average, for every $100,000 in a loan, a buyer will save around $100 per month with a loan at 5% when compared to a 6% interest rate.  That is real money saved in your pocket, or if gives you more purchasing power when selecting a home.   That extra $100 per month would allow a buyer around $14,000 more purchasing power.]]>http://www.jasondanielshomes.com/Blog/Fed-Cuts-Interest-Rate-to-a-Historic-Lowhttp://www.jasondanielshomes.com/Blog/Fed-Cuts-Interest-Rate-to-a-Historic-LowFri, 19 Dec 2008 15:24:00 GMTColorado Springs Local Market Update - December 2008
Presented by: Jason Daniels
my picture logo
 
For the Colorado Springs Area
LISTING AND SALES SUMMARY
For the Colorado Springs Area
November 2008
 
                                                       All Homes                                                     Existing Homes  
MONTHLY SUMMARY                    
    Oct 2008 Nov 2008 % +/- Nov 2007 % +/-   Oct 2008 Nov 2008 % +/- Nov 2007 % +/-
SINGLE FAMILY/PATIO HOMES:                    
  New Listings 1,302 951 (27.0) 1,211 (21.5)   1,210 878 (27.4) 1,113 (21.1)
  Sales 649 499 (23.1) 667 (25.2)   585 445 (23.9) 574 (22.5)
  Ave. Sales Price $230,012 $213,466 (7.2) $252,074 (15.3)   $216,759 $197,871 (8.7) $238,724 (17.1)
  Median Sales Price $189,000 $187,000 (1.1) $207,500 (9.9)   $181,500 $178,900 (1.4) $199,850 (10.5)
  Total Active 5,841 5,547 (5.0) 5,967 (7.0)   5,167 4,897 (5.2) 5,168 (5.2)
                         
CONDO/TOWNHOMES:                      
  New Listings 166 140 (15.7) 160 (12.5)   146 125 (14.4) 128 (2.3)
  Sales 83 62 (25.3) 85 (27.1)   69 48 (30.4) 71 (32.4)
  Ave. Sale Price $149,204 $154,641 3.6 $138,036 12.0   $146,128 $131,944 (9.7) $125,834 4.9
  Median Sale Price $132,000 $146,250 10.8 $130,000 12.5   $118,297 $114,950 (2.8) $121,000 (5.0)
  Total Active 889 853 (4.0) 970 (12.1)   689 676 (1.9) 755 (10.5)
                         
CUMULATIVE YTD SUMMARY                  
      Jan-Nov 2008   Jan-Nov 2007 % +/-     Jan-Nov 2008   Jan-Nov 2007 % +/-
SINGLE FAMILY/PATIO HOMES:                    
  New Listings   16,881   19,730 (14.4)     15,648   18,029 (13.2)
  Sales   7,844   9,351 (16.1)     7,096   8,335 (14.9)
  Ave. Sales Price   $239,951   $260,019 (7.7)     $228,050   $246,637 (7.5)
  Volume   $1,882,175,644   $2,431,437,669 (22.6)     $1,618,242,800   $2,055,719,395 (21.3)
                         
CONDO/TOWNHOMES:                    
  New Listings   2,422   2,803 (13.6)     2,003   2,374 (15.6)
  Sales   1,026   1,365 (24.8)     814   1,080 (24.6)
  Ave. Sales Price   $159,478   $172,923 (7.8)     $146,078   $158,288 (7.7)
  Volume   $163,624,428   $236,039,895 (30.7)     $118,907,492   $170,951,040 (30.4)
 
For the Colorado Springs Area
What Does This Mean?
 
 
We are seeing a 27% decrease in the number of sales from this time last year, however there are 5% less listings on the market which means the market is correcting.  The average sales price has decreased again by 7.2% compared to November 2007, however the median sales price is down by only 1.1%.  The statistics still show a market lull, but our local market is still beating the national average and seems to be somewhat improving. Buyers still have more choice and can be more selective.  Sellers need to make sure their homes are priced correctly and are in excellent condition to be competitive.  Homes in great condition with competative prices are still selling relatively quickly.  It's still a beauty contest and price war for Sellers.  Sellers who really need to sell are dropping their prices in line with the market.  If you need to sell now, don't wait until  next spring as there will be more inventory to compete with as well as possible continued downward pressure on prices.  Those who don't need to sell might want to wait a couple of years, unless they want to buy up and get a big discount on a move-up home.  It's also a great time to invest in real estate and expand your retirement portfolio..
 
Now is still a great time to buy with more selection and interest rates still at all time historical lows.  If you would like a list of homes available within your criteria visit www.allcoloradospringslistings.com
-or-
If you would like a CMA on your current home visit www.coloradohomesvalue.com
 
Make Room for the Holidays

The holiday season is upon us, and motivated buyers and sellers have a unique opportunity in today's market. Many home buyers have year-end moving goals, and sellers should do what they can to make their homes visitor-ready for potential buyers!  Here are a few tips to keep in mind this season:Welcome buyers:

  • Create a warm and inviting atmosphere: Tasteful seasonal decorations, scented candles, holiday potpourri, and fresh-baked cookies can heighten the experience.
  • Be flexible:  There are a million and one things to do this season, and sometimes it can be difficult to make room for showings.  By doing what you can to accommodate a buyer's schedule, you increase the odds of selling your home. 
  • Take a walk:  When your home is being shown, go for a drive or a walk. Take yourself, your family, and pets and let the agent and their clients have the freedom they need. An agent can always do their best job of showing your home when you are not underfoot.
  • Act decisively: When you do get an offer on your home, act quickly and decisively. Follow the advice of your agent and separate your emotions from your business side.

So enjoy the holidays, and remember to make a little room in your schedule to work with those motivated buyers. You'll be glad you did!

Mortgage Rates Still at All Time Lows
Finally, some good news for the mortgage industry! In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced on 11/25/08 that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS), exciting news that sent interest rates for 30-year fixed-rate mortgages plummeting below 6.00% and near the lows for the year!  In fact, I just received the current mortgage rates for today from Coleen Leri at First Community Mortgage and for a 30 year fixed conventional loan the current PAR rate is 5.375%.

If you have been on the fence about buying or refinancing a home, now is the time to act. Interest rates are extremely low and home prices in some areas are at 2003-2004 levels. There is also an incredible selection of homes to choose from here in Colorado Springs.  Add to that recent declines in energy prices and lower consumer interest rates, and you have a great holiday recipe for success, but only if you give us a call.

Don't wait until it's too late. Call us today and get pre-approved. Rates have already been very volatile and this opportunity might not survive the holidays. In many markets, falling prices are bringing out buyers that have been waiting to buy and they are scooping up both bargains and hot properties. As the market improves interest rates will climb again.  Let me offer you some pointers to help you negotiate a great deal and lower your costs to close.

Please call me if you are ready to buy or if you have any questions about refinancing.  I can put you in touch with some great local lenders.  I hope you have a Merry Christmas and a Happy New Year.
 
 
RE/MAX Advantage, 5590 N Academy Blvd., Colorado Springs , CO, 80918
]]>http://www.jasondanielshomes.com/Blog/Colorado-Springs-Local-Market-Update-December-2008http://www.jasondanielshomes.com/Blog/Colorado-Springs-Local-Market-Update-December-2008Mon, 15 Dec 2008 18:10:00 GMTInterest Rates at an All Time Low!

 

Mortgage Rates have Taken A Big Drop
Finally, some good news for the mortgage industry! In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced on 11/25/08 that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS), exciting news that sent interest rates for 30-year fixed-rate mortgages plummeting below 6.00% and near the lows for the year!  In fact, I just received the current mortgage rates for today from Coleen Leri at First Community Mortgage and for a 30 year fixed conventional loan the current PAR rate is 5.375%.

If you have been on the fence about buying or refinancing a home, now is the time to act. Interest rates are extremely low and home prices in some areas are at 2003-2004 levels. There is also an incredible selection of homes to choose from here in Colorado Springs.  Add to that recent declines in energy prices and lower consumer interest rates, and you have a great holiday recipe for success, but only if you give us a call.

Don't wait until it's too late. Call us today and get pre-approved. Rates have already been very volatile and this opportunity might not survive the holidays. In many markets, falling prices are bringing out buyers that have been waiting to buy and they are scooping up both bargains and hot properties. As the market improves interest rates will climb again.  Let me offer you some pointers to help you negotiate a great deal and lower your costs to close.

Please call me if you are ready to buy or if you have any questions about refinancing.  I can put you in touch with some great local lenders.  I hope you have a Merry Christmas and a Happy New Year.

Oh, by the way…if you know of someone who would appreciate the level of service I provide, please call me with their name and business number and I will be happy to follow up and take great care of them.

See all MLS listings at www.JasonDanielsHomes.com

logo

]]>http://www.jasondanielshomes.com/Blog/Interest-Rates-at-an-All-Time-Lowhttp://www.jasondanielshomes.com/Blog/Interest-Rates-at-an-All-Time-LowTue, 02 Dec 2008 16:15:00 GMTColorado Springs Local Market Update - November 2008
Presented by: Jason Daniels

 

my picture logo
 
For the Colorado Springs Area
LISTING AND SALES SUMMARY
For the Colorado Springs Area
October 2008
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                       All Homes
 
 
 
                                            Existing Homes
 
MONTHLY SUMMARY
 
 
 
 
 
 
 
 
 
 
 
 
Sept 2008
Oct 2008
% +/-
Oct 2007
% +/-
 
Sept 2008
Oct 2008
% +/-
Oct 2007
% +/-
SINGLE FAMILY/PATIO HOMES:
 
 
 
 
 
 
 
 
 
 
New Listings
1,315
1,302
(1.0)
1,514
(14.0)
 
1,217
1,210
(0.6)
1,368
(11.5)
 
Sales
734
649
(11.6)
723
(10.2)
 
674
585
(13.2)
657
(11.0)
 
Ave. Sales Price
$239,385
$230,012
(3.9)
$243,160
(5.4)
 
$225,121
$216,759
(3.7)
$227,594
(4.8)
 
Median Sales Price
$200,000
$189,000
(5.5)
$205,000
(7.8)
 
$194,500
$181,500
(6.7)
$199,900
(9.2)
 
Total Active
6,030
5,841
(3.1)
6,470
(9.7)
 
5,346
5,167
(3.3)
5,632
(8.3)
 
 
 
 
 
 
 
 
 
 
 
 
 
CONDO/TOWNHOMES:
 
 
 
 
 
 
 
 
 
 
 
 
New Listings
201
166
(17.4)
167
(0.6)
 
154
146
(5.2)
148
(1.4)
 
Sales
99
83
(16.2)
105
(21.0)
 
79
69
(12.7)
86
(19.8)
 
Ave. Sale Price
$151,296
$149,204
(1.4)
$154,737
(3.6)
 
$135,397
$146,128
7.9
$144,996
0.8
 
Median Sale Price
$142,500
$132,000
(7.4)
$139,900
(5.6)
 
$134,000
$118,297
(11.7)
$128,000
(7.6)
 
Total Active
941
889
(5.5)
1,036
(14.2)
 
727
689
(5.2)
793
(13.1)
 
 
 
 
 
 
 
 
 
 
 
 
 
CUMULATIVE YTD SUMMARY
 
 
 
 
 
 
 
 
 
 
 
 
Jan-Oct 2008
 
Jan-Oct 2007
% +/-
 
 
Jan-Oct 2008
 
Jan-Oct 2007
% +/-
SINGLE FAMILY/PATIO HOMES:
 
 
 
 
 
 
 
 
 
 
New Listings
 
15,936
 
18,525
(14.0)
 
 
14,775
 
16,925
(12.7)
 
Sales
 
7,345
 
8,685
(15.4)
 
 
6,651
 
7,762
(14.3)
 
Ave. Sales Price
$241,752
 
$260,618
(7.2)
 
 
$230,071
 
$247,211
(6.9)
 
Volume
 
$1,775,668,440
 
$2,263,467,330
(21.6)
 
 
$1,530,202,221
 
$1,918,851,782
(20.3)
 
 
 
 
 
 
 
 
 
 
 
 
 
CONDO/TOWNHOMES:
 
 
 
 
 
 
 
 
 
 
 
New Listings
 
2,278
 
2,640
(13.7)
 
 
1,874
 
2,242
(16.4)
 
Sales
 
964
 
1,280
(24.7)
 
 
766
 
1,009
(24.1)
 
Ave. Sales Price
$159,790
 
$175,239
(8.8)
 
 
$146,963
 
$160,572
(8.5)
 
Volume
 
$154,037,560
 
$224,305,920
(31.3)
 
 
$112,573,658
 
$162,017,148
(30.5)
 
 
For the Colorado Springs Area
What Does This Mean?
We are seeing a 10.2% decrease in the number of sales from this time last year, however there are 9.7% less listings on the market which means the market is correcting.  The average sales price has decreased again by 5.4% compared to October 2007, however the median sales price is down by 7.8%.  The statistics still show a market lull, but our local market is still beating the national average and seems to be somewhat improving. Buyers still have more choice and can be more selective.  Sellers need to make sure their homes are priced correctly and are in excellent condition to be competitive.  Homes in great condition with competative prices are still selling relatively quickly.  It's a beauty contest and price war for Sellers.  Sellers who really need to sell are dropping their prices in line with the market.  If you need to sell now, don't wait until  next spring as there will be more inventory to compete with as well as possible continued downward pressure on prices.  Those who don't need to sell might want to wait a couple of years, unless they want to buy up and get a big discount on a move-up home.  It's also a great time to invest in real estate and expand your retirement portfolio..
 
Now is still a great time to buy with more selection and interest rates still at all time historical lows.  If you would like a list of homes available within your criteria visit www.allcoloradospringslistings.com
-or-
If you would like a CMA on your current home visit www.coloradohomesvalue.com