Briargate Real Estate Market Conditions & Reports, Briargate Market Trends, Colorado

Market Commentary Provided by Ingrid Anderson
If you can qualify, now is an exceptional time to buy a home in Briargate or anywhere in Colorado Springs. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 719-244-2401

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Ingrid Anderson
RE/MAX Properties, Inc.
Colorado Springs, Colorado
719-244-2401
ingrid.anderson@wesellmore.net
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Nearest Metro Area

Colorado Springs

Buyers’ or Sellers’ Market

Equal buyers and sellers

Average Time on Market

60-90 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$200,000 - View Graph Trend

Best Selling Price Range

$150,000 - $199,000

Worst Selling Price Range

$350,000 - $399,000

Compared to Last Year

Down 5-10%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Multiple Offers Commentary

In certain price ranges when homes are priced well and show well we are seeing multiple offer situations as well as homes selling within the first week.

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Briargate is

No Change

Seller Activity for the past 90 days in Briargate is

Decreasing

Is Financing Available For Qualified Buyers in Briargate?

Yes

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

20-25%

Housing Hot Spots

Most cities within the El Paso County area are considered 'Housing Hotspots'

Reason to Buy/Sell

Homebuyer Tax Credit !!!!! Lower prices with good selection and competitive interest rates creates a perfect time to buy!

Average Sold Price

$200,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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