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Colorado Springs Realtor ® - Cherise Selley

Powers Colorado Springs 80922 and 80923 Stats – December 2010 to December 2011

selley group

Powers Colorado Springs 80922 and 80923 Stats – December 2010 to December 2011

Below are some remarkable statistics about Powers neighborhoods regarding Single Family/Patio Homes:

Sold Listings:

  • 62

Median Sales Price:

  • 182,500

Average Sales Price:

  • 188,554

Median List Price:

  • 189,900

Sale Price to List Price %:

  • 97.5

Currently, the Average Days on the Market is 86.

In comparison to last month, the number of sold listings decreased 2 units, as the median sales price was basically unchanged, and the actual sales price actually increased $10,000, creating some new floating margins of home value stabilization.

Powers Colorado Springs Neighborhoods typifies the housing growth on the eastern part of Colorado Springs. If you’re looking for property around the 200K mark, then this area offers a variety of home selections, plus having the new growth of movie theatres, shopping, dining, and such. There are plans for the Powers Corridor to extend to I-25 in the future, making convenience to many parts of our beautiful city an extra added benefit.

To purchase Colorado Springs Homes for Sale, feel free to contact our Colorado Springs Realtors at Selley Group Real Estate, LLC: 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

“Based on information from the Pikes Peak REALTOR® Services Corp. (RSC), for the period December 2010 through December 2011. RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”

All agents affiliated with Selley Group Real Estate, LLC are actively licensed in accordance to the laws of Colorado.

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

Temporary Payroll Tax Cut – Good or Bad for Housing?

temporary federal payroll tax cut

I had a chat about the temporary payroll tax cut with a reliable mortgage banker in Colorado Springs. Here’s the gist of our conversation:

On December 23, 2011, President Obama signed into law the Temporary Payroll Tax Cut Continuation Act of 2011. Among its provisions, this new law directs the Federal Housing Finance Agency (FHFA) to increase guarantee fees charged by Freddie Mac & Fannie Mae by no less than 10 basis points from the average guarantee fee charged by these companies in 2011 on single-family mortgage backed securities.

This requirement is effective immediately, meaning that the average guarantee fees charged in 2012 need be at least 10 basis points greater than the average guarantee fees charged in 2011 and that this increase be remitted to the U.S. Treasury rather that retained as reserves by Freddie Mac and Fannie Mae.

In order for U.S. Bank Home Mortgage to cover these costs the following changes will go into effect immediately for any Freddie Mac (3600 series) or Fannie Mae (3500 series) Fixed Rate and Adjustable Rate Mortgage (#3371-3398) products.

So in order to recover funds lost by the extension of the payroll tax cut, they are adding additional costs to loan pricing, minimum of $100 for every $100,000 of loan amount. May or may not affect the rate, but not the way to stimulate housing.

Feel free to contact Colorado Springs Realtor, Cherise Selley, Active Licensed Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors @ www.selleygroup.com or 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

November 2011 – Colorado Springs Real Estate Statistics

This analysis is brought to you by Bill McAfee of Empire Title of Colorado Springs.

I’d like to say that these numbers match what we have noted on our STAT PACK findings provided by Ben Day and Hannah Parsons, and with the favorable outcome of the real estate market in Colorado Springs that we anticipate for 2012.

2011 YTD vs. 2010 YTD

• Average Price DOWN 4.1%

• Median Price DOWN 4.3%

• Residential Units UP Sold 3.5%

• Inventory Levels DOWN 8.0%

• Number of Listings DOWN 15.5%

• Foreclosures DOWN 25.1%

• Interest Rates are at historic lows

Feel free to contact Colorado Springs Realtor, Cherise Selley, Active Licensed Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors @ www.selleygroup.com or 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

Rebecca Selley – Singing Flash Mob – All I Want For Christmas

That’s right. Our daughter-in-law, Rebecca, breaks out into a flash mob rendition of “All I Want For Christmas,” recorded December 1, 2011 at Westfield Penrith – Sydney, Australia.

We miss Jake and you and thank you for sharing your lovely voice!

Feel free to contact Colorado Springs Realtor, Cherise Selley, Active Licensed Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors @ www.selleygroup.com or 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

December STAT PACK – Colorado Springs Real Estate

December STAT PACK – Colorado Springs Real Estate

Simply, this is the most comprehensive statistical information compiled about real estate in Colorado Springs. Not only are there substantial markers about the trends of our local market, but Benjamin Day and Hannah Parsons have incorporated macroeconomics in their detailed analyses.

Ben points out to extraordinary strengths about Colorado Springs to consider for your participation in this very prime market for 2012:

First - “There are more than 1000 fewer listings than this time last year (22.7% fewer) and 250 more sales (3.4% increase) than last year.”

Second – “The most amazing stat is that there are only 5.68 months of inventory for sale in December. That number was 8.75 last year, and nationally is at 8.5 now.”

selley group stat pack

Click on to www.selleygroup.com to view the December STAT PACK.

Feel free to contact Colorado Springs Realtor, Cherise Selley, Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors @ www.selleygroup.com or 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

All agents affiliated with Selley Group Real Estate, LLC are actively licensed in accordance to the laws of Colorado.

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

“Based on information from the Pikes Peak REALTOR® Services Corp (“RSC”), for the period January 1, 2005 through December 13, 2011. RSC does not guarantee or is in anyway responsible for its accuracy. Data maintained by the RSC may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.” Additional sources include CSHBA, PPRBD, The Gazette, www.FHFA.gov, Zillow.com, Standard & Poors, Freddie Mac, Colorado Springs Business Journal, ROOST.com, ALTOS Research, CNBC.com, Bloomberg.com and www.PMI-US.com.