There are currently 3 homes listed for sale in our MLS system for Austin Heights in Colorado Springs with prices ranging from $349,900 to $398,000. Two other properties are pending with list prices of $350,000 and $499,000. Seven properties have closed this year with prices ranging from $245,000 to $417,000. Now is a good time to buy a home in Austin Heights.
From what I have been reading it looks like there are signs of our home values rebounding in Colorado. The more expensive homes are still in a buyer's market. However, homes under $400,000 are starting to move. A total of 873 homes sold in June in El Paso County. Median price was $194,700 and average days on the market was 89 days. June was a good month in the real estate world in El Paso County. Homeownership is the American dream and now is the time to get on with the show.
Interest rates are still hanging around 5% which is a grand interest rate. From what I am reading interest rates won't stay this low too much longer. They do seem to go up and down a bit from day to day. This is the time to either purchase a home or do a refinance on your current loan. Have you checked your loan rate lately on your current mortgage? If it is over 6% I think it is a good time refinance. There are lots of good loan reps and many different types of loans. If you do not know who to call I can give you several ideas. Have a good day.
The associated Press did a study of 45 metro areas and found that over the last 3 years the difference between monthly rent payments and monthly mortgage payments on median-priced homes has plummeted. In some areas, the difference is less than $100 a month. Home buyers need to consider purchasing a home NOW while interest rates are low, the price of homes has dropped and the tax incentives that are available for the next couple months.
According to our MLS system there are currently 6 homes for sale in Skyway Heights, Colorado Springs with prices ranging from $585,000 to $849,000. One property sold this year with a sale price of $650,000
If you have any questions send me an email. My email address is enid@beitzel.com
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Successfully selling real estate in Colorado Springs since 1994 and in the residential building industry over 35 years. I give my best to each client every day! www.beitzel.com
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