Here is the supply of inventory as of Nov. 1- broken down into price range. As you will notice, the homes that are under $250,000 are still moving at a fast pace. If your home falls in the $250K and above price range, you want to make sure you are priced competitively and staged to sell!
| El Paso CountyPrice Ranges | Total Listings Sold in Oct. 2009 | Current Supply in Months | |||
| $ 50,000 to $ 99,999 | 52 | 3.58 | |||
| $100,000 to $149,999 | 128 | 3.67 | |||
| $150,000 to $199,999 | 200 | 4.06 | |||
| $200,000 to $249,000 | 134 | 5.34 | |||
| $250,000 to $299,999 | 49 | 12.00 | |||
| $300,000 to $349,999 | 34 | 13.65 | |||
| $350,000 to $399,999 | 30 | 12.83 | |||
| $400,000 to $449,999 | 14 | 14.36 | |||
| $450,000 to $499,999 | 11 | 19.00 | |||
| $500,000 to $599,999 | 11 | 23.18 | |||
| $600,000 to $699,999 | 3 | 63.67 | |||
| $700,000 to $799,999 | 3 | 38.33 | |||
| $800,000 to $899,999 | 1 | 74.00 | |||
| $900,000 to $999,999 | 3 | 16.67 | |||
| $1MM to $1,499,999 | 1 | 99.00 | |||
| $1.5MM to 1,999,999 | 0 | no data | |||
| $2MM to $2,499,999 | 0 | no data | |||
| $2.5MM to $2,999,999 | 0 | no data | |||
| $3MM to $3,999,999 | 0 | no data | |||
| Total | 674 |
If you would like a FREE Market analysis of your home or if you have any questions regarding buying or selling property in Colorado Springs, feel free to contact Kristi DeFazio at 719-459-5468. You can also search all of the listings online at www.kristidefazio.com or www.servingincoloradosprings.com
If you would like to contact me be email- kdefazio64@msn.com
If you are interested in learning more about staging, check out this video!
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Kristi DeFazio is an Associate Broker with RE/MAX Advantage in Colorado Springs. If you need to sell a property or buy a property in Colorado Springs, call Kristi at 719-459-5468 You can search all of the homes in the MLS by clicking on www.kristidefazio.com or www.servingincoloradosprings.com
You can also reach Kristi by email at kdefazio64@msn.com
Colorado Springs Market Report for Activity October 2009
Active listings for El Paso County according to the Pikes Peak MLS as of Nov. 1- 5180
Total Sales for Oct. 2009- 791
Current homes Pending or Under Contract as of Nov. 1- 166
This is the time of year when the market tends to slow down a bit before the holidays. However, HOMES ARE STILL SELLING in Colorado Springs.
With the probable extension of the First Time Home Buyer Tax Credit lasting until April (purchases must be final by June), we will probably have a strong market through the end of the year and the beginning of next year as well.
If you would like to know statistics on a certain area or neighborhood in Colorado Springs, just send me and email or give me a call.
Kristi DeFazio
RE/MAX Advantage Realty
719-459-5468
email- kdefazio64@msn.com
www.servingincoloradosprings.com
I have a buyer that put in an offer on a short-sale on July 5th. That was over two months ago. I have been wanting to write this blog to outline the progress of this short sale and I keep getting delayed. No worries though, I knew I would have plenty of time with it being a short sale with Bank of America. In other words- It isn't going anywhere.
I plan on updating this from time to time until the deal is closed (me thinking positively!).
We put in a great offer for this particular home. Based on what the bank owes, and the 2nd loan- it should be a no-brainer deal. My clients have money, they are qualified AND they are willing to wait.
This one is being handled by the pros. Not that it matters, but EVERYONE involved is in the real estate business and knows how to work a short sale. The listing agent is experienced, and the seller is very cooperative (and also an agent). To make things even easier, the seller hired a title company that helps with negotiations. This company has closed 200 short sales already.
So, you would think this would go smoothly, right? Well, so far we are starting month #3 and we have not even been assigned a negotiator! This makes me crazy! I have heard that Bank of America takes anywhere from 4-6 months for an answer, so I know we are in for a long haul- but hopeful.
Now, the problem. The notice of election and demand has been filed, and the sale date is scheduled for December. That gives us plenty of time to get this closed if everyone does their part.
Does Bank of America NOT have a clue? If they turn this down, or wait too long- they will own a piece of real estate that will be worth less than the offer we have on the table. I am hoping that sane minds prevail. I will be writing updates and hopefully have a happy ending in the future.
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If you are looking to buy or sell real estate in Colorado Springs, call Kristi DeFazio at 719-459-5468
You can search all of the listings in Colorado Springs at www.servingincoloradosprings.com or www.kristidefazio.com
I felt compelled to write this because it really shows that life is what you make of it. I was running to the grocery store late yesterday afternoon to pick up a few things and the same nice elderly man was bagging my groceries.
This nice man, Paul, is a fixture in this store. Everyone knows him and I am sure they feel as I do about how inspiring he is. First of all, Paul must be at least 80 and on his bald head he has a very noticeable deep scar that I can only conclude was a result of brain surgery.
It is also obvious that Paul has had a stroke at sometime in his life because his speech is somewhat slurred and slower than average.
Paul is the hardest worker in the store and always almost insists on taking out the bags for you even 
when the weather is cold or snowy (and the teenagers working are hiding!) I know he comes from an era where this was customary in the grocery business.
Yesterday I asked Paul how his dayw as and his response is what made me feel I needed to write this. He said, " THEY ARE ALL GOOD DAYS, SOME DAYS ARE JUST BETTER THAN OTHERS" I thought to myself, I really need to be more like Paul. Here is someone working when he shouldn't have to with physical challenges that he overcame and enjoying it AND doing more than most workers would do.
Have a GREAT DAY!
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This blog was written by Kristi DeFazio with RE/MAX Advantage in Colorado Springs. Kristi is an Associate Broker in Colorado Springs, Colorado. To view homes in Colorado Springs you may visit Kristi's website at www.kristidefazio.com or www.servingincoloradosprings.com
Kristi can be reached at 719-459-5468
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Kristi DeFazio is a broker associate specializing in residential real estate in Colorado Springs. She enjoys helping families relocate to Colorado Springs and find their dream home.
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