Colorado Springs Market Update - October

Below is a link to our October newsletter and the market update for September.  Newsletter articles include:

Pricing the Home Right on Day One

Ready?  Set.... Football

Pumpkin Recipes

Other Industry News:

Just how low are Colorado Springs’ property taxes?

http://csbj.com/2009/09/25/just-how-low-are-springs-property-taxes/

New military arrivals triggered faster Springs area economic growth in 2008

http://www.gazette.com/articles/area-62663-springs-new.html

Time is running out.  Only 6 more weeks before the first time home buyer tax credit of $8000 ends.  To begin your search visit http://www.ourdistrict20homes.com/MLS_Map_Search/page_2098007.html

New Listings for Murray Knoll Partners: 

New Listing! Springs Ranch: Priced at $283,000. Beautiful 2-story home w/ spectacular view of Pikes Peak. 5bed/3.5bath/2car garage. Spacious kitchen w/ area for family dining. Family room off the kitchen w/ gas fireplace. Formal living room or formal dining room. Deck off kitchen w/ front range view. His/hers walk-in master bedroom closets. Berber carpet on main and 2nd levels. Washer/dryer hookup on main and basement. Main level office could be 6th bedroom. Large rec room and spare bedroom in basement. Fenced backyard. Next to Remington elementary school. Perfect for the growing family.  For details and virtual tour visit: http://www.3212HeatherGlenDrive.com

Mortgage Rates as of Tuesday, 6 October

Conventional 30                      4.75%                   (APR 4.859)

Conventional 15                      4.375%                 (APR 4.432)

FHA/VA 30                              4.75%                   (APR 5.391)           

CHFA HomeOpener                5.5%                     NO Down Payment Assistance (APR 6.564)

CHFA HomeOpener PLUS     5.875%  - 3% DPA with payment at 5.875% x 30 Years (APR 6.571)

Wally Roy - Sr. Loan Officer - 719.229.5003 • Wally.Roy@centralbancorp.com http://www.wallyroy.com/
 • License Number LMB100019691 

September 2009 Market update:  

Average and median prices drop over September of 2008, most likely due to the increased activity of first time home buyers.  Check out the statistics at:

http://www.ourdistrict20homes.com/COS_Market_Update/page_2115060.html

Other Murray Knoll Listings:

Springs Ranch: Priced at $330,000.  Beautiful home on a large corner lot in Springs Ranch.  Wonderful floor plan with the master and two bedrooms on the second floor, bedroom on the main floor that could function as a study or office, and one more bedroom in the basement. Large gourmet kitchen with room for a family dinner table. Includes a breakfast bar, pantry, gas range, and two ovens.  Large family room with gas fireplace off the kitchen, built in shelves frame the fireplace. Walkout to a large patio and fenced backyard. Formal living room and dining room combination on the main level. Master suite features a five piece master bath, walk-in closet, and sitting area. Full finished basement includes a rec area, exercise area, bedroom, and full bath. Just a five minute walk from Sand Creek high school. This home is perfect for the family that needs more space. For details and virtual tour visit: http://www.4101fellslanddrive.com

Upgraded condo in Academy District 20: Priced at $185,000.  Beautiful main level condo with an open floor plan, large family room, formal dining room, and master suite. Enter the condo to a warm and inviting family room with a gas fireplace. Breakfast bar. Formal dining room with hardwood floor. Berber carpets in living room and bedrooms. 2bed/2bath, A/C, wood flooring, berber carpet, and walk-in closet w/ custom closet system. For details and virtual tour visit http://6689bethesdaptunitc.ourdistrict20homes.com/

Rockrimmon starter home in Academy District 20: Priced at $245,000. Beautiful tri-level with 4 bedrooms, 3 bathrooms and 2 car garage.  Large backyard adjacent to open space. Very well maintained with updated kitchen, wrought iron railing, archways over living room. Formal living room, dining room, and rec room with fireplace. Large master bedroom with master bath.  For details and virtual tour visit http://6471hawkeyecircle.ourdistrict20homes.com 

NEW PRICE! Monument: Adorable home with two bedrooms and full bath on main level and 3rd bedroom and 3/4 bath in basement priced at $195,000. Great open floor plan. Newer roof and furnace. Fenced backyard with storage shed and patio. Large corner lot with mature trees. Great starter home or for investors. This is a short sale so check back for pricing updates.  Visit: http://623trumbulllane.ourdistrict20homes.com  for details.

Gleneagle Town home: Priced at $268,000.  View the US Air Force Academy and the front range from 4 balconies in this beautiful town home! Over 3500 total square feet.  Main level and second floor master suites, each with a private balcony and mountain view. Large loft for office or den.  Great potential with over 1200 square feet in unfinished basement.  Main Level Laundry.  Air conditioning. Easy access to I-25 and Hwy 83.  

For details and virtual tour visit:  http://21LuxuryLane.OurDistrict20Homes.com

Academy District 20 lot:  Priced at $185,000.  This 2.66 acre lot the best lot remaining in Highland Park. Suitable for a walkout basement with the back of the house facing the front range.  This lot is not owned by a builder, so you have the freedom to bring your builder and custom plans.  Highland Park is a wonderful development in Black Forest with higher end custom homes.  

Visit virtual tour at http://9684lochwinnochlane.ourdistrict20homes.com 

SOLD! Fountain: Perfect starter home priced at $175,000. Beautiful 4-level home with 3 bedrooms, 2 bathrooms, 2 car garage, and room to grow with unfinished basement. New dishwasher, carpet, interior paint, and hot water heater. Gas stove. Upper level laundry with gas or electric hookups. Fenced backyard. Automatic sprinklers. Minutes from elementary and high schools. Great neighborhood! Visit: http://850MarshallDrive.com for details.

Search for Colorado Springs properties (including foreclosures): 

http://www.ourdistrict20homes.com/MLS_Map_Search/page_2098007.html

Click on the link below to access the newsletter.
Colorado Springs Real Estate Update - October 2009

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