The Hughes Team

On April 18, 2010, The Colorado Springs Gazette published a special report called "Neighborhoods" - a detailed look at area home prices in 2009 using data from the El Paso County Assessor's Office.  Click here for the Neighborhoods Report.

This interactive version of The Gazette's report allows users to find their neighborhoods and see dynamic charts about each area. Each neighborhood has a profile, including the median price of homes that sold in a neighborhood, the typical size of homes that sold and how values have changed year over year. The guide also includes information about the of number of foreclosure sales in each neighborhood and how distressed properties affected prices.

For more information on any Colorado Springs Home For Sale, contact:

The Hughes Team

Colorado Springs Realtors

Southeast Colorado Springs Market Update

There was a notable decreased in the number of available homes in the Southeast part of the Colorado Springs Real Estate Market from the year 2009 to 2010. From 252 available homes in January 2009, it dropped down to 142 homes in October.

The average homes sold each month is 92. There was a total of 659 homes sell in 2009, which is much higher than in 2008 at 520 home sales.

Homes sold in the Southeast part remained in the Colorado Real Estate  market last year for 43 days in December while 84 days in May. The average days that a home in this area stayed on the market were only 77 days. This is only three days longer than in the year 2008.

The Southeast area was all over the board on a month-to-month basis, with an average of $123,111 and the median sales price of $121,281. Therefore, the 2009 for the same area is only about $10,000 lower than a year ago.

With magnificent natural beauty and phenomenal weather, you would expect the Colorado Home value to be highly profitable.

Buying your own Colorado Springs Home can give you an excellent quality of life at an affordable price. Enjoy the breathtaking backdrop of the Rocky Mountains, the big blue skies, and the 300 days of sunshine per year on average only here at Colorado! 

For more information on any Colorado Springs Home For Sale, contact:

The Hughes Team

Colorado Springs Realtors

Since the recent return of troops to the town's military installations, the Colorado Springs Real Estate market has fairly stabilized. Though media negativity about the status of the real estate industry is still high, Colorado Springs home buyers and sellers should not be dismayed because interest rates are still at a record low. Combined with an upsurge of new jobs soon to come over several years by burgeoning local companies, this seems to be really the best time to buy your new Colorado Springs home.

With the market softening, an incredible number of opportunities have opened up for the astute Colorado Springs real estate buyer. Though prices may have levelled off in some areas, for the first time in many years, buyers and sellers both have room to negotiate and come out with a win-win deal for both parties' benefits.

Thinking of moving up to a larger, more expensive home? There's never been a better time than now, with low interest rates and a myriad number of great homes for sale at reasonable prices. Selling your home might get you less than what you'd hope for, but the price of the Colorado Springs home you'll be moving up to will more than make up for it.

All in all, consider this a very good time to take a long look at today's current market numbers and make a very good decision for you and your family's future.

For more information on any Colorado Springs Home For Sale, contact:

The Hughes Team

Colorado Springs Realtors

If you are a Colorado Springs or Broadmoor luxury home owner, checking out the Southwest Colorado Springs and Broadmoor Real Estate Market Report will prove to be beneficial to your interests.

As with the market updates from other areas, the Southwest Colorado Springs and Broadmoor luxury home area had the most number of luxury homes for sale during the summer months. A peak of 393 homes went up on sale in August and a low of 252 homes was charted for January.

Looking further into the Market Report for 2009 also showed that there was a slight decrease in home sales during 2009 as compared to 2008. 377 homes were sold in 2008 as compared to 325 in 2009. 57 homes were sold in July- the most for 2009, while March charted in with the least number of homes sold at 28.

The report also signified that on the average it took 94 days or just a little over 3 months to sell a luxury home in the Southwest Colorado Springs and Broadmoor  area. May showed the longest period that a home remained unsold at 143 days, while it was shortest at October at just 64 days.

Finally, it is also important to consider that the Southwest Colorado Springs and Broadmoor Real Estate luxury home prices were all over the board month after month. The average sales price is at $294, 260 and the median sales price is at $239,588.

Overall, the Southwest Colorado Springs and Broadmoor Real Estate Market Update Report for 2009 indicates that is favourable to go into the Southwest Colorado Springs and Broadmoor Real Estate market right now. Check our listings and look for a good deal to help you finally purchase your own luxury homes right now.

For more information on any Colorado Springs Home For Sale, contact:

The Hughes Team

Colorado Springs Realtors

Interested in purchasing or selling a Westside Colorado Springs home? Then, this 2009 Westside Colorado Springs Real Estate Market Update should come in handy as you make your decision.

Looking at the Westside Colorado Springs Real Estate Market statistics for 2009 suggests that Westside Colorado Springs luxury homes went on sale the most during summer months. It fell slowly as the fall months came in but reached it slowest point during the December holiday seasons.

Taking into consideration the numbers for the actual sold listings, 2009 saw a decrease in Westside Colorado Springs home sales as compared to the 2008 numbers. 2009 tallied in with a total of 102 homes sold while 2008 came in with 145. However, taking into consideration just the 2009 statistics alone showed that the most numbers of Westside Colorado Springs homes were sold in September at 22 homes and the least during April at 7 homes.

If you are thinking of selling your Westside Colorado Springs home, you should be aware that the report showed that on the average, luxury homes for sale stayed on the market for 86 days, or less than 3 months. January 2009 saw the lowest number of days at 40 and the most in April at 163 days. Please take note however, that the 2009 average is longer by two weeks as compared to the 2008 statistics.

With regards to the average prices, West Colorado Springs luxury homes had lower prices in 2009 as compared to the 2008 numbers, with a difference of $10,000. It was all over the board on a monthly basis for 2009. The average sales price came in at $251,227 while the median sales price chimed in at $191,558.

So, what are you waiting for? This is a good time to own your West Colorado Springs luxury home as the market update has indicated. Please don't forget to check our listings to avail of great deals.

For more information on any Colorado Springs Home For Sale, contact:

The Hughes Team

Colorado Springs Realtors