According to the 2009 1st Quarter Housing Opportunity Index, housing affordability is at the highest level it has been in 18 years! (Colorado Springs Real Estate Journal, Vol. 1 No. 18 “Housing affordability surgers to highest level in 18 years”)

They based this off of home prices vs. the national median income of $64,000 a year.

Housing Opportunity Index

Basically, if you make $64,000 a year, you can afford a $250,000 home* (if you pay about $600 a month in car/credit card payments, get a fixed interest rate of about 5% and put about 20% down, with about $1,000 a year in homeowners insurance and $1,200 a year in property taxes). (Check Out the Bank Rate Calculator) *All home loans are subject to credit approval and you may qualify for more, less or nothing based on your unique situation. COntact a local, reputable bank or lender for more information.
Read Also: How Does Your Debt Compare?

How does the Stetson Hills Real Estate Market compare?

Out of the 204 currently available homes in the Stetson Hills area, there are currently 35 single family homes for sale in Stetson Hills between $225,000 and $250,000. The current median asking price for a Stetson Hills home is $229,000 and the average asking price is about $240,000 (MLS data for May 2009).

Homes in Stetson Hills are VERY affordable.

Search All Homes for Sale in Stetson Hills

Here is the Stetson Hills real estate market report for March 2009. Stetson Hills consists of the areas of Ridgeview, Greenhaven and Indigo Ranch - East of Powers, West of Marksheffel, South of Woodmen and North of Barnes.

Stetson Hills - Dublin Cross

Single Family Homes in Stetson Hills

  • Number of Available Homes: 177 Active and 92 Under Contract
  • Average Asking Price: $246,801
  • Active Price Range: $143,000 - $599,000
  • Number of Sold Homes: 28 homes
  • Average Sold Price: $144,500
  • Sold Price Range: $144,500 - $300,000
  • Average Days on Market: 148 days (almost 5 months)

Townhomes and Condos in Stetson Hills

  • Number of Available Homes: 16 Active and 6 Under Contract
  • Average Asking Price: $174,444
  • Active Price Range: $132,900 - $318,624
  • Homes Sold in March: 2 homes
  • Average Sold Price: $144,500
  • Sold Price Range: $125,000 - $140,000
  • Average Days on Market: 59 days (under 2 months)

Check out all the Wagner iTeam Featured
Homes for Sale in Colorado Springs

Thanks for reading our Stetson Hills Real Estate Blog!
Posted By: Mariana Wagner – Stetson Hills Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams HOPE Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate

(719) 434-7525

The Colorado Springs Real Estate Connection - Wagner iTeam - has some GREAT homes for sale in Stetson Hills. Check them out:

 

 

6226 Sierra Grande Point - Dublin Townhomes
MLS# 492991

 

You will love this move-in ready 2Bed 3Bath 2Car town home in Stetson Hills. The main level offers a great room with living and dining room and northern views. The kitchen opens up the great room and has all newer GE appliances and a spacious pantry. This main level also offers a half bath with storage closet, a coat closet off of the entry and access to the 2-car attached garage. Upstairs and to the right, you will find the Master bedroom with vaulted ceilings, display shelf and private 4-piece master bath with walk in closet. Upstairs also offers another large bedroom, full bath and convenient and large upper laundry. This town home is close to the community green areas, neighborhood schools, shopping and entertainment and is ready for a quick move-in.

 

24 Hour Recorded Information: 1-800-610-0037 Ext: 3034

 



 

 

6642 Goldenrain Drive - Greenhaven - Stetson Hills
MLS# 505390 OFF MARKET APRIL 2009

 

Super-Clean 4Bed 3 Bath Home + Office Near Greenhaven Neighborhood Park & Schools. Main Level boasts surround sound in living areas and master suite. Off the hardwood entry is a convenient den or formal dining room. There is a spacious living room/great room with high ceilings, a custom-tiled gas fireplace and wired TV niche. Adjacent to the living room is the dining area with nice chandelier, and just past that is the sunny kitchen with tiled breakfast bar and counters, hardwood floors, canned lighting, 42 inch cabinets and a large pantry. The kitchen walks out to the low-maintenance, fenced rear yard with large, semi-private rear deck. There is a quiet main level master bedroom in the rear of the home with coved ceilings, sitting area and a private 5-piece master bath with double vanity, shower and oval soaking tub and 2-large closets. The main level of this home also has a 2nd bedroom, walk-in hall/linen closet, main level full bathroom, a laundry room and access to the oversized 2-car garage. The basement has been finished to include a huge family room with recessed lighting, an unfinished storage room and 2 more bedrooms. One bedroom has a walk-in closet and private access to the full tiled bathroom. This home is located in a great neighborhood across from the park, close to schools and a straight shot to Peterson AFB.

 

24 Hour Recorded Information: 1-800-610-0037 Ext: 3214

 



 



6738 Silverwind Drive - Greenhaven - Stetson Hills
MLS# 465130

 

Move in ready 5Bed 3 Bath Home Near Neighborhood Park & Schools. Main Level boasts a spacious living room/great room with a custom-tiled gas fireplace and wired TV niche. Adjacent to the living room is the dining area, and just past that is the sunny kitchen with breakfast bar, tiled floors, canned lighting, pantry, all-black appliances to include an upgraded gas stove. The kitchen walks out to the low-maintenance rear yard with 20×15 patio. There is a quiet main level master bedroom in the rear of the home with coved ceilings, fan, a private 5-piece master bath with double vanity, tiled shower and oval soaking tub and 2-large closets. The 2nd bedroom has custom paint accents, chair rail, walk-in closet and built in shelves. There is another bedroom in the front of the home just off the tiled front entry, which would make a great office or den. The main level of this home also has a walk0in hall/linen closet, main level full bathroom, a nicely tiled laundry room with built-in shelving and access to the oversized 2-car garage. The basement has been finished to include a huge family room, a large unfinished storage room and 2 more bedrooms. One bedroom has a walk-in closet and private access to the full bathroom. This home is located in a great neighborhood with a park, close to schools and a straight shot to Peterson AFB.

 

24 Hour Recorded Information: 1-800-610-0037 Ext: 3064

 



 

 

6924 Hill Stream Drive - Stetson Hills
MLS# 504766

 

Beautiful 6 bedroom home on corner lot in Stetson Hills. Main level boasts a hardwood entry, formal living room & attached dining area with 3-sided gas fireplace shared with family room. The kitchen is gorgeous! It has granite counter tops and hardwood floors, a convenient prep island, 42-inch cabinets and a pantry. There is a breakfast nook off the kitchen as well as a half bath and laundry room with cabinets and tile counters. The upper level has 4 bedrooms and a full bathroom. The master bedroom is accessible from double doors off the upper landing and features a great 5-piece bathroom with tiled counters, oval soaking tub, split double vanities, an oversized shower and walk in closet. Basement of this home has been fully finished with a large rec room, full bathroom and 2 more nice sized bedrooms. This home sits on a large corner lot, close to schools and parks.

 

24 Hour Recorded Information: 1-800-610-0037 Ext: 3404

 



 

 

6341 Baxter Drive - Stetson Hills
MLS# 420478

 

4 Bedroom Stetson Hills home with great layout. Covered front porch welcomes you into the main level of this home with a coat closet in the front entry. There is a larger livingroom/great room and a spacious kitchen that has upgraded Hickory roll-out cabinets and an oversized eat-at island. All kitchen appliances are included. Dining room is large enough to accommodate big dinner parties and the adjacent room would make a cozy family room or main level den. Four bedrooms are on the upper level. The Master bedroom has a walk-in closet and a private 3/4 bath with oversized shower. There is also a convenient upper level laundry room and full bathroom. The basement of this home has been left unfinished but leaves room for further expansion. From the dining room you can access the fully fenced rear yard. With a little paint/carpet/cleaning TLC this will be a great home! Close to schools, parks and just minutes from Peterson AFB.

 

24 Hour Recorded Information: 1-800-610-0037 Ext: 3414

 



Check out all the Wagner iTeam Featured
Homes for Sale in Colorado Springs

 

 

 

 

Thanks for reading our Stetson Hills Real Estate Blog!
Posted By: Mariana Wagner – Stetson Hills Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams HOPE Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate

(719) 434-7525

Here is the Stetson Hills Real Estate information for February 2009:

In February 2009:

  • 32 Single Family Stetson Hills Homes Sold (about 10% of the inventory)
    • Sale Price: $130,000 - $355,498
    • Median Sale Price: $200,000
    • Average Sale Price: $217,998
    • Average Days on Market: 111 (3-347 days)
  • 2 Stetson Hills Condos and 6 Townhomes Sold
    • Condos Sale Price: $125,925 - $136,000
    • Townhome Sale Price: $129,900 - $282,127
    • Average Days on Market: 80 (13-189 days)

 

Thanks for reading our Stetson Hills Real Estate Blog!
Posted By: Mariana Wagner – Stetson Hills Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams HOPE Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate

(719) 434-7525

Feb

17

Is a Stetson Hills Foreclosure a Deal?

Well, based off the real estate sales in 2008, we see that 23.6% of all homes that sold in Stetson Hills were in some stage of foreclosure.

Read the Full Report: Foreclosure Information in Stetson Hills for 2008

With such a large selection of foreclosure homes in Stetson Hills, does that equate to a good deal?

Let’s compare the prices of sold homes:

NON-Foreclosure Stetson Hills Homes

  • Average List Price: $246,961
  • Average Sale Price: $241,910
  • Percentage of List Price that the Average Home SOLD for: 97.9%

Foreclosure and Bank Owned Stetson Hills Homes

  • Average List Price: $195,711
  • Average Sale Price: $190,934
  • Percentage of List Price that the Average Home SOLD for: 97.5%

Based on this data, foreclosure homes SOLD for an average of about $50,000 LESS than those homes that were not in some stage of foreclosure.

So, buying a foreclosure home in Stetson Hills is DEFINITELY a deal!

Get your FREE list of all Foreclosure Homes in Stetson hills, by sending your request to: team@wagneriteam.com

Thanks for reading our Stetson Hills Real Estate Blog!
Posted By: Mariana Wagner – Stetson Hills Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams HOPE Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate

719.434.7525

The Stetson Hills real estate market saw some heavy foreclosure activity in 2008. Out of 583 homes that sold, 23.6% of all Stetson Hills home sales in 2008 were in some stage of foreclosure.

What is the difference between a Foreclosure and a Bank Owned Home? Read More …

Bank Owned Homes for Sale in Colorado Springs and
Buying a Colorado Springs Foreclosure or Bank Owned Home

This graph represents the breakdown between:

  • Non-Foreclosures – Traditional home sale
  • Bank Owned – The home went through the full stage of foreclosure, became “bank-owned” and then sold to a new homeowner.
  • Pre-Foreclosure – The homeowner was able to sell the home before it became “bank owned”

Out of the Stetson Hills foreclosures that sold:

  • Types of Properties:
    • 3 were condos
    • 13 were town homes
    • 122 were single family, detached homes
  • Home Prices:
    • Average List Price: $195,711
    • Average Sale Price: $190,934
    • Foreclosure homes in Stetson Hills sold for about 97.5% of asking price
  • Days on Market:
    • Homes were on the market about 89 days before a contract was accepted by the owners and/or bank.
    • This does not reflect the time between accepted offer and close date. Foreclosures can take MONTHS to close after a contract is accepted.

(*The modular homes in the Chateau at Antelope Ridge were not counted in the above data. 13 of these homes sold and 4 of them were bank owned.)

Read Also: Writing an Offer on a Bank Owned or REO Property in Colorado Springs

Thanks for reading our Stetson Hills Real Estate Blog!
Posted By: Mariana Wagner – Stetson Hills Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams HOPE Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate

(719) 434-7525

 

The Stetson Hills Real Estate Connection would like to share an interesting video from Keller Williams (our company) regarding the outlook of the National Real Estate market, as of November 2008.


Dave Jenks and Jay Papasan (Keller Williams) explain and discuss real estate trends, market statistics, and the impact of the economy on home buying and selling.  This video looks at how the real estate market is creating more affordability and heading toward a balanced market.

Posted By: Mariana Wagner - Stetson Hills Real Estate Agent
Wagner iTeam at Keller Williams Realty
719.434.7525

*This post is based off the Full Article: Top 3 Ways to Avoid Foreclosure in Colorado Springs

Nobody wants a Stetson Hills foreclosure on their permanent credit record. Nobody wants the stigma of a “Bank Owned” sign in the yard of a place they once called “home”. Nobody wants to live in fear that any moment someone will knock on their door and kick them and their family out on the streets.

But there are a lot of people who bought home in Stetson Hills over the past few years that can no longer afford their home. Maybe this is you.

Reasons for a Stetson Hills Foreclosure

There are many reasons why someone cannot afford their mortgage payment. Some reasons include:

  • Major illness or death
  • Divorce
  • Bankruptcy
  • Loss of Job
  • Downsized in current job resulting in a cut in pay
  • Mortgage rate increase resulting in a payment that is no longer affordable

These are all valid and completely understandable reasons WHY someone may not be able to afford their mortgage payment any longer, and may be facing a Stetson Hills foreclosure.

“How Can I Avoid Foreclosure in Stetson Hills?”

If you are not able to keep up with your mortgage payments, or maybe you are already falling behind on your payments, you don’t have to be a victim of foreclosure. There are several ways that you can avoid a foreclosure, but you will need to be proactive and start working on it today.

Read Also: Foreclosure SUCKS - You Have Options

Top 3 Ways to Avoid Foreclosure in Stetson Hills

#1 Catch Up On Your Payments

If you can actually afford your monthly payment, but have fallen behind on your payments due to unexpected one-time circumstance, like a family emergency or a gap in employment, catching up is a great option. There are 2 main ways to catch up on your late mortgage payments:

  • Pay it Back All At Once
  • Forbearance Agreement with Your Bank

#2 Refinance or Re-Structure Your Current Loan

If you have not missed any payments, but know that you will not be able to afford your payments after a certain date (mortgage rate increase, ARM adjustment, loss or downsize of job), then you may be able to qualify for a refinance or a re-structure of your current loan. You MUST have good credit for this option, and (in most cases) cannot have missed a mortgage payment.

  • Refinance your current loan into a NEW loan
  • Re-Structure your current loan

#3 Sell Your Home

If catching up on your payments or refinancing your loan is not an option, selling your home is a great way to avoid a Stetson Hills foreclosure. There are two ways to sell your home, but in either case, you will need to ACT FAST to make sure that your home SELLS before it forecloses.

For More Information on how to qualify for a Stetson Hills Short Sale, Contact Us:
Wagner iTeam - Certified Distressed Property Colorado Springs Short Sale Experts
719.434.7525

Find the Value of YOUR Stetson Hills Home

As you can see, these 3 alternatives actually offer 6 different options. With all these options, you have a great opportunity to move on with your life and avoid foreclosure in Stetson Hills.

 

Thanks for reading our Stetson Hills Real Estate Blog!
Posted By: Mariana Wagner – Stetson Hills Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate

(719) 434-7525

Nov

11

The Stetson Hills real estate market had a major slowdown in activity for the month of October. However, the homes in this Colorado Springs neighborhood that DID sell sold in a very short amount of time.

Single Family Homes in Stetson Hills Real Estate Market Report for October 2008:

  • Active: 265 homes priced from: $120,000 - $489,500
  • Sold since 9/1/08: 23 homes (compared to 54 sales in September)
    • Sold Price Range: $164,000 - $389,000
    • Average Sales Price: $207,060
    • Average Days on Market: 67 days (compared to 115 days in August)
    • 19 of the 23 sales were VA or FHA government loans

Note: This report does not include several homes for sale that are priced from $59,000 - $159,900, as these are modulars on leased land. Asking/Sold prices do NOT include the $400-$500/mo. land lease. Additionally, many of these homes can only currently be purchased with CASH or through owner finance. Data from these homes has been removed from this report as they are not really comparable to the rest of the homes in Stetson Hills.

Townhomes, Condos and Patio Homes in Stetson Hills Market Report for October 2008:

  • Active: 27 homes priced from: $120,000 - $318,624
  • Sold since 9/1/08: 2 townhomes 1 Condo
    • Sold Price: $144,000 - $159,950
    • Average Days on Market: 75 days


Search All Homes for Sale in Stetson Hills


 

Posted By: Mariana Wagner – Stetson Hills Real Estate Expert
Wagner iTeam at Keller Williams Realty
Colorado Springs Real Estate Connection
719.434.7525

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