Here is the annual Stetson Hills real estate market report for 2009.

Single Family Homes in Stetson Hills

• Sold Stetson Hills Homes in 2009: 588 homes
• Average List Price: $219,000
• Average Sold Price: $216,000
• Homes sold for about 98% of asking price.
• Average Days on Market: 90 days (1-605 days)

Townhomes and Condos in Stetson Hills

• Sold Stetson Hills Town Homes and Condos in 2009: 41 homes
  
• Average List Price: $177,000
• Average Sold Price: $172,000
• Homes sold for about 97% of asking price.
• Average Days on Market: 133 days (3-1,136 days)

Read Also:

• Homes in Stetson Hills are VERY Affordable According to the 2009 Housing Opportunity Index

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 market report for November 2009.

Single Family Homes in Stetson Hills

• Sold Stetson Hills Homes in November 2009: 49 homes
• Average Sold Price: $223,076
• Median Sold Price: $205,000
• Homes sold for about 99% of asking price.
• Average Days on Market: 61 days (Just over 2 months)

Townhomes and Condos in Stetson Hills

• Sold Stetson Hills Town Homes and Condos in November 2009: 3 homes
  
• Average Sold Price: $156,633
• Median Sold Price: $159,900
• Homes sold for about 98% of asking price.
• Average Days on Market: 212 days (49-488 days)

Read Also:

• Homes in Stetson Hills are VERY Affordable According to the 2009 Housing Opportunity Index
• Stetson Hills Real Estate Market Report for 2nd Quarter 2009

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

Single Family Homes in Stetson Hills

• Sold Stetson Hills Homes in October 2009: 44 homes
• Average Sold Price: $220,691
• Median Sold Price: $210,000
• Homes sold for about 97% of asking price.
• Average Days on Market: 65 days (Just over 2 months)

Out of the 44 Stetson Hills home sales in October, 11 (25%) were distressed (foreclosure, bank owned, short sale).

Townhomes and Condos in Stetson Hills

• Sold Stetson Hills Town Homes and Condos in October 2009: 7 homes
  
• Average Sold Price: $175,414
• Median Sold Price: $139,933
• Homes sold for about 98% of asking price.
• Average Days on Market: 99 days (2 months)

1 out of the 7 Stetson Hills townhomes that sold in October (14%) was a distressed (foreclosure, bank owned, short sale).Read Also:

• Homes in Stetson Hills are VERY Affordable According to the 2009 Housing Opportunity Index
• Stetson Hills Real Estate Market Report for 2nd Quarter 2009

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

[Vista Ridge High School - North Stetson Hills]

Here is the Stetson Hills real estate market report for the August 2009. The Stetson Hills real estate market consists of the neighborhoods of Ridgeview at Stetson Hills, Greenhaven and Indigo Ranch - East of Powers, West of Marksheffel, South of Woodmen and North of Barnes. Stetson Hills in located in Falcon School District 49 and close to both Peterson AFB and Schriever AFB and a straight shot to Fort Carson.

Single Family Homes in Stetson Hills

• Sold Stetson Hills Homes in August 2009: 50 homes
• Average Asking Price: $220,335
• Average Sold Price: $217,046
• Sold Price Range: $139,500 - $369,134
• Average Days on Market: 54 days (LESS than 2 months!)

Townhomes and Condos in Stetson Hills

• Sold Stetson Hills Town Homes and Condos in August 2009: 3 homes
  *An average of 3 Stetson Hills town homes sell each month.
• Average Asking Price: $139,933
• Average Sold Price: $139,933
• Sold Price Range: $121,000 - $149,000
• Average Days on Market: 60 days (2 months)

Read Also:

• Homes in Stetson Hills are VERY Affordable According to the 2009 Housing Opportunity Index
• Stetson Hills Real Estate Market Report for 2nd Quarter 2009

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 market report for the 2nd quarter of 2009 (April - June). Stetson Hills consists of the neighborhoods of Ridgeview, Greenhaven and Indigo Ranch - East of Powers, West of Marksheffel, South of Woodmen and North of Barnes. Stetson Hills in located in Falcon School District 49.

Single Family Homes in Stetson Hills

• Sold Stetson Hills Homes from April - June 2009: 179 homes
• Average Asking Price: $216,690
• Average Sold Price: $212,016
• Sold Price Range: $130,000 - $413,000
• Average Days on Market: 99 days (about 3 months)

Townhomes and Condos in Stetson Hills

• Sold Stetson Hills Town Homes and Condos from April - June 2009: 9 homes
• Average Asking Price: $149,719
• Average Sold Price: $144,876
• Sold Price Range: $120,000 - $175,000
• Average Days on Market: 58 days (less than 2 months)

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

Read Also: Homes in Stetson Hills are VERY Affordable According to the 2009 Housing Opportunity Index

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

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.

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.

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

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

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 market has about 3 months of inventory, based off of the recent sales data for this Colorado Springs neighborhood. This means that the average home in Stetson Hills will take 3 months to sell.

Single Family Homes in Stetson Hills Real Estate Market Report as of 10/11/2008:

• Active: 268 homes priced from: $149,900 - $505,500
• Pending: 44 homes
• Sold since 9/1/08: 52 homes
  • Sold Price Range: $145,000 - $420,000
  • Median Sales Price: $197,000 (down from $203,000 in August)
  • Sale Price to List Price Ratio: 98.2%
    Percentage of Asking Price that the average home in Stetson Hills sold for…
  • Average Days on Market: 115 days (UP from 94 days in August)
  • 35 of the 52 sales were VA or FHA government loans

Note: This report does not include 23 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 as of 10/11/2008:

• Active: 32 homes:
  • 18 townhomes, 11 condos and 3 patio homes
  • Price Range: $120,000 - $318,624
• Pending: 6 homes (2 condos and 4 townhomes)
• Sold since 9/1/08: 3 townhomes
  • Sold Price: $142,000 - 177,295
  • Average Days on Market: 123 days

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