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2011 Second Quarter Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results from the second quarter. Single Family & Patio Homes

Black Forest: 56 Sales for a total dollar volume of $20,173,720

Briargate: 170 Sales for a total dollar volume of $49,591,073

Central: 155 Sales for a total dollar volume of $24,003,023

East: 160 Sales for a total dollar volume of $25,536,620

Fountain Valley: 307 Sales for a total dollar volume of $48,398,379

Falcon - Peyton: 150 Sales for a total dollar volume of $33,976,833

Marksheffel: 33 Sales for a total dollar volume of $6,862,844

Northeast: 202 Sales for a total dollar volume of $41,512,934

Northwest: 83 Sales for a total dollar volume of $25,652,133

Northgate: 65 Sales for a total dollar volume of $21,977,939

Old Colorado City: 58 Sales for a total dollar volume of $9,282,721

Powers: 228 Sales for a total dollar volume of $43,067,177

Southeast: 165 Sales for a total dollar volume of $19,647,963

Southwest: 129 Sales for a total dollar volume of $40,178,402

Tri-Lakes: 117 Sales for a total dollar volume of $44,743,382

West: 48 Sales for a total dollar volume of $10,723,510

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 4/1/2011 through 6/30/2011.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

 

2011 June Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results from June. Single Family & Patio Homes

Black Forest: 19 Sales for a total dollar volume of $6,541,920

Briargate: 69 Sales for a total dollar volume of $19,801,932

Central: 64 Sales for a total dollar volume of $10,093,850

East: 58 Sales for a total dollar volume of $8,910,327

Fountain Valley: 104 Sales for a total dollar volume of $16,628,481

Falcon - Peyton: 62 Sales for a total dollar volume of $13,764,828

Marksheffel: 13 Sales for a total dollar volume of $2,771,865

Northeast: 73 Sales for a total dollar volume of $15,764,650

Northwest: 33 Sales for a total dollar volume of $10,468,208

Northgate: 27 Sales for a total dollar volume of $9,189,193

Old Colorado City: 16 Sales for a total dollar volume of $2,285,143

Powers: 80 Sales for a total dollar volume of $14,351,998

Southeast: 61 Sales for a total dollar volume of $7,209,158

Southwest: 43 Sales for a total dollar volume of $13,961,700

Tri-Lakes: 39 Sales for a total dollar volume of $14,496,469

West: 16 Sales for a total dollar volume of $2,551,350

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 6/1/2011 through 6/30/2011.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

 

Bad Inspections

by The Colorado Springs Group™

Whenever possible, the buyer should attend an inspection. The reason for this is that the inspector can show you problems, and you can ask any questions you have about fixing them. Seeing and hearing about a problem is always much easier to understand than reading about one.

Not all inspections go well. Many buyers don't get inspections on new constructions homes, and I think they are absolutely crazy for not doing so. We always recommend inspections, and even inspections on new builds don't always go the way you think they would. It's new, everything was permitted and done by professionals so what is there to be concerned about? Everything comes with a warranty so I shouldn't need to worry about it, right? If you only knew...

What constitutes a bad inspection? Well, it's hard to say because it varies with the area of the city and age of the homes. Things get very serious once you are talking about structural issues, aluminum wiring, cast iron plumbing issues, etc. Unpermitted work done to a home can also be a huge issue. I firmly believe that a bad inspection has occurred when you no longer feel comfortable in buying the home due to the results of the inspection. 

It may be frustrating and/or disheartening when these things happen, but it's important to remember that you found these things before you bought the house so you could be in a far worse situation.

For an example of a bad inspection and how it could be viewed as not that bad by others: We had buyers who went under contract on a flip house. The inspection revealed a bad leak in the pipes... in a completely obvious spot, but it was draining into floor drain in the basement. The leak had been there for a long time, and although there were several cosmetic improvements around it there was no attempt to fix the leak. The buyer felt that the person flipping just made the house look nice and didn't actually fix problems. Another buyer may have just said, okay, let's fix the leak.

For another type of inspection concern, one dependent on the inspector, please check out One Page Inspection Reports.

Displaying blog entries 1-3 of 3

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The Colorado Springs Group™
6665 Wild Indigo Drive
Colorado Springs CO 80923
(719) 799-3686

Kevin & Jessica
The Colorado Springs Group
6665 Wild Indigo Drive
Colorado Springs, CO 80923
(719) 799-3686