Buyer’s market in Colorado Springs

Colorado Springs is a city in the U.S. state of Colorado, located south of the state capital, Denver. It is a major ski resort in the Sierra Mountains, which may be a real attraction for investors. According to updated local news, not only town homes, but also condominiums are sold at considerably low prices in 2010 compared to last years. For example in 2009, the price of foreclosures in Colorado Springs is lower by 15% reported to 2006 highest prices. In 2010, according to the latest foreclosure listing in the area, there were a huge amount of foreclosed properties sold.

Colorado Springs foreclosure figures

According to active foreclosure listing, in the central area of Colorado Springs there are foreclosed properties, including Bank foreclosure homes, which are ready to be sold and some of them are already under contract. It proves that the market is beneficial for the buyer, considering that in 2010 the prices have decreased and, consequently, sales have increased.

Sales of foreclosures in Colorado Springs throughout the land

It’s clear that in some areas, foreclosures in Colorado Springs sell better if you compare September 2009 and September 2010. But it’s also true that home buyers in Colorado Springs have preferred VA loan and that’s why conventional loan has decreased. Besides, in September this year home buyers (15% of them) were paid by cash.

If you’re willing to invest in foreclosures in any U.S area or simply get more information about it, come to ForeclosureDataBank.com. Our database is daily updated, aiming to provide you the freshest news on foreclosures.

Similar Posts:

Share