Colorado Springs Real Estate-Joe Boylan

Colorado Springs Custom Home Under Construction

Joe Boylan (Boylan and Company) — Thu, 12 May 2011 14:23:12 -0700

Homes by Michael Hall is Building a custom home for some of our clients in the Cathedral Pines subdivision. Here is a quick little video that shows the end of excavation and the beginning of footer installation and foundation

Colorado Springs Rental Rates for April of 2011

Joe Boylan (Boylan and Company) — Thu, 12 May 2011 14:19:05 -0700

The rental numbers are in for Colorado Springs Rentals for April of 2011. The big surprise is the traction we are seeing in the larger home market. These are homes that have five or more bedrooms. We are seeing a lot more interest in these homes and as this chart shows, April shows a sharp spike in rental rates for these homes as well. For a complete overview and breakdown of these numbers, visit http://www.springshomesforrent.com

15872 Paiute Cir. | Spotless, Monument, CO. Two Story

Joe Boylan (Boylan and Company) — Tue, 25 Jan 2011 18:25:31 -0800

Located in Jackson Creek, Monument on a cul de sac within Lewis Palmer 38 school district this home is ready to move in. It boasts three bedrooms, two and a half bathrooms, formal living areas and much more. Perfectly located a short distance to schools, shopping and I-25, allowing easy access to anywhere along the Front Range. The home has many upgrades, custom touches, built in decorative niches, natural light and much more. The main level has hardwood floors, neutral carpet and custom paint. Built in bookcases and bay windows are offered up in the formal living and dining rooms. The family room offers a beautiful fireplace, vaulted ceilings and looks over to the gorgeous upgraded kitchen. Stainless steel Electrolux and Bosch appliances are throughout this amazing space with hardwood floors, large prep sink, Corian counters, smooth top cooking surface and walk in pantry. The four to five car garage is a hard to find feature providing plenty of parking, workshop area, storage and anything else you can think to do with such a generous space. The upper level has 2 secondary bedrooms, large full bath with double sinks and an amazing master suite. This home will end up on the top of your list for many reasons.

Spotless, Monument, Colorado, Two-Story produced by Joe Boylan on WellcomeMat

For More Information, please visit http://www.paiutecircle.com/

4-Principles of Home Sales-Principle #1 Location (Of Course)

Joe Boylan (Boylan and Company) — Tue, 11 Jan 2011 19:13:45 -0800

One of the first questions we generally get from home sellers is, do you think my home will sell?

Of course what they really mean is, will my home sell quickly and for the price I want? Of course, the answer is always the same…it depends!

All Homes Sell…eventually! But if you need to sell in a realistic timeframe, say 3 to 6 months then there are four principles you should understand.

The four major principles in residential real estate sales are location, condition, price and exposure or marketing. Let’s look at location first because that’s the one sellers don’t control.

Location was determined when your home was built. In some cases, location can actually improve as a neighborhood develops, maybe a vacant field becomes a park or the access to a new trail is close by, but for the most part location generally stays constant. Here are the factors that impact location.

First of all, is the neighborhood hot? Neighborhoods tend to be cyclical, this is usually based on stuff like schools, amenities or gas prices. For example, if gas prices are high we tend to see a cooling in neighborhoods that are further out and would require more driving. School Districts tend to fall in and out of favor with parents and students, this impacts neighborhood desirability as well.

Assuming that your neighborhood doesn’t have any significant issues the next factor we look at is the location of the home within the neighborhood. For example homes on or backing to busy streets, corners and intersections tend be less desirable then those that back to open space or just to another house.

Finally, we look for views and trees. Here in the Pikes Peak region, this one’s a biggie. Homes that have a view tend to be more desirable then those without. Trees are in the same category as views, I’m not talking about the kind of tree you drive down to the nursery and buy, I’m talking about big, slow growth, naturally occurring ponderosa pines. Treed lots fetch more than barren lots. The combination of trees and views, tend to bring the highest premium, unless of course, any of the previous conditions exist.

So once we analyze the location of your home we have a concrete baseline to work from when assessing salability.

Average Rental Rates for Colorado Springs Homes For Rent

Joe Boylan (Boylan and Company) — Thu, 06 Jan 2011 15:55:57 -0800

We are wrapping up our end of the year statistics for all property classes and types. I found this chart to be very interesting. It's a look at the 2010 average rental rate for Single Family Homes with 5 or more bedrooms. What I find so interesting about this graphic ic how predictable the Colorado Springs Real Estate Market is. This chart follows the same kind of seasonallity we see in the residential resale market.

We put this data together with the help of the Pikes Peak MLS. This information is deemed RELIABLE but is not GURANTEED. As a matter of fact there are very few guarantees in life and we think it would be unwise to look to a regional MLS for one.

For More information on Colorado Springs Homes For Rent

Colorado Springs Vacancy Rates 2010 Second Quarter

Joe Boylan (Boylan and Company) — Wed, 03 Nov 2010 22:23:30 -0700

Colorado Springs residential vacancy rates have dropped for the second straight quarter in 2010, according to the Colorado State Division of Housing. I their latest "Apartment Vacancy and Rent Study", the division reports that El Paso County vacancy rates have dropped to 5.8%, the lowest number since Q3 of 2001. The division goes on to attribute this drop to incoming troop movements to Fort Carson.

This is great news for local "buy and hold" real estate investors. With unprecedented low interest rates and more proposed troop movements back into Colorado Springs, now is a great time to grow a real estate portfolio. For more information on Property aqusition and property management visit: http://springshomesforrent.com

Colorado Springs Home For Sale-4475 Campus Bluffs Ct.

Joe Boylan (Boylan and Company) — Fri, 25 Jun 2010 12:17:52 -0700

We have just listed this beautiful 2-Story Home, located in the popular, Campus Bluffs subdivision. This gorgeous two story home is located in the center of town and backs to natural preserve with views of rock formations. The main level features formal living spaces with gas fireplace and grand entry. The kitchen features stainless steel appliances and wood floors that open to a vaulted family room.Double staircase leads to two additional bedrooms, loft and large master suite.

For more information, please visit: http://www.Campus-Bluffs.com

Broadmoor Resort Community-Home For Sale

Joe Boylan (Boylan and Company) — Mon, 21 Jun 2010 13:44:12 -0700

We have just listed this beautiful new home in the Broadmoor Resort Community. This Home features Vaulted ceilings with alder beams, alder doors throughout, 3 fireplaces, double stair case, large kitchen with island, upgraded appliances, hardware and light fixtures, 2 rear patios, private backyard with stream. Main level master features plantation shutters,travertine, steam shower, Jacuzzi, fireplace. 2 bedrooms up with large loft/study. Rec room in lower level with additional 2 bedrooms. 2 furnaces, 2 hot water heaters, air filter system, work shop with storage.

For more pictures and information, please visit: http://longwoodpoint.com

New Listing in Cumbre Vista

Joe Boylan (Boylan and Company) — Sat, 05 Jun 2010 18:59:20 -0700

New Colorado Springs Home For Sale

We have just listed this beautiful walk-out ranch plan in the popular Cumbra Vista subdivision. Built and designed by local home builder Keller Homes, quality is evident throughout the entire home. This home features 3 bedrooms, 2 baths and over 3,200 square feet. For more information visit: http://www.MountHuron.com

Property Details

List Price	$325,000
Bedrooms	3
Baths	2
Square Footage	3,276
Garage	2-Car Attached
Year Built	2009
School District	Academy District #20

This information provided by: http://www.springshomes.com

Use Flickr to Improve You Photography Skills

Joe Boylan (Boylan and Company) — Sun, 11 Apr 2010 11:54:40 -0700

Flickr.com is a great site for online photo management a sharing. This site is rich with features and continues to grow and improve. My personal favorite feature is the groups and more specifically the “Photography For Real Estate” Group. If you’re looking to improve your photographic skills, this is the place to start.

This group is a place where real-estate photographers to post their work and look for feedback from other professionals. The conversation on the site is generally constructive, so it is a great place for the enthusiast or beginning photographer to learn about what makes a great real estate photo. Additionally, photographers post a list of equipment and lighting used for each shot. Again, this is another really helpful feature for anybody looking to improve their real estate photography skills.

This group features some really talented photographers using advanced techniques to create some amazing photographs. Once you visit the group that becomes very apparent as to the type of photographs appropriate for submittal and feedback. So, whether you choose to lurk or participate this is a great place for anybody with an interest in real estate photography to see what constitutes great real estate pictures. Check it out!

Taking Better Pictures, Just Got Eaiser

Joe Boylan (Boylan and Company) — Wed, 17 Mar 2010 21:35:56 -0700

Taking interior pictures of a listing can be very challenging. Most of the problems occur due to a general lack of decent light. Well, I have seen the light! Gary Fong has come out with a great little helper for real estate photographers everywhere. The Gary Fong Lightsphere really helps on those dark rooms, especially when you have the classic intense light coming in through the windows, creating that scary “cave effect”.

This diffuser does a great job of dispersing light around the entire room. With a little exposure adjustment this tool helps you take some great interior images. You have to have a speedlight type external flash, the unit slides over the front of the flash and then a Velcro strap secures the diffuser to the flash but once secured the grip is so strong that it can support the entire weight of a camera, drive and flash securely.

For more information on this Cool Tool visit http://store.garyfonginc.com/diffusers.html

To see the results visit my listings: http://springshomes.com/featured.php

Is Weather Causing a Slow Down in Foreclosures?

Joe Boylan (Boylan and Company) — Tue, 16 Mar 2010 22:50:50 -0700

This week’s wrap up looks at the current state of mortgage interest rates, activity in the local Pikes Peak area as well as national and international real estate news.

Each week Fannie Mae surveys lenders across the country to determine the average 15 and 30 year mortgage rates and the points required to get that rate. This week the 30 year rate ended the week at 4.95% which is down slightly from last week. The 15 year rate ended the week at 4.32% also slightly down from last week. The Mortgage Banker’s Association reports that residential real estate mortgage applications are up and the percentage of those for home purchase rather than refi are on the increase; both good signs. The Wall Street Journal compiled some great information on the refinance situation many current homeowners can’t or won’t participate in. Record low interest rates are no match for new credit standards, decreased value which may require additional private mortgage insurance and thousands upfront in fees. Current homeowners should take a read because it does provide some interesting information.

Nationwide, foreclosure filings for February are up 6% over February one year ago. This is actually the smallest increase in four years giving economists and industry analyst’s cautious optimism about the state of foreclosures. In reality, it is expected that this “decline” is actually due to the severe weather experienced around the county causing a delay in processing. Additionally, many lenders put a national moratorium on filing foreclosures to examine opportunities to help homeowners in trouble. As we have discussed before on SpringsBlog, the shadow inventory to potentially hit the market middle of this year is expected to erase gains and hold appreciation down for the following twelve months until that inventory is absorbed by the market. The Washington Post had an interesting article this week covering shadow inventory and anticipated future foreclosures. RealtyTrac reports that there were 308,524 filings in the U.S. during February. The vast majority (61%) of the filings are concentrated in California, Florida, Michigan, Illinois, Arizona, and Texas. In Florida and Arizona, 1 in every 163 homes received a foreclosure notice. As a state, Colorado ranks 39^th nationally according to RealtyTrac with one out of every 418 homes in some type of foreclosure activity. This number matches the national average. This is a dubious accomplishment since Colorado has ranked in the top five or ten of foreclosures nationally. Colorado Springs, in particular, is 48% below the national average for foreclosure activity. Approximately 3.5% of mortgages in the city are in delinquency.

In spite of the national picture Colorado and Colorado Springs continues to hold its own. Stay on top of the monthly numbers at Springshomes.com. The Pikes Peak MLS will be releasing March 2010 numbers and we will have a complete analysis up by the 10^th of April. Check us out monthly for the latest numbers.

Just Listed-Southwest Colorado Springs Townhome

Joe Boylan (Boylan and Company) — Wed, 10 Mar 2010 15:21:09 -0800

$184,900.00 - Southwest Colorado Springs-Near Fort Carson and The Broadmoor Hotel

Location: Broadmoorings

This beautiful, three bedroom, three bath home is located in the Broadmoor, its sub-divisioned in the fantastic southwestern part of Colorado Springs. The main level consists of the office, half bath, living room, dining room and kitchen. Upper level consists of two bedrooms, two full baths and the laundry. This home is perfect for anyone on the go, the lawn care, snow removal and all those time consuming outdoor chores are maintained by the association. There’s also the fantastic added bonus of a clubhouse and pool. Central air-conditioning, a two-car attached garage and no maintenance all make this a very desirable home.

Contact Information

Boylan and Company

719-388-4000

Pricing

Price: $184,900.00

Property Location

3048 Capstan Way

Colorado Springs, CO 80906

View Map

Links

Colorado Springs Real Estate

Colorado Springs Homes For Sale

Features

Bedrooms: 3	Bathrooms: 3
Parking Spaces: 2	Year Built: 1994
Subdivision: Broadmoorings	Garage Size: 2-Car
School District: Harrison #2	Square Footage: 1632
Agent Name: Jennifer Boylan	Broker: Boylan & Company
MLS #: 628178

Attributes

Appliances

Range/Oven

Full Refrigerator

Dishwasher

Sink Disposal

Microwave

Interior Amenities

Fireplace

Hardwood Floors

Exterior Amenities

Patio

Equal Housing Opportunity

VFLYER ID: 3176775

Photo Gallery

Equal Housing Opportunity

VFLYER ID: 3176775

All information in this site is deemed reliable but is not guaranteed and is subject to change

Low Cost Stimulus Plan!

Joe Boylan (Boylan and Company) — Sat, 10 Jan 2009 08:58:52 -0800

Here is a simple, straightforward plan to stimulate the economy. I received this in a cc: from my favorite lender. It was a message to Carmen Wong Ulrich at CNBC. I've been waiting but it hasn't made to air, I thought I'd post it here!

I am a 16 year mortgage veteran with a real idea on a low cost stimulus plan.
The biggest problem with refinancing people that are paying their mortgage on time is appraisals.

Many worthy people bought their home at the peak of the market and now can't refinance because they are upside down on value. They don't have enough equity to take advantage of the current low rates. They are missing out on lowering their payments by $100 to $400 dollars per month because their home won't appraise at value, with enough equity. They have paid on time and will continue BUT they don't have enough equity.

Let's let them refi without appraisals. This would pump BILLIONS of dollars back into the market monthly.The new investors that would be buying these loans would be guaranteed the top 25% to 40% of each mortgage. Just like V.A. and F.H.A. loans now. The only cost to the government would be the foreclosures which would be minimal because these are the GOOD borrowers who have been paying their mortgages on time and will continue to.

This is a LOW COST bail out that would stimulate the economy with much less cost than many proposed plans.

Makes sense to me!

Colorado Springs Northgate-Sales Data for December 2008

Joe Boylan (Boylan and Company) — Wed, 07 Jan 2009 18:15:15 -0800

Northgate Real Estate Sales Report For December of 2008:

The Northgate area actually had a pretty good December. Northgate is a small MLS area so seeing 19 sales in what is traditionally a slower month is actually quite impressive.

Northgate is one of the fastest growing areas in all of Colorado Springs, both residential and commercial.

Here is a look at the sales statistics for the Northgate Area:

Status	MLS	Zip	List Price	Sold Price	Acres	Beds	Baths	Garage	Year Built
Sold	460284	80921	$756,000	$649,754	0.28	5	4	3	2007
Sold	537037	80921	$334,000	$310,000	0.36	6	5	2	1988
Sold	434788	80921	$301,000	$297,000	0.21	5	3	2	2000
Sold	449913	80921	$499,900	$475,000	0.22	4	3	3	2005
Sold	554053	80920	$257,220	$250,000	0.087	4	4	2	2008
Sold	489537	80908	$369,000	$369,000	0.22	4	4	3	2006
Sold	529945	80921	$565,900	$555,900	0.22	4	4	3	2008
Sold	500165	80921	$295,000	$292,000	0.21	3	3	2	1999
Sold	500557	80921	$197,150	$195,000	0.089	3	3	2	2008
Sold	571032	80921	$184,900	$179,900	0.074	3	2	2	2006
Sold	426286	80921	$429,900	$432,900	0.20	4	4	3	2008
Sold	497136	80921	$216,200	$220,000	0.34	3	4	2	1988
Sold	565570	80921	$229,900	$220,000	0.16	3	2	2	2005
Sold	514636	80921	$335,000	$340,000	0.14	5	3	3	2006
Sold	452816	80921	$337,500	$315,000	0.20	4	3	3	2001
Sold	552754	80921	$295,000	$275,000	0.39	4	4	2	1986
Sold	440803	80920	$259,900	$255,500	0.24	5	3	2	2002
Sold	592754	80921	$640,864	$640,864	0.37	2	2	3	2008
Sold	521544	80921	$528,339	$523,339	0.36	4	3	3	2008

If you are considering selling your home, make sure you choose a Realtor that knows how to price, stage and market your home.

Choose Real Estate Professionals Joe and Jennifer Boylan: Click Here to take a look at our Seller Marketing Plan

Monument and Tri-Lakes Sales For December 2008

Joe Boylan (Boylan and Company) — Wed, 07 Jan 2009 16:33:11 -0800

Here are the sales results for the Tri-Lakes market for the month of December 2008. Although this is a weak showing the good news is the Tri-Lakes market is leveling off. Sales in December were close to the same as the November numbers.

The activity has picked up an interest rates a bound to bring some of the pent up buyer demand in off of the bench.

Here is a closer look at the sold data for December:

Status	Mls Number	Zip Code	Listing Price	Sold Price	Acres	Bedrooms Total	Total Bath	Garage Spaces	Year Built
Sold	596344	80132	$595,000	$595,000	0.5693	5	5	3	1992
Sold	517362	80132	$349,900	$339,900	0.6084	4	4	3	1987
Sold	574279	80132	$700,000	$625,000	2.52	5	5	3	2007
Sold	532974	80133	$214,700	$197,500	0.1313	4	2	2	1998
Sold	473483	80908	$549,000	$525,000	3.27	4	5	3	2000
Sold	554923	80132	$705,000	$660,000	2.5	4	5	3	2004
Sold	573758	80132	$545,000	$510,000	2.55	4	5	3	2003
Sold	473078	80921	$525,000	$523,000	0.5986685	4	4	3	1998
Sold	501698	80921	$474,900	$450,000	2.52	5	4	3	2003
Sold	424968	80132	$400,000	$375,000	0.63	5	3	3	2007
Sold	592339	80132	$154,900	$154,900	0.23	3	2	2	1984

If you are considering selling, make sure you choose a Realtor that knows how to price, stage and market your home.

Choose Real Estate Professionals Joe and Jennifer Boylan: Click Here to take a look at our Seller Marketing Plan

Colorado Springs Real Estate-Days On Market For November 2008

Joe Boylan (Boylan and Company) — Sun, 14 Dec 2008 17:29:11 -0800

In a month that's shown some not so impressive numbers, one of the highlights for November of 2008 is the Days on Market statistic. We are currently sitting at an average of 82 days on market.

This is actually the fewest Average Days on Market for this year. Here is an overview of the Year To Date, Average Days on Market.

This number really isn't a reflection of the health of our market but more a reaction of the market to the market place. Many sellers have chosen the rental market or to just sit on the sidelines. On the other hand there aren't a lot of buyer in the market either.

Colorado Springs Real Estate-Listing Discount For November 2008

Joe Boylan (Boylan and Company) — Sun, 14 Dec 2008 16:43:42 -0800

In a month that's seen a lot of lack luster numbers the Listing Discount for November of 2008 actually looks pretty good. The current number is at 2.6 % of list price, this number has been as high as 3.7% in recent history.

Take a look at the Year To Date Listing Discount numbers for Colorado Springs Real Estate in 2008.

This information provided by Joe Boylan: http://www.springshomes.com

Average Sales Price For Colorado Springs Real Estate-November 2008

Joe Boylan (Boylan and Company) — Sun, 14 Dec 2008 16:26:55 -0800

With the final numbers in from the Pikes Peak Association of Realtors for the month of November 2008. The Average List Price has reached a new low for the year.

I think this is more a reflection of lack of listing activity as opposed to lack of value. In other words, we are seeing fewer listings and certainly fewer higher end listings. Sellers are opting to get into the rental market or sit on the sidelines as opposed getting in the game and risking a sack.

Here is a look at the Year to Date Average Listing Prices for the Colorado Springs Real Estate Market. As you can see the decline has been gradual. Colorado Springs is for the most part a very conservative/stable market, so as this graphic shows, we don't tend to see dramatic swings i nour market statistics.

Setting the Record Straight on Pikes Peak vs. Pike's Peak

Joe Boylan (Boylan and Company) — Sun, 14 Dec 2008 14:26:22 -0800

I was recently chastised by a reader for not including an apostrophe in Pikes Peak.

Just to set the record straight, according to Wikipedia in 1891, US Board on Geographic Names recommended against the use of apostrophes in names.

Additionally, in 1978 the Colorado state legislature passed a law mandating the use of "Pikes Peak" only.

So if you're an Old Timer, pre 1891 or 1978, go ahead and use Pike's Peak...Just understand, the rest of us have the State Legislature on our side.

Colorado Springs Real Estate-Median List Price November 2008

Joe Boylan (Boylan and Company) — Sun, 14 Dec 2008 14:11:54 -0800

Colorado Springs Real Estate numbers are on from the Pikes Peak Association of Realtors for the month of November of 2008. The news is not great, at least for home sellers.

The Median List Price is an important number as it points to the direction of housing prices in general. Having said that, the Median List Price is now $192,000 it's lowest point of the year.

Here is a look at the 2008 Year To Date numbers for the Colorado Springs Median List Price.

Colorado Springs Real Estate-Inventory Statistics November 2008

Joe Boylan (Boylan and Company) — Sun, 14 Dec 2008 13:21:21 -0800

Colorado Springs Listing Inventory Numbers:

The November 2008 numbers have been released by the Pike Peak Association of Realtors. Although there are some numbers of serious concern, (499 sales for the month) There are some promising numbers. The number of months of standing inventory is down to 7.5 months.

My hunch is that this is based more on sellers choosing to sit on the sidelines then is some indication of market health. Having said that, I am still happy to see this number drop as we've seen it as high as 10 months earlier this year.

Here is an overview of our Colorado Springs Real Estate Market inventory times.

Video Marketing For All Listings

Joe Boylan (Boylan and Company) — Wed, 10 Dec 2008 18:14:08 -0800

Here is a brand new video for a 1,600 square foot home we have listed for sale in Monument, Colorado. When people learn we do video marketing for our listings they usually make the assumption we only do video for the true luxury properties. We have actually found video to be really effective for all of our listings, regardless of price or size.

Here's a great home in excellent condition, priced aggressively at $210,000

1417 Red Mica Way

Jackson Creek-Location and Convenience

Joe Boylan (Boylan and Company) — Sun, 16 Nov 2008 18:01:30 -0800

Jackson Creek is popular residential community located close to the northern edge of El Paso County, Colorado. Jackson Creek is just minutes from the north end of Colorado Springs and approximately 30 minutes south of Denver, Jackson Creek is one of the fastest growing parts of the Front Range.

Jackson Creek is a master planned community featuring 1,200 acres of traditional neighborhood, featuring shopping, restaurants, schools, open space and some of the most awe inspiring views along the entire front range of Colorado.

Jackson Creek offers a wide range of housing options from maintenance free patio homes and smaller single family homes to large estate quality custom homes.

This map shows the boundaries and amenities of the Jackson Creek neighborhood.

View Larger Map

Provided by Joe Boylan: http://www.springshomes.com

Abert Estates-The Equestrian Life with Amenities

Joe Boylan (Boylan and Company) — Sun, 16 Nov 2008 11:21:04 -0800

Abert Estates is located in the northern part of Colorado Springs, Colorado. This community offers residents the opportunity to live in a relaxed equestrian community while staying in close proximity to some of the best amenities Colorado Springs has to offer.

Homesites in Abert Estates average 5 acres in size and allow for up to four horses per property. Thia area features some of the most incredible views in along the entire front range and is in close proximity to the Club at Flying Horse, The Promanade Shops at Briargate as well as the rapid growth and development we are seeing in the Interquest area.

This map will give you a sense of just how convienient the location is:

View Larger Map

Provided by Joe Boylan: http://www.springshomes.com