The Heights at Templeton subdivision (also known as Templeton Heights) is 130+ houses in the Stetson Hills area of Colorado Springs.
Built in the early 2000’s the homes vary in size from under 1,500 square feet to nearly 5,000 square feet. 48 of the houses have a 3 car or over sized gargage of 462 square feet or larger.
Only 10 of the houses are ranch (single floor) and they are all less than 1,500 square feet. The rest of the houses are two story.
There is extensive shopping on Powers Blvd. just a few minutes away. The Heights at Templeton is in an excellent central location just minutes from the “new” St. Francis Hospital and Medical Center which has been rated in the top 50 in the United States.
Data is for houses that closed between April 20th and November 20th of 2010 and 2011.
| 2010 - 8 sold | Beds | Baths | Finished Square Feet | List Price | List Price / Square Feet | Sold Price | Sold Price / Square Feet | Sold Price / List Price | DOM |
| High | 4 | 4 | 4,315 | $575,000 | $193.28 | $546,915 | $183.84 | 102% | 141 |
| Low | 3 | 2 | 2,094 | $195,000 | $69.50 | $190,000 | $68.37 | 95% | 3 |
| Median | 3 | 3 | 2,799 | $243,950 | $88.68 | $240,500 | $88.68 | 97% | 69 |
| 2011 - 4 sold | Beds | Baths | Finished Square Feet | List Price | List Price / Square Feet | Sold Price | Sold Price / Square Feet | Sold Price / List Price | DOM |
| High | 5 | 4 | 4,214 | $489,000 | $164.15 | $485,000 | $162.81 | 102% | 67 |
| Low | 3 | 3 | 2,094 | $197,100 | $76.25 | $189,000 | $73.11 | 96% | 22 |
| Median | 3 | 4 | 2,782 | $272,400 | $90.46 | $272,500 | $91.09 | 98% | 36 |
"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period April 20, 2010 through November 20, 2010 and from April 20, 2011 through November 20, 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."
ANALYSIS:
With such a wide variation in square footage the Heights at Templeton subdivision is both a starter and move up neighborhood.
The trends for the Heights at Templeton subdivision are several very encouraging:
List price per square foot increased by $1.78 per square foot ($88.68 to $90.46).
The sold price to list price grew by 1 % from an already strong 97% to 98%.
Listing agents and sellers are doing a good job of setting list prices as the days on market (DOM) decreased from a very respectable 69 days down to a very seller favorable 36 days.
The sold price per square foot also made a nice gain of $2.41 ($88.68 to $91.09)
Volume was down from 8 units sold in 2010 to 4 in 2011. Tighter mortgage qualification requirements really impact buyers in this price range.
SUMMARY:
The Heights at Templeton subdivision is in a great location and should be popular for years to come.
These houses are just getting to the age that their functional components, roof, heat and AC, water heater, etc. need to be carefully evaluated. In some cases replacements have already been made. As Colorado Springs only “Home Inspection & Safety Consultant” I can help you compare the value of one house that needs updating to another that has been updated. For a free, no obligation look at some of these homes or to have new listings automatically sent by email, call or text me at 719-304-4684 or email me. Remember that I’m the only broker committed to work through all available houses that may be for sale, not just those listed in the MLS. Search smarter, contact me today.
Comments (0)Subscribe to CommentsComment