Fox Run is a beautiful neighborhood in the trees in northern Colorado Springs, just off the beaten path with easy access to I-25 and Hwy 83 and adjacent to the acreage of Fox Run park. The 14 homes currently for sale range from $375,000 for a home that needs updating to $950,000 on the high end. The average home currently for sale is $510,000, with many available in the $400,000s. There have only been 3 home sales in the past 6 months (see details below), which means that there is currently 28 months of inventory.
Recent Sales:
15696 Wildwood Ct., 2 story, 2001, 5 beds/4 baths/3 car, 4318 s.f., $480,000, 3/4/2011
15765 Pineycove Ct, 2 story, 1998, 5 beds/4 baths/3 car, 5556 s.f., $530,000, 2/7/2011
15630 Falcon Ridge Ct, Ranch, 2001, 4 beds/3 baths/3 car, 5684 s.f., $600,000, 1/10/2011
If you would like to see the homes currently available in Fox Run or in neighboring areas, go to http://searchmonumenthomes.com/
Monday, March 28, 2011
Monday, March 21, 2011
Traditional home sale prices hit new low in Kings Deer
For only the second time since 2004, a Kings Deer home over 5000 square feet that is NOT a foreclosure, has sold for under $500,000 (less than $100/sf). The first time was in 2008 and it was a divorce/financial distress sale and the home had been on the market for nearly a year. The most recent sale was in December 2010. The home at 710 W Trumpeters CT built in 1997 has 5 beds, 4 baths, 3 car garage and 2.5 acres in the trees. According to the listing agent, it was in beautiful condition and the cash buyers got a great deal. It sold for $490,000, setting a dangerous precedent for future traditional home sales in the neighborhood. This sale was a corporate relocation, so the sellers were incented to sell it quickly in order to take advantage of their company's relocation assistance package.
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