Northgate Highlands in Colorado Springs
Welcome to Northgate Highlands, a well planned community in North Colorado Springs. Northgate Highlands is located just north of Northgate Road and about 1 mile east of I25. Northgate Highlands is a great community with a lot of open space areas that lends itself to mountain views.
Northgate Highlands in Colorado Springs has several open space areas and pathways for all residents to enjoy. There is a 3.5 acre open space area just behind Shrubland Dr also bordering Fox Run and several other cul-de-sac streets. There are also many other open space locations with pathways throughout the neighborhood allowing for private lots and open views. There are a set of ponds in the open space area to the west of Coyote Willow. Just west of the neighborhood is a huge open space area owned by the city of Colorado Springs. These open space areas allow for most homes in the area to have views of the mountains and the Air Force Academy.
The homes in Northgate Highlands are all newer homes built within the last 14 years. The floorplans are modern and and functional for today's active life styles.
If one buys in Northgate Highlands they can buy a membership to the world class Flying Horse club with a Tom Weiskopf Golf course and pay less for their home than buying in the Flying Horse community, giving you the best of both worlds.
Northgate Highlands in Colorado Springs is conveniently located about 1 mile from I25 making it attractive for those that commute to the Denver area; as well as, Colorado Springs or Pueblo. For those that work on the Air Force Academy Northgate Highlands is only 1 mile form the north gate. Less than 2 miles to the east of Northgate Highlands is state Hwy 83 for an easy commute to I470 and the Denver International Airport or to Powers for easy access to the Colorado Springs Airport.
There are always great homes for sale in Northgate Highlands. Check it out at http://www.northgatehighlands.com .
Thanks for learning about Northgate Highlands in Colorado Springs. Call us to learn more or to see many of great homes available in the neighborhood.
Access Real Estate Professionals inc.
Flying Horse is a countryclub community with a Tom Weiskopf Golf course and world class club. Homes in Flying Horse are range from very affordable townhomes, patio homes and single family homes to high end, the sky's the limit luxury homes.
If you are looking for an exclusive community, stop your search, you just found it. Flying Horse, Colorado Spring 80921 is on the north end of Colorado Springs yet very close to both I25 and Highway 83 making commutes both north to Denver and south to Colorado Springs an easy commute.
The Club at Flying Horse is not just a world class golf club it features a full size basket ball court, an extensive gym with all the equipment, a full service spa. salt water pool but also features world class dining.
Flying Horse, Colorado Springs 80921 also features a system of walking paths and private parks exclusive to the Flying Horse neighborhood.
Interested in Finding homes for sale in Flying Horse, Colorado Springs 80921? Give us a call at Access Real Estate Professionals Inc 719-310-2404 or visit our webite at http://www.lutherbenson.com . We are Flying Horse, Colorado Springs 80921 experts.
Rich Laden of the gazette wrote an article in the Colorado Springs Gazett that stated the housing market will stage a turnaround in 2012 and become one of the nation’s best, according to a national forecast by Builder Magazine. According to Builder magazine the Springs ranks No. 7 on Builder’s Top 20 list of healthiest markets the magazine is projecting for next year.
The article sited that the Department of Defense’s major presence in the Colorado Springs area — which includes Fort Carson, Peterson Air Force Base and Schriever Air Force Base — will serve as a catalyst for the local housing market, Builder suggests.
The magazine suggests Moody’s expects indicate the Springs-area home prices will climb 2.6 percent next year, while job growth will increase 1.4 percent, numbers of households will rise 1.8 percent and median incomes will jump 2.9 percent.
John Cassiani is the incoming president for the Colorado Springs Building Assoc. Cassiani says, other positives include rock-bottom mortgage rates and low prices. Many builders continue to offer incentives, such as free landscaping and finished basements.
read the full article Here: http://www.gazette.com/articles/springs-127343-list-markets.html
By Luther Benson
As published in the Gazette.
How do we help create jobs in our community? I am not an expert on how to romance big corporations by providing tax credits or incentives, but I do know that in the Colorado Springs metro area our number 1 industry is the building industry. So when home building suffers, jobs suffer and not just building jobs but jobs in other sectors of the economy are affect by those job losses. So what is one thing we can do about it?
Negative and misleading news, mostly on the national level has caused a low in consumer confidence when it comes to buying a home. Let’s examine the local market and dispel some misconceptions about our housing market.
Misconception number 1: “You can’t get a loan to buy a house right now.”
Conventional loans are available for as little as 5% down. FHA loans are also a good option for many people and come with a low 3.5% down payment. In El Paso County we currently have 14 million dollars in bond money available for first time home buyers with a low 3.9% fixed rate and Down Payment Assistance that never needs to be repaid. The definition of a first time home buyer under this program is someone that has not owned a home for 3 years. So even if you owned a home in the past, if you haven’t owned a home in the last 3 years these funds are available to those that qualify.
CHAFA (Colorado Housing and Finance Authority) also has funds available for first time buyers at a low rates and down payment.
VA is an excellent 0 down loan that is very popular for those that so honorably serve or have served in the military.
The misconception of that there is a lack of available home loans is nothing more than confusion over some changes in the way people qualify for loans. You now need to show appropriate income and a fair credit score in order to obtain a mortgage loan, which is a good thing. There are no more “no documentation” loans, which was a major cause of the subprime mortgage debacle that contributed to so many foreclosures.
If you hire a real estate broker with negotiation experience many times you can get all your closing costs paid making it even easier to get into a loan with little or nothing out of pocket. It’s also important to hire a broker that knows the ins-and-outs of lending; as well as, having the appropriate contacts to secure all types of local funding.
Misconception number 2: “I should wait until the prices drop farther.”
The average sales price is actually up compared to last year’s stats 5.1% Year to Date. The median price is also up 6.4% compared to last year at this time to $200,000. (The median price indicates the same number of homes sold above the median price as below). This stability in the market could indicate we have reached bottom.
Between 2003 and 2007 the average home price rose about 6% a year for a total gain of almost 24% in the local area. So if you bought a $200,000 house in 2003 by the end of 2007 that same home was worth $252,500. If you bought a $400,000 house that same $400,000 home was worth $505,000.
In the Colorado Springs metro area we have done much better than some areas of the country that have seen a 50% or even a 75% drop in prices. In 2008 through 2009 the local market began to correct to less inflated prices and the average purchase price dropped a total of 17% during that time. So if you bought that $200,000 home in 2003 and sold it today, statistics indicate a sales price in the neighborhood of $222,000, which is still more than the original purchase price. That $400,000 home purchase would be in the area of $445,000.
That brings us to misconception number 3: “Rates aren’t going up so there is no hurry.”
The average 30 year fixed mortgage rate from 2003-2007 was 5.75%. So if you had a $200,000 mortgage, the principal and interest (P&I) payment would be $1167 a month. If you had a $400,000 mortgage the payment (P&I) would be $2334 a month.
Today the rates for a 30year fixed rate mortgage are in the area of 4% to 4.25%. Comparing that same $200,000 mortgage at 4.25% the payment would be $983 and that $400,000 mortgage would be $1967 a month.
So what if you sold that $222,000 house and bought a $300,000 house? The difference in payment from the 5.75% rate to the current 4.25% rate is only $144 a month for $80,000 more in house.
Misconception number 4: “Homes aren’t selling so why bother?”
7005 homes have sold Year to Date in our community. This is an average of 4.4% less than last year but the most interesting fact is that the sales volume for our area was up from last year’s stats to $1,601,307,975 in single-family homes sold, an improvement of .4% from last year.
Misconception number 5: “It’s better to wait until the market improves.”
Since markets are cyclical we know that the prices will surely go up again and this market will be a blur in our memories.
So since history repeats itself and the market will again rise, should you sell and buy a house now? For some the answer is to stay put but for many that are on the fence they should be jumping in. Anyone that does not own a home now or will be making a “move up” buy should be thinking about buying a home now. Investors too should be taking advantage of the low rates, higher home inventories and good prices.
Home prices are stabilizing and the economy is beginning to improve. In order to keep inflation in check the rates may begin to go up soon, so I recommend acting as soon as possible. Most banks are trying to move their foreclosure inventories and are slashing prices. You may have heard buying a short sale can be a difficult process but the short sale process is improving making buying short sale easier as well.
This is likely the most advantageous time to buy a home in the foreseeable future. Buying a home now not only benefits the home buyer but will also help get our local economy back on track by putting people back to work in our number one industry. How can we help the local economy? Buy a house!
Note: Rates have gone up a little since the printing of this article in Nov but are still excellent.
Local statistics derived from the Pikes Peak MLS.
Local statistics derived from the Pikes Peak MLS.