Colorado Springs Among Leading USA Real Estate Markets The National Association of Realtors listed the Colorado Springs real estate market #12 in the USA. The demand for single-family homes in The Springs is driving prices up and current inventory down. In fact, homes priced under $300,000 are being snatched up in a flash. Economic uncertainty is forcing owners of lower-priced homes to stay put, another factor contributing to the lowest inventory in more than 20 years. Home sales in El Paso County … [Read more...]
Colorado Springs Real Estate Market – Aug 2015
Colorado Springs Real Estate Market – Aug 2015 Today we will bring up about a dozen indicators in the Colorado Springs real estate market as of the end of August 2015. It’s pretty easy to analyze Year-over-Year figures from August 2014 to August 2015 for the real estate market in El Paso County. Prices continue to go up as inventory shrinks. Previously distressed homeowners are stabilizing as their home values improve. The element of rising interest rates has been a mirage four years now. Recently, … [Read more...]
9 Factors at Play in ’14 Colorado Springs Real Estate Market
9 Factors at Play in the 2014 Colorado Springs Real Estate Market One expert may say the 2014 Colorado Springs real estate market is on fire, another describes sales as hesitant. The following 9 factors are presently intermixing in a way hard to predict. Low interest rates Low inventory Limited numbers of new and affordable homes Increasing Median and Average sales prices Faster home sales Fewer distressed properties, more underwater homes Regional popularity Better jobs numbers and … [Read more...]
Jobs, Golf and Colorado Springs Real Estate Market
Jobs, Golf and Colorado Springs Real Estate Market Interesting how the economy plays such a role in the Colorado Springs real estate market, isn’t it? The Gazette Newspaper (5/29/14) just reported encouraging jobs numbers for Colorado Springs. They also noted a study which laments the lack of affordable housing in Colorado Springs. Perhaps golfers are caught in the middle. A recent statistic reported in the Colorado Springs Business Journal (5/23/14) shows fewer people these days have the money to … [Read more...]
Special Event Morale Boosters in Colorado Springs
Organizations, colleges, clubs, businesses, and individual residents of Colorado Springs CO homes have what it takes to pull off every kind of event. From arts and craft fairs to 5K and bicycle races, to excellent visitor and convention accommodations – practically every type of special event can be accommodated somewhere within the Colorado Springs real estate market. Colorado Springs hosts year-round major conventions and international sporting events and is well-known for tourism. The City of … [Read more...]
Colorado Springs Colorado Homes in Northgate Area
Just east of the North gate of the US Air Force Academy, the Northgate section of distinctive Colorado Springs Colorado homes features wondrous views of Pikes Peak from the rolling hills as well as excellent parks and trails, mountain recreation, and highly regarded school districts. Northgate offers excellent access to amenities and employment in Colorado Springs and Denver. Several popular subdivisions and planned communities are situated in the Northgate sector of the Colorado Springs real estate … [Read more...]
Inventory for New and Existing Colorado Springs CO Homes
Inventory remains low for new and existing Colorado Springs CO homes and El Paso County area. For the market of single-family homes and patio homes, Colorado Springs only shows about three months’ worth of properties. Over 1000 homes sold in May 2013 at a median sale price of about $216,000. Optimally, in a healthy market, there is a 5.5-month supply of homes for sale. The Colorado Springs CO homes market may experience rising inventory over the next several months. As prices edge up, more sellers are … [Read more...]
8.2 Percent YoY Increase in Colorado Springs Home Prices
CoreLogic released new figures important to the Colorado Springs home market. Year-over-year sales prices went up 8.2 percent as of April 2013. That is a good sign for the real estate industry in Colorado Springs. Moreover, if the sales of distressed properties are excluded then prices still climbed 7.1 percent year over year. The national year-over-year average is 12.1 percent. While that is a high average home appreciation rate, it pales when compared to other US markets. Generally speaking, the … [Read more...]
Business up 4.6% for Colorado Springs Homes, Auto, Etc.
A recent report highlights the leading role of the Colorado Springs homes market and auto sales to economic recovery in the region. The local economy has been growing slowly and is up 4.6% year-over-year in March 2013. The information comes from the Southern Colorado Economic Forum which publishes reports entitled Quarterly Updates and Estimates. The sales stats add to improving confidence throughout El Paso County. Several elements suggest strengthening economies over numerous sectors. One is the … [Read more...]