Business in Colorado Springs

East of the Cheyenne Mountain, tucked away in the shadow of Pikes Peak is Colorado’s 2nd largest city, Colorado Springs – a home-rule municipality, economic hub, and major tourism destination attracting people (and business) from all over the country. If you’re an entrepreneur looking to start fresh or relocate, read on to discover some of the city’s key benefits. Affordability With 2% lower housing expenses and utility prices 26% below the national average, Colorado Springs offers its denizens an uncommonly affordable cost of living. This is a key reason why so many young workers have recently flocked to the city, looking for a more cost-efficient way ofRead More →

Forest Meadows Real Estate September 2021

Forest Meadows Real Estate September 2021 show that home appreciation is still in the double digits. In fact, the median and average prices increased nearly 20% from last year! The median price is up 21.6% at $475,000 making it the second-highest we’ve ever seen! The average price is up 19.3% at $470,409 (over $76k from last September!). Not to mention, buyers paid almost 3% over asking price on average last month in this neighborhood! Homes are still in high demand in Forest Meadows with an average of 6 days on market!  Home sales were down 31.3% at 11 homes sold last month. Prices of closed sales range from $420,000 to $520,000,Read More →

Forest Meadows Real Estate August 2021

Forest Meadows Real Estate August 2021 show that even though sales were down nearly 33% last month, home prices are still soaring in Forest Meadows and The Trails. We broke yet again another record for the average and median home prices! The average price rose 19.7% to $475,792 (up  over $78,000 in one year!). The median price hit $476,125 which is up 20.5% or over $81,000 in a year!  The average time on market last month was 12 days. Don’t be fooled though– demand is still high! Homes are still selling for about 2.4% over list price on average showing that people are willing to pay more to winRead More →

COVID 19 Testing in Colorado Springs

This is a more current list of available sites for COVID 19 Testing in Colorado Springs and the surrounding areas. For questions and more information, please visit the El Paso County Health Website. Community Testing Site Locations: Fountain: 6436 US Highway 85-87, Colorado Springs, CO 80817 (El Paso County Public Health South)Fountain pre-registration information. Monday – Sunday 8 a.m. – 6 p.m. Falcon/Peyton: The Falcon/Peyton testing site has moved to 12072 Royal County Down Road, Falcon, CO 80831 (Behind Falcon Fire Station 1)Falcon pre-registration information. Tuesday and Thursday 9 a.m. – 2 p.m. Chapel Hills Mall Testing Site: The Chapel Hills Mall location is in theRead More →

Forest Meadows Real Estate Stats July 2021

Forest Meadows Real Estate Stats July 2021 proves that the real estate market in Forest Meadows remains strong! As 16 homes sold last month plus 15 homes pending sale as of 8/5. Price appreciation remains in the double digits with a new record-breaking average price of $473,188 (up 18.3% from last year). We also had a new record median price of $467,250 which is up 17.6% from last year. On average, homes are selling for roughly 3.6% above asking price, indicating that demand for homes in our area has not dwindled. Homes continue to sell very fast in our neighborhood with an average time on market of only 4 days! Now isRead More →

upcoming events in Colorado Springs

Here are the latest upcoming August 2021 events in Colorado Springs. Vino & Notes Wine Festival A jazz, food and wine festival in Woodland Park, CO! Dates: August 7, 2021Times: Noon – 8:30pmLocation: Memorial Park, (117 Center Ave.) Woodland Park, COCost: $40 per person day of, $35 advanced tickets Ride for the Brand August 7th, 2021Gate Opens at 4 p.m. Rodeo at 6 p.m.​Dance in the Dirt 8 p.m. Norris Penrose Event Center​Colorado Springs, Colorado ​General admission Tickets starting at just $17 – kids 12 and under FREE with paid adult 1st Annual Brew & BBQ Come out for the 1st Annual Brew & BBQ Festival. The festival will be hosted atRead More →

mid year real estate forecast

With such a booming start to the year in terms of real estate, it has many people wondering what’s in store for the rest of the year. There is good and bad news (but mostly good!) for both buyers and sellers in the mid year real estate forecast for Colorado Springs. Interest Rates Many experts anticipate interest rates to increase in the 3rd and 4th quarters of 2021. While not substantial increases, even just a slight increase could affect purchasing power for potential buyers. However, a slight increase may also help curb some of the insatiable demand for homes and rates will still be well below historicalRead More →

Forest Meadows Real Estate Stats June 2021

Forest Meadows Real Estate Stats June 2021 show double digit price increases once again. This neighborhood in Colorado Springs is no exception to the price appreciation. The average price rose 17.9% to $467,625. The median price rose 15.7% to $462,500. Looking back just 2 years ago, the average price in Forest Meadows was $352,659. In just two years, the average has increased nearly $115! Homes continue to sell very fast in our neighborhood with an average time on market of only 3 days! Most astonishing is that homes in Forest Meadows & The Trails sold for 6.4% above asking price on average last month. So if you areRead More →

VA and FHA loans

It’s hard out there for buyers right now, and even more so for buyers using government-back loans such as VA and FHA. When navigating a competitive housing market, it might be beneficial to think of the list price of the house as the reserve price at an auction. It’s the minimum the seller will accept in many cases. Today, the asking price is often becoming the floor of the negotiation rather than the ceiling. Buyers with VA or FHA loans, buyers without a lot of cash to offer, and buyers asking for seller paid closing costs are at a severe disadvantage. In fact, in many markets and priceRead More →

Forest Meadows Real Estate Stats May 2021

Forest Meadows Real Estate Stats May 2021 show that prices continue to soar. The average price rose 19.4% to $456,568. The median price rose 20.8% to $465,000. Looking back just 2 years ago, the average price in Forest Meadows was $349,632. In just two years, the average has increased over $106,000! Homes continue to sell very fast in our neighborhood with an average time on market of only 2 days! Most astonishing is that homes in Forest Meadows & The Trails sold for 7.3% above asking price on average last month. So if you are thinking of selling in our neighborhood, NOW is the time! As of 6/4,Read More →