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What are the potential effect of COVID19 and Real Estate in Colorado Springs? They say opinions are like noses, everybody has one. More and more I am hearing speculation from people on what THEY think the current crisis will do to housing.   Since I’ve made my living in this business for the last 29 years, I decided I would throw in my 2 cents worth to the conversation. The following are a list of my predictions / observations / and yes, opinions on the subject. 1. We are going to have another baby boom. This may sound funny, and obvious, but when you lock consentingRead More →

Real estate February Stats for Forest Meadows in CO Springs are interesting this month. While home sales were down slightly in February compared to last year, prices are still going up. The median price was up 9.7% at $368,700 and the average price was up 8.3% at $365,740. Even better still, homes are selling really fast in our neighborhood with an average of 2 days on the market. That’s FAST! There are 15 homes pending as of 3/2/2020 and 1 home currently for sale. Also, homes sold in February ranged in price from $330,000 to $412,000. The average size of homes sold in Forest MeadowsRead More →

St. Patrick’s Day in Colorado Springs is a big deal with tons of events to choose from! Below is a list of some of the most popular events around town! From Irish Beer and Music to the popular downtown parade, there is something for everyone! St. Patrick’s Day Parade When: March 14, 2020 at 12:00pm Where: Downtown Colorado Springs (Best viewing along Tejon St) The 36th annual Colorado Springs St. Patrick’s Day Parade is one of the best downtown community events. Before the parade, several fun run and bike ride events are scheduled. See below for the schedule. Luck of the Irish Bar Crawl When:Read More →

Out with the old and in with the new! Did you know that freon, also known as HCFC-22 and R-22, will no longer be manufactured as of January this year? EPA studies have shown that the chemicals in freon are harmful to the environment and have banned all production of freon starting last month.  What does this mean for homeowners? This may mean that older heating/cooling systems will, in most cases, need to be upgraded in the near future to a system that takes R410A, or Puron. Most newer systems already use this chemical, which is not harmful to the environment. If your system isRead More →

January Real Estate Stats for Forest Meadows in CO Springs are interesting — While home sales were down slightly in January compared to last year, prices are still going up. The median price was up 20% at $372,750 and the average price was up 16% at $368,167. The good news is that homes are selling really fast in our neighborhood with an average of 10 days on the market– so less than 2 weeks! There are 14 homes pending as of 2/1/2020 and 1 home currently for sale. Home sold in January ranged in price from $326,000 to $399,000. The average size of homes soldRead More →

New Life Church is opening an East Congregation at Grand Peak Academy (7036 Cowpoke Road, Colorado Springs, CO 80908). The official launch will be Sunday, February 2nd – 9am and 11am! We’ll have a great time of worship and teaching, children’s ministry, and all kinds of opportunities for connection – plus food trucks after the 2nd service! We’d love to have you come out and join in the festivities!  Pastor Andrew Arndt will lead this new campus. If you are curious if this church is right for you, you can watch one of his latest sermons. About New Life Church “New Life Church is aRead More →

December 2019 was a great month for real estate in Forest Meadows and The Trails! Although sales were down, the average and median home prices were up. The average time on market was 22 days, so less than 3 weeks! As of 1/2/2020, there are 8 pending homes for sale but none currently active. The median home price for December 2019 was up 18.05% at $360,000 (year over year). The average home price for December 2019 was up 15.15% at $365,479 (year over year). 167 homes were sold in Forest Meadows and The Trails during 2019. The biggest issue facing the real estate market inRead More →

There are a number of reasons that buying a home provides more advantages than renting. From gaining equity and wealth, to simply being in control of your living situation, buying a home can set your family up for success. Rising Rent Prices Did you know that here in Colorado Springs, the average rent has been increasing every year? According to one study, “Colorado Springs rents have increased by 3.3% year-over-year, well over the state average of 1.6%, as well as the national average of 1.4%.” (See source) This means that every time your lease renews, your rent is likely to increase and you are going toRead More →

November was another great month for home prices in Forest Meadows and The Trails! Check out some of the stats below: Average price up 10.4% at $360,503 Median price up 12.9% at $360,000 11 homes sold in November 2019 0 active for sale and 13 pending (as of 12/1/19) Selling price vs list price was 100.89%, indicating sellers are getting their asking price or even a little more! The biggest issue facing the Colorado Springs real estate market is the overall lack of inventory. If we narrow down the numbers to only those homes with a Colorado Springs mailing address, we only have 875 homesRead More →

Residents (and non residents) of Forest Meadows and The Trails who use the intersection of Black Forest Rd and Cowpoke Dr should be in for some relief soon. Two support posts have already been installed as part of a temporary traffic signal at the intersection. The signal should complete by the end of December, 2019. Traffic related to the opening of Grand Peak Academy, a public charter school authorized by D49, has added a new layer of volume and complexity to the already busy intersection, which is a main entry and exit point for residents of Forest Meadows and The Trails at Forest Meadows.  TrafficRead More →