Local Information

Forest Meadows Real Estate April 2022 set new RECORD highs for the median and average homes prices in our neighborhood. The average home price is up 22.4% to $540,167! This is up almost $100k from last April which is just crazy! The median price is up 20.5% to $530,000 which is up $90k in one year. Homeowners should be seeing quite a bit of equity in their homes! The market is still swift as the average time on market was only 4 days last month and the average selling price was roughly 3.5% over list price. While sales went down slightly, we currently have 16 homesRead More →

Do you need more cash in your pocket during retirement years? Have you heard of a home equity conversion mortgage (HECM)? If not, this is the article for you (or maybe a loved one you know!).  A home equity conversion mortgage allows a homeowner to tap into some of the equity in their home. It allows the owner to have no mortgage payments, but also have money to live off of. All too often seniors are finding it increasingly difficult to afford medications, utilities, groceries, etc. and the HECM will allow seniors to live more comfortably without giving up their home.  This may sound eerily familiarRead More →

Forest Meadows Real Estate March 2022 set a new record for the median price. The median price increased 18.5% to $521,500. The average price increased 11.7% to 514,000. While the average price did not break the previous record, it did come in second place. Homes are selling in an average of just 3 days! Sold prices ranged from $465,000 to $545,000 last month. There are currently 2 homes for sale and 16 pending close as of April 1st. Homes sold for 3.96% over list price last month on average, indicating the high demand for homes which continues to push prices upwards. 29 homes have been sold year-to-dateRead More →

Check out these upcoming events in Colorado Springs in April 2022! Whether you’re looking for an Easter event, a craft show, or a family event, there’s something for everyone in Colorado Springs and the surrounding area. Plus we’ve even got several Easter Egg Hunts to choose from! Colorado Pint Day Wed, Apr 6, 3 – 8 PM MDT Goat Patch Brewing Company $1 from each pint sold goes back to the Colorado Brewers Guild! First 50 guests will get a free sticker Commemorative pint glasses for $4 with the purchase of a pint, $6 for the glass only Paws to Read Wed, Apr 6, 13,Read More →

Check out these upcoming events in Colorado Springs in February & March 2022! Whether you’re looking for a St. Patrick’s Day event, a musical, or a family event, there’s something for everyone in Colorado Springs and the surrounding area.  An Officer and a Gentleman March 2 – 3 Pikes Peak Center for the Performing Arts A SWEEPING ROMANCE THAT LIFTS YOU UP WHERE YOU BELONG! “Zack Mayo has the raw talent and strength for the US Navy’s Officer Training School; but his arrogance is out of step. Graduating from the elite program will secure Zack’s career and future, but can he endure the relentless commandsRead More →

Are you thinking of buying a home while self-employed? When it comes to buying a home, financing is a crucial part of the process. Unless you are buying a home in cash, you will need to secure a loan (financing) for your purchase. This step is relatively the same for most people. However, for those that are self-employed, there are some extra documentation requirements. According to John Haney of Colorado Mortgage Company, “all buyers, especially self-employed ones, should get pre-approved early and have all financials and documents ready to be reviewed”. Credit Score Most loans require a minimum credit score to qualify. Minimums can beRead More →

Forest Meadows Real Estate December 2021 did not break records last month, but the average price came in second place at $487,350 which is up 17.1% from last year. cords last month in terms of price. The median price is up 18.1% at $490,000! The median and average prices are creeping closer and closer to that $500k threshold. Many buyers are still paying about asking price as the average home sold for 1.8% over asking last month. Homes are still in high demand in Forest Meadows with an average of 9 days on market!  Home sales decreased 9.1% at 10 homes sold last month compared to 11 last year.Read More →

Home renovations can bring joy to our homes, and hopefully, add value for resale. However, it is important to remember that renovations can also get pretty costly, and you might not necessarily recoup all of your money when you go to sell your home. That’s why you should consider which renovations have the highest return on investment (ROI). Not to mention, which renovations are the most popular among buyers! You can also check out this Cost Vs. Value Report for the Colorado Springs, Mountain Region & National Average which goes into detail about the potential costs and value of major renovation projects. Below are the top major renovations withRead More →

Forest Meadows Real Estate November 2021 shattered records last month in terms of price. The average price increased 16.5% to $489,450. This is up over $12k from last month and nearly $70k from last November. The median price is up 14.5% at $490,000! This is an increase of $20,000 from last month! The median and average prices are creeping closer and closer to that $500k threshold. However, buyers are starting to pay closer to list price as the average home sold for 0.43% over asking last month compared to 7.3% back in May. Homes are still in high demand in Forest Meadows with an average of 6 daysRead More →

Check out these Christmas events in Colorado Springs coming up in December 2021! Whether you’re looking for Christmas lights, a holiday show, or a family event, there’s something for everyone in Colorado Springs and the surrounding area.  Christmas Underground Cave of the Winds Date: Friday and Saturday evenings December 3rd – 18th Cost: $20 per adult, $15 per child ages 4-12, and children ages 3 and under Free Explore Cave of the Winds, lit in holiday colors, on a 45-60 minute, guided, walk-through. Plus, you will hear traditional Christmas stories as well as join in on some fun caroling during the walkthrough. An ideal ChristmasRead More →