Forest Meadows Real Estate Stats YTD

Forest Meadows Real Estate Stats YTD show that real estate is heating back up in our neighborhood after a slower May (due to COVID) with 21 homes pending sale as of July 1st! Looking at our neighborhood year-to-date, home prices are up quite a bit over last year (January 1st – June 30th). The average price is up nearly 10.4% at $379,722 and the median price is up 8.7% at $375,000! Not to mention the average list price to actual sale price is 100.79%, meaning, on average, sellers are getting above asking price. Despite sales being down slightly, with 68 homes sold this year vs 80Read More →

Hiking Trails Colorado Springs

As the weather is starting to warm up, what better way to enjoy Colorado (and social distance) than to go hiking?! There are so many amazing hiking trails in Colorado Springs to choose from. Here are some of the most popular hiking locations nearby: Garden of the Gods Park: By far one of the most popular places to hike! This rated #1 park in Colorado Springs by TripAdvisor, has both paved and natural trails that wind through  magnificent red rock formations and offer stunning views of Pikes Peak. The Garden of the Gods trail map offers a good overview of your options. Dog friendly. EasyRead More →

Forest Meadows May Stats

May Real Estate Stats for Forest Meadows in CO Springs show the strong demand for homes in your area! Despite all of the obstacles real estate faced in April, prices have risen and homes are selling in an average of 5 days! The median price was up 10.5% at $385,000 and the average price was up 9.4% at $382,531. Sales were down sharply last month, mostly due to showing restrictions that we had in April which are now lifted. However, things are picking right back up in Forest Meadows. There are 21 homes pending as of 6/1/2020 and 6 homes currently for sale. Additionally, homesRead More →

Real Estate and the Economy

Did you know that real estate stimulates the economy in multiple ways? According to the National Association of Realtors (NAR), the real estate industry accounted for $80 billion or 20.5% of the GDP in 2019. The total economic impact of 1 home sale in Colorado was approximately $122,780 in 2019 (NAR). Real estate helps people and businesses build wealth. It is still considered one of the best long-term investments. As you pay down your mortgage, this increases your equity and subsequently, your wealth. You can take out this equity for other investments or uses. Most people invest in real estate with the belief that itRead More →

Ask The Experts Session 1 Real Estate Questions

Did you know that we have been hosting “Ask The Experts” live, virtual sessions? Here you can ask industry experts their advice on mortgages and real estate. For this session, our industry experts include: Rick Van Wieren, Broker Associate at RE/MAX Properties Mary Barkley, Buyer Specialist at RE/MAX Properties John Haney, Broker/Owner at Colorado Mortgage Company You can watch a video recording of our first session to get an idea of what people are asking. We hope to have these sessions regularly to keep our clients and friends up to date on what is happening the Pikes Peak Region. Our goal is to help keepRead More →

Real Estate Showings in Colorado

Real estate showings in Colorado are allowed again. As of Monday, April 27th, the real estate showing restriction has been lifted. While this means that agents may resume showing homes, it does not mean that precautions are not being taken. During the restriction, a home had to be under contract or have an offer submitted and accepted in order to be shown. This made it extremely difficult for both buyers and sellers.  However, it is not necessarily “business as usual” for Colorado realtors. While we want to provide the best services to our buyers and sellers, we must also continue to take extra precautions toRead More →

Forest Meadows Real Estate Stats

Real estate stats for Forest Meadows in CO Springs shows that prices are still increasing! We just did our monthly and quarterly stats. The median price was up 9.7% at $368,700 and the average price was up 8.7% at $365,631 for the first quarter. Over the last 3 months, homes have been selling in average of 5 days. There are 19 homes under contract as of 4/1/2020 and 4 homes currently for sale, indicating there is still high demand for our neighborhood. Despite the uncertainty with the Coronavirus, real estate has been deemed essential. We remain busy helping our clients, while also taking added precautions.Read More →

COVID19 and Real Estate

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 →

Home prices in Forest Meadows

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

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 →