Local Information

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 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 →

Inventory Looking for rentals in Colorado Springs? The inventory shortage does not just apply to homes for sale, but homes for rent as well. We have many natives as well as people relocating from other areas coming into the highly desired Colorado Springs area. For example, a quick search on the MLS shows a total of 116 rentals on 5/13/21. Of these, only 66 are single family homes. Of those single family homes, only 43 allow pets. Cut that number in half if AC is a must-have. As you can see, you cannot be picky when it comes to rentals in our area– there just aren’t enoughRead More →

Forest Meadows Real Estate Stats April 2021 show double-digit price increases in Forest Meadows & The Trails in April, with the average price up 14.6% at $441,286. The median price rose 12.9% to $440,000. Sales were down 21.4% with 11 homes sold last month. Homes continue to sell very fast in our neighborhood with an average time on market of only 3 days! There are not currently any homes for sale but there are 14 pending sales, making this an ideal time for you to sell. Most homeowners are seeing above asking offers on their homes! With such fast appreciation, you may have more equity than you think!  To see more detailed statistics forRead More →

It’s almost May, which (hopefully) means warmer weather and some exciting upcoming events in Colorado Springs! As more and more people get vaccinated, things are starting to open up and events are returning to our area. It may take some time for things to be completely normal again, but this is an exciting first step back to normalcy. If you are ready to get out and about, check out some of these fun, upcoming events! Of course, if you are more hesitant about being in crowds of people, Colorado always offers an abundance of socially distanced activities. Whether you love to hike, bike, or just get out andRead More →

Forest Meadows Real Estate Stats March 2021 show that Prices increased yet again in Forest Meadows & The Trails in March, with the average price up 26.5% at $460,286. The median price rose 22.2% to $440,000. Sales were down 30% with 7 homes sold last month. Homes continue to sell very fast in our neighborhood with an average time on market of only 2 days! There are currently 3 homes for sale and 9 pending sales, making this an ideal time for you to sell. Most homeowners are seeing above asking offers on their homes! With such fast appreciation, you may have more equity than you think!  To see more detailed statistics for ourRead More →

The lack of homes for sale has been hard on today’s buyers. This has created an environment of bidding wars, offers on multiple homes, and discouraged buyers. The lack of inventory has been plaguing not just our area, but the entire country. It’s not all bad news, though, because we have some tips to help you get the home you want in a time of no inventory.  Get Prepared! You can’t go into war without being prepared, and the same goes for buying a home in this current environment. While buying a home is not an actual war, there have been quite a few biddingRead More →

Worried about trying to find a new home while selling your old one simultaneously? Did you know that there is a way to buy a home before you sell? In such an extremely competitive market, having a contingency makes it even harder.  A contingency is almost like an “if-then” situation. Having to sell your current home in order to buy a new one is considered a contingency because you can only buy IF your current home sells. With how fast the current market is moving, this can be nerve wracking for many people. If your current home sells immediately and it takes a little longerRead More →

Migration and rental trends in Colorado Springs show that our area has been growing steadily in the past few years, with many people migrating into our area. With an already limited housing inventory, coupled with an influx of people, the housing prices in Colorado Springs have soared.  Where are people coming from? According to Apartment List, the highest percentage of people moving here came from Denver. The second largest source of influx was Dallas and the third was Houston. You can see the actual percentages below. It seems as though the largest influx is actually coming from within our own state. Colorado Springs still remains moreRead More →

We are still taking covid precautions in real estate. It’s been nearly a year since the onset of COVID, and with the new vaccine finally here, there is hope for the future. However, we are still taking precautions for our clients in the real estate industry. We want you to know that we care about the health and safety of our clients, so we continue to take a variety of precautions to protect everyone.  It might seem scary to list your house for sale right now and allow a bunch of strangers to view it, but in reality, we are taking a lot more stepsRead More →