Local Information (Page 2)

Forest Meadows Real Estate June 2022 show that while did not set any price records in Forest Meadows & The Trails last month, the average and median prices showed double-digit appreciation. The average price is up 13.5% at $530,500. The median price is up 16.0% at $536,500. Homes sold for 2.4% over list price on average and the average time on market was only 5 days. As of this morning, there are 9 homes for sale and 17 homes pending sale in our neighborhood.  To see more detailed statistics for our neighborhood, including quarterly stats, click here. In the Pikes Peak Region, we have some good newsRead More →

Millions of Americans Have Discovered the Benefits of Multigenerational Households If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it’s for financial or health-related circumstances, or simply because you’ve reached a new phase of life, you might be wondering if living in multigenerational homes under the same roof is a good move for you. Many people have found themselves in a similar situation and they’ve already made the choice to live in a multigenerational home. What Are Multigenerational Homes? The Pew Research Center defines a multigenerational household as aRead More →

Forest Meadows Real Estate May 2022 set new RECORD prices once again. The average price increased 20.1% to $551,000. The median price increased 18.8% to $552,385. This is the first month where the average and median prices have surpassed the $550k mark! Home prices ranged from $465,000 to $672,000 last month.  Sales are were up over 18% last month with 13 homes sold. There are currently 9 homes for sale and 14 homes pending close.  Homes sold for 4.2% over asking price on average last month in an average of just 4 days. Real estate is still moving swiftly in our neighborhood!  To see moreRead More →

Anyone who lives in Colorado Springs, or the state of Colorado for that matter, knows the dangers we face from wildfires and other natural disasters. Not only is it important to have a plan and be prepared, but there are some other special considerations to protect your home from wildfires in Colorado.  DO NOT BE LEFT UNDER-INSURED With the recent wildfires and loss of homes, homeowners are feeling the sting of salt in their wounds by finding out that their homes were way under-insured. The real estate market has seen double-digit price appreciation the last few years, and more than likely your home value has increased substantially. ItRead More →

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 →