Forest Meadows Real Estate Stats Jan 2021

Forest Meadows Real Estate Stats Jan 2021 show that Prices increased yet again in Forest Meadows & The Trails in January, with the average price up 11.3% at $409,615. The median price rose 5.97% to $395,000. Sales were up 66.7% with 10 homes sold last month. Homes continue to sell very fast in our neighborhood with an average time on market of only 2 days! There is currently 1 home for sale and 8 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 →

Forest Meadows Real Estate Stats Dec 2020

Forest Meadows Real Estate Stats Dec 2020 show homes are selling extremely fast in Forest Meadows, with an average of 2 days on market last month. Prices are up again in our neighborhood. The median price is up 15.3% at $415,000 and the average price is up 13.9% at $416,364. 11 homes were sold in December and there are currently 14 homes pending sale as of 1/4. Last month homes sold for 102.7% of list price on average, meaning many sellers are getting above asking price for their homes. 147 homes were sold in total for 2020 in Forest Meadows and The Trails. To seeRead More →

Biking in Colorado Springs

There are a wide variety of options for biking in Colorado Springs. Whether you enjoy biking on paved trails, cycling through the woods, or even using an e-bike, there is something for everyone here! And what better way to stay in shape while also socially distancing than to ride a bike? According to ColoradoSprings.gov, “With over 100 miles of on-street bicycle routes, nearly 120 miles of urban bike trails, and more than 60 miles of unpaved mountain bike trails, Colorado Springs is committed to ensuring that biking is a convenient, safe, and connected form of transportation and recreation.” Urban Trails There’s many urban trails to choose fromRead More →

Forest Meadows Real Estate Stats November 2020

Forest Meadows Real Estate Stats Nov 2020 show homes are selling extremely fast in Forest Meadows, with an average of 10 days on market last month. Prices are up again in our neighborhood. The median price is up 18.9% at $428,000 and the average price is up 16.5% at $420,000. 11 homes were sold in November and there are currently 14 homes pending sale as of 12/1. Last month homes sold for 101.93% of list price on average, meaning many sellers are getting above asking price for their homes. Looking at the region as a whole, we saw double digit price increases in both theRead More →

Colorado Springs Cost of Living

Colorado Springs has been nominated as one of the best places to live; however, it’s not as affordable as it used to be.  We have seen record-breaking prices in the real estate market, which is contributing to the higher cost of living in our area. According to The Gazette, “The local cost of living was 103.6% of the national average in the third quarter, up from 100.9% a year earlier and the highest level the quarterly index has reached since mid-1997 (Council for Community and Economic Research)”. The cost of living is the amount of money needed to cover basic expenses such as housing, food, taxes, and healthcareRead More →

real estate stats october 2020 for forest meadows

Real Estate Stats October 2020 for Forest Meadows show homes are selling extremely fast in Forest Meadows, with an average of 5 days on market last month. The average price was up 10.4% at $384,500 compared to last year. The median price of $389,000 was up 13.3% from last October. 8 homes were sold in October and there are 11 homes currently pending sale in Forest Meadows. Sale prices last month ranged from $350,000 to $411,000. Amazingly, the average selling price was 101.8% of list price, meaning sellers are getting roughly 1.8% over asking on average. To see more detailed stats for Forest Meadows, including quarterlyRead More →

Real estate growth and sales

Real estate sales have shown remarkable growth this year, not only in the Pikes Peak Region, but across the country. During the month of September, sales were up nearly 30% compared to last year in our area. Despite these record-breaking sales, inventory continues to dwindle, significantly impacting price and the availability of homes for buyers. According to Mark Fleming, Chief Economist for First American: “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.” Inventory Ourlocal inventory hasRead More →

Real Estate Stats for Forest Meadows September 2020

Real Estate Stats for Forest Meadows September 2020 show sales were up 40% at 14 homes sold! Plus, there are currently 10 homes pending sale as of October 1st. We have sold 117 homes year-to-date in Forest Meadows & The Trails.  The average price last month was $394,343 which is up 9.4%. The median price of $390,500 is up 11.1%.  Homes are still selling in average of 5 days, so less than 2 weeks! Homes sold in September ranged in price from $355,000 to $435,000 and the average home size was 2.900 square feet. The average selling price per sq. foot was $140. To see moreRead More →

Should you sell your Home? NOW is the time! Buyer demand is at an all-time high. According to ShowingTime, “home buyer traffic jumped in July, recording a 60.7% year-over-year increase in nationwide showing activity”.  Not to mention, Lawrence Yun, Chief Economist of the National Association of Realtors (NAR) is forecasting that more homes will sell this year than last. They are also predicting next year homes sales will increase 8-12%. Inventory The Pikes Peak Region is no exception to seeing high buyer demand. Here, our inventory keeps shrinking. As of September 1st, there are half the number of homes for sale compared to the same time last year. This equates to onlyRead More →

Real Estate Stats for Forest Meadows August 2020

Real Estate Stats for Forest Meadows August 2020 show sales were up substantially! 19 homes were sold in August, an increase of 111.1% over last year. Not to mention, there are currently 17 homes pending sale as of September 1st. We have sold 103 homes year-to-date in Forest Meadows & The Trails.  The average price last month was $397,505 which is up 6.67%. The median price of $395,000 is up 2.6%.  Homes are still selling in average of 11 days, so less than 2 weeks! Homes sold in August ranged in price from $345,000 to $470,000 and the average home size was 3,015 square feet.  To seeRead More →