Local Information (Page 5)

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 →

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 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 →

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 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 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 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 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 →