Local Information (Page 7)

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 →

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 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 →

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 →

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 →

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 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 →

Out with the old and in with the new! Did you know that freon, also known as HCFC-22 and R-22, will no longer be manufactured as of January this year? EPA studies have shown that the chemicals in freon are harmful to the environment and have banned all production of freon starting last month.  What does this mean for homeowners? This may mean that older heating/cooling systems will, in most cases, need to be upgraded in the near future to a system that takes R410A, or Puron. Most newer systems already use this chemical, which is not harmful to the environment. If your system isRead More →

January Real Estate Stats for Forest Meadows in CO Springs are interesting — While home sales were down slightly in January compared to last year, prices are still going up. The median price was up 20% at $372,750 and the average price was up 16% at $368,167. The good news is that homes are selling really fast in our neighborhood with an average of 10 days on the market– so less than 2 weeks! There are 14 homes pending as of 2/1/2020 and 1 home currently for sale. Home sold in January ranged in price from $326,000 to $399,000. The average size of homes soldRead More →

New Life Church is opening an East Congregation at Grand Peak Academy (7036 Cowpoke Road, Colorado Springs, CO 80908). The official launch will be Sunday, February 2nd – 9am and 11am! We’ll have a great time of worship and teaching, children’s ministry, and all kinds of opportunities for connection – plus food trucks after the 2nd service! We’d love to have you come out and join in the festivities!  Pastor Andrew Arndt will lead this new campus. If you are curious if this church is right for you, you can watch one of his latest sermons. About New Life Church “New Life Church is aRead More →