Colorado Springs Real Estate Blog

Colorado Springs real estate and homes for sale. Tips for buyers and sellers, statistics and analysis, great homes for sale and more!

Recent blog posts

Southeast Colorado Springs Home For SaleI have just listed this adorable ranhcer in the Eastborough neighborhood of Southeast Colorado Springs. The home features main level living in the heart of Colorado Springs. This home features a large Living Room and Spacious Eat-In Kitchen and large laundry area as well.

 

There are three large bedrooms and two baths. The home is situated on a quiet cul-de-sac and has a fenced back yard.

 

Additionally, there is an attached one car garage. The home is in great condition and ready for occupancy. For More information: http://kilmercourt.com/

 

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Briargate Home For SaleI have just listed this great four-level home in the Briargate neighborhood. This home is a “Campbell Homes” resale. When you enter the home you walk into a large living room area with vaulted ceilings, skylights and hardwood flooring. The living room is currently being used as an oversized formal dining room. The Living Room has a large pass through window that opens to the kitchen.

The Kitchen has vaulted ceilings as well as tile flooring, Corian countertops, lots of cabinets and walks out to a large fenced backyard. There is a gate in the fence that provides access to the greenbelt behind the home. Additionally, the backyard also features a large storage shed and fenced dog run.

The upper level features three large bedrooms, a Master Suite and two additional bedrooms and two full bathrooms, an attached master bathsuite as well as a full bathroom in the upper hallway for the remaining bedrooms. The lower level consists of a huge family room complete with fireplace. This room walks out to a two car attached garage complete with opener.

The basement is unfinished and offers ample storage with the option of adding an additional bedroom and bath. This is a great home in a popular neighborhood.

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Hot Market in 2014...Can We Do It Again?

Colorado Springs saw a great real estate market last year.  Sales of single family homes rose by 3.8% from the previous year, ending 2014 with 11,197 total homes sold.  The average sales price of a single family home was $251,430, up 2.8% over last year's average price.  Inventory, meaning homes for sale, dropped dramatically as homes continued to sell at a record pace.  As a result, we ended the year with 20% less inventory from a year ago.

 

Condos and townhomes saw the same kind of gain, with total sales of 1,474 units sold, up 6.6% over last year.  The average sales price of a condo/townhome was $167,893, up 2.3% over last year's average price. Inventory, or units for sale, had dropped by 13% by year's end.

 

In summary, there are less homes for sale right now.  There are more buyers buying.  As a result, prices are going up and houses are selling faster.   2015 is already paced to outperform last year.  We are seeing a lot of activity early in the year, and we haven't even hit our peak busy season which is usually Spring and Summer.  Bring it on!

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Posted by on in Powers Neighborhood
6144 Montero Circle

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Check out my new listing!   Enjoy unobstructed Pikes Peak and mountain views, with open space directly behind the property.  And, no rear neighbors means plenty of privacy. Built in 1997, this terrific ranch floorplan features walk-out lot, stucco exterior, wood floors, vaulted ceilings, gas fireplace, spiral staircase, 4 bedrooms, 3 baths, finished basement, media room with projector, big screen and built-in speakers, air conditioning, wood deck, and all appliances stay!  Great Powers location...walk to nearby shopping and parks!

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Posted by on in General News
12254 Angelina Dr - Meridian Ranch

With mixed feelings I listed this sweet house in Meridian Ranch... why the mixed feelings?!? Well these are new friends, and once again the Air Force will take a friend across the country! However, this is a GREAT house... so let's focus on that! :-)

Hardwoods grace all the important main level traffic areas and kitchen. The previous owner did some outstanding electrical upgrades...Boston surround sound system, holiday lighting package, central vacuum system, and so many other beautiful lighting upgrades!

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The kitchen has gorgeous granite counters and these owners have added granite counters and tile floors in the bathrooms. The main level has dining and living that have peaked ceilings. The kitchen includes a tray ceiling and pendant lighting over the island. 

From the ktichen walk out onto a partially covered, stamped, stained patio... plus this lot backs to local park / open space and they have a nice water feature in the corner. 

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The basement family room is huge... with theater area ,2nd gas fireplace, generous wet bar, and 2 large bedrooms! 

The garage has a 4 foot extension for workshop, your longer truck or extra storage... plus they added overhead storage out of the way. 

Meridian Ranch is such a great community with your water bill and a Recreation Center included in your HOA dues, plus available nearby golf course and up-and-coming shopping center. Near Peterson AFB and Schriever this is just a great location! 

Check out more details and the video tour - http://angelinadrive.com/ 

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Posted by on in General News
Fireworks on New Year's Eve

Tonight there will be fireworks from the top of Pikes Peak.  Every year the Pikes Peak AdAmAn Club climbs the icy slopes of Barr Trail, located on the east face of the world famous Pikes Peak.  Then, at the stroke of midnight on New Year's Eve, AdAmAn members and their guests ignite a glorious fireworks display from the summit to usher in the New Year.

The club has been a local tradition since 1922.  It is a unique group of mountaineers, who each year on December 30th and 31st make the climb.  The club was founded in memory of the original "Frozen Five," Ed Morath, Fred Morath, Fred Barr, Willis Magee and Harry Standley.  Their idea was that each year only one new member whould be added to the club, hence the name AdAmAn (for add a man).  New members are chosen from a list of applicants, and it is quite an honor to be selected.

The climbing party of thirty members and guests leaves the trailhead of Barr Trail on December 30th, with an overnight camp at Barr Camp.  On December 31st they flash mirrors from their location at timberline, to friends and families in the Colorado Springs area.  In the early afternoon, they finish the ascent to the summit of Pikes Peak.  This 14,110 foot climb is often accomplished on icy and snow covered slopes with wind chills of -50 degrees.

Today our local weather in the Springs is a chilling high of 30 degrees.  The snow covered Peak towers above with temperatures well below that.  I admire those brave mountaineers who take such pride in this local tradition.  Thank you, AdAmAn, and be safe!

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Posted by on in Personal
Christmas Wishes!

MERRY CHRISTMAS!

Today I am especially grateful for all my clients/friends!  Thank you for your business, referrals and friendship.  Thank you for letting me help you with these life transitions.  I wish you happines and peace during this holiday season and in the year ahead. 

 

 

nicole happel

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Posted by on in Real Estate Statistics & Analysis
2014 Still Going Strong

I keep scratching my head cuz it's Christmas time and home sales have not diminished.   Homes are still selling at a record pace.  Buyers are still buying.  Normally around the holidays we quiet down.  I'm not even going to question why we haven't this year.  I am just happy and grateful that the market is so good right now.  Here is what our Colorado Springs housing market saw last month, November 2014:

 

SINGLE FAMILY HOME SALES        =  UP 10.3% OVER LAST YEAR, SAME TIME

AVERAGE SALES PRICE S/F HOME = UP 1% OVER LAST YEAR, SAME TIME

TOTAL HOMES FOR SALE                 = DOWN 14.8% FROM LAST YEAR, SAME TIME

 

CONDOS/TOWNHOME SALES          = UP 8.9% OVER LAST YEAR, SAME TIME

AVERAGE SALES PRICE OF CONDO/TOWNHOME= UP 2.4% OVER LAST YEAR, SAME TIME

TOTAL CONDOS/TOWNHOMES FOR SALE = DOWN 11.1% FROM LAST YEAR, SAME TIME

 

I don't know exactly why, but our market is just as strong now as it was earlier in the year.  I just hope that everyone still believes in Santa Claus!

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Posted by on in General News
Local Resource - Alpine Autism Center

Autism is a challenge affecting more and more families across the US. While I'm not interested in engaging in the great debate about why this is the case, I thought I would share this recent discovery. If you live here, and have a child on the autism spectrum, you may already be aware, but if your considering Colorado Springs, this might be a great resource for your family!

I was showing houses on the northwest side of Colorado Springs yesterday (worthy of a blog post all it's own sometime soon!) when I was intrigued by a gorgeous Tuscan style building just up the hill past my turn. I was a minute early, so I drove on up to check it out. I only snagged a picture of the sign & building setting, and looked them up when I go home. The Alpine Autism Center offers full and part day programs during their 8a-4p hours. Their site offers a plethora of information about autism and the services they offer, so I'm going to direct you to them- www.alpineautismcenter.org.... I just wanted to make this resource known for those not yet aware or researching it as a decision factor in coming to Colorado Springs. 

This tucked away and gorgeous location is great, I'm sure you could stop by for assistance as well. From Garden of the Gods Rd, go west to the "end", turn right/north on 30th, left on Flying W ranch, Left on Stoneridge left on Fieldstone, follow up hill and it ends at their property. 

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I was driving through the Promenade Shops at Briargate this week, I think I needed to make an exchange. I was driving around, checking out the changes. While I know Champps Sports Bar & Restaurant closed several months ago... low and behold they have torn the building down. Out of curiosity I stopped by the management office. They are so friendly and more than happy to share what's going on in the Shops. I suspect paritally because traffic to the east side of the Shops isn't the greatest, they are making some major traffic pattern changes!

They are beginning the process of tearing out the fountain and landscaping between PFChangs and Biaggi's. They are going to take a small road through that area, and the former Champps location, to draw people over to the east side of the Shops. 

In addition they will be building another building (or maybe 2), with 4 retail shops and 2 "fast casual" dining. To me that is along the lines of their existing Panera and Q'doba style restaurants... for lunch-goers to order quickly and dine during lunch... or high school students on their lunch hour. 

As of now they do not have the tenants in line, I'm sure they need to know what the lay-out will be to sell it to new tenants, and be closer to setting up occupancy of the new spaces. I hope it helps spread out the traffic. If you've ever been to lunch there you know the corner by Ted's Montana Grill provides no available parking and just stays congested east all the way to White House | Black Market. 

I did take a picture to show the area, but it's really a terrible picture, so I'll snap another one and add it to this blog if I have another good opportunity. 

Sidenote: Im sure this extremely gorgeous late-season weather has been fabulous for the outdoor shopping concept locations like the Shops. Happy Holidays!! Happy Shopping!! 

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Posted by on in Personal
Love or Fear; It's Your Choice

I once read a self-help book entitled "Love is Letting Go of Fear."  The basic premiss of it was that you cannot love something and fear it at the same time.  The two are mutually exclusive.  You must choose if you are going to love something or fear it.   Today I read a quote from Jon Gordon, basically the same principle.  Here it is:

Love the struggle because it makes you appreciate your accomplishments.

Love challenges because they make you stronger.

Love competition because it makes you better

Love negative people because they make you more positive.

Love those who have hurt you because they teach you forgiveness.

Love fear because it makes you courageous.

The secret to life and the greatest success strategy of all is to love all of it and fear none of it.

 

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Posted by on in Personal
Balancing Your Life

Websters Dictionary defines balance as "equality of distribution."   This means giving the same energy to both sides.  For me this concept is always a challenge, giving appropriately to all things without overdoing it in one area.  As a Realtor it's easy to overdo.   Our job is often seven days a week.  We work weekdays and weekends, anytime all the time.  We can easily let this work consume us where we have no personal life or time for family.

What I have learned is to take that personal time whenever the opportunity arises.  It may be on a Sunday morning when the phone is not ringing off the hook, that I can steal some down time with the family, make breakfast together, go to church.   It may be a snow day when house showings quiet down, that I have a chance to catch up on valuable reading or housework.  Or like today, it's Tuesday morning and I just snuck away to a Yoga class at Villa Sport, my favorite local athletic club.  Whatever the case, it's important to give back to myself so that I don't burn out and become one of those crusty old agents who complains about working all the time. 

Longevity is my personal goal in this business.  I want to do this work until I'm 75 years old.   And the only way I will accomplish this is to pace myself, to not burn all my energy today and leave nothing for tomorrow.  Pacing myself, giving back to my body and loved ones is how I manage to keep good balance in my life.  Afterall, I plan to be a Realtor for another 28 years or so!

 

 

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Posted by on in General News
Things Realtors' Kids Say (part 2)

I have no clue why, when I click to post yesterday's blog, it deleted the second half. So...here are my other 2 stories...

This first one comes from Nicole again. Our kids often overhear our negotiations and contract discussions, because we're always working, often driving them to and from school, extracurricular activities, etc. Well, Nicole was discussing a roof repair with her client and the other Realtor in a series of phone calls. Her daughter politely waited for her to finish her call and asked "doesn't home owners insurance cover that repair?" Ha! 

Several years ago when we were a team in a large office, I brought my boys by to show off their adorable Halloween costumes. As we rode up in the elevator, my oldest (who was 4 or 5-years-old at the time) told me "these are really nice granite tile floors mommy."... Seriously, what little kids care about that, but a Realtor's?! 

Comments like these often make us wonder if our kids will follow in our real estate foot steps....a truly scary, but fun thought. There are, after all plenty of parent-child teams in our business...our broker's daughter works with us! I can see my youngest son building or flipping houses with me someday....but who knows?!

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Posted by on in Personal
Things Realtors' Kids Say

Since the holiday season is upon us, I thought I'd share some funny personal kids antics, and particularly as I've spent the past couple days helping my sister shop for a home! And well, since my boys are out of school, they've been drug along for the "fun". They aren't afraid to share their opinions..."we like the one with the open space in front, so when we visit her we can play outside". But the funnier one was, "I'm glad she chose that one, it has the upgraded appliances she was looking for, and the built-in microwave that none of the other ones had"...it's just funny out if the mouth of a 10-year-old. Kids are so observant and listening even when we don't think they are. 

I got this one from teammate, Nicole Happel....after driving with her daughter for a bit to an area her daughter was unfamiliar with, she looked up from what she was doing and asked Nicole where they were. Nicole responded (No, I won't be telling you where.) To which her daughter said "why would anyone want to live here?"

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Posted by on in Personal
When Clients Become Friends

I just said goodbye to Barry and Shareen.  In 2006, they moved here from Southern California and bought their Colorado Springs home.  I was their Buyer's Agent.  Today, they sold that home and moved to Durango.  It was a good closing but a tough goodbye, when I teared up as we hugged in the parking lot.

They are more than clients.  They are friends.  We have enjoyed many good times together.  They bought my daughter her first sleeping bag, a Disney princess themed one, back when she when she was three. We have water skiied at Pueblo Reservoir.  We have snow skiied at Monarch Mountain.   We have celebrated many X-Mas Eve dinners together at Musashi.  We have shared our families.  We have laughed and seen each other through difficult life struggles.

As an 18 year veteran in the real estate business, I often joke that I don't have time for any more "friends."   But the truth is friends somehow find us.  We may not set out with the intention of connecting at such a personal level, but with a special few it becomes personal at some point. 

I'm trying not to be sad.  I know that you will be happy in Durango.  You have good jobs and beautiful scenery to enjoy, and you have each other.  I will always cherish our sweet times together!  Thank you for letting me help you and for being my friends.

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5essentialtips

There are a number of reasons why you might consider becoming a landlord in Colorado Springs or anywhere in El Paso County. Maybe you’re downsizing to a smaller property, but still want to maintain your current home for income. Perhaps you’ve found a great deal on an income-producing property and are planning to use the revenue for your retirement. Or you’ve found your dream home with an attached apartment or suite that will help you defray the costs.

Whatever your motivation, here are some critical steps you need to take to minimize hassles and be financially profitable.

  1. Be realistic. Remember that you’ll still be paying the mortgage on your rental property, so you can’t count on the rental income to be pure profit. Be sure to calculate taxes (local and federal), utilities, upkeep, maintenance and insurance as part of your cash outflow. Plus you may have some lag time before you find the right tenants. If you’re relying on the rental income to purchase something in the near future, e.g. a round-the-world-cruise or new car, you may have to wait a while.

  2. Keep scrupulous records. Set up an online system such as Quickbooks or Freshbooks. This will help you keep track of all incoming and outgoing cash flow, as well as create reports that will make your tax preparation much less stressful. It’s also a good idea to maintain a file with all the paper receipts, or scan them into a device.

  3. Consult with a professional. Even if you’ve done your own taxes and accounting for years, you’ll want to meet with an accountant or tax attorney to learn the legal do’s and dont's and ensure that you are financially suited to handle the task of being a landlord.

  4. Hope for the best, prepare for the worst. You may not be able to find a tenant for months. Rent payments may be consistently late. Your renters may damage the property or hold loud parties. Or you may have dream tenants. Just remember, this is a business proposition, so try not to become emotionally involved.

  5. Understand your tenant’s rights as well as your rights as a landlord. Consulting with an attorney who specializes in property leasing will help prepare you to deal with any situation that may arise. Be sure to put all your expectations (date rent payment is due, additions made to the property, noise level, best time to contact you) in writing as part of your lease agreement.

At Springs Homes we specialize in Colorado Springs Property Management, we work with properties not only in Colorado Springs but anywhere in El Paso County. We not only manage properties but we can also help investors find properties that meet their needs. We are a great solution for those that want to landlords but are weary of the hassle and the liability. Our investors simply leave the hassle to us.

The preceding information is deemed to be reliable, but is not guaranteed. If you are thinking of purchasing rental property in the Colorado Springs area, be sure to consult with your tax professional or tax advisor for specific information pertaining to your financial situation.

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Posted by on in Fountain Valley Neighborhood
1260 Legend Oak Drive

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Check out my newest listing!  Located on a 1/4 acre lot in the city of Fountain, this lovely 2-story home was built in 2003 and features 4 bedrooms, 4 baths and over 2,200 finished square feet!  Interior offers rich, espresso stained hardwood floors, gas fireplace, slate entryway, vaulted ceilings, updated kitchen with new cabinets, counters, sink, faucet, stainless appliances and ceramic tile floors.  Finished basement provides plenty of space for entertaining in the large rec room complete with wet bar.  This home has central air for those hot summer nights.  The large backyard is fully fenced and even includes a storage shed.  Great location...walk to nearby shopping and restaurants!

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Posted by on in General News
A Falcon Food Favorite for Me

Anyone who knows me knows I'm a huge Chipotle fan! But when I'm meeting clients or going on listings in Falcon/Peyton, I try as frequently as possibly to stop by El Burrito Grande. I may need to run a few extra miles, but it's worth it! This "quick service" local fare is prepared by owners Lupe & Antonio Martin...and since expansion, their great employees!  My personal favorite is "moms chili verde" - pork & green chili, is so savory! Check out these fresh ingredients! ...

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They have daily lunch specials....nachos or dad's burrito with a drink for just $6.99+tax. Military discount? You bet!  Breakfast burritos.....mmmmm, yes! 

Not only that but there are now 3 locations for all my real estate travels around the city!!! 1) 7653 MacLaughlin Rd,  original location off Woodmen in Falcon, beside Safeway. 2) 3242 Centennial....up the Fillmore hill at the corner of Fillmore & Centennial....and 3) 3669 Star Ranch Rd...off the southwest corner of Nevada/Hwy 115 & Star Ranch Rd.

check out elburritogrande.net for more info! 

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Posted by on in Personal
Delicious Pumpkin Bread

In honor of fall and the holiday season upon us, I thought I'd leave the real estate talk for a moment and share with you my favorite recipe for pumpkin bread.  Yum!

 

Preheat oven to 350 degrees

Ingredients

4 ounces cream chees, softened

1/4 cup butter

1 1/4 cups white sugar

2 eggs

1 cup canned pumpkin

1 3/4 cups all purpose flour

1 teaspoon baking soda

1/4 teaspoon baking powder

1/2 teaspoon salt

1/2 teaspoon ground cinnamon

1/4 teaspoon ground cloves

1/2 cup chopped walnuts (optional)

Grease one 9x5x3 loaf pan.  In mixing bowl, combine softened cheese, butter and sugar. Cream together well.  Beat in eggs one at a time until blended. Mix in pumpkin.

In a separate bowl, combine flour, soda, baking powder, salt, cinnamon, cloves and walnuts.  Stir until thoroughly mixed.  Combine all at once with batter.  Stir just enough to moisten.  Pour into greased pan.

Bake at 350 degrees for 60-70 minutes until inserted toothpick comes out clean.  Cool 10 minutes in pan.

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Posted by on in General News
925 Ridgebury - Fountain Gem

Wow, this has been a hot property... lots of interest, and I'm sure you'll understand why! 

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This 1 1/2 story is located on a corner lot and backing to open space, such an enjoyable location! The owners have added Brazlian cherry floors and capped of the window ledge and stair rail, plus taller base boards create a custom home feel. The master is also on the main with vaulted ceiling and attached bath. The upper level is a great loft and 3rd bedroom, plus 2nd full bath. 

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Off the main level is a deck which steps down to the huge patio, large yard and included storage shed. 

For more info, send me a message or check out the pictures & video here -- http://ridgeburyplace.com/ 

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