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

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!

Hits: 108
Rate this blog entry:
0

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. 

Hits: 133
Rate this blog entry:
0

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!! 

Hits: 178
Rate this blog entry:
0

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.

 

Hits: 140
Rate this blog entry:
0

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!

 

 

Hits: 146
Rate this blog entry:
0

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?!

Hits: 183
Rate this blog entry:
0

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?"

Hits: 172
Rate this blog entry:
0

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.

Hits: 230
Rate this blog entry:

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.

Hits: 244
Rate this blog entry:
0

Posted by on in Fountain Valley Neighborhood
1260 Legend Oak Drive

b2ap3_thumbnail_Living-Room_20141113-181548_1.jpgb2ap3_thumbnail_Kitchen-Dining.jpgb2ap3_thumbnail_Family-Room_20141113-181617_1.jpgb2ap3_thumbnail_Downsatirs-Bath.jpg

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!

Hits: 289
Rate this blog entry:
0

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! ...

b2ap3_thumbnail_image_20141111-203933_1.jpg

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! 

Hits: 218
Rate this blog entry:
0

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.

Hits: 271
Rate this blog entry:
0

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! 

b2ap3_thumbnail_Copy-of-ridgebury_livingroom01.jpg

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. 

b2ap3_thumbnail_Copy-of-ridgebury_backyard1.jpg

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/ 

Hits: 232
Rate this blog entry:
0

Posted by on in Selling Your Home

firstimpressions

The saying "You never get a second chance to make a first impression” has never been truer, especially when it comes to marketing Real Estate.

In the 2013 National Association of Realtors Survey of Home Buyers and Sellers, Home Buyers were asked, “What actions they took as a result of an Internet Home Search?" 75% responded that they drove by or viewed the home while 63% scheduled a walk through. This reinforces our philosophy that the Internet is the new first showing.

This survey also supports our belief that professional photographs, video and virtual tours are essential tools used to drive traffic to our listings.

Here is the complete list of results from the survey.

ACTIONS TAKEN AS A RESULT OF INTERNET HOME SEARCH
Drove by or viewed home 75%  
Walked through home viewed online 63%  
Found the agent used to search for or buy home 30%  
Requested more information 24%  
Looked for more info on mortgage and home buyers tips 13%  
Pre-qualified for a mortgage online 13%  
Contacted builder/developer 8%  
Applied for a mortgage online 8%  
Found a mortgage lender online 7%  

 

If you would like to learn more about our listing process and what we do to get Colorado Springs Home Buyer traffic to our listings, please visit our Colorado Springs Home Seller Section.

Hits: 283
Rate this blog entry:

Posted by on in General News

hazmats

 

Household Hazardous Waste is defined by the EPA as:

Leftover household products that contain corrosive, toxic, ignitable, and/or reactive ingredients. Products, such as paints, cleaners, oils, batteries, and pesticides, that contain potentially hazardous ingredients require special care when you dispose of them.

These items always seem to be an issue when it's time to move, people often leave them behind because the just don't know what to do with them. Identification and proper disposal of these items is important for several reasons, least of which are human health and safety. For example, used motor oil is insoluble, slow to degrade, and can contain toxic chemicals and heavy metals.

Household batteries contain cadmium, lead, mercury, copper, zinc, manganese, lithium, or potassium, which are all know to be hazardous to the environment and human health.

Due to their toxic nature, items categorized as Household Hazardous Waste (HHW) need to be disposed of at an appropriate facility. Fortunately, El Paso County has a Hazardous Waste disposal facility and drop of HHW items is free for El Paso County residents.

The facility is located in the Powers area at 3255 Akers Drive, Colorado Springs, CO 80922. This is between Constitution Ave. and North Carefree Circle, just West of Marksheffel Road.

For a complete list of what types of waste the facility collect as well as information on hours, please visit their website Click Here

Hits: 200
Rate this blog entry:
0
6320 Whirlwind - Northeast Colorado Springs

This gorgeous 2-story is located in Antelope Meadows in Northeast Colorado Springs. The trees are mature and the yard is spacious. Deck off the main level kitchen / family room area steps down into back yard. 

b2ap3_thumbnail_Copy-of-whirlwind_yard1.jpg

Vaulted ceilings create that more open feel, plus a great lay-out, this floor plan will work for just about anyone. Three bedrooms upstairs, including the master which is also vaulted with walk-in closet and great 5-pc bath. 

b2ap3_thumbnail_Copy-of-whirlwind_kitchen2.jpg

The main level has vaulted living / dining, plus kitchen with pantry, stainless appliances and looks onto family room with fireplace and huge bay window to watch kids or pets in the yard. 

b2ap3_thumbnail_Copy-of-whirlwind_family.jpg

Basement is fully finished with huge L-shaped Rec Room great for game table and TV area... plus the 4th bedroom and full bath. 

For the virtual tour and more details, visit http://whirlwinddrive.com/  Thanks for checking it out! 

 

Hits: 231
Rate this blog entry:
0

Choosing a Title Company in Colorado Springs

 

When buying or selling your Colorado Springs home you most likely do the appropriate research before choosing your real estate agent, your lender, your moving company and others. But did you know that you also have the right to choose your title company? In our previous posts we explained the importance of title insurance and how the costs are determined. So, it is critical to choose a reputable, experienced company to ensure that you have a smooth and hassle-free transaction.

Below are 9 questions you should ask when searching for a title company.

  1. Is my Money Safe? Make sure that the company has a fully staffed escrow and accounting department dedicated to protecting your funds. Ask for a written guarantee that the company does not disclose your personal information to anyone not involved in the transaction and find out if they carry fidelity coverage and errors and omission insurance.

  2. Is the Title Company Financially Stable? To make sure that the title underwriter is financially stable, check the Demotech website, which issues Financial Stability Ratings (FSRs) for title underwriters.

  3. Is the Title Company a Neutral Third Party? Some title companies are owned by lenders, real estate firms or builders which may cause a conflict of interest. Your Title Insurance company should be independent and unbiased to ensure that the transaction closes according to the terms of the contract, without any complications.

  4. Is the Rate Quoted Much Lower than What Other Companies are Charging? Below market premiums may indicate a lack of experience, subpar service or insufficient financial and accounting controls.

  5. In Addition to the Premium, are there Other Fees and Charges? Ask about fees for electronic delivery, overnight courier, cashier's check, release tracking, wire transfers and other charges that may add up to be more than the amount charged by reputable title companies. 

Make sure you have all the associated fees in writing before signing any agreement.

  6. Does the Title Company Conduct Thorough Title Searches and Report All Exceptions? Title companies are required to perform a "reasonable examination" for every transaction, which includes providing you with actual documents for any exceptions (e.g. liens, unpaid taxes). Your title company must identify, disclose and resolve all issues prior to closing.



  7. Is the Title Company Locally Owned and Operated? Beware of a title company which outsources production of the title commitment and portions of the closing process overseas. A local company will be more knowledgeable about Colorado Springs real estate laws and customs as well as the local real estate market.

  8. Are the Employees of the Title Company Licensed? In Colorado, title underwriters, agent companies and agents are licensed through the Colorado Division of Insurance. Any title company employee who provides rate information to the public must have a license. By Colorado law, sales people, title examiners and searchers must be licensed. The Division of Insurance also regulates activities and has the right to audit files, impose fines for improper actions, discipline agents and take other corrective action.

  9. Is the Title Company a Member of the American Land Title Association (ALTA)? The professional/lobbying organization for the title insurance industry is the American Land Title Association (ALTA). In 2007, ALTA launched the "The Title Industry Consumer Initiative" which details the association's strategy for improving industry oversight and educating and protecting consumers. You can learn more about the Consumer Initiative on the ALTA Web site.

Thank you to Sara Martin of Land Title Guarantee Company for providing the above information.

Hits: 333
Rate this blog entry:
0

Posted by on in Personal
Which Cell Phone Provider Do I Choose?

b2ap3_thumbnail_century-link-logo.pngb2ap3_thumbnail_verizon.jpg

 

So I'm driving around in the car this weekend with some new buyers from out of state.  They traveled with their cell phones, naturally.  As we drive, we notice that they keep losing cell phone service.  Their signal is weak and they can't get good connections.  They do not have AT&T.

A good friend of mine who lives in the East area of Colorado Springs, near Academy Blvd. and Maizeland, is constantly dropping cell phone calls and having to redial...very frustrating!  He does not have AT&T.

I mention this becuase it DOES matter who your cell phone provider is around here.  In Colorado Springs I have found that best service is through AT&T.  I have found their rates are pretty competitive.  I rarely drop calls.  I have good coverage throughout the area.  It is important...especially when your livelihood depends on it!

Hits: 237
Rate this blog entry:
0

titlefees

 

In our last blog post we talked about the necessity of buying title insurance for your home purchase. Now, we want to discuss the cost of title insurance, how it is calculated and how a little legwork on your part can save you money.

The title insurance industry is unique in that regulation by the state serves as a natural check on profits. Rates by title companies are ultimately set in response to competition in the marketplace. However, if the competition does not lead to fair rates, the state steps in stating that rates cannot be “excessive, inadequate, or unfairly discriminatory”.

There are a number of things you can do to monitor the cost of your title insurance. Below are five steps you can take.

  1. Do your research. Title insurance is a two-part transaction. The first part covers the property’s history to determine if there are any unpaid loans or liens. The second part insures you against future discoveries or problems with the property. Insurance companies are allowed to set their own rates, so it pays to spend some time comparing policies to make sure you get the best possible deal. Visit Home Closing 101 to find title insurance companies in Colorado Springs who are members of the American Land Title Association.

  2. Ask about add-on fees. These may include mail and courier charges, copy fees and fees for searches and certificates. You have the right to ask a company to reduce or drop these fees.

  3. Ask about a “re issue rate.” If your home has been refinanced or sold within the last 5 years, you may qualify for discounts up to 50%.

  4. Ask about Endorsements. An endorsement is a rider attached to a Mortgage or an Owner policy to expand or limit the policy coverage. Attaching an endorsement to the policy adapts the coverage to meet the needs of the insured. Examples of common endorsements are: Condominium Endorsement, Mineral Endorsement, Encroachments on Easements, just to mention a few. By issuing an endorsement, the insurer may take on additional risk normally not covered under the policy. A premium is usually charged for issuing any endorsement.

  5. Don’t rely on a single recommendation from your real estate agent. Ask for two or three companies that he or she recommends.

For a list of title insurance companies in Colorado and their fee schedules visit DORA or Colorado Department of Regulatory Agencies or Network Closing.

Hits: 471
Rate this blog entry:
2014 Housing Market at a Glance

This year the Colorado Springs housing market started off a bit slow.  From January to mid March we Realtors were all scratching our heads wondering where all the buyers were and why houses were taking longer to sell.  At at some dark point, which no one cares to admit, we even began to wonder "is it me?  is there something more I could be doing?"

But around mid March things changed back to normal.  Buyers came out to buy, and houses began to sell at their usual pace. Springtime sales gradually heated up transitioning into a typical, busy and productive Summer.

Here is how our Colorado Springs housing market fared, through the 3rd quarter of this year:

          -  Single Family Home Sales Up 1.2% over last year

          -  Average Sales Price of a Single Family Home Up 2.6% over last year; to $250,928

          -  Total Homes for Sale (active listings) Down 5.9% from last year

          -  Condo/Townhome Sales Up 5.2% over last year

          -  Average Sales Price of a Condo/Townhome Up 1.5% over last year; to $168,948

          -  Total Condos/Townhomes for Sale (active listings) Down 11.2% from last year

 

To summarize:  Home sales have increased slightly over last year. Home prices have increased slightly.  There is less inventory for sale now than there was last year at this time. And although we started off the year a bit slow, we have made a nice recovery.  Whew!  Nice to know we're still on track!

 

 

Hits: 268
Rate this blog entry:
0

View Your Favorites or Register Now to Start Saving Your Favorite Listings.