A licensed Colorado Real Estate Broker since 1996, Nicole works with both buyers and sellers. In 2009, she was ranked #21 out of 214 ERA agents state wide, for volume sold. She proudly supports our local military and is happy to offer our military appreciation program to active duty clients. http://www.springshomes.com/military-assistance-program. In addition to real estate, Nicole’s passions include running, ballroom dancing, cooking and playing piano. With a strong background in new home construction and accounting, she has a sharp eye for detail.

Scenic Colorado Springs bike trails: Biking USAFA

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Colorado Springs is unique in that we're a sprawling city at the base of the mountains. Nature and wildlife are abundant here, and the mountains are our backyard. Woven throughout the city are trails for biking, hiking and running. And it's easy to lose yourself in the outdoors. To really capture such beauty I highly recommend visiting the Air Force Academy.  Located near the Northgate area of Colorado Springs, the Academy was built right in the mountains and occupies 18,000 acres of land.

This weekend I took my new road bike to the Academy for a scenic ride. Minutes from my house I was immersed in pine trees, riding the gently curving roads which weave through the mountain. I passed some wild deer grazing, which is common for our town.  In fact you can often see deer, wild turkeys or herds of antelope at any given time. The Air Force fighter jets known as the Thunderbirds were practicing this weekend, in preparation for their upcoming air show for the graduation ceremony next month. I could see them flying in formation then splitting off into various directions. It's fun to hear their jet engines as they speed by the backdrop of majestic mountains. 

No wonder Katherine Lee Bates wrote the lyrics to America the Beautiful while in Colorado Springs. It's by far the most scenic, beautiful place to be. I wouldn't trade it for any other city! Want to know some of my other favorite places to go? Give me a call and I would be happy to share them!

View biking on USAFA

View while biking on USAFA

 

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Colorado Springs: A Seller's Market For Sure

sellers-market

It's definitely a seller's market right now. Properties often receive multiple offers. Bidding wars are the norm, where the highest and best offer gets the house. Days on market have dwindled down so much that many homes sell the first day they are on market. 

I am working with a family right now who is super excited that we got their current home under contract so fast, and it went for above asking price. Yay!

But now the flip side of that is we are pressed to find another home for them to buy.  There isn't much inventory out there right now, and the good stuff is selling super fast. 

For example, this week we looked at a home which had just hit the market earlier that morning. We arrived mid afternoon to see it. While there, we ran into two other buyers who were seeing it. We were going to write an offer on it, but I learned from the seller's agent that he already had two offers on the table, both of which were thousands above asking price.  And he was expecting more by end of the day. 

My buyers were disappointed. They learned that in order to even be considered they would have to bid thousands over asking price and even with that, there were no guarantees their offer would be accepted.  It's tough out there. An appraiser recently told me that in Denver they are getting offers sight unseen, meaning buyers are not even going in the houses before writing an offer. Yes, the Colorado real estate market is that crazy right now.

Here are the latest Colorado Springs housing statistics, as of end of March:

INVENTORY OF SINGLE FAMILY HOMES FOR SALE...down 25% from last year

INVENTORY OF TOWNHOMES/CONDOS FOR SALE...down 2% from last year

AVERAGE SALES PRICE OF A SINGLE FAMILY HOME...up 11.5% from last year

AVERAGE SALES PRICE OF A TOWNHOME/CONDO...up 12.1% from last year

To summarize, homes are in demand and there is less inventory for sale right now.  Supply is down which is driving prices up.  It's a great time to be a seller.  It's a tough time to be a buyer.  At times like this, you really need a good Realtor in your corner! Give me a call, I would be happy to answer any questions you have.

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15642 Coquina Drive Monument CO 80132

15642 Coquina Drive Monument CO 80132

I'm so excited about this new listing!  Built in 2001, this beautiful stucco home has 4 bedrooms, an office, great room, formal dining room, upper-level loft, finished basement and professionally landscaped yard!  The main level features wood floors, spacious kitchen with island, pantry and counter bar, master bedroom with his/her closets and attached 5 piece master bathroom!  The upper level loft is perfect for kids, with 2 good sized bedrooms, a full bath and loft area!  The basement includes a huge rec room with gas fireplace, dry bar, 2 more bedrooms, private bath and plenty of storage.  Great Jackson Creek location...walk to nearby parks and shopping! View on the MLS at: https://www.springshomes.com/mls/3550097-15642-Coquina-DR-Monument-CO-80132, or the single property website at: www.CoquinaDrive.com

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710 Cresta Road Colorado Springs CO 80906

710 Cresta Road Colorado Springs CO 80906

I am beyond excited about this new listing! Built in 1952, this ranch floorplan sits on an oversized lot with mature trees, flowering shrubs, an expansive brick patio, fountain and even a greenhouse! This tastefully updated home features remodeled bathrooms and kitchen with granite counters, stainless appliances, and a warming drawer. It has wide plank wood floors throughout, a finished basement, new roof, new furnace and a/c, new Marvin windows, new sump pump, new lights and new storm doors. Located in the popular Cheyenne Mountain school district, this property is walking distance to nearby schools and park! And the sellers are the nicest of nice!

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2017 Real Estate Market at a Glance

2017 Real Estate Market at a Glance

Our housing market is off to a great start this year. Sales are abounding. Many properties are receiving multiple offers, and the days on market are shorter than ever. For more detailed local stats, check out our Market Reports. Mortgage interest rates are still low, hovering in the 4%-4.25% range.

I just saw an article from Realtor.com which says that Colorado Springs is in the top ten hottest housing markets in the nation. Wow! Below is a snapshot from that article, as well as recent stats for this year, at the end of February:

SINGLE FAMILY HOME SALES                          : on pace with last year right now

CONDO/TOWNHOME SALES                              :   Up 7.6% over last year

AVERAGE PRICE OF A HOME                             :   Up 12.3% over last year

AVERAGE PRICE OF A TOWNHOME                :   Up 11.9% over last year

INVENTORY OF HOMES ON MARKET             : Down 23.8% from last year

INVENTORY OF TOWNHOMES ON MARKET            :   Down 15.9% from last year

Source: “These Are the Hottest Real Estate Markets in February 2017,” realtor.com® (2017)

 
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