The Great 8 Real Estate Articles From September, 2017

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There is a lot of real estate content and chatter online. This makes it difficult to determine what is valuable and what is noise. Well good news, we read a ton of real estate content to stay on top of the industry. At the end of the Month, we compile the best articles we could find. This month we present eight informative pieces. These articles lo...
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Fall in Colorado Springs

Fall in Colorado Springs
The end of summer is finally winding down with school back in session. Fall is right around the corner -- so be sure to stock up on pumpkin spice lattes, cozy sweaters & Fall activities.  Personally, it’s been a great year for business. I’ve helped many buyers relocate and find new homes, and I’ve had multiple listings this year as well. H...
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2017 Real Estate Market Heads Strong into the Fall

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This year Colorado Springs real estate market made the list of top 10 cities in the nation for hottest real estate markets, according to Realtor.com, and it's no wonder.  Home prices continue to rise. Home sales are abundant. And there is significantly less inventory (homes for sale) than in years past. Here is a breakdown of what is happening in our little boom town this year.

Single Family Home Sales =  UP 5.6% over last year

Average Price for a Home =  UP 11.2% over last year (currently at $313,652)

Total Homes for Sale =  DOWN 15% from last year

Condo/Townhome Sales = UP 15% over last year

Average Price for a Condo/Townhome = UP 10.5% over last year (currently at $193,564)

Total Condos/Townhomes for Sale = DOWN 25.9% from last year

Supply is low. Demand is high. More buyers are buying and relocating here. And there are less homes for them to choose from. Competition is steep, driving home prices way up. Bidding wars are the norm, especially in the under $500,000 price range. 

I recently had two listings which received multiple offers within 24 hours of going on market. And both ended up selling for above asking price!  We call this a seller's market where homes sell fast and at top dollar.  Buyers, on the other hand, are at a disadvantage. They have less homes to choose from and prices are higher than ever.  The only fortunate thing is interest rates remain low, enabling buyers to qualify for higher amounts.

The big question? Will this trend continue?  And for how long? My belief is we will see this robust market for awhile, and definitely well into next year.  But eventually there will be a correction. History has proven markets like this always correct at some point. If you are looking to buy or sell and want to find out more about the market, give me a call.  

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Colorado Springs: A Seller's Market For Sure

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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 ...
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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...
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A Decade of Equity Briargate 2006-2016

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The  Briargate  neighborhood is one of our market's most popular areas. This popularity is the result of good planning, good schools and convenient amenities. Briargate prices have always been a little higher because of on-going new construction. New construction is more expensive than comparable resale homes. Home buy...
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Ringing in the New Year

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As we wrap up 2015, I want to thank you all for your business, referrals and friendship. I am so grateful to do this work and for all of you, for making this a wonderful year! Here is what our Colorado Springs real estate market saw in 2015 (as of November 30 th ) : Single Family Home Sales Up 17.6% from last year Condo/Townhome Sales Up 29.9% from...
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2015 Home Sales at a Glance


2015 is very much a Seller's Market.  We have less inventory, meaning homes on the market, and sales are on the rise.  Home prices continue to go up.  Here are the latest statistics as of July 31, 2015:           single family home sales         &nbs...
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Home Sellers Have the Advantage

It can happen anywhere, at the grocery store, at parties or while I'm out showing homes to buyers. People always ask..."how's the market?" Well, here is my answer today: IT'S A SELLERS MARKET! Today, there are 25% less homes for sale than there were a year ago. Buyers have less to choose from, and sellers know it. As a result, homes are selling muc...
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February Home Sales Going Strong

2015 is off to a great start in our local housing market. Here is how we did last month: Sales of Single Family Homes= UP 15.8% from last year Average Sales Price of a S/F Home = UP 9.7% from last year Sales of Condos/Townhomes= Up 40.1% from last year Average Sales Price of a Townhome= Down 5.8% from last year Inventory (meaning total homes for sa...
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2014 Market at a Glance


Colorado Springs home prices rose in August 2014 with a month to month decrease of 3.26%, and a year to year increase of 1.53%, making the average sale price $258,398 and the median price $230,000. The number of Colorado Springs homes sold compared to August 2013 has increased 0.54%, with 7,546 units sold year to date. The number of Color...
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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 righ...
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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 co...
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2014 Home Sale Forecast

In the first half of this year, home prices rose. From January to June, the average sales price of a single family home went up by 1.8%. The average sales price of a condo or townhome went up by 2.8%.   First quarter (Jan-Mar) single family home sales started out slow, but they made a nice recovery in the second quarter with better result...
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