Things to Do in Colorado Springs this Weekend (Apr 29-Apr 30)

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The weather won't stop the show this weekend with these Colorado Springs events. We have a fun free activity for kids on Saturday, the annual Taste of Old Colorado City is happening on Sunday, and other events happening in between. So explore Colorado Springs and enjoy the last weekend of April!


Things to Do This Weekend

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Basic Field Methods in Paleontology -  Sat Apr 29, 9:30am - 12:00pm, Rocky Mountain Dinosaur Resource Center 201 S. Fairview St., Woodland Park

Admission: $20 + museum admission ($11.50/person). Discover history and learn how to collect a fossil and preserve all the historical information that comes with finding a fossil. For more info, visit: Rocky Mountain Dinosaur Resource Center.

kids

Healthy Kids Day -  Sat Apr 29, 9:00am - 12:00pm, YMCA (all locations)

Admission: Free. YMCA's national initiative to encouragne and improve kids and families' health. Activities includes: games, arts and crafts, demos, and classes. For more info, visit: Pikes Peak YMCA.

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10th Annual Earth Month Fashion Show & Greenie Awards -  Sat Apr 29, 7:00pm - 10:00pm, Colorado Springs City Auditorium 221 East Kiowa

Admission: $35 general admission, $50 premiere floor seating. Fashion show that features recycled clothing and proceeds benefit the Rocky Mountain Field Institute that restores and conserves trails and natural landscapes. For more info, visit: Rocky Mountain Field Institute.

taste

2017 Taste of Old Colorado City -  Sun Apr 30, 1:00pm - 4:00pm, Bancroft Park in Old Colorado City 2408 West Colorado Ave.

Admission: $30 general admission, $50 VIP. Enjoy an afternoon in Old Colorado City on Colorado Springs' westside where fine restaurant food, wine, and microbrews from around Colorado with be featured alongside local music and art. For more info, visit: Taste of OCC.

Colorado Springs Monster Jame

Monster Jam -  Sun Apr 30, 1:00pm - 3:00pm, The Broadmoor World Arena 3185 Venetucci Blvd.

Admission: $18-48. Be wowed by these monstrous off-road vehicles in a motorsport competition. Don't miss this last Colorado Springs show. For more info, visit: Broadmoor World Arena.

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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

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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 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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Real Estate Inventory in Colorado Springs: What is causing the shortage?

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Wondering why Colorado Springs is seeing a severe shortage of inventory this year?  Here are a couple of reasons: 

First, the median price of a home in Denver is currently $377,500, and the median price of a home in Colorado Springs is $246,800.  As a result, folks from South Denver are having so much trouble finding a home to purchase there locally, that they are willing to commute the 45 minutes or so to Colorado Springs to save over $100,000 when purchasing a new home.  
 
As a result, though, this migration is creating a large deficit in inventory for my own clients and customers who are here in Colorado Springs.The struggle really is real now, but for those of us practicing residential real estate, it is such a very, very good one! 
 
Another reason is a combination of economic ones....the potential for increased interest rates, something that has not been done since the financial crisis that lasted from late 2007 through early summer, 2009, increasing apartment rents, a two-bedroom apartment in Colorado Springs rents for, on average, close to $1,200/month, and inflation are all contributing to buyers getting off the fence and into a home purchase. 
 
This influx of would-be renters who are now want to be buyers is also contributing to keeping inventory at record lows. 
 
While it is always a wise decision, in any market, to interview your real estate professional before hiring them to work for you, it is especially important in a market as unique as this one. 
 
Find the right real estate professional who has the experience and longevity to successfully help you wade through all of the land mines that accompany a market that has not seen these kinds of shortages since mid-2001, and you are gold! 
 
 
It would be my pleasure to answer any questions you may have regarding the market itself, and/or to help you to formulate exactly what questions you should be asking your potential agent for hire!
 
Happy Hunting! 
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Things to Do This Weekend (Apr 22-Apr 23) in Colorado Springs

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Colorado Springs Things to Do

Great American Cleanup -  Sat Apr 22, 9:00am - 12:00pm, Bear Creek Nature Center 245 Bear Creek Road

Admission: Free, Registration required. Help clean up our parks, trails, creeks, and roadways this Earth Day. For more info, visit: Eventbrite

 

Colorado Springs Things to Do

Star Light-Star Bright Observatory Public Viewing Night, Sat Apr 22, 8:00pm - 9:45pm, Star Light-Star Bright Observatory 2015 Wickes Road

Admission: Free. If the night is clear, come view celestial objects from the observatory. For more information: NSSTI.

 

Colorado Springs Things to Do

UCCS Music Program Presents: University Choir - 'A Disney Extravaganza', Sat Apr 22, 7:30pm, UCCS - Centennial Hall 1420 Austin Bluffs Parkway

Admission: Free. The University Choir will be performing favorites from "The Lion King," "The Little Mermaid," and more. For more information: UCCS.

 

Colorado Springs Things to Do

Kids Ninja Warrior Competition, Sun Apr 23, 4:00pm - 7:00pm, Springs Trampoline Park 2512 Airport Road

Admission: $35. Kids can be ninjas for an evening competing against their peers for prizes. Registration includes practice run and competition run. For more information: Springs Trampoline park.

 

Colorado Springs Things to Do

Housing & Building Association Home Show, Sun Apr 23, 11:00am - 4:00pm, Mortgage Solutions Financial Expo Center 3650 N. Nevada Avenue

Admission: $5/adult, $4/senior & military, children 17 and under are free. Determined to work on your home remodel wishlist? Attend the HBA Home Show to get a head start on your upgrades. For more information: HBA

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