It’s a Great Time to Buy OR Sell
Colorado Springs is a wonderful place! The average family can afford to buy a house and to prosper in this great community.
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You may recently have seen reports about the the dire situation for real estate in Colorado Springs. Or seen articles about the number of homes on the market.
The reality is that this “problem” is over blown. Houses in Colorado Springs have stabilized in value and in many neighborhoods are starting to rise again.
In 2010, the average sales price was up 6% in Colorado Springs. The median sales price was up 4%. The number of foreclosures decreased by 12%. This is great news.
(As an aside: if you are in the foreclosure process you really should give me a shout. Consultations are free and, and I would love to help you out.
Colorado Springs Real Estate Gold Rush
Here are some real world examples of the Colorado Springs real estate gold rush.
In Briargate, homes have increased dramatically.
Briargate is in the northeast part of Colorado Springs. In 2000, the average home price for a home that is 1200 sq. ft. to 2200 sq. ft. was $152,000. Today, using the exact same criteria, that same home sells for an average price of $198,000.
Not bad for 10 years. That’s over 7% increase per year and that is after the recent correction in the market.
This is an every expanding neighborhood and has some of the best schools in Colorado Springs.
Lets check out a neighborhood (Pikes Peak Park) that was on the lower end of value in 2000.
In 2000, the same home that could be purchased in Briargate for $152,000 cost $110,000 in Pikes Peak Park.
Today that home in Pikes Peak Park costs $141,000. The houses are a little older in Pikes Peak Park (with an average age of 1969), but are still a great investment.
If interested in other neighborhoods in Colorado Springs you can visit them here.
Identify your Desires
If you are looking for a new house in Colorado Springs, you need to ask yourself some questions. This information will help you determine where in Colorado Springs might want to live. Consider these questions:
- What kind of neighborhood do you like?
- Do you want a small lot, large lot or acerage?
- Do you want established neighborhoods or a new home?
- What is your price range? How much can you afford per month?
- Do you have kids who need to go to school?
- Do you want a park nearby?
- How far do you want to drive to work?
- Do you want to buy a house or rent?
Plenty of New Homes
The New vs. Established Question
I have a friend who hates to live in a house that has been lived in before. He is always looking for a new home. He never wants a “fixer-upper” or an aged house. (Update: As of February 2010 he is building a home in Oklahoma where he relocated. Dude is 40 years old and never changes.)
Personally, I prefer a house with some established trees, neighbors, schools and parks.
Sometimes though, a new home is the absolute best way to go. Often, there is a tremendous amount of appreciation that occurs to a home in its first few years after the build out of a subdivision is completed.
If you are interested in a new home, there are many new homes and new home developments that are going up in the Colorado Springs real estate market every day. A real estate agent can help you narrow down the possibilities.
Housing for the Military
If you are in the military, you should seriously consider buying a house. Even if you are here for only a short time, there is always a ready rental market available of other military personel if you are don’t want to sell your house before being transferred. I recommend that you build for the future while you serve your country.
If you are considering buying a home, you should talk to someone who understands your special situation. I highly recommend that you give me a call.
I have the experience you are looking for in a real estate agent. It is so easy to become a real estate agent, that many people have become agents in order to make a quick buck. They are playing the real estate game with your time and money. I’ve been in real estate for 10 years as an investor and appraiser and just became an agent because I love real estate and really want to help people with their real estate needs.
Please visit our military relocation page to get more detailed information about life in Colorado Springs for military personnel and their families.
Buy or Sell a House in Colorado Springs
A Bit of Advice: Work with someone you like.
Since buying or selling a home is an extremely personal process, you really should work with someone you like
I would love the chance to help you find that person. Since I am not an active real estate agent in Colorado Springs, you can talk to me with no pressure.
I’ll help you get the information you are looking for and then hook you up with a real estate agent when you are ready. It doesn’t get any easier than that.
Tired of Colorado Springs real estate? Then you should just go on back home.