Colorado Springs Real Estate Blog

 

July 2018 Colorado Springs Real Estate Market Statistics Infographic

 

The Colorado Springs Real Estate Market Report for July 2018

According to the new data released by the Pikes Peak Association of REALTORS® for July 2018, the Colorado Springs real estate market is showing signs of a possible slow down.

The Bottom line:

The Seller's Market trend of the past few years appears to be cooling off. Year-over-year homes sales are dropping slightly and our typical sales price increases are slowing down.

Let's take a look at the July 2018 real estate market for Colorado Springs:

July 2018 Colorado Springs Real Estate Statistics

  • New Listings: 1,884 (Down +3.1% from last year)
  • Sold Listings: 1,592 (Down -3.3% from last year)
  • Total Active Listings: 2,385 (Up +0.8% from last
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June 2018 Colorado Springs Real Estate Market Statistics Infographic

 

The Colorado Springs Real Estate Market Report for June 2018

According to the new data released by the Pikes Peak Association of REALTORS® for June 2018, the Colorado Springs real estate market is showing signs of a possible slow down.

The Bottom line:

We had nearly the same amount of homes sold this June as we did last year. At the same time, the median home price has risen 12% since last year. Those two numbers will have to balance out soon.

Let's take a look at the June 2018 real estate market for Colorado Springs:

June 2018 Colorado Springs Real Estate Statistics

  • New Listings: 2,051 (Up +10.0% from last year)
  • Sold Listings: 1,737 (Down -0.3% from last year)
  • Total Active Listings: 2,162 (Same
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How To Assume A VA LoanThe ability to assume a VA Loan is a great feature of the VA Home Loan Benefit. It allows a Veteran or active duty homeowner to sell their home to another willing and able buyer and have the new buyer assume the seller’s existing VA home loan. The buyer does not need to generate a new loan to purchase the house. This becomes a popular feature when interest rates rise, because the older existing loans will usually have lower rates.

What’s The Benefit of Assuming a VA Loan?

The main benefit of assuming a VA loan lies in the terms of the loan. If the current existing terms of the VA loan are more desirable than the current market terms, the VA Loan Assumption becomes valuable to the potential home buyers. If the buyers are eligible to assume the loan

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Home Buyer Checklist - 10 Things to Do Once Your Offer is Accepted

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What Happens After The Seller Accepts My Offer?Buying a house takes time, energy, and focus to get through the process without making a mistake or simply losing your mind altogether. Getting your loan pre-approval completed, finding the right house, structuring a competitive offer, and executing a sales contract can be exhausting.

Once you have a signed sales contract in hand, it may feel as though your work is done; unfortunately, this is not the case. An accepted offer is only the beginning of the process; there's a lot more work to do to get your transaction closed. The most common question buyers ask after their offer has been accepted is: “What happens next?”.

This article will help you stay on track and make sure that you are properly prepared to close your transaction without

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May 2018 Colorado Springs Real Estate Market Statistics Infographic

 

The Colorado Springs Real Estate Market Report for May 2018

According to the new data released by the Pikes Peak Association of REALTORS® for May 2018, the Colorado Springs real estate market is showing signs of a possible slow down.

The Bottom line:

Our local real estate market seems to be speeding up and slowing down at the same time. We had 4% fewer homes sold this May, in comparison to last year. We also had an 11.7% Median Home Price increase over last year. Sales are slowing while home prices are still rising. 

Let's take a look at the May 2018 real estate market for Colorado Springs:

May 2018 Colorado Springs Real Estate Statistics

  • New Listings: 2,030 (Up +1.3% from last year)
  • Sold Listings:
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3 Important Questions to Ask A Buyers Agent Before You Hire ThemIn the beginning stages of the home buying process, most buyers rarely think “it’s time to hire an agent”. Instead, they start shopping for homes online to figure out where they want to live and what size home they can afford. Finding a Realtor right away doesn't feel like a necessity at this point. 

Unbelievably, many buyers don’t even interview agents, they simply use whomever is closest to them socially. The truth is, a good Realtor will save you a ton of time right up front. 

If you have ever bought a home before, the chances are high that you gained some valuable information from the experience. Imagine buying and selling hundreds of homes. How much more knowledge would you have then? This is just one of the great aspects of working with a

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April 2018 Colorado Springs Real Estate Market Statistics Infographic

 

The Colorado Springs Real Estate Market Report for April 2018

According to the new data released by the Pikes Peak Association of REALTORS® for April 2018, the Colorado Springs real estate market is showing signs of a possible slow down.

The Bottom line:

The Median Sales Price has just reached another record high of $305,000. At the same time, our overall sales have dropped by 1.8% and homes listed has risen by 7.9%. This may mean that our market is starting to slow down a bit from last year.

Let's take a look at the April 2018 real estate market for Colorado Springs:

April 2018 Colorado Springs Real Estate Statistics

  • New Listings: 1,972 (Up +7.9% from last year)
  • Sold Listings: 1,286 (Down -1.8%
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9 Tips For Selling Your Home When You Have KidsSo, you’ve been thinking about selling your house - and then you realized that YOU HAVE KIDS! How is that going to work without losing your mind?

Well, it has been done plenty of times before, so don't worry too much. If you plan out the selling process correctly, it is much easier. Take a deep breath and let's go through this together.

The hardest part of selling a home with kids is that they tend to undo your efforts as soon as you get a room cleaned and ready. You move on to the next room while they follow behind you with a new mess.

Kids don't feel the same sense of urgency that you feel as you are planning out this major life event. This can cause tensions to rise in the household. In this article, I'll explain some simple steps you can take

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March 2018 Colorado Springs Real Estate Market Statistics Infographic

 

The Colorado Springs Real Estate Market Report for March 2018

According to the new data released by the Pikes Peak Association of REALTORS® for March 2018, the Colorado Springs real estate market is showing signs of a possible slow down.

The Bottom line:

The Median Sales Price has just reached a record high of $300,000. At the same time, our overall sales have dropped by 1%. This may mean that we will experience a slow down soon, which is very much needed for our market to balance out and being home prices to a more reasonable level.

Let's take a look at the March 2018 real estate market for Colorado Springs:

March 2018 Colorado Springs Real Estate Statistics

  • New Listings: 1,758 (Down -0.1% from last
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Colorado Springs Area 5 Year Real Estate Appreciation by Zip Code

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Colorado Springs and the Pikes Peak region have experienced positive appreciation in our local real estate market within the last 5 years. Some areas have appreciated more than others. This article is designed to inform you of which areas have experienced the highest rate of appreciation. This data was gathered from our local Multiple Listing Service (MLS) through Pikes Peak Association of Realtors. Here's a look at the last 10 years of sales in the Pikes Peak region.

 Colorado Springs Median Home Values Over 10 Years

Notice the dip in the median home value between 2007 and 2011. That's when our national housing market crashed during the recession. Notice how we have appreciated every year since 2011. In 2013, we were back at the same median home

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