colorado springs: Inventory report for 5/26/2016 Colorado Springs / El Paso County - 05/26/16 02:58 PM
As we near the end of May 2016, inventory in Colorado Springs / El Paso County remains very low.
The following data is for existing homes (no new construction or under construction included), single family homes in El Paso County.
Last week, there were a total of 1,763 properties listed as actively for sale. Now that is down to 1,509. A decrease of 254 active listings.
Properties listed for less than $800,000. Last week = 1,588, this week = 1,346, a decrease of 242.
Properties listed for less than $600,000. Last week = 1,430, this week = 1,202, a decrease of 228.
Properties listed for less … (0 comments)

colorado springs: Market Watch report 5/26/16 for Colorado Springs / El Paso County - 05/26/16 02:32 PM
Here is the market watch data for the Pikes Peak Association of Realtors® for the last 7 days.
 
New Listing (437)             
Price Increase (50)           
Price Decrease (233)       
Back On Market (84)       
UC 1st Rgt - Showing (2)
Under Contract - Showing (301)  
UC Short Sale - Showing (11)       
Withdrawn (28) 
Pending (302)    
Sold (471)           
Leased (0)           
Cancelled (35)   
Expired (4)          
 
There were nearly 100 more new listings that the previous 7 days. Are owners seeing their neighbors get top dollar and deciding to try their luck?
On the other hand, 233 sellers found they needed to decrease their price to increase showings and offers.
84 properties came back on the market. Many of those because of low … (0 comments)

colorado springs: Market Watch report for Colorado Springs / El Paso County - 05/19/16 09:35 AM
Here is the market watch data for the Pikes Peak Association of Realtors® for the last 7 days.
 
New Listing (344)   
Price Increase (63) 
Price Decrease (244)         
Back On Market (78)         
UC 1st Rgt - Showing (2)  
Under Contract - Showing (275)
UC Short Sale - Showing (3)        
Withdrawn (10)     
Pending (314)         
Sold (356)    
Leased (0)    
Cancelled (32)         
Expired (6)   
 
275 properties went under contract – showing and another 314 went pending for a total of 589.
 
356 properties closed.
 
With only 344 new listings, inventory levels remain very low.
 
63 sellers felt confident enough to raise their price while 244 sellers found they needed … (1 comments)

colorado springs: First time home owners in the “Central” District 11 then, and now. - 05/13/16 03:55 PM
Colorado Springs has a number of first time home buyers on its own and then there are those who don’t want to live in a big city like Denver or can’t afford to live in Denver.
 
First time home buyers who can’t afford district 20 may look at district 11, the Central district.
 
With the Colorado Springs market heating up let’s look at the last 3 months of 2015 and the most recent 3 months.
 
For this comparison I will focus on the most typical properties for first time buyers, those from $160,000 to $280,000 in district 20.
 
 
For the last 3 months of 2015:
 
510 … (1 comments)

colorado springs: First time home owners in Academy District 20 then, and now. - 05/13/16 03:23 PM
Colorado Springs has a number of first time home buyers on its own and then there are those who don’t want to live in a big city like Denver or can’t afford to live in Denver.
 
Some jobs, like nurses or other medical personnel, who work 12 hours shifts, can live in the Springs and drive in to Denver just 3 times a week.
 
Other people, especially technology employees, may be able to work from home and just go to the office a few times a month.
 
With the Colorado Springs market heating up let’s look at the last 3 months of 2015 and … (3 comments)

colorado springs: Manitou Springs District 14 then, and District 14 now. - 05/12/16 09:08 AM
Colorado Springs is blessed to have Manitou Springs just Southwest of Downtown. Eclectic is just a start in describing the variety you will find.
 
The students who aren’t home schooled attend district 14 which ranges from the town of Manitou Springs, North up highway 24 through Green Mountain Falls.
 
With the Colorado Springs market heating up let’s look at the last 3 months of 2015 and the most recent 3 months.
 
For this comparison I will focus on the most typically sold properties, those from $200,000 to $600,000.
 
 
For the last 3 months of 2015:
 
30 properties sold
Median total square feet was 2,204
Median list … (2 comments)

colorado springs: Lewis-Palmer District 38 then, and district 38 now. - 05/12/16 08:49 AM
District 38, the Lewis-Palmer district, spans the northern portion of El Paso County, from roughly Baptist Road to the South, up to County Line Road in the North.
 
With the Colorado Springs market heating up let’s look at the last 3 months of 2015 and the most recent 3 months.
 
For this comparison I will focus on the most typically sold properties, those from $200,000 to $600,000.
 
 
For the last 3 months of 2015:
 
140 properties sold
Median total square feet was 3,440
Median list price $381.500
Median sold price $377,729
Sales price to list price 99.05%
Median sales price per square foot $113
Cumulative days on market 59
Median year built … (2 comments)

colorado springs: District 11 then, and district 11 now. - 05/11/16 02:31 PM
District 11, often referred to as the “central district,” is the original school district in Colorado Springs. It has a rich history.
 
With the Colorado Springs market heating up let’s look at the last 3 months of 2015 and the most recent 3 months.
 
For this comparison I will focus on the most typically sold properties, those from $200,000 to $600,000.
 
 
For the last 3 months of 2015:
 
434 properties sold
Median total square feet was 2,335
Median list price $249,975
Median sold price $248,000
Sales price to list price 99.08%
Median sales price per square foot $109
Cumulative days on market 40
Median year built 1978.
The oldest house sold was built … (1 comments)

colorado springs: Falcon district 49 then, and district 49 now. - 05/11/16 01:57 PM
District 49, the Falcon School District, is located on the east side of Colorado Springs. It is a large district geographically, and one of the fastest growing.
 
With the Colorado Springs market heating up let’s look at the last 3 months of 2015 and the most recent 3 months.
 
For this comparison I will focus on the most typically sold properties, those from $200,000 to $600,000.
 
 
For the last 3 months of 2015:
 
486 properties sold
Median total square feet was 2,776
Median list price $263,6780
Median sold price $260,000
Sales price to list price 100.00%
Median sales price per square foot $96
Cumulative days on market 50
 
 
For the most recent … (1 comments)

colorado springs: Cheyenne Mountain district 12 then, and district 12 now. - 05/10/16 07:02 PM
School district 12, the Cheyenne Mountain district is a very popular and well regarded district to the Southwest of downtown Colorado Springs. The famous Broadmoor Hotel complex lies within district 12 and it is near both Fort Carson and the Cheyenne Mountain military installation.
 
With the Colorado Springs market heating up let’s look at the last 3 months of 2015 and the most recent 3 months.
 
For this comparison I will focus on the most typically sold properties, those from $200,000 to $600,000.
 
 
For the last 3 months of 2015:
 
57 properties sold
Median total square feet was 2,966
Median list price $350,000
Median sold price $347,500
Sales price … (0 comments)

colorado springs: Academy district 20 then, and district 20 now. - 05/10/16 06:45 PM
School district 20, known as the Academy district is often mentioned when people are asked about good school districts. Just to be clear, El Paso County has many good school districts but district 20 seems to have an edge when it comes to being mentioned by people.
 
With the Colorado Springs market heating up let’s look at the last 3 months of 2015 and the most recent 3 months.
 
For this comparison I will focus on the most typically sold properties, those from $200,000 to $600,000.
  
For the last 3 months of 2015:
 
398 properties sold
Median total square feet was 3,147
Median list price $329,450
Median sold … (1 comments)

colorado springs: Low inventory – important features and value are a must - 05/10/16 03:40 PM
A couple of months ago I wrote about the difference in price and value.
 
http://activerain.com/blogsview/4849614/buyers---there-is-a-difference-in-price-and-value-
 
Since then, the Colorado Springs market has heated up even more and inventory levels are lower than they have been in years.
 
One of the potential downsides is that homeowners, investors and flippers may put a house on the market that seems ok but isn’t a good value.
 
There is an old adage about “putting lipstick on a pig.”
 
A home that isn’t the best value may not be quite that obvious.
 
Before you start looking in any low inventory market across the country, go for a “test drive” with a knowledgeable, … (2 comments)

colorado springs: Low inventory – Is there hope for Millennials? Yes! - 05/10/16 07:22 AM
Just as many Millennials are digging out from under their student loan debt they are encountering the fact that many markets, including El Paso County / Colorado Springs, are experiencing very low inventory.
 
They see properties going under contract before they can even get off work to go see them.
 
Two of the many attributes attributed to Millennials are hope and self-reliance.
 
Both of these can take a beating in a low inventory market.
 
More than one Millennial has exercised their self-reliance and bought the wrong house just so they aren’t left out in the frenzy of multiple offers.
 
There is a better way.
 
First of all … (4 comments)

colorado springs: Low inventory – by price range - 05/09/16 09:25 AM
In a post earlier today I noted that in the MLS this morning there were only 1,702 single family houses listed as being “active” for sale.
http://activerain.com/blogsview/4880817/low-inventory---no-inventory-#20081360
How does that break out by price range?
Up to $99,000 there are 6 houses. Two of those are in Chateau At Antelope Ridge where you own the modular house but not the land it sits on.
From $100,000 to $199,999 there are 113 listings. Many of these are mobile homes, or houses built from 60 to over 100 years ago.
$200,000 and $299,999 there are 423 listings.
$300,000 and $399,999 there are 412 listings.
$400,000 to $499,999 there are 264 … (2 comments)

colorado springs: Low inventory – no inventory? - 05/09/16 08:10 AM
Buyers looking for a single family home in Colorado Springs (El Paso County) are increasingly finding fewer and fewer properties to choose from and more and more competition for the limited inventory that is available.
Most weeks, for the last several months, more houses go under contract than new listings come on to replace them.
While we aren’t quite at the frenzy that Denver has experienced in recent years demand has been strong.
Better properties that are reasonably priced are gone in 24 hours or less. The days when prospective buyers could wait until the weekend to look are gone.
Buyers and their broker need … (3 comments)

colorado springs: Colorado Springs District 20 ~ Academy District ~ year in review 2015 - 02/27/16 07:20 AM
While the Colorado Springs / El Paso County area is blessed many great school districts, one of the most popular is also one of the largest, District 20, the Academy District.
 
 
 
While the district does have a couple of public schools on the Air Force Academy grounds, the other 25+ campuses are not on the Academy grounds.
 
Here is a link to a map of most of the area school districts:
https://www.google.com/maps/d/viewer?mid=zUQxyI0dteI0.kGXbt8pRop1g&hl=en
 
Here is a link to a map of just district 20:
http://asr.elpasoco.com/Documents/EntityMaps/ACADEMYSD20.pdf
 
Here is a link to the districts web site:
http://www.asd20.org/Pages/default.aspx
 
 
 
In 2015, 2,200 homes sold that are zoned to district 20.
19 properties, less than … (1 comments)

colorado springs: Colorado Country ~ year in review 2015 - 02/26/16 03:06 PM
Colorado Country is a neighborhood in a great location on the east / central  side of Colorado Springs.
These houses were built from the early to late 80’s.
Colorado Country students are zoned to district 11 schools.
 
 
 
This neighborhood had 29 single family sales in 2015.
Sold prices ranged from $139,000 up to $249,900.
The median sales price was $182,000.
Median price per square foot was $121.
Median days on market were = 15 days.
Median square footage was 1,450.
 
Colorado Country has moderate turnover so finding the size, floor plan and updates you prefer can take some time. Contact me, David Gibson, by phone, 719-304-4684, text message or email for further details or … (4 comments)

colorado springs: Park Vista Estates ~ year in review 2015 - 02/26/16 03:03 PM
Park Vista Estates is a large neighborhoods in a great location on the north / central  side of Colorado Springs.
The typical lot is about a half-acre in size.
Houses were started in the late 50’s and building continues to today.
Park Vista Estates students are zoned to district 11 schools.
 
 
 
This neighborhood had 8 single family sales in 2015.
Sold prices ranged from $235,000 up to $405,000.
The median sales price was $315,000.
Median price per square foot was $111.
Median days on market were = 48 days.
Median square footage was 2,885.
 
Park Vista Estates has limited turnover so finding the size, floor plan and updates you prefer can … (0 comments)

colorado springs: Vista Grande Terrace ~ year in review 2015 - 02/26/16 02:59 PM
Vista Grande Terrace is one of the largest neighborhoods in a great location on the north / central  side of Colorado Springs.
Vista Grande Terrace is just north of the intersection of N. Union Blvd. and N. Academy Blvd.
These houses were built between the early 70’s and the late 70’s.
Vista Grande Terrace students are zoned to district 11 schools.
 
 
 
This neighborhood had 118 single family sales in 2015.
Sold prices ranged from $125,000 up to $289,900.
The median sales price was $208,250.
Median price per square foot was $107.
Median days on market were = 38 days.
Median square footage was 2,001.
 
Vista Grande Terrace has a lot of … (1 comments)

colorado springs: Erindale Park ~ year in review 2015 - 02/24/16 05:48 PM
Erindale Park is a neighborhood in a great location on the north side of Colorado Springs.
Erindale Park is immediately East of the Pulpit Rock Open Space.
Erindale Park students are zoned to district 11 schools.
 
 
 
This neighborhood only had 2 single family sales in 2015.
Both of those houses were built in the early 80’s.
Both had a 2 car garage.
Sold prices ranged from $270,000 up to $276,500.
The median sales price was $273,250.
Median price per square foot was $93.
Median days on market were = 162 days.
Median square footage was 2,979.
 
Erindale Park has very limited turnover so finding the size, floor plan and updates you prefer … (0 comments)

 
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation, Relo, Commercial, Luxury & Lifestyle, Residential (Colorado Real Estate Advisers LLC ) Rainmaker large

David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation

Relo, Commercial, Luxury & Lifestyle, Residential

Colorado Springs, CO

More about me…

Colorado Real Estate Advisers LLC

Address: Colorado Springs, Briargate, Pine Creek, , Black Forest, Broadmoor, Rockrimmon, Academy District 20, Monument

Mobile: (719) 304-4684

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