In a recent article written by Becky Hurley entitled, "Prices soft, but local home market impressing researchers," she reported that "Colorado Springs ranks 3rd on the top 10 list of cities most likely to return from the downturn, based on data from Zillow.com."
The good news shows continued development within various business sectors, especially regarding defense contract work, increased military influx, ongoing Olympic presence, as well as sprouts of small business growth.
Zillow.com surveys report that within the past five years, Colorado Springs sales prices have only depreciated 1.7 percent, which is trivial compared with other areas throughout the United States. For example, in Las Vegas, listing prices fell 3.7% last month alone.
More realistically from the viewpoint of this Colorado Springs Realtor, I've seen this depreciation figure vary from 7-9% over the past 3-4 years, which again appears reasonable for this climate of economic correction.
While the Colorado Springs Real Estate market remains ripe for the forward-thinking buyer or investor, it's important to make a purchase where the viability for appreciation exists. The deals are out there regarding any price range. Colorado Springs Realtors with Selley Group Real Estate, LLC possess the know-how and the stick-ability of leadership to find the best deals on the market regardless of the consumers' needs.
I don't know how everyone else views the state of the Colorado Springs Real Estate market. The opinions vary profoundly. As for myself, I perceive steady growth from our current bottom line. I do not anticipate gigantic spikes of appreciating value, but I believe continued, slow and steady, progress is on the horizon over the next few years. Some of the key factors to fuel this real estate market also include stimulating job growth and the maintaining of reasonable interest rates.
Aren't these requirements also required throughout the entire United States as it pertains to stimulating other real estate markets?
For more information about our Colorado Springs Realtors, click on to www.selleygroup.com.
Comments(2)