Welcome to Living Colorado Springs!
The real estate market in the Pikes Peak Region is INSANE!
The inventory has broken records again and has dwindled even further to a record low of 567 homes for sale in the entire Pikes Peak Region (The lowest we have ever seen!). This equates to a 0.41 month supply of homes, or roughly 12 days. Even more concerning is the fact that of these homes, only 248 are actually in the city of Colorado Springs. This lack of inventory has created fierce competition among buyers amidst a time when our population is at its highest.
Home sales are up 10.3% from last December at 1,376 homes sold! Pending sales are sitting at 1,486 homes as of January 1st.
Prices continue to rise, partially due to the high demand and lack of supply. The median price was $380,000 which is up 15.2% from last year. The average price broke yet another record and is up 19.9% at $437,168.
With increased demand and record low interest rates, our inventory problem will likely persist for some time. Sellers continue to see multiple offers and their homes under contract in a matter of days. Buyers are experiencing bidding wars and few home options.Check out Colorado Springs Real Estate Market Conditions as of January 1.
Do you like to search for homes on your own? There is a search facility that allows us to set up pre-selected searches to help you get started, in addition to being map based and allowing searches for things as specific as floor plans or school districts. Search for homes here.
We specialize in providing quality service to our clients, whether buying or selling. We are experienced relocation professionals with extensive military knowledge and experience. We service Colorado Springs and surrounding areas, as well as Fort Carson, Schriever AFB, Peterson AFB, USAFA, and Cheyenne Mountain. We salute our brave men and women in the military.
The purpose of this site is to provide complete relocation, real estate, living and home buying information for Colorado Springs, Colorado. There is lot’s of information here, so please check the pull down menu buttons across the top of the page, the blog (which deals a lot with what living in Colorado Springs is really like) and Facebook feed on the right sidebar. We’ve got links for about everything you need for living in Colorado Springs, and adding more all the time.
We’re constantly adding more information to this site, so if you have problems, suggestions or questions, please call or text me (Rick Van Wieren, RE/MAX Properties Inc) at 719-331-7675 or email at firstname.lastname@example.org. Come back and visit often!
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