Welcome to Living Colorado Springs!
There just aren't enough homes for sale for buyers in the Pikes Peak Region!
The inventory has broken records again and has dwindled even further to a record low of 471 homes for sale in the entire Pikes Peak Region (The lowest we have ever seen!). There are only 322 homes for sale in El Paso County and only 240 homes for sale in city of Colorado Springs. These numbers include new construction homes.
Home sales are up 6.0% from last January at 971 homes sold. Pending sales are sitting at 1,603 homes as of February 1st. Homes sales are likely constrained due to the lack of inventory for buyers.
Prices continue to see double digit increases (year over year) due to the high demand and lack of supply. The median price was $385,000 which is up 14.3% from last year. The average price increased 15.4% to $433,289.
With increased demand and record low interest rates, our inventory problem will 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 fewer home options. It is more important than ever for buyers to have a realtor on their on side!Check out Colorado Springs Real Estate Market Conditions as of February 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 email@example.com. Come back and visit often!
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