Real Estate Information Archive

Blog

Displaying blog entries 1-5 of 5

Construction Bubble for New Homes in Colorado Springs?

by Alan T Daniels

Some people have been asking if there is a construction bubble for new homes in Colorado Springs.  If you are in the market to buy a new home in Colorado Springs and surrounding areas or know someone who is you may be asking yourself this question.  Is the pace of housing recovery unsustainable?  

Not according to Chief Economist of Realtor.com, Jonathan Smoke who explains: 

“The havoc during the last cycle was the result of building too many homes and of speculation fueled by loose credit. That’s the exact opposite of what we have today.”

We are still way below historic averages when looking at the number of housing starts over the last 30 years.  Especially when comparing the numbers of housing starts during the current recovery (2012 to now) to the massive numbers built during the run up to the housing bubble (2002-2006).

A housing start is defined as the number of permits issued for new construction units and we are comparing permits issued for single family housing starts for the most applicable comparison.

Now that we have seen the National comparison what is going on in El Paso County?  

  • Permits Issued in 2005 for El Paso County:  6,250
  • Permits Issued in 2015 for El Paso County:  2,939
  • Permits Issued in July 2005 for El Paso County: 517
  • Permits Issued in July 2016 for El Paso County: 299

Source: Census Bureau 

Bottom Line

New homes (permits issued) in El Paso County are going up at about half the rate they were running up to the housing bubble.  Builders can’t keep up with current demand making it an extremely good market to buy new or resale housing in.  

If you are looking for new homes in Colorado Springs, Monument, Fountain and surrounding areas it is important to consult with a Realtor who specializes in new home construction to look at a number of variables which will protect your investment.

Click Here to Search New Homes For Sale in Colorado Springs and Surrounding Areas

Horse Property in Colorado

by Pam Jensen

Horse property in ColoradoLooking for Colorado horse property? Take a look at this dream horse property in Colorado Springs.  This home is located in one of the best locations in all of Colorado and boasts 35 acres of seclusion in the beautiful Black Forest.  Don't let the seclusion fool you because you'll still have the nearby convenience of quick access to city life and amenities.  This piece of property has an over 5000 square foot custom home with 4 bedrooms and 5 baths.  The gourmet kitchen was recently updated with granite counters. There is new paint throughout and new carpet.  Perfect if you work from home with a private study with coffered ceilings that includes a fireplace and a gorgeous view with access to the deck. As a horse property in Colorado Springs, this home has a large barn, corals, stalls and enough room for all your equine needs.

Colorado horse property
Surrounding the property to the south is 240 acres in the Palmer Foundation that will only allow two homes to be built.  The Shamrock ranch to the north may be put into the Palmer Foundation as well.  To the east is 115 acres of land privately owned.  This property has the best views that the Black Forest offers along with a great combination of trees and meadow areas. Come take a look at this beautiful horse property for sale in Colorado.

See all the details, photos and a virtual tour by clicking on this link.

Black Forest Real Estate Market Update - February 2011

by Alan Daniels
Black Forest covers over 200,000 acres and borders the north end of Colorado Springs. Black Forest is an ideal area for those looking for a rural setting while still remaining close to Colorado Springs. Homes in Black Forest can be found in a number of different price ranges.  Abert Estates, Antlers Ridge Estates, Black Forest Estates, Black Forest Reserve, Brentwood, Camelot, Cathedral Pines, Cherry Creek Springs, Eagle Wing Estates, Elk Creek Ranches, Elkhorn Estates, Forestgate, Forest Edge Estates, Forest Green, High Forest Ranch, Highland Park, Longview Estates, New Breed Ranch, Paint Brush Hills, Prairie Vista, Sylvan Meadows, Timber Ridge,Terra Ridge, The Trails, Wildwood Ranch Estates, Wildwood Village, Walden Preserve, Wildridge, Willow Springs Estates, Woodlake, and Woodlake Hills are just some of the neighborhoods in Black Forest. 
Black Forest Real Estate Market Report | Homes in Black Forest
 
Black Forest Single Family Homes and Patio Homes
Monthly Listing Activity For Black Forest Real Estate 2010 Monthly Average Jan Feb
Available Homes in Black Forest 134

134

138
Median List Price For Homes in Black Forest $434,500 $408,700 $449,950
Average List Price For Homes in Black Forest $548,983 $524,394 $559,445
Listings Added to Market in Black Forest 35 34 26
Listings Pending Contract in Black Forest 15 9 8
Expired/Withdrawn Listings in Black Forest 37 34 30
       
Monthly Sales Activity For Black Forest Real Estate 2010 Monthly Average Jan Feb
Black Forest Homes Sold 14 10 11
Median Sales Price For Homes in Black Forest $349,975 $318,750 $444,000
Average Sales Price For Homes in Black Forest $380,992 $311,005 $488,172
Median List Price For Homes Sold in Black Forest $368,900 $344,950 $453,000
Sold Price / List Price 97% 96.20% 92.40%
Average Days On Market For Homes in Black Forest 130 101 155
 
 
Black Forest Condos and Townhomes
Monthly Listing Activity For Black Forest Real Estate 2010 Monthly Average Jan Feb
Available Condos and Townhomes in Black Forest none

none

none
Median List Price For Condos and Townhomes in Black Forest none none none
Average List Price For Condos and Townhomes in Black Forest none none none
Listings Added to Market in Black Forest none none none
Listings Pending Contract in Black Forest none none none
Expired/Withdrawn Listings in Black Forest none none none
       
Monthly Sales Activity For Black Forest Real Estate 2010 Monthly Average Jan Feb
Black Forest Condos and Townhomes Sold none none none
Median Sales Price For Condos and Townhomes in Black Forest none none none
Average Sales Price For Condos and Townhomes in Black Forest none none none
Median List Price For Condos and Townhomes Sold in Black Forest none none none
Sold Price / List Price none none none
Average Days On Market For Condos and Townhomes in Black Forest none none none
 
Black Forest Land and Rental Homes
Monthly Listing Activity For Black Forest Land / Lots Jan Feb
Available Land and Lots in Black Forest

147

168
Average List Price For Land in Black Forest $444,423 $394,536
     
Monthly Activity For Black Forest Rental Homes Jan Feb
Black Forest Rental Homes Available 3 1
Average Rental Price For Homes in Black Forest $1,866 $1,650

This representation is based in whole or in part on information from the Pikes Peak Association of Realtorsâ, the Colorado Springs Realtor Services Corp., or its PPMLS.  Neither the Association, the RSC, nor the PPMLS guarantees or is in any way responsible for its accuracy.  Data maintained by the PPMLS does not reflect all real estate activity in the market.
 
“Based on information from the Pikes Peak Realtor® Services Corp. (“RSC”), for the period 2011.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

Cathedral Pines Neighborhood Information

by Alan Daniels
Cathedral Pines is an elegant community nestled in the beautiful ponderosa pines that Black Forest is known for. Enjoy the seclusion from the hustle and bustle, but enjoy being close to the necessities. Located just 2 miles east of highway 83, Cathedral Pines is a skip away from I-25 and many other conveniences. This part of Black Forest is truly breathtaking.

Cathedral Pines covers 810 acres with a limited number of lots totaling 158. Each lot ranges from 2.5 - 5 acres providing a nice cushion between properties. Cathedral Pines is a covenant protected community with beautiful custom homes that compliment the surroundings. Each property has an unparalleled view with access to 210 acres of parks and open space within Cathedral Pines. There is another 240 Acres parallel to Cathedral Pines with the neighboring Black Forest Regional Park, providing an incredible 450 acres of open space and trails. Enjoy over 8 miles of trails winding throughout the development and into Black Forest Regional Park. Many lots are adjacent to the open space and parks. Other lots in Cathedral Pines lack trees in a more than fair trade for incredible Pikes Peak and Front Range Views. Children living in Flying Horse will attend Academy School District 20.

The Club at Flying Horse is less than 4 miles away and provides a number of facilities and services as well as its private 18-hole golf course designed by the renowned master, Tom Weiskopf. If that is not enough make use of a top of the line athletic club, spa services, food and beverage services, and a complete business center in The Club at Flying Horse. Also take advantage of their professional concierge staff to free up time to enjoy everything Cathedral Pines has to offer.

Cathedral Pines has a wonderful Community Center that is available to all residents in the area for private and community functions. Many water features and ponds add to the fabulous ambiance of this community. If that is not enough, try dropping a line in one of Cathedral Pines stocked trout ponds.

Cathedral Pines is a truly exceptional community in Black Forest and is definitely worth taking a look at! Is Cathedral Pines the neighborhood for you?

2007 Colorado Springs Parade of Homes

by Alan Daniels
It is that time of year again!  The Parade of Homes is in progress.  It started on August 17 and goes until September 2.  There are a total of 46 homes to view in the parade.  The most exciting homes to see are the 16 that are over 1 million dollars.  Do not let that stop you from viewing the other homes in the parade as well.  The main parade sites are The Black Forest Reserve and The Preserve at Walden.  Cordera has some homes that are grouped together, and the rest are scattered all around Colorado Springs, Manitou Springs, Monument, and Woodland Park.  The tickets are $10 for adults, and free if under 18 or over 65 years old.  Active military can get free tickets (see parade website below for details).  Enter to win a pool table from Backyards & Billiards if you get your ticket stamped at 25 of the parade homes. 
The parade is great for taking in design ideas, so bring your camera!  It is also a great way of seeing what the different builders can do.  If you are looking to build, make sure to contact your Realtor so they can help you find the best builder for your needs.
 
Some of the Home Locations:
Black Forest Reserve, The Preserve at Walden, Palomino Ranch Condos, The Vistas at Nor’wood, Cathedral Pines, Turkey Canyon Ranch, Black Forest, Manitou Springs (Fountain Creek Villas), Woodland Park, The Townes at Gold Hill Mesa, Wolf Ranch – Parkwood Neighborhood, Cordera, Broadmoor, Falcon, University Park, Springs Ranch, Northgate, and Peregrine – Tuscany Heights, The Gables, Grey Hawk, Falcon Terrace, Settlers Ranch, Latigo Creek, Star Ranch, Wildernest, Greenland Preserve, Haven at Cumbre Vista, Fairway Pines, Fountain Creek Villas, Palmer Divide, Eagle Wing Estates, Turkey Canon Ranch, Eastbrook

Displaying blog entries 1-5 of 5

Syndication

Categories

Archives

FOLLOW US ONLINE

Like Daniels Team Real Estate Daniels Team on Youtube Daniels Team on Twitter Colorado Springs Short Sale Realtors Colorado Springs Realtor Top Realtors In Colorado Springs