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Home Prices in Colorado Springs, CO for April 2014

by Alan Daniels

Home Prices in Colorado Springs, CO

Real estate market data for Colorado Springs, CO provided by Alan Daniels of The Daniels Team at RE/MAX Advantage.

Colorado Springs Home Prices

 

We have seen a steady increase on home prices in Colorado Springs over the last 12 months and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Colorado Springs but having a good Real Estate Agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are selling within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Colorado Springs home on which you are making an offer.

If you are interested in how much current inventory is on the market in Colorado Springs you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in Colorado Springs, homes have a median time of 85 days on the market before they sell. This would suggest that buyers are in a decent position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Colorado Springs has multiple offers coming in on homes. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.

 

Colorado Springs Real Estate Report Summary

Free Colorado Springs Coummity Reports

  • The median list price in April for all single family homes in Colorado Springs is $250,958. The list prices increased by 2.43% from the previous month.
  • The price per square foot for listings in this area is $135.
  • The median sale price in April for single family homes is $210,000. The sale prices increased by +1.01% from the previous month.
  • The price per square foot for sales in this area is $114.25.

 

 

 

Find Homes for Sale in Colorado Springs CO

Visit my website to search for homes in Colorado Springs or to be notified when Colorado Springs Homes come on the market.

To find out what your home is worth in the current market Click Here or call 719-357-8550.

 

Checkout Our New Home Search with Top Resources!

by Alan Daniels

Colorado Springs Homes For Sale

We are proud to announce that we have upgraded and launched our New Home Search Resource.  Click Here to take a look at it to see why it is one of the best home searches in Colorado Springs and Monument.  Here is a list of just some of the best tools the search provides.

  • Search thousands of listings in the Pikes Peak Region.
  • View tons of details, photo slideshows, virtual tours and more.
  • View various map views with points of interest, get directions and more.
  • Search by map to find homes near points of interests.
  • View the newest added listings on market and most recent price reductions to get a jump on the best homes before other buyers do.
  • Checkout the Lifestyle portion of the search that lets you search by importance of highly rated schools, low crime ratings, median home income, type of neighborhood, cost of living and commute time.
  • Find Luxury Homes in Colorado Springs and surrounding areas.
  • Find New Construction and New Homes in Colorado Springs and surrounding areas.
  • Search All Foreclosure Properties.
  • Search by city, zip code, address, subdivision/neighborhood, school district, MLS number, MLS area
  • Create a search alert to update you with matching properties instantly.
  • Save and organize favorite listings and previously viewed homes.
  • Choose from tons of criteria to find the best matches for you.
  • Updated multiple times a day to provide the most recent and relevant results.  Don't count on other outdated searches as this search allows buyers to find the best home first.

Evaluating Neighborhoods in Colorado Springs

by Alan Daniels
Are you getting ready to look at homes for sale in Colorado Springs and surrounding areas? This is a good time to choose which neighborhoods or areas you plan to buy in. Some of you may know exactly what areas you would like to live in. If you are not sure it will require some detailed research on areas and neighborhoods. Now is a good time to create a homebuyer checklist to rank priorities with community amenities you would like to have and those you must have. Take each area and neighborhood and weigh it against your priorities. Local amenities such as parks, trails, entertainment, shopping, hospitals, and other things that are important to your lifestyle should be considered in location. School locations and test scores should also be considered when looking at different areas. It is also recommended to research crime rates in and around the area by contacting the Colorado Springs Police Department and surrounding departments. This has been very helpful for many of my clients who have received information specific to the areas with detail down to the street and block. 
Next get out there and gain first-hand knowledge about each area’s access to transportation, and its proximity to schools, shopping and entertainment. Visit the area during peak commute hours to get a feel for traffic conditions and other related issues.
Remember that your Colorado Springs Realtor is your number one source for neighborhood and area information.   Your Real Estate Agent can set you up with a personal home search in Colorado Springs and surrounding areas and funnel the results down to your top areas. In addition to providing you with comparative market analysis data, a good Realtor can let you know how long home listings stay on the market, helping indicate a neighborhood’s desirability.  Your Realtor also is a neighborhood and area expert who can inform you on issues and amenities specific to the neighborhoods you're interested in, bringing to your attention matching neighborhoods you may not have known about or otherwise considered.
Neighborhood Evaluation Tools - Includes Colorado Springs, Monument, Fountain, ect.

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