Colorado Real Estate Market

Colorado Springs Open House Weekend 2018: Your Golden Ticket

May 3, 2018 by Toby Lorenc

Pikes Peak Association of Realtors is organizing their annual Open House Weekend, May 5th and 6th 2018. That’s right – it’s this weekend and it’s your opportunity to see homes throughout the city plus register to win prizes using the Golden Ticket entry forms for every open house you visit.

Realtors throughout the Pikes Peak region, including all of Colorado Springs and El Paso County homes, will be holding open houses. You’ll be able to take advantage of an annual event and see hundreds of homes in every price range.

Do some planning and take a look at PPAR.com to decide which open houses you want to attend. Once clicking into any specific home listing, you will find the open house hours and home information, plus the Golden Ticket icon. This will direct you to a form to fill out and bring with you to the open house. Keep in mind, forms are specific to each address. If you are not able to print off the form, the agent holding the open house should have extra copies on hand. Simply turn in your completed form to the open house agent who will deliver all the entries to Pikes Peak Association of Realtors.

PPAR Open House Weekend Golden Ticket

It’s worth your time to visit as many open houses as you wish, because you can submit a Golden Ticket entry at each home you visit (one per family). You could win $500, $250, or $100 Visa gift cards!

Take a look at these Peakdream listings that will be featured during Open House Weekend 2018, plus print off your Golden Ticket entry forms and see the official rules below:

7510 Dairy Ranch Rd Open House Weekend

7510 Dairy Ranch Road, Colorado Springs CO 80919:
Open House Saturday, May 5th 12:00pm – 2:00pm

Come take a look at this gorgeous home in Northwest Colorado Springs. 5 bedroom, 5 bathrooms and 4890 square feet. Beautiful settings and views, plus you are just in time for the $25,000 price drop: Click here for more photos and the new price.

MLS # 4521398 Download Your Golden Ticket Entry Here

11 Heather Drive Open House Saturday May 5th 1pm-4pm

11 Heather Drive: Open SAT 1pm-4pm

11 Heather Drive, Colorado Springs, CO 80906: Open House Saturday May 5th 1pm-4pm

Brand new listing, with the first available opportunity to see during the PPAR Open House Weekend. 5 bedrooms, 5 bathrooms in the highly valued Cheyenne Mountain School District 12. This colonial style southwest Colorado Springs home is tucked into the trees on this gorgeous lot near the 5-star luxury Broadmoor Hotel. Click for Price and Additional photos.

MLS # 4492762 Download Your Golden Ticket Entry Here

Take advantage of the amazing weather this weekend and get out to see all the great Colorado homes for sale! If you have questions or need assistance, please contact one of our agents.

Open House Weekend Official Sweepstakes Rules 2018

1st Quarter Real Estate Trends in Colorado Springs

April 11, 2018 by Toby Lorenc

Colorado Springs Real Estate Stats

First quarter of the calendar year brought nearly a mirror image of where we were at this time last year regarding number of new listings and sales. Those factors are small, single digit percentage changes. However, our average sales price for both single family homes and townhome/condos is up significantly, and 1st quarter brought an increase in interest rates as well.

How much are homes selling for in the Pikes Peak region?

Currently, our average sales price for a single family home is $335,439 (cumulative for January – March 2018). For townhomes and condos, the average cumulative sales price is $213,631. Single family prices are up 12.5% from first quarter last year, and condo/townhome average price is at an amazing 14.5%. That’s some pretty nice appreciation on your investment over a 12 month period!

Home Inventory and Sales Up in March versus February 2018

As we jump into the Spring season, sellers and buyers have been busy in the month of March 2018. The total number of new listings in March was 1,758 single family homes, which is up almost 43% from February 2018 (1,233 new listings in February). It’s even more significant with townhomes and condos: we still saw 270 units listed in March, which was a 86% increase from February. We expect these trends to continue through summer, as it’s typically the busiest season for buying and selling homes. In fact, the trend has already started as the days on market for single family homes dropped from 40 days (February 2018) to 28 days in March 2018.

Interest Rates Are Up As Well

Mortgage Interest Rates: Make Your Move!

Not only are home prices increasing, increasing interest rates have had an impact on 1st quarter of 2018 as well. Although we’re still spoiled with historically low rates, we did notice a quick jump in the past 3 months of nearly half a point. Interest rates change based on the type of loan and other factors, but currently conventional 30-year loan rates are around 4.375%.

What’s The Future for This Market?

We all wish we had a crystal ball to see into the future and tell you exactly what’s going to happen in the world of real estate. Analyst are predicting this market will most likely continue for the next 4 years or so, meaning home prices will keep increasing and seller’s will have the edge in most price ranges. If you’re thinking of buying a home, now’s the time.

Based on information from the Pikes Peak REALTOR® Services Corp. (“RSC”), for the period January 2017 through March 2018. 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.

Increasing Mortgage Interest Rates: Make Your Move!

March 28, 2018 by Toby Lorenc

Mortgage Interest Rates: Make Your Move!

We are just about to say goodbye to the first quarter of 2018 and mortgage rates have already hit most of analyst predictions about rates for the year. Predictions were for rates to be in the mid 4’s later this year and that is exactly what we are seeing right now. 30-year fixed rates were in the high 3’s at the end of 2017, so these recent changes has been quite a move upward. Fortunately, rates are still very low by historical standards and have given home buyers a good start to the year.

Climbing Interest Rates Still Beat Historical Highs

Now, is still seen by most, as the best time to buy a home despite the higher uptick in rates. It’s very likely the rates will continue to climb throughout the year, so your best chance in getting a low rate is making your move sooner than later. Rates currently in the mid 4’s are the highest we have seen in last 4 years. So what does this mean for you as a homebuyer:

Thinking of purchasing a home? Make Your Move while rates are low

$250,000 home mortgage

4.5% interest rate

$73 more per month than a 4.0% interest rate

Homebuyers need to look at the bright side of the recent moves in rates and mid 4’s is still extremely good for a 30yr fixed rate. Over the history of mortgage rates, only 15% of the time in the past were rates lower…meaning the rates we are seeing right now are better than 85% of the past homeowners rates!

So what’s ahead for rates in 2018?

Rates are already at the levels where most agencies predicted. However, they just have moved up quicker than most had predicted. Rates have increased have occurred due to many reasons:
1. The economy has made a great recovery
2. Stocks are cranking
3. Unemployment is showing healthy at 4%
4. Home prices are appreciating quickly
In summary, when the economy is doing well rates increase. The economy has been recovering and has been doing much better over the last few years so the recent rise in rates was due to come! If the trend continues we could see 30-year fixed rates closer to 5% before the end of 2018.

Federal Reserve Pushes Rates Up

Just in mid-March the Fed increased rates again which is the sixth increase in the past few years. Again, rates have been increasing since the economy is doing better. With the Fed trying to keep pace with inflation and rates already moving higher this year, it’s best to take the first step and get pre-qualified so you can lock-in a low rate now rather than waiting.

Talk to your favorite real estate agent today and start a plan for your home purchase or start your search below.

Sorry we are experiencing system issues. Please try again.

Information and analysis provided by Troy Brennan, Senior Mortgage Banker with Community Banks Mortgage

6434 Cavalry Pt Colorado Springs CO 80923 Coming Soon

February 19, 2018 by Toby Lorenc

6434 Cavalry Pt Colorado Springs CO 80923

6434 Cavalry Pt Colorado Springs CO 80923 Coming Soon
1625 square feet | 2 bedrooms | 3 bathrooms | 2 car garage with bonus space

Buyers in the Colorado Springs real estate market have been waiting for an opportunity like this new listing! It’s a corner unit townhome in the Dublin Townhomes complex along the popular Powers Corridor in Colorado Springs. This beautiful townhome is currently the only unit for sale in the entire complex and happens to be the largest floor plan available in this Pulte townhome build, which was started back in 2004. This complex is in high demand: currently our average days on market (DOM) is 39 days, but this townhome complex is selling in an average of 7 days on the market! Here’s why:

6434 Cavalry Point has brand new carpet on the main and all throughout the upstairs. It boasts of a wonderful and unique floor plan, which includes two master suites with attached full bathrooms. Not only are these full bathrooms convenient for the bedroom occupants, they are exclusively private (meaning you can’t access either bathroom from the hallway). In the formal master bedroom, a buyer will be wowed by the vaulted ceiling and bright ambiance thanks to the large windows. Step onto the plush new carpet to gain access to the ensuite master bathroom, complete with all your favorite features like double vanity, linen closet, and walk in clothes closet.

6434 Cavalry Pt Colorado Springs CO 80923 with Loft

Between the large bedrooms is a cathartic space perfect as a pajama room to relax in the morning, an office space to tackle your work projects, an art studio to make new amazing creations, a music studio to strum your favorite chords, or even a toy room to help keep the kids clutter away from the main floor. In fact, if you’re looking for a 3rd bedroom, this area could easily be walled-in, which was an option from the builder when these units were built. Although, it would be a tough decision in this bright and open space, complete with various windows that provide a bright and airy area perfect for your creativity!

6434 Cavalry Pt Colorado Springs CO 80923

On the main level of this ideal townhome, you will find more brand new carpet, fresh paint, and many more features. First of all, the entry includes hardwood floors after you’ve stepped through the covered porch and high-quality storm door. This living room / dining area combination makes dinner time easy, with a pass-through window into the kitchen, which also provides tons of natural light to keep this entire main level a place you’ll want to come home. In addition to the great relaxing space, the kitchen is well-appointed with all the appliances you will need in your new home: built in microwave oven, dishwasher, refrigerator, range oven, disposal and plenty of counter space to host smaller kitchen appliances.

Just a quick turn from the kitchen and you will have access to the 2+ car garage, laundry closet, huge coat closet, and powder room. Let’s break that down – there are some really important elements in this floor plan you do NOT want to miss! First of all, the large coat closet was thoughtfully designed with access to the crawl space (to access the furnace and additional storage area), plus wraps under the stairs for those Christmas decorations you only need once a year. Additionally, doing laundry is easy and convenient with the easily accessible laundry closet, which has closing doors to hide the mess. The seller has even agreed to leave the washer and dryer currently in the home, so you shouldn’t have any cost in purchasing new appliances for your new digs. Also, the power room at the end of the hall is discreet and convenient for guests on the main living level. But that garage: 2 car ports, plus an additional nook perfect for a workbench, extra storage shelves, or any other items that need extra room so you can fully use you garage space and pull in both cars (or motorcycles, since we have 300+ days of sunshine in Colorado).

But there’s more than just the interior to this amazing townhome – let’s talk about the features all around. The corner unit is the ideal location in the complex, with only one attached neighbor. Good thing the builder was thoughtful and understood that we don’t want to hear our neighbors! These units are quite and well-built for maximum privacy. Plus, once you step outside the garage, you’ll be facing one of the few green areas in the complex, perfect for walking the dog or a family picnic. It’s a great space to spread out and relax when you’re ready to get outside. But perhaps you want to go further? You won’t have to go far: there are gas stations, shopping, and award-winning restaurants within walking distance of your new home including Salsa Brava Mexican Grill, Over Easy Daytime Eatery (did someone say brunch?) and Fuzzy’s Tacos (um, yeah, margaritas and tacos like you’ve never had before). Plus, this complex is just far enough off the Powers corridor to provide plenty of convenience to additional restaurants, shopping, entertainment, health clubs (and much more), but still set back enough for privacy and a quiet setting away from the traffic. Not only are the entertainment options close, but also practical locations like schools, parks, hospitals and Falcon District 49 schools.

Don’t forget, the home is in an HOA community. This means you don’t have to worry about mowing lawns, paying for trash pick up, shoveling snow, repainting your home, replacing siding, building new fences, re-roofing your home, laying a new driveway, or any of the other exterior issues that costs homeowners tens-of-thousands of dollars every year. It’s all taken care of for you. In fact, a hail storm in 2015 decimated much of this area. Thankfully, the HOA coordinated getting all the buildings re-roofed and siding replaced throughout the complex in 2017! HOA fees are currently at $138 per month, with an annual fee of $157 a year (about $39 per month). This complex is unique as it’s part of two different HOA associations: Dublin Townhomes and Stetson Hills Master HOA. This ensures management and upkeep of the area, with added bonuses like trash pick up. So, even at just under $1800 per year of HOA fees, keep in mind a new roof, new fence, house painting, new driveway and many more homeowner costs would be more than double that amount for a single event. This is easy, maintenance free living for a fraction of the costs because you’re splitting expenses with your neighbors!

Overall, the seller has meticulously renovated and maintained this amazing home. We would love to show you this amazing listing so contact the listing agent for more information or to schedule a preview: Toby Lorenc (719) 332-4816

Is 2018 The Year To Cash In?

February 14, 2018 by Sylvia Jennings

Is it YOUR year?

If you live here and own a home, you’re $70,000 richer than you were 24 months ago. That’s how much home values have risen since January of 2016. Ka-ching! In statistics just released by the Pikes Peak Association of REALTORS (PPAR), the average single family home is selling for $333,000, compared to $263,000 in January 2016. In 5 years, local home prices have soared by $100,000. Record demand, low supply and a strong economy have pushed local home prices up much faster here than the Denver metro area, making Colorado Springs one of the 10 hottest housing markets in the country: 2018 Top 10 Housing Markets. We’re predicting another record year for home sales with Millennials leading the stampede. Young people are getting better jobs and jumping into the housing market. And the other trend to watch is move-up buyers. We’ll see thousands of local homeowners cash in this year to use their growing equity as a down payment on the next home of their dreams. With some spiffing up, your home could potentially sell for $20,000 or $30,000 more. In many cases, it’s worthwhile to make major improvements in order to get top dollar. If you want to avoid a costly mistake, consult with your real estate agent first. We can tell you how much a project is worth, help you decide what to do, and refer you to a trustworthy pro to do the job if it’s beyond your expertise.

6434 Cavalry Pt Colorado Springs CO 80923 Coming Soon in Dublin Townhomes

February 6, 2018 by Toby Lorenc

6434 Cavalry Pt Colorado Springs CO 80923

6434 Cavalry Pt Colorado Springs CO 80923 coming soon in Dublin Townhomes, listed by real estate agent Toby Lorenc. Toby’s very familiar with the Dublin Townhome HOA community as he is currently working for another seller to close on their home in early March 2018.

The new listing at 6434 Cavalry Point is the largest of the units in the Dublin Townhomes, originally built by Pulte Homes in 2004/2005. This corner unit is a unique floor plan with 1625 square feet of living space, plus a 549 square foot double car attached garage. The large garage area also includes a cubby, perfect for a workshop or built in shelving.

Inside this Colorado Springs townhome, you will find a practical layout with a large front room and dining area on the main floor, which flows nicely into the large kitchen, complete with all appliances. Sometimes in this real estate market, sellers are not including certain appliances, like the refrigerator or washer and dryer. However, in this case, the future buyer will not have to worry about going out and purchasing these items as they are included in the sale of the home. The kitchen area also includes access to the 2-car attached garage, half bathroom, as well as a deep storage and coat closet under the staircase. This closet is the homeowners access to the crawlspace, which is ideal for storage and has access to the forced air furnace.

Head upstairs and you will find an incredible open loft space, ready for a home office, craft room, music area, or anything else the buyer can imagine. Down the road, this space could also be converted to a third bedroom as the needs change for the family or individuals living in the townhouse. The open loft space includes access to both bedrooms and the entire upstairs has brand new carpet. In the master bedroom at one end of the hall, you will find high ceilings with a fan to keep you cool in the summer. The master bedroom also has an attached full bathroom with double vanities and all new carpet in the bedroom, including the large walk-in closet. On the other side of the hallway, the 2nd bedroom has plenty of space and plenty of storage, with a double closet and attached full bathroom, also accessible from the upstairs hallway.

Perhaps the best part is you don’t have to worry about the exterior maintenance of your townhome! The Dublin Townhomes HOA fee covers exterior maintenance, where expenses can add up quickly on big projects like roofs, siding and painting, paving streets and more. In fact, in 2015, there was a major hailstorm which damaged roofing and siding throughout the complex and in many parts of Colorado Springs. These have now been fully replaced and repaired thanks to the coordination of the HOA (homeowners association). The monthly HOA fee of $138 also covers the smaller things that take up time, like mowing the lawn, shoveling the snow off walkways and porches, and basic landscape maintenance to take care of trees, sidewalks, fencing, etc. Along with Dublin Townhomes HOA, there is a secondary HOA for this townhome community. It is part of the Stetson Hills Master HOA, which is currently $39.25 quarterly (or $157 per year). This includes a variety of things, including trash pick up for homeowners including in your HOA fee.

Not only does this pristine townhome have a great location in the complex, it has an extremely convenient location in the city. The townhome sits in the complex as an end unit in the building, and just steps from a large area of open space which is perfect for walking dogs, throwing the Frisbee or a summer picnic. Plus, you are located within walking distance of award winning restaurants, including Over Easy Eatery, Fuzzy’s Taco Shop and Salsa Brava Mexican Grill. The Powers Corridor is just a block from the townhome, which provides easy access to tons of shopping, popular restaurants, entertainment and connection to major transportation hubs.

Contact Toby Lorenc today for more information or search MLS listings.

Other Articles You Will Like:

What to Expect From Your HOA
Over Easy is one of our Top Brunch Spots in Colorado Springs
Dublin Townhomes in Colorado Springs

From Under Contract to Back on the Market – Is That Bad?

December 7, 2017 by Toby Lorenc

Is back on market a bad thing?

With such a busy, seller’s real estate market right now in Southern Colorado, why would any under contract home “fall out of contract” and go back on the market? You’ve seen real estate agents advertise houses as “Back on the Market” or perhaps you thought you missed out on buying a home, then it’s suddenly active again when you’re searching the MLS. Many buyers ask questions like:

Is this something you should be worried about?

Why didn’t it sell the first time?

Is there something wrong with the house?

Notice to Terminate Reason Table

As you can see from the Notice to Terminate contract, the buyer has lots of reasons why they can terminate a contract. The seller also has flexibility after receiving certain information, but the seller doesn’t have nearly as many chances to “cancel the contract.” So, typically when we see a house go back on the market, it’s generated from the buyer’s side of the transaction, although sometimes not by the buyer’s choice.

There are a lot of reasons why this could happen and they’re hardly ever the same. Although, we tend to see 3 major categories that a canceled contract often falls into, which typically leads to the home going back on the market:

Home Inspection or Appraisal Issues (House problems)

Inspection and appraisal can be stressful events for both buyers and seller. The inspector could find a major problem with the home or even a minor problem which parties can’t agree who will pay to fix. As part of the inspection process, even before the day of inspection, the buyer has the right to investigate and research the home. This could lead to discoveries that may change the buyer’s name including: special taxing districts or fees the buyer wasn’t expecting; inability to get or dissatisfaction with future homeowners insurance; the home is in a flight pattern; the buyer doesn’t like the neighborhood; the history of the home makes the buyer uncomfortable (deaths/suicides, drug problems, rumors from neighbors, etc). Plus, if the home doesn’t appraise for the contracted value and the parties can’t agree on a selling price, the deal may die with the finalized appraisal.
These are just examples, but overall, we typically see a buyer cancel a contract before one of these deadlines. There are also additional deadlines, where the buyers have the chance to look through HOA documents, title paperwork and other information. Although these dates may vary from the inspection deadline, many of them overlap and happen simultaneously. While they can put a home back on the market for various reasons, inspection and appraisal problems are the most common.

Buyer Financing and Loan Approval (Buyer Problems)

Although the buyer may be qualified to purchase the home when they go under contract, things can change. For instance: if they buyer loses a job or another stream of income; if the buyer suddenly makes a large purchase while under contract; if the purchase of the new home was contingent on the buyer selling his current house and the sale falls through or if the buyers suddenly receive or learn of a judgement against them.

Plus, anytime there’s a loan involved, the process can be complicated, especially depending on the type of financing. Even a conventional home loan can get flagged near the last few days in underwriting. That’s why it’s important to do your research on the lender – as a buyer, it will keep you from spending unnecessary money and headaches and as a seller, it will help decrease the likelihood of having to put your house back on the market.

Buyers simply change their minds (Buyer Decisions)

Just when you think you’ve seen everything, another creative reason comes along. From suspicions of a house being haunted, to the overwhelming problem of not being able to match the paint colors (yeah, that’s a real one), there are a million reasons a buyer may back out of a contract.
Other real-life reasons include (these were collected from agents around the country):

Buyer went to jail
God told them to not buy
The house had bad feng shui
Buyer passed away while under contract
Ex-wife lived across the street
Buyer saw a mouse in the house
Strange statues in the neighbors yard
Buyers (a couple) decided to get a divorce
There was a bad omen
Their lifecoach said it wasn’t in sync with their souls

You can always ask for previous inspection reports or reasons, but the main point here is that just because a house goes back on the market doesn’t mean there’s something wrong with the house itself. Sometimes the listing agent will disclose why they’re back to active status in the MLS, and sometimes they won’t get into too much detail. Unless there is a material defect that was uncovered, they are really not required to give you the details and a smart agent will determine what information to release and still best represent their client.

If you’re interested in a home that’s come back on the market, have your favorite real estate agent check-in with the listing agent to gather additional information that could give you the upper-hand when making your offer!

1924 Berkshire Ln Colorado Springs CO 80909 Under Contract

November 10, 2017 by Toby Lorenc

1924 Berkshire Ln Colorado Springs CO 80909 Under Contract

1924 Berkshire Ln Colorado Springs CO 80909

Our agents are hard at work and haven’t seen much of a slow down, which we typically would this time of year. But we are still seeing homes going under contract quickly, especially in the $450,000 or less price range.

Recently, after 11 days on the market, 1924 Berkshire Ln went under contract. We had competing offers and now have a signed contract over list price. This is the ideal situation for a seller, when buyer’s are literally fighting over the seller’s property.

Remember too, that although many homes are going under contract the same day, they are listed or within a few days, our average days on market in the Colorado Springs area is currently 29 days on market. Even 11 days is still less than the average and makes for a happy seller.

1924 Berkshire Ln Colorado Springs CO 80909 Under Contract

Now, the process begins of going through the contract deadlines and the buyer’s opportunity to do an inspection, appraisal and look through important documents and information which allows them to make sure this is the exact property they want. Everything from confirming they can get homeowners insurance for the home, to the process of inspecting the home for any major defects or safety issues.

1924 Berkshire Ln Colorado Springs CO 80909 Under Contract

Truth be told, the Colorado Real Estate contract is definitely written in favor of the buyer. It gives you the the ability to set up multiple deadlines and opportunities to gather information and due diligence to check just about any resources that may influence your decision to buy a home and get a loan that’s satisfactory. That’s a great thing for you as a buyer! Talk to your favorite real estate agent for more details about your rights and opportunities as a homebuyer.

We’ll keep you update on that status of this property, plus you can always use our website to search and find the perfect home for you.

As the leaves fall, Home Prices Keep Rising in Southern Colorado

November 6, 2017 by Toby Lorenc

Colorado Springs Market Stats for single family homes (Fall 2017)

This fall season may be a great time to sell your home at top dollar. Throughout southern Colorado, there’s a new surge of home buying activity as 2017 sets new records for home sales. The PeakDream agents are as busy now as we were in the summer. A large percentage of the activity is with buyers under the age of 35, who are moving here from all over the country with well-paying jobs.

The Pikes Peak Association of REALTORS reports the average home price is just shy of $320,000 – almost $25,000 higher than last year (see PPAR market trends). The median sale price increased just as much, from $255,625 to $280,538. Local single family home sales totaled 1,431 in October, a 13% increase over 2016, outpacing the number sold in June of 2015, which was also a record year.

There are 1,938 homes available for sale and over 1,700 pending sales. We have a 1.4 month supply, according to the PPAR, meaning that in many neighborhoods, most homes are selling in a few weeks. As we’ve indicated for the past few years, buyers need to be ready to move quickly on an attractive home when it hits the market, and be prepared to pay full list price, or more.

The condo and townhome market is off the charts, a trend we’ve been following all year, mostly due to the lack of starter homes at affordable prices.

And the market momentum is pushing further south into Pueblo and Fremont Counties, where home prices are comparatively lower but have also been rising fast. You can find Canon City homes and Pueblo homes for sale on our website search tool, where we feature listings throughout southern Colorado.

You might like these articles too:

http://www.peakdream.com/2017/10/changes-in-downtown-colorado-springs-bring-new-opportunities-and-energy/

Colorado Springs homes selling quickly

October 9, 2017 by Toby Lorenc

12254 Isle Royale Dr Peyton, CO 80831 under contract in 4 days!

5656 San Cristobal Dr Colorado Springs, CO 80923 under contract in 48 hours!

Colorado Springs home Under Contract in 24 hours!

Colorado Springs home sold in less than 24 hours on the market!

As we launch into Fall, the peakdream real estate agents are still staying plenty busy and Colorado Springs homes are selling quickly. The snow is falling quickly and the homes are moving even quicker. Although we sometimes see a slightly slower period during the holiday season (November and December typically) we’re still in a very active real estate market and there’s plenty of activity. With an average day on market at 26 days, we’re moving these homes much quicker than the average and making sellers happy. Check out what our agents are doing:

New Colorado Springs Listing – Under contract in less than 24 hours
1022 Moffat Circle, Colorado Springs, CO 80915
Listed and Under Contract in the same day!
Agent: Erika Waggaman

New Colorado Springs Listing – Under contract in less than 48 hours
5656 San Cristobal Dr Colorado Springs, CO 80923
Listed October 3rd
Agent: Toby Lorenc

New Peyton Listing – Under contract in less than 4 days
12254 Isle Royale Dr Peyton, CO 80831
Listed September 29th
Agent: Kym Palomba

New Colorado Springs Listing – Under contract in less than 7 days
8293 Telegraph Dr Colorado Springs, CO 80920
Listed September 22nd
Agent: Deb Faricy

New Colorado Springs Listing – Under contract in 24 hours
790 Pinnacle Ridge Ln Colorado Springs, CO 80919
Listed September 8th
Agent: Deb Faricy

New Fountain Listing
858 Daffodil St Fountain, CO 80817
Listed for sale October 2nd
Agent: Ron Sanchez

Coming Soon Colorado Springs Listing
1924 Berkshire Ln Colorado Springs, CO 80909
5 bed / 3 bath / 1 car garage | 2,538 sq ft | $225,000
Agent: Toby Lorenc

If you’re ready to sell, now’s the time! We help buyers and seller in ALL areas and ALL price ranges!

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Colorado Real Estate Market

7510 Dairy Ranch Road, Colorado Springs CO 80919: Open House Saturday, May 5th 12:00pm – 2:00pm

11 Heather Drive, Colorado Springs, CO 80906: Open House Saturday May 5th 1pm-4pm

How much are homes selling for in the Pikes Peak region?

Home Inventory and Sales Up in March versus February 2018

Interest Rates Are Up As Well

What’s The Future for This Market?

Based on information from the Pikes Peak REALTOR® Services Corp. (“RSC”), for the period January 2017 through March 2018. 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.

Climbing Interest Rates Still Beat Historical Highs

So what’s ahead for rates in 2018?

Federal Reserve Pushes Rates Up

Information and analysis provided by Troy Brennan, Senior Mortgage Banker with Community Banks Mortgage

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7510 Dairy Ranch Road, Colorado Springs CO 80919:
Open House Saturday, May 5th 12:00pm – 2:00pm