The local housing market is not letting off any steam, with September home sales surging 9.3% over last year. But the overheated condo market is even hotter. With the strong demand for starter homes, condo sales jumped by 20% year over year in September, and the supply has shrunk by nearly 50%, according to sales reports just released by the Pikes Peak Association of REALTORS. The average price for a townhome or condo is close to $200,000, a 9.6% increase so far in 2017. Single family home prices are up 6.3% year over year.
Colorado Springs Condos
This incredible condo at 4392 Hawks Lookout Ln in Southeast Colorado Springs is now available! Investors will flock to the opportunity for an immediate tenancy (tenant will continue to lease if desired by future owner) and cash-flow investment, and anxious future homeowners now have an option to purchase a 1560 square-foot property in Colorado Springs for less than $100,000! Even with a monthly mortgage payment, condo insurance, and property taxes all combined, owning this 2 bedroom 2 bathroom condominium is cheaper than renting!
Not only does this property have amenities inside like air conditioning, the original wood burning fireplace, and an alarm system, it’s also conveniently located near schools, parks, shopping, restaurants, Colorado Springs Airport, and military bases.
Plus, you’ll be instantly set up for living with the kitchen appliances all included (dishwasher, refrigerator, and self-cleaning range oven) and a washer and dryer included with hookups in the basement utility room.
With a HOA taking care of exterior maintenance, you’ll have plenty of time to relax on your private patio or enjoy a picnic on the beautiful lush grass, while surrounded by mature trees throughout the complex.
Contact Toby Lorenc today to request a private showing of the fantastic property in Hunting Meadows.