February 2021 Colorado Springs real estate statistics: Home prices continue climbing, with double-digit gains over last year. This is mainly due to high demand and low supply from the pandemic. The median home price surpassed $400,000, something we’ve never seen before. This price is up 18.2% from February of last year. The average price went up 17.6% to $454,900. Home inventory is staying very low, with 471 homes for sale in the entire Pikes Peak Region.
Colorado Springs Blog
with special guest author Doug Harling, Fountain’s Bird Whisperer
Backyard birding is one of the world’s favorite hobbies, second only to backyard gardening. The two go hand-in-hand, and can be practiced by nearly everyone. From suburban gardens to apartment balconies, birds can be enjoyed year round with a little preparation and consistency.
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*without a lot of work
Real estate investments are about one thing. Profit. And to get strong returns on that investment, you need strong management. Keeping your properties rented and maintained can be complicated. You also want your property to be priced right, and to have a lease that will protect you. Hiring a good property management company can be the best thing you can do to increase your rental income. Here are 5 ways to maximize your investment property profits. Continue reading →
January 2021 Colorado Springs real estate statistics: Colorado Springs has a record strong seller’s market, and record low inventory. Only 460 homes were for sale last month for the whole PPAR area. Comparatively, there were 1,192 homes for sale in January last year. The COVID-19 pandemic has put a huge strain on our inventory. Homes are selling fast, needing little marketing.
December 2020 real estate statistics: Inventory broke records yet again, falling to a record low of 532 homes for sale in the entire Pikes Peak Region. This is less than a 1/2-month-supply of homes, just 12 days. Showing that homes are even more scarce is the statistic that less than 250 of the inventory are in the Colorado Springs city limits.
November 2020 real estate statistics: The lack of inventory in the Colorado Springs housing market broke records this month and fell to only 680 homes for sale in the entire Pikes Peak Region. This equates to 14 days inventory.
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If you have investment properties and have rented them out, you know the problems that come from not being able to collect rent on time. You not only have to cover the mortgage payment yourself, you have to spend time to go about collecting the rent. This can be costly and irritating. Here’s how to collect your rent on time. Continue reading →
October 2020 real estate statistics: The Colorado Springs real estate market is low on inventory. As of November 1st, there are only 925 homes for sale. There were 55% fewer homes available for sale in October 2020 than in 2019.
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This year, we’re staying at home for Halloween. Let’s make the best of it! Here are some fun family activities to make this Halloween a holiday you’ll always remember.
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September 2020 Colorado Springs real estate statistics: Big home sales—up 29.4%—with 1,804 homes sold.
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