Colorado Springs Real Estate Agents

Last time I checked there were over 4,000 real estate agents in Colorado Springs, Monument and the surrounding areas covered by the Pikes Peak Association of Realtors. That is a large number compared to the population in these areas. There are a number of real estate agents that have their license but are not practicing currently. Part time real estate agents can be found as well. With all of this in mind, there are many real estate agents out there to choose from.

Who are you going to choose to assist you with what is probably your greatest investment?

Knowledge, professionalism and experience are the important factors to consider when selecting a Real Estate Agent. You should also look for someone who listens carefully to what you want in a new home and who knows the market well enough to find the right house for you within a reasonable period of time. Be comfortable with the person you choose. If you feel like the real estate agent is sensitive to your needs and desires, you will feel confident working with that person.

Colorado Springs Real Estate Market Report for September, 2006

What does the housing inventory look like?

As of September, 2006 there are a total of 5,929 Single Family Homes / Patio Homes on the market, which is a 33.7 % increase in inventory from the same time last year. There is a 30.5 % increase in available Condos / Townhomes with an inventory of 919.

What do home sales look like?

888 Family Homes / Patio Homes have been sold in the month of September, which is 27.9 % less from the same time last year (1,232). Condos / Townhomes happen to have an equal number of sales from the same time last year coming in at 156 units sold for both years (0% change).

What does all this mean?

It could mean a number of things of course, but here are some ideas to think about. This is not just some odd phenomena happening only in Colorado Springs. Inventory has flooded the market, while the number of homes being sold has decreased.

After going to national real estate conferences and talking to many other real estate agents lately, I have found that this change in the market is occurring nationally. I have also come across this issue with clients relocating here who are waiting to sell their homes to make the move. All these homes on the market nationally represent a potential buyer in my mind. There are close to 30% more homes on the market and 30% less sales/buyers, making this simple comparison hard to ignore. If a home is sold a home will be bought evening out these drastic numbers. Of course there are foreclosures and other problems adding to these numbers.

Buyers

If you are in a position where you do not have to sell and can buy whenever, this buyer’s market is the place for you. You have tons of homes to choose from and have nothing holding you back to make the move.

Sellers

If you are in a position where you need to sell first, you are not the only one out there. Don’t let the current market scare you, because selling your home at a fair price will let you buy a home at a fair price in this current market. If you are buying a more expensive home, this can actually work best within this buyer’s market. Make sure you have a great real estate agent and a targeted marketing plan. What makes your home unique over your competition? Make sure your home is priced competitively to your direct competition. Your real estate agent will let you know what that is to market accordingly.

Statistics provided reflect the whole Pikes Peak Region covered by the Pikes Peak Association of Realtors

Colorado Springs Market Trends

Last summer your neighbors put their house on the market and had so many buyers that they were on the winning side of a bidding war. Now you are trying to sell your home, and there's just no action.

The real estate marketplace is very unpredictable. Many factors come into play, the most important being interest rates and prevailing sales prices. In a strong seller's market, prices tend to escalate until they reach a certain point where buyers begin to just say no and listing inventories increase. When this happens, sellers who price their homes at the higher level of previous sales prices must re-think their pricing strategies. If they don't, their homes may not sell. Whether you are buying or selling a home, it is important to remember that the shift from a seller's to a buyer's market can occur very quickly. You can count on your agent for sound advice on what phase the market is in right now.

Springs Ranch Neighborhood Information

Springs Ranch is a newer master-planned community located in the northeast part of Colorado Springs. Springs Ranch is well known for its convenient location to almost anything you could need. Springs Ranch surrounds a wonderful 18-hole championship golf course known as the Springs Ranch Golf Club. Springs Ranch has been building up quickly with new homes and shopping centers. A variety of restaurants, shops, movie theatres and much more are conveniently accessible from the Springs Ranch area. Sky Sox Baseball can be enjoyed from the neighboring stadium. Two trail systems can be found weaving through the Springs Ranch area where multiple parks can be enjoyed as well. The Colorado Springs Airport is also a short distance from the Springs Ranch community.

Children living in the Springs Ranch area will attend Falcon School District 49. Springs Ranch is yet another great community located in Colorado Springs. Does Springs Ranch match what you are looking for in a neighborhood in the Colorado Springs area?

High Forest Ranch Neighborhood Information

High Forest Ranch is a wonderful gated community inspired by national park design. Large lots ranging from 2.5 to 5 acres can be found in High Forest Ranch, with some lots over 30 acres which are zoned for horses. Beautiful custom homes can be found in the area that mirror the picturesque surroundings of High Forest Ranch. Wooded or meadow lots can be found in High Forest Ranch. High Forest Ranch is located in Black Forest and allows for an open feel while it is only 15 minutes away from the city.

High Forest Ranch has a wide range of amenities to offer. More than 8 miles of trails, a private fishing pond, a private community lodge, tennis courts, 34 acres of greenbelt open space, and private roads with snow removal are some of the great things to enjoy while living in High Forest Ranch.

Children living in the High Forest Ranch community will attend Lewis-Palmer School District 38. High Forest Ranch is yet another great community located in Black Forest. Does High Forest Ranch match what you are looking for in a neighborhood in the Colorado Springs, Black Forest and Monument areas?