80831 is leading the list of top 10 zip codes by volume of sales month to date in the area, selling for 3.75% more than list on average. 80918 is leading the pack in terms of closed to list price ratio, selling for 5.53% over list on average.
These stats are part of a custom built platform I have built to deliver relevant hyper local stats to my clients. Please let me know if I can help you!
Rob Thompson, Realtor®, The Agency — 7194406626
I don’t disagree with this assessment, including the piece about the tight rental market. There is an interesting data point to keep an eye on as well, with this discussion: we are a town with a lot of VA loans. The military BAH has a lot to do with pricing here. If BAH doesn’t increase, what will that do to our prices?
Looking to buy or sell in Colorado Springs? I’d be honored to help!
I don’t quite know how but I do know that I am driven to find a way to change the face of affordable housing here in the Springs. There is a disparity in the most oft requested price points vs. what’s on the market. This disparity isn’t one that’s easily bridged for a renter, or someone who isn’t in a position or doesn’t want to buy.
Wired has 7 options here…I really like the idea of the modular homes and think something like this could be done here.
…if you’re reading this from my Facebook group (Colorado Springs Rentals) you likely know the crunch highlighted in this article is here.
We are committed to providing you the most up to date data and options we can. There just isn’t a lot out there, especially on the rental side!
Perhaps the most startling fact in this article is the statement that by 2019, there will be a huge gap in affordability.
What to do? Plan for an increased crunch and rising prices. If interest rates rise, this may moderate that growth…but it’s difficult to say for sure.
On a national level, home prices are on the rise. Colorado Springs is a healthy market right now, too, with generally more demand than inventory (especially for the below $225K range). However, this is NOT a market you can flip a home in under 2 years in and expect to profit (generally).
If you’re looking to buy or sell a home in Colorado Springs, I’d be honored for the chance to earn your business! Call Rob at 719-440-6626 or email me at rob@rtrcolorado.com.
…this is a great place to live, as evidenced by the sixteen month rise in home prices and sales we’ve seen in our city.
This is good news for sellers. Additionally, combined with still near historically low mortgage rates, buyers who are looking to move into the city can still get good deals!
Looking to buy or sell in Colorado Springs, please give Rob a call at 719-440-6626!
Zillow offer’s a proprietary estimate of a home’s value called a “Zestimate”. How accurate is this figure? While it is sometimes close, it can and does sometimes significantly differ.
I highly recommend you have an agent or an appraiser do a CMA or appraisal on your home to give you the most accurate fair market value available. The Zestimate is a data point; don’t rely on it alone to make decisions.