Colorado Springs Real Estate

We're well into the beautiful summer months, and definitely seeing a rise in buyer interest in the real estate market. With a new month means new local real estate market conditions in El Paso County, Colorado. Check out the market insights of what May looked like and how it may affect you if you are planning on selling or  buying a Colorado Springs home . Average Days On Market As of May, we saw an even lower average of inventory sitting only 25 days on the market, compared to the historically recorded 67 days. The continuing lack of inventory is still leaving buyers with little options, meaning they're jumping at the limited opportunities more quickly. This is leaving the market looking slimmer than last year. Historically, we've seen an average of 8.2 months of inventory, and in May, that number is drastically lower, at only 1.1 months. Listing vs. Sales Prices Sales prices as of May remain relatively steady at 99.8%. The historical average is 98.3% for the El P...

In a world full of amazing technology, we're accustomed to being able to jump online and find out pretty much anything we need to know at any given time. But when it comes to selling your Colorado Springs home , there really is something to be said for the old fashioned way of doing things. Having an experienced broker on your side can help in more ways than you might think. Many people go to the internet first when they're considering listing their home for sale. They want to see how much their home is worth and whether it's a good time to list. So, they check out their home's value using tools such as the Zillow Zestimate calculator. But, what is a Zestimate and how accurate is it? What is a Zestimate? The Zestimate® home valuation is Zillow's estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home's value. The Zestimate is calculated from public and user-submitted data, taking ...

We've all heard about the importance of staging your home and aggressively marketing it to get it in front of as many people looking to buy a home in Colorado Springs as possible. We all know that keeping our home clean and boosting our curb appeal is essential if we want to get a good price on our property. But what about pricing your home in the first place? The Importance Of Pricing Your Home Right From The Start Some sellers want to aim high on their initial asking price, just to see if they can find a buyer who will agree to the inflated cost. However, more and more sellers are discovering that this strategy has several inherent flaws. Here are a few reasons why pricing your home high in the beginning may hurt you in the long run. You may scare off potential buyers who think your home is out of their price range. When you subsequently lower your asking price, buyers may assume that you are desperate to sell (and offer you an even lower price). Since most buyers ...