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Colorado Springs, CO Real Estate News

By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
Welcome to this meticulously updated 4-bedroom, 4-bathroom home that combines modern amenities with exceptional comfort. This home offers a versatile floor plan that includes a main level office, which can easily be converted into a 5th bedroom, providing ample space for family, guests, or a dedicated home office. New, energy-efficient windows bathe each room in natural light, and luxurious vaulted ceilings on the main level enhance the fresh, modern aesthetic. The kitchen is equipped with steel appliances, including a double oven and a top-of-the-line refrigerator, perfect for culinary enthusiasts. The laundry room, conveniently situated off the three-car garage, includes a handy utility sink. The finished basement is a highlight, offering a rec room w/full wet bar. It's a perfect spac...
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By Ken and Sandy Wickham
(RE/MAX Real Estate Group)
  In November, 667 single family homes sold through the Pikes Peak Multiple Listing Service.  It's been our slowest month for 2007 home sales, but just shy of the 669 homes sold in February and 673 in January.  Both the average ($252,074) and the median ($207,500) single family home price is up from October.  9,351 single family homes sold through November 30th of this year.  November saw 5,967 total active listings; since July, the number of active listings has dropped each month.  85 Condos/Townhomes and 52 pieces of land also sold during November.  Based on information from the Pikes Peak REALTOR Services Corp.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.   Ken and Sandy Wickham ...
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Powers, Colorado Springs Market ReportThe Powers area in Colorado Springs covers almost 22 square miles and includes Peterson Air Force Base and the Colorado Springs Airport. The northern and southern boundries are Woodman and Drennan respectively. The east and west boundries are Marksheffel and Powers Blvd. The neighborhoods in the Powers area include Stetson Hills, Ridgeview at Steston Hills, Springs Ranch, Cimarron Hills, Constitution Hills, Rustic Hills, Eastborough, and Northcrest. School districts are serviced by Colorado School District 11 and Falcon School District 49.  New Homes on the Market: 59 (Average List Price:$217,385)Under Contract: 29 (Average List Price:$232,267)Sold: 18 (Average Sold Price:$179,912)Average Days on Market for sold properties:87Sold Price vs. List Pric...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
The Park. The Greenhaven Park has been such a lifesaver for us, as we have 2 children who LOVE it there! And? That is a whole lot of grassy areas that I don't have to mow! And the pavilion has been home to MANY parties and BBQ's - such great memories!The View. I love driving into the neighborhood (from Roxford) and seeing that beautiful mountain in the distance.My Neighbors. I have never lived in a neighborhood where so many people were so friendly and willing to chat or help dig out snow bound neighbors!My House. John Laing's "base" options were so much better than the other builders that we visited. Even though we did go a little overboard on upgrades, we could have walked in without any upgrades and had an excellent home. (And I love my outdoor fireplace!)The Holiday Spirit. Whether ...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
If you live in Colorado Springs, you know that Woodmen Rd. is the only "real" East/West thoroughfare, and Powers Blvd. is one of the only "real" North/South thoroughfares (2nd only to I-25). You will also know that the intersection of Woodmen Road and Powers Boulevard has been a construction nightmare for months ... I remember being stuck in traffic at that one particular intersection for over a 1/2 hour, on more than one occasion! UGH!Well, as of the wee hours of the morning of Dec. 4, 2007, Southbound Powers travelers now have the luxury of avoiding the intersection at Woodmen all together, as the first part of the new bridge has opened to traffic!You better believe that we are excited!On my way from my home this morning, I headed Northbound on Powers, where I saw some of the very fir...
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By Sabine Pyrchalla
Not sure what I'm talking about? Better ask your kids! Most will be able to tell you - to the minute - how much longer it'll be till Christmas! (Yes - today IS the 4th....and if you celebrate Christmas - that leaves you 20 days to do whatever it is you have left to do....be it shop, decorate, plan, mail cards etc.) If you have kids - you know that December 24th is the LONGEST day for them...it stretches, like elastic. Each minute lasts several hours and it's still broad daylight! If you are looking for something to keep your kids occupied and to stop them from asking for the 2789th time if Santa is on his way....check out NORAD's Santa Tracker.Norad uses a radar system called the North Warning System, to track Santa's route on Christmas Eve. In addition, they use a "Santa Cam" to follow...
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By Thomas Jago
(Prudential Professional)
Briargate Real-Estate Market Report: October 2007 (edit/delete) This Real Estate Market Report is for the Briargate area in Colorado Springs Colorado for the month of October 2007. 15 homes sold up from 11 in October. 38 homes were put on the market and 16 are currently under contract. The average listing price for a home in Briargate is 327,746 and the average selling price is 304,933, this means sellers in this area get on average 98.01% of their asking price. The average time a home stays on the market in Briargate is 112 days.  Helpful Links:More info on Briargate Real EstateLook at Octobers reportSearch for a Home in BriargatePosted by Briargate Real Estate.  Please Visit HomesOnlineCoSprings.com
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
The Colorado Springs Housing Market is stronger than many other housing markets in the nation. We have seen an increase in days on market, but homes are still selling around the 3 month mark, and even selling for very close to asking price. Here is a snapshot of the November Housing Market:(Read the Full Market Report Here: Colorado Springs Real Estate: Market Report - November 2007 )Average Days on Market (DOM): 90This is UP from 85 day from October. Median Days on Market: 91 DaysComment: One neighborhood jumped from the highest DOM to the lowest DOM in just one month; Proof that the local Real Estate market conditions are always changing. Even the areas with the highest DOM are under the six month mark, which is great news if you are looking to sell your home. Average Sale Price (SP):...
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By Ken and Sandy Wickham
(RE/MAX Real Estate Group)
Let the holiday festivites begin!  Downtown Colorado Springs will host two wonderful family events this Saturday, December 1. Our Parade of Lights is an always anticipated annual tradition.  What's not to love about floats, bands, and a visit from Santa?   About 80 organizations will participate.  Turnout can be huge, so it's best to arrive early and wear comfortable shoes - you may have to stroll quite a bit after parking.   The Festival of Lights Annual Parade starts at 5:50 pm.   Official website:  http://www.coloradospringsfestivaloflights.org/Pioneer's Musem, at 215. S. Tejon St, is one of our local historical gems. The museum will host the Children's Holiday Magic Celebration, from 10:00 am to 3:00 pm.  Enjoy the Colorado Springs Show Chior, marionette demonstrations, holiday orna...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
The Colorado Springs Real Estate market offers many opportunities for selling a home, regardless of the current market conditions. One of these opportunities lies in the time of year that you choose to sell. I did some research on different Colorado Springs neighborhoods and found that there are definitely better times to SELL your home than others. I chose to use the Powers area of Colorado Springs to illustrate my point. The Powers area is very consistent with most other Colorado Springs neighborhoods and is a huge part of the Colorado Springs Real Estate market. The Powers area is home to the D-49 neighborhoods of: Claremont Ranch, Greenhaven, Stetson Hills, Springs Ranch, Cimarron Hills and Cimarron Eastridge and is defined by the areas of Woodmen(N), Powers (S), Marksheffel (E) and...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
The Colorado Springs Real Estate market offers many opportunities for buying a home, regardless of the current market conditions. One of these opportunities lies in the time of year that you choose to buy a home. I did some research on different Colorado Springs neighborhoods and found that there are definitely better times to BUY a home than others. I chose to use the Powers area of Colorado Springs to illustrate my point. The Powers area is very consistent with most other neighborhoods and is a huge part of this  Real Estate market. The Powers area is home to the D-49 neighborhoods of: Claremont Ranch, Greenhaven, Stetson Hills, Springs Ranch, Cimarron Hills and Cimarron Eastridge and is defined by the areas of Woodmen(N), Powers (S), Marksheffel (E) and Platte/Hwy24 (S).BUYERS:The be...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
The new home construction in Colorado Springs has dropped quite a bit in the past year, but according to the past 5 decades this is perfectly normal. According to David Bamberger (local consultant and economic researcher for David Bamberger & Associates and columnist for the Gazette):"New home construction in the first 10 months of 2007 fell to 2,744 units from 4,045 in the same period in 2006, a decline of 33.2%. That is on the heels of a 34.6% decline in 2006."Regardless of the immediate shift, what we are seeing in regards to new home construction in Colorado Springs is just part of a cycle. Take a look at this graph:Let's look at some interesting points regarding this cyclical shift:The Colorado Springs new home market actually stayed quite high for longer than it has historically, ...
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By Janelle Walston
(Walston Group Real Estate )
There has been a fierce debate raging in downtown Colorado Springs over the conversion of our main downtown thoroughfare from a one way street into a two way street. For a number of years now, a small (5 block) portion of Tejon Street has been one-way. It was converted 35 years ago in an effort to allow vehicles to exit the downtown core as quickly as possible. Our vision of downtown has changed in the past decade, and now, our focus is to create a thriving downtown with people living, walking, and shopping downtown . A study was commissioned to outline the various risks and benefits of making Tejon a two-way street again.  Opponents cite various reasons for not converting Tejon, but the study has shown that the evidence points to favorable results of a two way street.  Here are some of...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
As if the construction of the new Vista Ridge High School to the North of us isn't entertaining enough ... Just west of our Greenhaven neighborhood, there is some more earth-moving activity ...We DO know that it is a new residential neighborhood of single family homes. We also know that there is at least a 15 foot shared greenspace between this new neighborhood and the existing homes in Greenhaven. We also have spoken with one of the people involved in this project, and will post details as we get them.(Off Topic: Here is a picture I took driving up Dublin Hill the other afternoon ...) Posted By: Mariana Wagner - Greenhaven Real Estate Specialist - Wagner iTeam at Keller Williams RealtyRead More about Living in Greenhaven at LivinginGreenhaven.com
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
According to a recent report, Colorado Springs ranks as one of Drunkest cities in the nation. "Colorado Springs is the third "drunkest city" in the country, according to Men's Health Magazine. The December issue ranks Denver the "most dangerously drunk"... followed by Anchorage, Colorado Springs, Omaha and Fargo."This report went on to say:"To compile the list, we looked at annual death rates due to alcoholic liver disease, as well as who's headed there by regularly downing five or more drinks in a sitting (CDC). Next, we factored in drunk-driving arrests (FBI) and the percentage of fatal accidents involving intoxicated motorists (U.S. Department of Transportation). Then, after tallying the MADD report card of state efforts to cut down on excessive drinking, we had our ranking and, for ...
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By Brooke Shepherd, Speak With Honesty~Act with Integrity
(Keller Williams Clients' Choice)
This amount represents the difference in monthly house payments with loans at 6.4% vs 6.6%. To some this amount is trivial - a few latte's at Starbucks. To others, especially those going through rough times, it can mean a phone bill gets paid, groceries, a drug refill or a winter coat for a child.Recently we had an offer on one of my listings. The couple was trying to decide if they were willing to have their house payment be $130 more a month than what they budgeted. Yes, that is a big difference from $32 a month, but what I told the other agent is that I never want to be an agent who puts somebody in a house that makes them house-poor. Some people may say "That is not your problem." As a professional, YES it is my problem and I won't put anyone in such a fix. To see two of my relative...
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By Brooke Shepherd, Speak With Honesty~Act with Integrity
(Keller Williams Clients' Choice)
Festival of Lights Parade Colorado Springs 2007December 1, 2007The Festival of Lights Parade will start at 5:50 p.m., in downtown Colorado Springs, at the corner of Tejon and St Vrain Street and will go south on Tejon to Vermijo Avenue, turn west to Cascade Avenue and go north to Kiowa Street.http://www.coloradospringsfestivaloflights.org/This is a great family tradition that we have w/ my in-laws.  We go and freeze at the Parade and then head to Giuseppe's Depot Restaurant for Dinner.  If we are lucky a train goes by for the kids.  It is just a fun experience for the kids and they look forward to it every year! Brooke
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
  Claremont Ranch Area Information: Claremont Ranch is a newer Colorado Springs neighborhood in the eastern part of town that offers newer single family homes and town homes. Spanning views of the Rocky Mountains and Pikes Peak, coupled with it's convenient location has made Claremont Ranch a hot destination for Colorado Springs home buyers. Claremont Ranch Boundaries: South and East: Highway 24 West: Marksheffel Road (There is a planned business park in the NW section of Claremont Ranch.) North: Constitution Avenue Claremont Ranch is a planned community and a very popular Colorado Springs neighborhood as it offers a great neighborhood setting and close proximity to military bases, shopping, schools, golfing and much more! This neighborhood is: Less than 5 minutes from both Peterson an...
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By Eddie Hurt
(ERA Shields Real Estate)
 INTRODUCTION:Welcome to the ERA Shields Stat Pack. The Purpose of the Stat Pack is to provide comprehensive information about the Pikes Peak Regional Real Estate Market. It is designed to be a document that benefits Residential Real Estate Owners, Sellers, Buyers, Investors and Builders.  The Goal of the Stat Pack is to provide factual data and locate opportunities in a fluid real estate market. Real Estate sales and acquisitions are investments and all investments involve risk to a certain degree. We hope this document helps make your process beneficial and informed.THE RULES:There are many rules in a fluid real estate market, but here are a few that we believe hold true IN ANY MARKET (one favoring buyers; one favoring sellers; it does not matter):••LOCATION, LOCATION, LOCATION••MONEY...
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By Brooke Shepherd, Speak With Honesty~Act with Integrity
(Keller Williams Clients' Choice)
Many of us have been wondering when exactly ALL of these troops are suppose to be coming.  Well we have some numbers to go off of now.  2008 - 100 troops + family members2009 - 5200 troops + family members2010 - 700 troops + family members2011 - 700 troops. + family membersThis could REALLY help our economy.  So, yes... I do feel there is a light at the end of the tunnel.  Our office has experienced more closings this year than this time last year.  Things are looking up and that is great!  In the next year, it might be a good time to get an investment property.  With 5000+ troops coming in 2009, many of them will be looking for rentals...  With it being a buyer's market right now, what a great time to buy a home to rent!  Maybe something to consider in your goals for 2008.  If you have...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
At Gazette.com, there is a neat neighborhood snapshot tool that will give you data on 78 different Colorado Springs neighborhoods.The data was taken from the El Paso County Assessors office and includes snapshots of:Neighborhood information Average sales and appreciation from 1996-2006 Average house statistics Neighborhood photographs Check it out here: CS Neighborhood Snaphots(And, be sure to check out the Wagner iTeam's detailed Colorado Springs Neighborhood Reports.)Posted By: Mariana Wagner - Colorado Springs Real Estate Agent*This information can also be found at Colorado Springs Real Estate Connection.*
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