COLORADO SPRINGS, Colo. - A new ranking by Trulia says that Colorado Springs could be the #1 housing market in 2019. A yearly report done by the online real estate service ranks
Colorado Springs Housing Market Ranking
COLORADO SPRINGS, Colo. - A new ranking by Trulia says that Colorado Springs could be the #1 housing market in 2019.
A yearly report done by the online real estate service ranks Colorado Springs as the potential top growing market in 2019. That ranking indicates sales and prices could continue to rise.
Some residents will think “It’s exciting. It means the community is growing and it will only increase our own property values.”
Others will disagree, saying, “That's not good because our city can't support the growth with population and employment.”
The ranking of this chart was based on five different areas. Those areas were, job growth over the past year, vacancy rates, good starter home affordability, more inbound than outbound home searches on Trulia and a large share of the adult population under the age of 35.
One homeowner, who bought her home out of foreclosure back in 2010 for $280,000, said today she has her home listed at $566,000. That is an equity increase of over 50% in less than 8 years. Unheard of in the real estate market.
As of right now, the average home price in Colorado Springs is more than $280,000, and homes here have seen nearly a 10 percent increase in value since last year.
How can you be proactive instead of reactive to this prediction? Are you in the house you see yourself in for the next couple of years? Have you outgrown your current home? Are you renting and paying somebody else's mortgage? Are you now empty-nesters that need to downsize? Are you in a position to purchase an investment property that you cold rent out?
What is your current situation? How can you make it better?
I'm here to help you.
I arrived in Colorado Springs for a quick vacation in 1993 and within a few days I knew that this is where I belong! I transferred from the college I had just started attending in Orange County, CA an....
Latest Blog Posts
Margarita at Pine Creek is a hidden gem in North West Colorado Springs. Established on family property in 1974, Margarita at Pine Creek is truly a fine dining experience offering 3, 4, or 5 course
For over a decade I worked for builders in their model homes. In fact, when you walked in I was the one who jumped up to greet you at the door, show you the home, and hopefully (at least in my head)