How’s the Colorado Springs area Real Estate Market?

How’s the Colorado Springs area Real Estate Market?

A question we frequently get asked “How’s the market?”… The answer lately is “We’re busy!” Taking a more informative look at an answer to that question for you this week on our blog…

Looking at the 1st quarter of 2013 for Pikes Peak MLS as a whole, which includes Colorado Springs and areas around it like Monument, Palmer Lake, Fountain, Security, Peyton, Calhan, Woodland Park, Cripple Creek, Florissant, Green Mountain Falls, etc… (forgive us if we haven’t mentioned your city, but, you get the idea!)…

During the first quarter of 2013, there were 2412 homes sold- an increase of 23.6% over last year.

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Along with the increase number of homes sold, the median price of homes sold in the first quarter of 2013 also showed an increase of 13.4% over the first quarter of 2012.

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In addition to this extra bit of good LOCAL housing news, interest rates continue to be at historic lows!

Here is a chart of 30-year fixed interest rates over the last 5 years…

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Watch for more information on areas of town coming soon!

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