Colorado Springs, CO Real Estate News

By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
We are a military town. The military is a large part of the foundation of our local economy. Colorado Springs is home to the Air Force Academy, Peterson Air Force Base, Schriever Air Force Base, Fort Carson Army Base and Cheyenne Mountain Air Force Station (home to North American Aerospace Defense Command (NORAD), United States Northern Command (USNORTHCOM), United States Strategic Command (USSTRATCOM), and Air Force Space Command (AFSPC).). Recently, we have seen a growth in the amount of Veterans who are choosing Colorado Springs as the place that they retire and permanently call "home." This growth has sparked a request for a National Cemetery in the Colorado Springs area, to meet the needs of Veterans in El Paso, Fremont, Teller and Pueblo counties.Now, federal regulations prohibit ...
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By Patricia Beck, Colorado Springs Realty
(RE/MAX Properties, Inc., ABR, GRI, SRES)
Selling your home is one of the biggest financial decisions you will make in your lifetime.  When considering the price to list your home, many factors are taken into consideration such as:  the condition of the home, the results of a Comparative Market Analysis (CMA) of recent sales for similar homes in your neighborhood, and market conditions.  In order to save on paying a Realtor a commission, many homeowners consider For Sale by Owner.  I recently had someone ask me advice on the pros and cons of selling their home independently of using a Realtor.  I thought others might find this information beneficial and have included some of the many pros and cons to consider below.  Regardless what decision you make, it is important to do your research when it comes to the sale of such an expe...
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With summer comes vacation time....eagerly awaited by most students. But face it, after a while, it can become somewhat of a struggle to figure out just what to do....Well...struggle no more. This summer, Colorado Springs is hosting the State Games of America! And YOU are invited. To participate, to watch, to volunteer. Anything that strikes your fancy. The games are hosted by the Colorado Springs Sports Corporation and will be held from August 02 to August 05 of 2007 at different venues throughout the Springs. (Including the Air Force Academy, Ft. Carson, North Monument Valley Park etc.) Approximately 29 different sports types (hockey, soccer, cycling, 5K run, archery, tennis, swimming, badminton and many more)  are being offered - for athletes of all ages and abilities, and registrati...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
Colorado Springs is one of the "highest" cities in the United States - perched at an altitude of 6,035 above sea level -755 feet above Colorado's "Mile High" city of Denver (5,280 feet). In fact, when in Denver, travel to our city is referred to as "heading UP to the ‘Springs" even though we are south of them. "At high altitudes, less oxygen is brought into the body with each breath, reducing the flow of oxygen into the brain." - International Society for Mountain Medicine (So much for calling me an "air head"...) Did you know .. Colorado Springs is home to the Olympic Training Center. The "high altitude training" for our athletes is very beneficial. See, if an athlete can beat a record at THIS altitude, they will be phenomenal at lower elevations. In fact, where I may get a bit winded ...
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By Dena Stevens Coriz, Putting The Real Into Realtor Since 2004
(Rocky Mountain Realty )
Over Presidents weekend I worked the Home and Garden Show at the Penrose Event Center in Colorado Springs. Time and time again I've learned that you can't just sit at these things and expect people to come find you. You have to get out from behind your little table and meet people. For three days I sat across from Styria Bakery out of Frederick (303) 587-9658 getbread@comcast.net the best bread ever. Now I know that I like sour dough based breads over potato based breads. And I've never been a big bread eater, now I am! Thanks Shannon! Donna Phillips and Wally Ross of www.presidenthomes.com and www.coloradowesternland.com Owner-Builder Programs is who I worked with all weekend. If you are interested in building your own home visit the President Homes website. I met the nicest young woma...
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By Laura Kaan
(The Platinum Group Realtors)
The so called "real estate bubble" that we often heard about on the national news last year, has kept many home buyers from purchasing a home in fear that they will ultimately loose money.  Many base this decision on the buzz they hear in the national news as opposed to understanding the facts and what is happening locally.  The Colorado Springs CO real estate market is affected by overall national factors, yet we are also a unique submarket that requires greater understanding to fully appreciate what you are getting when you buy your newColorado Springs home.    Housing speculators were raising concerns that we would see a national housing bubble that would burst similar to a stock market crash.  The buzz created anticipation and concern throughout theUnited States causing many markets...
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 Driving in the Springs can be a test of anyones patience. Lately, more so than ever, with Construction ongoing or starting at various corners of the City. Normally we have the work crews around, to patch up huge potholes that form during the winter month. (And I mean huge - deep, wide and unpredictable. Hope you're paying close attention to the road - because dropping into one of those would not be a "good thing".  Specially if you're out riding a Motorcycle. Very dangerous.)Now, in addition to the potholes, we have "real" construction ongoing. Woodmen Road is being expanded - in width, from I-25 east, with a planned overpass at Academy Blvd.  The Intersection of Austin Bluffs and Union is getting a Make Over, due to the increase in traffic, the stop times and the accidents occurring t...
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By Caryn Becker, C.A.R.E. Committed Accountable Real Energetic
(The Cutting Edge, Realtors)
Priced at $235,000 this immaculate, remodeled, well maintained home at 3125 Serendipity Circle is quite a find.  There is 2261 square feet of which 95% is finished space.   The eat in kitchen has rustic oak hardwood floors & hickory cabinets.  It also has granite counter tops and brand new appliances.  Throughout the rest of the house, neutral tones are reflected in the tile flooring & the brand new cut berber carpet.The master has a remodeled ¾ attached bath.  All 5 bedrooms are large with enough room for beds & furniture and all boast spacious closets.  All the window coverings are included.  The main bath & lower level bath are completely remodeled with all new fixtures.  Relax in the front of the wood burning fireplace in the living room or in the lower level family room.  The famil...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
Do you SEE that mountain?!? With a backdrop as majestic as Pikes Peak and the Rocky Mountains, a hospital visit and stay at Memorial Hospital North may just be a bit more tolerable. Colorado Springs warmly welcomes a new Memorial Hospital, in the North End of town at the corner of Briargate Boulevard, Austin Bluffs and Union Boulevard. With all the new homes in Colorado Springs being built in the north end, and all the current hospitals located much further south (in downtown and on Academy Blvd.) this new facility is veryneeded. (Penrose St. Francis is also building a new medical facility up North on Powers and Woodmen.) This new building has plenty of architectural style, and it has been exciting to see it progress to its near completion. We have come to call it the "Bubble Hospital" ...
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By Laura Kaan
(The Platinum Group Realtors)
Part 2 of "Why So Many Colorado Springs Homes Won't Sell"I started a series on Why So Many Colorado Springs Homes Won't Sell a few weeks back.  The three main points discussed were price, condition, and Realtor.  I discussed how price is often the #1 factor that will help you sell your home in Colorado Springs in a buyers market.  With a high inventory of over 5,000 available Colorado Springs homes buyers have plenty of options and are looking for deals.  Todays Colorado Springs real estate market is very healthy yet we are in a buyers market and on average the absorption rate of home sales is low with about 10-15% of Colorado Springs homes on the market selling each month.   This leaves the other 90% still on the market with most neighborhoods experiencing 6-8 months of housing invento...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
On the busy corner of East Woodmen and North Powers Boulevard is the beginning of a new Penrose Hospital: Saint Francis Medical Center.I drive by it several times a day on my way to carpool or to the office. The kids are always in awe of the massive cranes swinging around huge metal beams and walls... It is an awesome experience watching the changes, day by day. We are starting to recognize it more as a hospital and less of a skeleton building.Colorado Springs has experienced quite the jump in growth in the past few years, and we are not even ½ done growing! Within the next 20 years, Woodmen and Powers is said to be the geographical center of Colorado Springs. What a strategic location for a hospital! This is the 2nd hospital on the N/E side of town that is going up. Memorial Hospital i...
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Just a quick FYI for fellow Citizens of Colorado Springs:According to an article by KGET.com, Colorado Springs is reaching out - to the West Coast that is. With new direct flights offered by ExpressJet Airlines, to the Los Angeles-Ontario area, San Diego and Sacramento. 
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By Jose Luis Ramirez
(5 Star Mortgage, Llc)
 The real estate market in Colorado Springs is, contrary to recent headlines, in excellent shape. The much-hyped factoid that Colorado is leading the nation in foreclosures is due directly to our "deed of trust" and Clerk & Recorder process. When someone fails to pay their mortgage (or deed of trust in this state) the law compels the Clerk and Recorder to initiate the foreclosure process immediately. The process will likely take another 4 to 6 months, and the property will likely be sold or "redeemed in this period, but nonetheless it is counted as a foreclosure. In other states, the mortgagor will initiate the court process and it will not be counted as a foreclosure until the process is completed. The other reason that the headlines seem so scary is that they are reporting the total n...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
Academy School District 20, in northern Colorado Springs, Colorado has decided to combat all the snow days that we have been having by adding 20 minutes to the school day, starting 1/29/07, instead of adding school days to the end of the year. It has been met with some opposition, as now some elementary schools are not being let out until almost 4:30pm - very close to sundown. However, the district is "confident that the last child on the latest bus route will still be dropped off during daylight."Why did they not just add a few days to the end of the school year? Well, two main reasons dictated this choice over others were:Adding days to the end of the year does not help High School Seniors make up needed time.The majority of parents, teachers and administrators wanted minutes added fi...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
A favorite past time for many ‘Spring-ers is golfing. You will find people on the greens at all times of year in all kinds of weather. Since Colorado has upwards of 300 sunny days a year, golfing is a very appropriate hobby.Here is a collection of the golf courses that you will find in and around Colorado Springs.  Or, for more information, please visit the following sites:GolfColorado.com or GolfCourses.net Private Courses/ Clubs:Colorado Springs Country Club - 18 Hole -Designed by Dick Phelps3333 Templeton Gap Rd, Colorado Springs, CO 80907(719)473-1782Kissing Camels Golf Course - 18 Holes/27 Holes reg. - Designed by Press Maxwell and Mark Raithert3320 Mesa Rd, Colorado Springs, CO 80904 (719)636-2373Country Club of Colorado- 18 Holes reg. -Designed by Pete Rye125 E Clubhouse Dr, Colo...
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By Laura Kaan
(The Platinum Group Realtors)
Part 1: Why So Many Colorado Springs Homes Won't Sell! Many factors can contribute to Colorado Springs homes not selling in a reasonable amount of time.  Many of these factors can be controlled.  If your Colorado Springs home has been on the market for a long time, try not to be discouraged.  Even though we have a high inventory of homes on the market making this area a buyer's market, the Colorado Springs real estate market is still on solid ground.   Last year when many cities experienced a decrease in housing prices, Colorado Springs homes actually experienced about 6% increase in the average sales price.  How could this be?  Colorado Springs did not experience the outrageous double digit appreciation that areas like Los Angeles, and Las Vegas witnessed.  Colorado Springs maintained ...
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By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
Derek came home from an afternoon showing homes to his very first buyer client, as a Realtor in Colorado Springs (we'll call her Ms. P) and sits at the computer in obvious bewilderment. He logged onto the local MLS and then paused for a few minutes. "Honey. What's up? How did your day go?" I was excited about his first time out showing homes, as well as interested in why he was so bewildered."Well, it went ok. But I need to narrow down her search to homes on streets with no mature trees and a lot of street lamps.""Huh?" I now joined him in his bewilderment. There are not searchable fields for either of those requests. How were we going to search for homes in Colorado Springs with those guidelines? This was going to be interesting. We decided to pull up all homes that fit her previous re...
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If you have followed the "Hoopla" - including Discussions, Protests etc about the Widening of Woodmen Road on the North Side of Colorado Springs, as well as the accompanying planned Overpass....you might be interested in the Open House that will be held on: January 24th from 5:00pm to 8:00 pm at Jenkins Middle School.Jenkins is located on 6410 Austin Bluffs Pkwy. Hope to see you there!
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 We are 21 days into 2007. And so far, our Real Estate Market in the Springs has been active! The following Data is for the period from 01/01/07 to 01/21/07:Homes Sold 01/01/07 to 01/21/07 - 351Average Price - $245,373Average Days on Market - 118This is the total number of homes that have sold and closed since 01/01/07. No distinction has been made as when the home was added to the Market.Homes currently under Contract/Pending - 480Average Price - $235,620Average Days on Market - 108New Listings since 01/01/2007 - 823Average Price - $274,887Average Days on Market - 38This includes - 88 Homes already Under Contract/Pending since they were activated/offered for Sale as of 01/01/07- 4 Homes that are currently withdrawn from the market for a variety of reasons If you are considering selling...
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Are you a Military Spouse, who is, once again,  trying to rally the necessary enthusiasm to pack up and move? To get to know new surroundings, find a new home, a school for the kids and meet new Neighbors? Make new friends, continue long distance friendship and start a career - all over?I've been in the same situation plenty of times! And I know what it feels like to hear those words: Honey...we've got orders! We're moving in a month...If you just found out that yet another PCS move is coming up and it's bringing you to Colorado Springs or the surrounding areas, feel free to contact me with any questions you might have. I am here to help.Here are some website that can give you a glimpse about the City you might call home soon....City of Colorado Springs - City Agencies, News, Events, Vi...
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