With such a booming start to the year in terms of real estate, it has many people wondering what’s in store for the rest of the year. There is good and bad news (but mostly good!) for both buyers and sellers in the mid year real estate forecast for Colorado Springs.Read More →
Old Farm Real Estate Stats June 2021 show the largest price increases we have ever seen! The average price rose 35.5% to $481,333. The median price rose 34.6% to $471,000. Looking back just 2 years ago, the average price in Old Farm was $323,380. In just two years, the average hasRead More →
It’s hard out there for buyers right now, and even more so for buyers using government-back loans such as VA and FHA. When navigating a competitive housing market, it might be beneficial to think of the list price of the house as the reserve price at an auction. It’s the minimum theRead More →
Old Farm Real Estate Stats May 2021 show double digit price increases in May. The average price rose 25.5% to $445,670. The median price rose 20.1% to $426,350. Looking back just 2 years ago, the average price in Old Farm was $328,267. In just two years, the average has increased overRead More →
Inventory Looking for rentals in Colorado Springs? The inventory shortage does not just apply to homes for sale, but homes for rent as well. We have many natives as well as people relocating from other areas coming into the highly desired Colorado Springs area. For example, a quick search on the MLSRead More →
Old Farm Real Estate Stats April 2021 show double digit price increases in April. The average price went up 17.4% at $422,892. The median price rose 16.3% to $425,000. Sales were down 50% with 3 homes sold last month. Homes continue to sell very fast in this neighborhood with an average timeRead More →
It’s almost May, which (hopefully) means warmer weather and some exciting upcoming events in Colorado Springs! As more and more people get vaccinated, things are starting to open up and events are returning to our area. It may take some time for things to be completely normal again, but this isRead More →
Old Farm Real Estate Stats March 2021 show that prices increased yet again in Old Farm in March, with the average price up 11.9% at $412,000. The median price rose 14.6% to $416,000. Sales were down 33.3% with 4 homes sold last month. Homes continue to sell very fast in this neighborhoodRead More →
The lack of homes for sale has been hard on today’s buyers. This has created an environment of bidding wars, offers on multiple homes, and discouraged buyers. The lack of inventory has been plaguing not just our area, but the entire country. It’s not all bad news, though, because weRead More →
Worried about trying to find a new home while selling your old one simultaneously? Did you know that there is a way to buy a home before you sell? In such an extremely competitive market, having a contingency makes it even harder. A contingency is almost like an “if-then” situation.Read More →