02 Mar Colorado Springs Real Estate Rates
Welcome to City of CS Real Estate and Lifestyle. Many times, people will comment on how expensive it is to live in Colorado Springs, how expensive the area real estate is. Have you ever wondered how Colorado Springs real estate rates compared to other cities in Colorado, or even in the nation? Or maybe you’ve wondered what the average price of a home sold for in your area last year?
Lots of people sold their homes for over and what they’re asking, even the appraisals were coming in agreeing with those numbers. But home transactions have slowed down a little and appraisals are coming in a little lower than what they were last year. It doesn’t mean it’s going to stay that way. Trends come and go in real estate, but it might interest you to know what home sales are doing in the rest of the state and country.
If you would like to find out more information about these numbers, please give Deborah Elliott-Shultz a call at (719) 651-1357.
*Please remember, that these numbers to not guarantee what your home would appraise or sell for. These are only median numbers for sub-areas. Also, each sub-area will have more expensive homes and less expensive homes, as well.*
These are the median sale price of homes in the different sub-areas of Colorado Springs for 2018:
Black Forest: $531,000
Central Area (includes downtown): $250,000
Out East (not including the Falcon area): $265,000.
Falcon area: $290,000
Falcon North: $342,000
Fountain Valley: $271,000 (had the most sales)
Manitou Springs: $376,000
Mark Shuffle: $325,000
North Gate: $460,000
Old Colorado City: $303,000
Powers Corridor: $297,000
Rock Creek: $480,000
Ute Pass: $297,000
Hopefully that was an eye opener for you! It certainly was for Deborah. She was quite surprised about those numbers. It will be interesting to see what the numbers for 2018 compared to 2019 when those numbers come in next year.
How did our area stack up against other places in Colorado? Many people think we have crazy high real estate prices. Here are the most expensive places to live in Colorado:
- Steamboat Springs
- Gelnwood Springs
- Fort Collins
- Poncha Springs
- Denver region
- Estes Park
- Greenwood Village
- Wheat Ridge
- Cherry Hills Village
Deborah did a search for the most and least expensive places to live in Colorado and found the answers on homesnacks.net. While you may have thought buying groceries here is quite expensive, it’s far more expensive in Boulder.
Where were the least expensive places to live in Colorado?
5) Fort Luptin
2) Fort Morgan
The least expensive place to live in all of Colorado is Brush. Where does Colorado rate in this list? Colorado Springs is #46—right about smack dab in the middle of the list between most and least expensive places to live in Colorado!
Come listen as Deborah goes through a national list and also discusses some of the reasons Colorado Springs is a great place to call home! If you have any questions or would like to discuss something you have heard on the show, call Deborah at (719) 641-1357.
Are you interested in finding out about Deborah Elliott-Shultz and City of CS Real Estate and Lifestyle’s flat listing fee of $3500*? Call (719) 641-1357. And, have you heard about our buyer’s rebate? That’s right! We give back 1/3 of our commission to help you with your closing costs or to buy new appliances which will be reflected on the settlement statement, and you’ll get it at closing along with a W-9.
If you have any real estate questions, or to find out how City of CS Real Estate and Lifestyle can help make your real estate experience more affordable, call Deborah Elliott-Shultz at (719) 641-1357.
*If listed for under $600,000 and does not include the buyer’s agent fee.