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318 Articles Found

Cherry Creek has Peaceful Parks, Gorgeous Views, and Fabulous Shopping!

Friday, May 19, 2017

Attention fashionistas! If you haven’t experienced everything that Cherry Creek, Colorado has to offer, then you are missing out on one of the biggest fashion mecca’s in the world!

Cherry Creek is a neighborhood of Denver filled with tree-lined streets, beautiful parks, and refreshing Colorado sunshine. Located only minutes from the downtown area, it also boasts some of the largest and most diverse shopping from Chicago to San Francisco, with an impressive collection of art galleries, independently owned boutiques, international fashion brands, and some of the most delicious locally sourced cuisine highlighted at a variety of fine-dining establishments. To sum it up, it is 16 blocks of artistic, unique, indulgent, taste-bud satisfying bliss! These 16 blocks are actually the largest gathering of independently owned shops in the U.S. Fulfill your inner shopaholic with one-of-a-kind clothing boutiques containing hand-selected fashion pieces from local and international designers to cookware and home furnishing stores. Cherry Creek is also home to Cherry Creek Shopping Center, an indoor mall with over 160 stores, including Nordstrom, Neiman Marcus, Coach, Tiffany & CO., H&M, Lacoste and many more. All of that shopping will work up your appetite! Cherry Creek offers a variety of dining options, and is known for its organic and locally sourced cuisine. Options such as True Food Kitchen and Barolo Grill not only support a healthy living lifestyle, but also support local farms.

Cherry Creek (specifically Cherry Creek North) is also known for the Cherry Creek Arts Festival. Taking place in July, this 3-day festival celebrates all things art, including visual, culinary and performing arts. Exhibits, demonstrations and interactive family activities entertain a crowd of over 350,000 people during the weekend extravaganza. Other popular events in Cherry Creek include a giant annual sidewalk sale in July and the Cherry Creek North Food & Wine Festival in August. Make sure to stock up on some of the best, freshest produce in the country at the popular Cherry Creek Farmers’ Market sets up on Saturdays during the summer and early fall.

Of course, it wouldn’t be a charming Colorado town without spectacular outdoor spaces and parks that highlight this neighborhoods natural beauty. Spend an afternoon at the Cherry Creek Trail, 11.2-mile path that runs from downtown Denver’s Confluence Park to Cherry Creek Reservoir south of Denver. This trail takes bikers by multiple parks and attractions such as Four Mile Historic Park. Cherry Creek Bike Path also provides 22 miles of fun, and connects to downtown and beyond, another great opportunity to discover the many attractions this city has to offer.

Turner Associates is proud to be experts on the wonderful Cherry Creek community! Click here to check out some incredible Cherry Creek listings, and contact us to check out a Cherry Creek property for yourself!

 

Flying Horse: The Pinnacle of Luxurious Living in Colorado Springs

Friday, April 14, 2017

Here at Turner Associates, we pride ourselves on our reputation as real estate leaders, especially for the much sought-after Colorado Springs area. Therefore, it only seemed fitting to highlight the community of Flying Horse, whose perfect location, breathtaking homes, luxurious recreational facilities, excellent schools, and private 18-hole golf course have catapulted it into one of our most high-demand areas. So strap on your seatbelts, and prepare yourself to fly into first-class luxury! Welcome to Flying Horse!

One of the most captivating aspects of a custom Flying Horse home are the gorgeous views. Scenic landscapes of the Pikes Peak mountain range and lush meadows surround you at every turn, creating an atmosphere of calm and serenity. Many homes include stylish features such as vaulted ceilings, hardwood floors, and custom quality finishes throughout. Flying Horse is located off of Northgate Boulevard, conveniently only 15 minutes to Colorado Springs and 45 minutes to Denver. Families with children can take comfort knowing that Flying Horse is zoned to the Discovery Canyon Campus, which completed its final phase in 2010 and cost $72 million dollars to construct. Not only is this facility one of the most expensive campuses in Colorado Springs, but it delivers a competitive, top-notch education to all students.

At the pulse of this luxurious community is The Club at Flying Horse, a lavish 43,000 square foot European-style community club house that has a plethora of fantastic resort-style amenities! Perhaps the most notable attraction is the legendary private 18-hole golf course, designed by world-renowned master Tom Weiskopf. This golf course has won multiple awards, including being voted as one of the top 10 golf courses in Colorado! Other noteworthy options featured at The Club is fine-dining at The Steakhouse at Flying Horse, or a variety of services ranging from facials, massages, fitness classes, or working up a sweat with top-of-the-line workout equipment at The Athletic Club and Spa at Flying Horse. Whether members want to engage in a rousing game of tennis at one of the clubhouses 9 tennis courts or mingle over a drink with friends, anything is possible with such luxurious services and amenities at your fingertips!

Rounding off the long list of upscale Flying Horse features is The Lodge at Flying Horse, an impressive extension of this prestigious community consisting of 48 lavish villas with resort-style accommodations. Boasting a charming “Rocky Mountain Tuscan” style, the essence of The Lodge truly complements the warmth, elegance, and sophistication of the award-winning Flying Horse community.

Flying Horse represents a standard of excellence that is unparalleled. With outdoor options that include exploring the various trails, opens spaces, parks, and ponds, to indoor choices such as casual and fine dining, private meeting rooms and dining areas, a ballroom, and the infamous four-story “wine tower”, the options are endless!

Ready to discover what true luxury is all about? Then click here to let a Turner Associates real estate agent find the perfect Flying Horse property for you and your family!

Turner Associates is honored to have exclusive Flying Horse homes listings! Check out these awesome properties below!


2523 Crooked Vine Court, Colorado Springs, CO 80921

This fabulous Flying Horse home has incredible views of Pikes Peak!

2119 Rocking Horse Court, Colorado Springs, CO 80921

This custom patio home in the village of Sonoma, Flying Horse, is walking distance to the famed Flying Horse clubhouse!

 

Another Record-Breaking Year in Progress

Monday, February 13, 2017

Another Record-Breaking Year in Progress


As we suspected, the Colorado Springs housing market is already breaking records one month into 2017. The Pikes Peak Association of Realtors report for January shows the average sale price for a single-family home hit a record high of $298,774. This is a 13.3 percent increase over January 2016, and nearly $3,000 more than the previous record high of $295,877 that we saw in August 2016. We expect this trend to continue throughout the year.

Fewer sellers, more buyers


January brought another record to our real estate market, but this one’s an all-time low. We saw only 1,331 listings in January— down nearly 31 percent from January 2016. Even more notable, this is the lowest amount of homes for sale since the Realtors Association began compiling such data over 20 years ago.

The super-robust Colorado Springs economy, low unemployment, strong job growth, and historically low mortgage rates are creating big demand for homes. Our very desirable region continues to garner national attention, and our population grows, driving up prices. It won’t be long before the average home price hits $300,000. As we noted recently, realtor.com’s economic team predicts that most of the nation’s hottest markets in the western U.S. “will continue to lead the nation in prices and sales.”

Speaking of sales, January’s total of 908 is a 7 percent increase over the same month last year, according to the Realtors Association report. This marks the 30th straight month of year-over-year home sale increases. Even more impressive? This 908 figure is the highest for any January in which the Realtors Association has been issuing reports. We’re betting that 2017 beats 2016’s record total sales of 15,318.

New accolades for The Springs


The recently released 2017 Best Places to Live list from U.S. News & World Report ranks Colorado Springs as the 11th-best place to live among America’s 100 most populous metro areas. The editors point to our “quieter, gentler way” and our low cost of living, low unemployment rate, and plethora of recreation and entertainment options.

In 2016, living costs in the Colorado Springs area were the lowest compared with the national average in five years, according to an annual survey by the Council for Community and Economic Research. Local costs were 94 percent of the national average in 2016. For comparison’s sake, Denver costs were 110.4 percent of the national average last year.

ValuePenguin awarded The Springs the No. 3 spot out of 98 for Most Health-Conscious Cities in America. In creating the rankings, the site “gave the greatest weight to per-capita access to the amenities that would help residents to be active.” Additional factors included:

  • The quality, access, and affordability of healthy-food options available to residents.

  • Environmental factors, including air and drinking water quality.

  • The current health and habits of the city’s residents.


Would you like to learn more about our wonderful region? Our dedicated and knowledgeable team at Turner Associates would love to help you achieve your 2017 real estate goals. With over two decades of experience in the greater Colorado Springs and Pikes Peak region, we have a rich history of service in the area. We’re a full-service agency, committed to your complete satisfaction from beginning to end.


Source


http://gazette.com/colorado-springs-living-costs-lowest-in-five-years-compared-with-national-average/article/1596432, http://realestate.usnews.com/places, https://ppar.com/StatsAndFacts.html, https://www.valuepenguin.com/most-health-conscious-cities-in-america, http://gazette.com/average-colorado-springs-home-price-hits-record-high-in-january/article/1596158
 

4 Key Real Estate Trends for 2017

Friday, January 27, 2017

4 Key Real Estate Trends for 2017


The new year brings a new administration with a whole new set of possibilities and expectations. What are a few of our predictions for real estate trends in 2017?

1) Price appreciation will slow


Look for national home prices to slow to about 3.9 percent growth year over year, down from an estimated 4.9 percent in 2016. This reduced rate of growth doesn’t point to an unhealthy real estate sector, but rather signals a normalizing process as the market recovers and returns to a more balanced, sustainable rate of growth. We expect to see more historically normal appreciation rates as we move forward.

2) Interest rates will steadily rise


The day before President Trump's swearing in, Federal Reserve Chair Janet Yellen said, “The U.S. central bank should continue to raise interest rates slowly to keep jobs plentiful and inflation low.” This comes as no surprise, since even before Trump’s election, the Mortgage Bankers Association predicted rates would reach 4.8 percent (an increase of nearly two percentage points) by the end of 2017. Recall that conventional loans saw an immediate post-election increase of nearly a quarter of a percentage point.

If you’re hoping to refinance, do it now, and if you’re looking to buy, lock in your mortgage rate early during your closing. The “making lemonade” side to this stabilization of interest rates? Higher rates usually indicate a strong economy, which tends to be associated with a vibrant real estate market.

3) Millennials climb into the driver's seat


Although this interest rate jump affects the youngest generation of first-time homebuyers, experts still expect millennials to comprise 33 percent of buyers in 2017. Along with the equally as large boomer generation, millennials will drive demand in the U.S. real estate market for at least the next 10 years.

As post-graduation millennials enjoy better job security and more easily qualify for mortgages, they’re motivated to buy a home in affordable areas and start families. Savvy sellers know that targeting this vast pool of potential buyers yields huge payoffs. Tailor your marketing strategies towards these younger buyers. Emphasize the things they value in a home to make your property desirable for first-time buyers. Especially important are:

  • New kitchen and bath fixtures

  • Open floor plans

  • Home offices

  • Low maintenance

  • Energy efficiency

  • Good location


4) The West remains the best


Speaking of great location, Colorado Springs ranked #12 in realtor.com’s Top Real Estate Markets for 2017. With a median home price of $335,000, price growth of 4.77 percent, and a sales growth rate of 6.71 percent, our robust real estate market continues to thrive. Despite a slight slowdown in the national market, realtor.com’s economic team predicts that most of the nation’s hottest markets in the western U.S. “will continue to lead the nation in prices and sales.” Experts attribute this to low unemployment, strong job growth, and the increase in population that follows, increasing demand for homes, which leads to higher prices.

Let the dedicated and knowledgeable team at Turner Associates help you achieve your 2017 real estate goals. With over two decades of experience in the greater Colorado Springs and Pikes Peak region, we have a rich history of service in the area. We’re a full-service agency, committed to your complete satisfaction from beginning to end.


Source


https://www.coloradorealestatediary.com/blog/2017/01/06/insider-real-estate-trends-to-expect-in-2017/, http://www.realtor.com/news/trends/top-real-estate-trends-2017/, http://www.cbsnews.com/media/9-real-estate-trends-to-expect-in-2017/2/, https://www.thanmerrill.com/2017-real-estate-market-forecast/, http://www.forbes.com/sites/timworstall/2017/01/20/yellen-says-fed-should-not-let-economy-run-hot-more-interest-rate-rises-on-the-way/#5ab7c2987fb0, http://www.bankrate.com/finance/real-estate/must-haves-to-sell-to-young-homebuyers-1.aspx
 

Giving Thanks for November's Colorado Springs Real Estate Numbers

Friday, December 30, 2016

Giving Thanks for November's Colorado Springs Real Estate Numbers


Well, the good tidings of comfort and joy just keep rolling for the Colorado Springs real estate market. As we alluded to in our last post, home sales in our region have already surpassed last year’s total, making 2016 the second consecutive record-breaking year.

When last we looked, the Nov. 13 year-to-date home sales figure of 13,427 had passed 2015’s record total of 13,250 sales. And according to the most recent Pikes Peak Association of Realtors report, November finished stronger than strong with local home sales totaling 14,083 year to date. If you’re counting along at home, 2016 is the sixth straight year in which home sales have risen.

The recent rise in borrowing costs is expected to have little, if any, impact on our steamy-hot housing market. Colorado Springs’ economy is now enjoying “phase two of the recovery” thanks in large part to local job creation and growth at the University of Colorado at Colorado Springs. Our city boasts the second best job growth in the state, next to Fort Collins.

It may have felt like it took a while for the local Springs recovery to kick in and build momentum, but right now, our economy is generating new payroll jobs at a faster rate than the rest of the country for the first time since the recession began in 2008.

This irresistible community momentum is enticing more people to consider relocating to Colorado Springs, which is helping to keep the housing market strong. Factor in sky-high rents, a growing workforce population, an increasingly diverse industry mix that includes a high concentration of STEM jobs, and healthy growth in out-of-state tourism -- and you’ve got the perfect recipe for a thriving housing market.

More good news from the recent Realtors Association report on November’s numbers includes:

2238 listings were under contract in November, almost double the number we saw just three years ago with 2013’s 1257 listings.

Home sales totaled 1,196, a 46.7 percent increase over Nov. 2015. Sales have risen for 28 consecutive months on a year-over-year basis.

November’s median home price rose to $256,566, an 8 percent increase over November 2015. Prices have steadily climbed each month for two years as the demand increases.

If you listed your home last November, you could expect to wait an average of nearly two months for a sale. This year? Homes sold in November lingered on the market for just 39 days on average before purchase.

November’s supply of homes listed for sale totaled 1,942, with 992 of those new listings. This is 26.5 percent fewer single-family homes available than in November 2015. Although this has certainly helped to drive prices up – it’s also driving buyers a bit crazy.

The Realtors Association reminds us that although November 2016 saw a slow-down in sales from October, this is to be expected at this time of year. Holidays and cold weather are notorious for discouraging home purchases and major moves.
With so many promising indications that our region is on a real estate roll and enjoying a solid, sustained economic recovery, all of us at Turner Associates can’t wait to see what’s around the 2017 corner!

Source

http://www.crej.com/news/colorado-springs-western-slope-poised-growth/, http://ppar.com/StatsAndFacts.html#stats1, http://gazette.com/boom-time-in-colorado-springs-all-signs-point-to-a-buoyant-economy/article/1574286
 

Autumn Hasn't Cooled the Springs Housing Market

Tuesday, December 13, 2016

Colorado Springs Housing Market.Autumn Hasn't Cooled the Springs Housing Market


After a sizzling hot summer for home sales in Colorado Springs, the fall shows no signs of cooling down. October’s report from the Pikes Peak Association of Realtors showed a continuing increase in number of sales and closing prices. In fact, October is the 27th straight month in which year-over-year sales have increased.

The report showed:

  • Single-family home sales totaled 1,266 in October, a 14.4 percent increase over October 2015.

  • October’s median home price rose to $255,625, an 8.8 percent gain over October 2015.

  • Inventory continues to be very tight, with 2,222 properties listed for sale in October. That’s about a 25 percent decrease on a year-over-year basis.


At October’s end, sales totaled 12,890, or nearly 14 percent higher than the same period in 2015. The latest figures from Nov. 13 show year-to-date sales hitting 13,427, beating 2015’s record total of 13,250.

Perhaps not surprisingly, 279 of those sales occurred between Nov. 6 and 13. The Wall Street Journal reports that although the impact of the presidential election and consequent rise in interest rates on home buying may not be fully clear just yet, some buyers rushed to lock in terms before rates rose further: “In the week ended Nov. 18, applications for mortgages to purchase homes jumped 13 percent from a week earlier and were up 11 percent from a year ago, the MBA data showed.”

Although rates are still low by historical standards, MortgageNewsDaily.com reports that they are currently at the highest level since June 2015. But we suspect that come what may, real estate in Colorado Springs will continue to thrive.

Our Opinion is Admittedly Biased, but We Are Not Alone


Sure, we’ve got 300 days of glorious sunshine and topaz-blue skies to enjoy every year, mind-blowing scenery, and unlimited recreational activities. Our outstanding quality of life and thriving economy have garnered more national attention and accolades in 2016. Let’s review a few of our favorite:

  1. A study released in May conducted by Trulia said Colorado Springs ranks 7th in the top 10 "fastest-moving markets" in the country. The study examined the number of homes still on the market after 30 days in the 100 largest U.S. metropolitan areas. “In Colorado Springs, 53.3 percent of homes remained for sale over a one-month period in 2016, compared with 62 percent in 2015.”

  2. Money Magazine named Colorado Springs one of the six best big cities to live in for 2016, and the “Best in the Mountains”. The magazine cited our “high-speed economy, with employment increasing at the fastest clip since 2000, outpacing the rate of growth in the rest of Colorado—and in the rest of the country.”

  3. Men's Fitness named Colorado Springs the 13th Fittest City in America in its 25 Fittest Cities survey.

  4. Last March, U.S. News & World Report ranked Colorado Springs as No. 5 among best places to live in America. In addition to surveying thousands of people across the country to find out what makes a place desirable, the site used U.S. News rankings of the best high schools and best hospitals along with data from the United States Census Bureau, the FBI, and the Bureau of Labor Statistics.

  5. Forbes named Colorado Springs the 12th Best Place for Business and Careers.


Another factor driving home sales are the increasingly high rent prices that incentivize people to buy. A study released in May by Make Room, a national renter's advocacy group, revealed “that more than 370,000 workers in Colorado pay more than 30 percent of their pre-tax income toward rent and utility bills, a costly burden for households in the state.”

The Pikes Peak Association of Realtors website enthusiastically reports: “2015 saw the highest number of home sales in the past 30 years within the Pikes Peak region!” We here at Turner Associates Real Estate can hardly wait to see 2016’s numbers.

Source


http://www.krdo.com/news/local-news/colorado-springs-is-one-of-countrys-fastest-moving-housing-markets/35595150, http://ppar.com/, http://www.homescolorado.com/colorado-springs-real-estate-market-statistics.aspx, http://www.wsj.com/articles/mortgage-lenders-struggle-to-adapt-to-rapidly-rising-interest-rates-1479992403, http://gazette.com/forbes-ranks-colorado-springs-as-no.-12-in-the-nation-as-a-place-for-business-careers/article/1588192, http://gazette.com/more-of-the-same-for-colorado-springs-housing-market-prices-and-sales-both-rise/article/1589349, http://gazette.com/more-of-the-same-for-colorado-springs-housing-market-prices-and-sales-both-rise/article/1589349
 

Real Estate in Colorado Springs is Hot to Sell

Tuesday, October 25, 2016


Crown Hill Mesa, Colorado Springs Real Estate, Colorado Springs Homes for SaleReal estate in Colorado Springs just won't stop selling. Being a seller of a home in Colorado Springs is easier than it's ever been, as each month breaks through the previous year's precedent. Sales in September were 16% higher than September 2015, meaning that home sales have continuously increased for twenty-six months in a row.

On top of high demand, the median sales prices are steadily increasing as well. Prices are 10% higher than last September. The median currently rests at $264,000, which is considered very affordable in the middle-class housing market.

The disadvantage of this kind of market is the supply of homes. Last September, the supply of homes was 24% higher. Since mid-2014, the number of homes for sale, on average, has steadily declined. Low mortgage rates and better economic conditions have ensured that foreclosures stay down and demand stays very high. Thus prices have risen, as competition for individual homes increases and buyers attempt to out-offer one another.

Ninety-Nee point three percent (99.3%) of homes are selling for asking price, a strikingly high percentage, and the average amount of time spent on the market is only 35 days, compared to 70 last year. That's a 100% increase.

Overall, it's an amazing time to be a home seller in Colorado Springs. If you have been considering selling your home, now may be the time—before the winter sets in and, as it does every year, the market turns down until the Spring.
 

Home Market Booms in Colorado Springs

Monday, September 26, 2016

Home Market Booms in Colorado Springs


colorado-springs-new-homeNot since 2007 have Colorado Springs new home sales been a point of pride in the Colorado Springs real estate market. Nine years ago, the housing market was doing well, with new and used homes alike selling well across the board. Low mortgage rates and a still-strong job market in Colorado Springs means that new home sales are stronger than ever.

Another jump by 12.4% means Colorado Springs home sales have reached an annual level of 654,000 sales, according to the Commerce Department. In July, the pace of homes actually matched the previously steady rate of 650,000 new home sales per year. These strong numbers, however, mean that the supply of new homes is dwindling.

However, that has proven to be good for construction. Home construction has ramped up in the Springs, in stark contrast to the drop-off it experienced in 2008. Even though the nationwide con-struction industry has slowed (and in some areas, completely stagnated), Colorado Springs con-tinues to have new growth in the home-building sector.

Existing home sales have also been very strong in the area. Two record-setting months in a row, May and June 2016, proved that the housing market in Colorado Springs is doing very well, to a fault, even—the supply of single-family pre-owned homes has dwindled to the point of exhaus-tion. Mortgage rates have reached new lows, which may partially explain the surge across the board.

Ultimately, the improvement in Colorado Springs home sales and construction is having an on-going positive impact on the construction industry, real estate, the local economy, and the job market. Mortgages are at their lowest rates ever, and the unwavering popularity of Colorado Springs together point to a long-lasting boom in home sales across the board.

Sources
http://www.greatcoloradohomes.com/blog/statistics/
http://bigstory.ap.org/article/5ea4d907a7c44adf9e05097b192b8c86/us-homes-sell-strongest-pace-2007
 

It looks like the housing market is holding its pace.

Thursday, September 01, 2016

It looks like the housing market is holding its pace.


Though both May and June saw record-breaking highs in home-buying, July did not set any records. That said, it was still a great month for sellers—July 2016, sales were 9% higher than July 2015. July's numbers were still the 3rd highest ever, beaten only by those previous two months.

The popularity of Colorado Springs remains constant, and nearly all its existing homes are being sold very quickly, and at rising prices; selling is profitable and easy right now.

But being a buyer is getting even tougher. Those homes in the $200,000-300,000 price range are closing sales in just a few days, and the supply of homes is low. Many people can't find homes in the areas they want, and prices are not high, but rising.

The story is different for higher-priced homes. Those above $400,000 are having average sales, but nothing extraordinary is happening there. Sellers in this market are still seeing competition, just not at a boom, like the middle bracket is.

Higher prices and more sales are expected to continue throughout the year, with a predicted slump right around the holidays. Overall prices are rising by about 8 percent a year, which matches trends seen in other cities across America that experience urban sprawl, like Colorado Springs.

Colorado Springs home prices may be increasing, but their rates of appreciation are exceeded by nearby Denver—which makes the Springs even more appealing. That, and the Springs' growing economy, means that there are now even fewer reasons not to live in the shadow of America's Mountain.

Population is not remaining constant in the Springs by any estimation. The area continues to explode, as Colorado Springs climbs up the list of most populous US cities. It is, after all, one of the most desirable US cities to settle, placing 5th on a list of the 100 best cities in the country to live in. Combined with its affordability and convenient location nestled against the Colorado Rockies and less than 100 miles from Denver, it is no wonder that Colorado Springs is such a desirable destination.

Ultimately, Colorado Springs remains one of the best markets for under-$400,000 home sales in the entire country. If you've been looking to sell your home, this may be the perfect time.
 

Colorado Springs is a highly desirable place to live.

Monday, August 01, 2016



Sales of homes are at an all-time high, with two record-breaking months in a row. Lower mortgage rates combined with a growing local economy has made it much more attractive to buy a single-family house in the area. Indeed, it's even a great market in which to sell one—houses selling for less than $300,000 are extremely popular, and the low "supply" of these types of houses makes them go quickly (usually within a week, according to a real estate source).





Then again, being a buyer is a bit tougher. A lot of homebuyers can't find what they want in their price range, due to the houses being sold off so quickly. At the same time, rentals are also being quickly snatched up.



2016 has also been Colorado Springs' best employment year since 2000. The local economy added 7400 jobs last year, for a growth rate of 3.2 percent - higher than the state's overall rate. This means that there are more jobs and more income for people who may be moving to Colorado Springs from out of town.



In June, there was an 18 percent increase of home sales from the same month last year, which alone is surprising—but that's not all. June turned out to be the most record-breaking month of all time when it comes to home sales; 1,691 were sold, exceeding May's numbers (1,497 sales).

Interestingly enough, this means that housing prices may increase. Supply and demand affect the prices of everything, including homes, and such a low "supply" of available properties in this price range means that median prices may actually rise—as they have over the past two decades. Ultimately, a high demand for housing has proven to be one of the surest signs that rents and purchase prices will increase. The same thing occurred in Southern California throughout the second half of the 20th century, and Northern California (namely San Francisco) in the last 20 years, which led to historically high rents and a continuously-soaring cost of living.



The popularity of the Springs makes sense; after all, Colorado Springs has just been rated the fifth most desirable city to live in the United States by a U.S. News and World Report survey. Denver, nary 50 miles away, topped the list, further emboldening claims that Colorado is one of the best states, if not the best, to live, work, and play.



Colorado Springs, uniquely, has a high concentration of city parks and outdoor attractions. The city is also consistently lauded for its low cost of goods and services relative to other urban areas (even Denver), mild traffic, high-paying jobs, clean air, mild climate, and much, much more.



With so many reasons to live here, Colorado Springs, and El Paso County will probably get even more popular for homebuyers as time goes on.


 

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Flying Horse: The Pinnacle of Luxurious Living in Colorado Springs
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