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colorado springs home prices

Colorado Springs Housing Market

By | Home Prices | No Comments

Colorado Springs home prices are currently hovering around $240,000, which represents more than an 8% appreciation in value since this time last year. It isn’t expected that appreciation will continue at this rate. Home prices are expected to increase next year, however only at a more modest 3.5%. There is currently a large selection of homes listed for sale in the Colorado Springs MLS. The current average price of homes listed for sale is $279,000. Prices have soared since 2012 when they bottomed out at $180,000 on average. Prices in other local neighborhoods very dramatically according to Zillow. The highest prices in the more luxury neighborhood of Northwest Colorado Springs are currently $332,000. The cheapest local housing is in Southeast Colorado Springs where they are only $165,000.

Local Home Prices

  • NW Colorado Springs: $332,000
  • Briargate: $311,000
  • Falcon: $244,000
  • NE Colorado Spring: $240,000
  • Powers: $253,000
  • Old Colorado City: $198,000
  • Central Colorado Springs: $191,000
  • East Colorado Springs: $205,000

We also tracked the local pricing per square foot and found that the median list price is currently $134 per sq. ft. Like home prices, rents in the area have also increased dramatically since 2012 when they were hovering around $1100. They have increased over the past few years and are now hitting $1400.

Moving to Colorado Springs

Anyone who is thinking about moving to Colorado Springs will be interested to know that the schools in the area are excellent. Great Schools has given most of the local schools a 10 rating. Some of the best schools in the area include:

  • The Vanguard School
  • Mountain View Elementary
  • Chinook Trail Elementary
  • Chipeta Elementary School
  • Tca College Pathways
  • The Vanguard school
  • Thomas MacLaren State Charter School

The full list of schools in Colorado Springs as well as the ratings assigned by Great Schools can be viewed here: http://www.greatschools.org/colorado/colorado-springs/

Anyone moving to the area will want to research local realty companies prior to hiring a buyer’s agent to help them find a home. The area has many great agents from Coldwell Banker, RE/MAX, Keller Williams and Sotheby’s who can help buyer with their home search.

Selling Your Home in CO

Hiring a real estate agent is an important decision. One of the first jobs of the agent will be do provide you with a CMA or comparative market analysis. This is where the experience of the agent comes into play. Real estate agents offer their services at a variety of commission rates and will likely range from 5% to 7%. There can be a big difference in the quality of the service you receive, so remember, that if you hire a discount realty company, you may not receive service equivalent to that of a higher priced realty broker.