It’s no secret that Colorado Springs is a great place to invest in or buy a home, but new data suggests that this amazing city is on pace to become one of the hottest housing markets for 2018 according to realtor.com and several other news sources. Already on pace this year to break its home sales record, the Springs will continue to be one of the nation’s hottest housing markets in 2018. Now is a great time for investors, home buyers, and anyone of a similar ilk to purchase homes in the area.
Realtor.com cites the Springs’ proximity to Denver as a big boon to housing sales, as people who work in Colorado’s capital can live nearby for a fraction of the cost. It’s only 70 miles south of Denver, and lots of people commute every single day. So much so that the I-25 highway is extremely crowded on the weekends and it usually takes commuters a whopping 2 hours + to get back home on Friday nights. I should know, I just drove it last week.
But another reason for the high rank: marijuana. Realtor.com cites the legalization of recreational marijuana as a strong reason for the state’s growing economy, though El Paso County, where the Springs is located, doesn’t allow recreational sales.
Market appreciation along with a huge demand for housing has created a whirlwind of hungry buyers who are willing to pay 5 – 10% above the actual listing price to score the deal. We’ve seen similar trends up north, so it’s not surprising to see these types of numbers play out down here in the Springs as well.
Local Real Estate Market Data 2018
The median sales price for homes in CO Springs from May 24 to Aug 23 was $258,400 based on 3,338 home sales. The average price per square foot for the Springs was $176, an increase of 8% compared to the same period last year. This trend will likely continue throughout the entire summer as lack of inventory and hungry buyers spikes pricing even further while the VA writes thousands of loans per month to qualified buyers.
Single-family home sales in the CO Springs, CO area – not counting townhouses and condos – set a record high of 15,318 in 2016, according to Pikes Peak Association of Realtors data. Based on the number of sales each month in 2017, this year’s total should blow past last year’s mark. It’s an extremely exciting time to live and work in the Olympic City, and we should continue to see some steady growth as more buyers move in and big money steps up to take any great investment deals off of the market quickly without any delay.
Should I Sell My Springs House To An Investor?
With this market data in mind, many local homeowners may be thinking that now is a great time to sell their Colorado Springs home, and you can find out more information on the homepage. The answer is that 2018 is a great time to sell your house, especially if you have owned it for several years and have a lot of equity built up in it. If you are ready to cash out and get a fair offer on your home today then please give us a call right now at (719) 286-0053 and one of our home buying specialists will ask you a series of questions to determine exactly how much cash we can offer for your home and how soon we will be able to close.
If you are wondering whether or not your home might be a good fit to sell to an investment company such as ours then please read the guidelines below, and they should help you figure it out.
Situations we can help with:
- Properties that need a lot of repair work. We are professional house buyers and flippers who are experienced in dealing with homes that need a lot of repair work to get back up to full value. It doesn’t matter how much work your property needs, we’d still like to make you an offer that works for everyone involved, so please fill out the form or give us a call right now at (719) 286-0053. You can also text us at that number as well.
- Relocating out of state for work. If you have recently received a job offer and are getting ready to relocate out of state for work then you may want to seriously consider selling your house privately for cash to an investment company such as ours. We have helped a lot of people who wanted to move quickly, whether it’s to get out of the cold Colorado winters and escape to somewhere tropical, or for work, as outlined above. Whatever your reasoning, we can make you a fair cash offer and close fast to let you move on with your life!
- Foreclosure / Pre-Foreclosure. If the bank is breathing down your neck and you need to look for a fast solution to liquidate your home so that you can pay off all loans and liens, then you may want to consider selling your home to a private home buyer. Foreclosure can be a very nasty experience, and it can impact your credit report for several years, so don’t wait, fill out the form below to have one of our home buying associates come out and analyze your property today.
- Divorce. Another unfortunate circumstance that many homeowners in the area find themselves facing is Divorce. Nobody really wants to deal with this when it happens, but sometimes tough decisions must be made. When you really need to move quickly and liquidate your home in the shortest time-frame possible, you will need a reliable home buying company who can move extremely fast without any types of delays or complications. We are that company, and feel free to get in touch with us using the form below to get your fair cash offer within 24 hours.
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