Relocating To or From Colorado Springs? Adjusting For Cost Of Living Differences After A Non-Local Move

How far will your dollars stretch when looking ot relocate to or from Colorado Springs?

Looking to relocate to Colorado Springs … or away from here? Moving to a new metropolitan area requires adjustments.  There’s new streets to learn, new weather patterns to get used to, and new social cultures to assimilate.

There’s also new costs.

Just like home values vary by area, so does the Cost of Living.  To visit a doctor in Chicago, as an example, costs a person more than to visit a similar-type doctor in Des Moines. 

Cost of Living adjustments can’t be ignored between two cities because it changes a household’s budget.

And while it’s a challenge to know exactlyhow far your dollar can stretch in a new town, Bankrate.com hosts a helpful Cost of Living Comparison Calculator to make the math a little easier.  With categories such as dry cleaning, groceries and beauty salon, the calculator goes extra deep into the typical costs to a household, and can help families to make more realistic budgets.

The calculator also shows the equivalent household income between any two metropolitan areas.

[Information provided to the Colorado Springs Real Estate Connection courtesy of the mortgage and real estate professionals at Bring the Blog.]

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Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525




Posted on June 19th, 2009 by Mariana Wagner

Random Real Estate Facts for Colorado Springs Home Buyers

Okay, actually these are random facts for ALL of the United States, but there are a lot of similarities between both national and Colorado Springs home buyers . These are all statistics from the National Association of Realtors® studies and research

  • Nearly one-quarter of first-time buyers are single females who purchased their first home on a median income of $47,400.
    Are YOU a first time home buyer in Colorado Springs? Check out: Use Your $8000 Tax Credit as a Down Payment on Your Colorado Springs Home Purchase!

  • The typical buyer spent $4,350 on home improvement projects within the first three months of their home purchase.
    A lot of home buyers see “potential” in a home and spend money to “make it their OWN” as soon as they close.

  • Repeat buyers typically spend more than first-time home buyers ($5,330 compared to $3,070).
    Many first time home buyers have used up all their “disposable” income just to BUY the home and have little left for “improvements”  whereas more repeat home buyers can use some of the equity they had in their previous home to fix up their new home.

  • Twenty-eight percent (28%) of first-time buyers spent less than $1,000 on home improvement projects.

  • Buyers who purchased new homes typically spend slightly more than those who purchased previously owned homes.
    Some costs associated with a new home purchase include: landscaping, fencing, window coverings and repainting stark white walls with something more …. warm.

[The last 4 statistics were taken from the article: Did You Know: Cost of Home Improvement by NAR (There is a cool chart in this article, too.)]

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Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525




Posted on June 16th, 2009 by Mariana Wagner

5 Most Expensive Colorado Springs Home Sales for May 2009

Here are the Top 5 most expensive Colorado Springs homes that sold in May 2009. These are all custom luxury homes built between 1938 and 2008.

1. 2466 Stratton Pines Point, Colorado Springs CO 80906 - Stratton Pines

  • Sales Price: $1,150,000
  • Date of Sale: 5/20/2009
  • Brokers/Companies Involved:
    Listing: Re/Max Properties
    Buyer: Re/Max Properties
  • Days on Market: 114 Days

Search All Homes for Sale in Stratton Pines, Stratton Reserve and Stratton Forest

2. 640 Paisley Drive, Colorado Springs CO 80906 - Broadmoor

  • Sales Price: $1,050,000
  • Date of Sale: 5/5/2009
  • Brokers/Companies Involved:
    Listing: Re/Max Properties
    Buyer:Re/Max Properties
  • Days on Market: 104 Days

Search All Homes for Sale in the Broadmoor Area

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3. 1585 Old Stage Road, Colorado Springs CO 80906 - Broadmoor

  • Sales Price: $795,000
  • Date of Sale: 5/22/2009
  • Brokers/Companies Involved:
    Listing: McGinnis GMAC Real Estate
    Buyer: Weichert Realtors Pikes Peak Group
  • Days on Market: 598 Days

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4. 13830 Tewksberry Court, Colorado Springs CO 80908 - Black Forest

  • Sales Price: $750,000
  • Date of Sale: 5/08/2009
  • Brokers/Companies Involved:
    Listing: Re/Max Real Estate Group
    Buyer: no information
  • Days on Market: 978 Days

Search All Homes for Sale in the Cathedral Pines, Black Forest

5. 4062 Hodgen Pond Court, Colorado Springs CO 80908 - Settler’s Ranch

  • Sales Price: $720,000
  • Date of Sale: 5/27/2009
  • Brokers/Companies Involved:
    Listing: Keller Williams Clients’ Choice Realty
    Buyer: Alexander Real Estate Group
  • Days on Market: 318 Days

Search All Homes for Sale in Settler’s Ranch

Search All Homes for Sale in Colorado Springs Between $750k - $1M

Search All Homes for Sale in Colorado Springs Between $600k - $750k

Read Also: Top 5 Most Expensive Colorado Springs Neighborhoods for 1st Quarter of 2009

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Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525




Posted on June 2nd, 2009 by Mariana Wagner

Fountain CO Real Estate Market Offers MANY Affordable Homes

The Fountain CO real estate market is a town located south of Colorado Springs and includes some unincorporated areas of Colorado Springs, like Security and Widefield.

According to the recent Colorado Springs Real Estate Journal article “Housing affordability surges to highest level in 18 years” (vol. 1 No. 18) the median household income is about $64,000 a year - which may afford that family a $250,000 home. Therefore, a $250,000 home is considered “affordable”.

Read More: Top 8 Affordable Colorado Springs Neighborhoods for 1st Quarter 2009

How does the Fountain Valley CO real estate market compare?

The Fountain CO real estate market has some of the most affordable homes in the area. Take a look:

  • Median List Price: $163,900
  • Median Sale Price: $161,200
  • Average Sale Price: $159,575

As of May 2009, there are 500 homes for sale in Fountain - What a selection!!

If you are looking to PCS to Fort Carson or move to Colorado Springs, buying a home for sale in Fountain Valley may be a great option!

Check Out:   Fountain and Fort Carson Real Estate Quick Searches

“Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for the period January 1, 2009 through March 31, 2009.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

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Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525




Posted on June 2nd, 2009 by Mariana Wagner

Top 5 Most Expensive Colorado Springs Neighborhoods for 1st Quarter of 2009

According to the recent Colorado Springs Real Estate Journal article “Housing affordability surges to highest level in 18 years” (vol. 1 No. 18) the median household income is about $64,000 a year - which may afford that family a $250,000 home.

Read More: Top 8 Affordable Colorado Springs Neighborhoods for 1st Quarter 2009

Although MOST neighborhoods in Colorado Springs are VERY affordable, there are 5 areas that cater to the more affluent home buyer. (Of course, some of these areas ALSO offer more affordable homes, but this data is based off of median list/sales price info.)

Top 5 Most Expensive Colorado Springs Neighborhoods

1. Black Forest Colorado Springs Homes: The heavily treed areas in northern Colorado Springs and in Academy School District 20.  - Check out the Black Forest Colorado Springs real estate info and home searches

  • Median List Price: $329,999
  • Median Sale Price: $315,000

2. Northgate Colorado Springs and Flying Horse Homes: The northernmost part of Colorado Springs and in Academy School District 20 to include the Flying Horse real estate market.  - Check out the Northgate and Flying Horse real estate info and home searches

  • Median List Price: $329,500
  • Median Sale Price: $314,500

3. Northwest Colorado Springs Homes: North of Garden of the Gods Road, South of the US Air Force Academy and west of I-25 and in Academy School District 20.  - Check out the Northwest Colorado Springs Real Estate information and home searches

  • Median List Price: $274,900
  • Median Sale Price: $274,900

4. Briargate Homes: North of Woodmen Road, South of Old Ranch Road and east of I-25 and in Academy School District 20.  - Check out the Briargate Real Estate information and home searches

  • Median List Price: $280,000
  • Median Sale Price: $273,000

5. Southwest Colorado Springs and Broadmoor Homes: Southwest part of town near the Broadmoor Hotel and Cheyenne Mountain and in Cheyenne Mountain School District 12.  - Check out the Southwest Colorado Springs and Broadmoor Real Estate information and home searches

  • Median List Price: $255,000
  • Median Sale Price: $255,000

As you can see, even the MOST expensive Colorado Springs neighborhoods are still relatively affordable.

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“Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for the period January 1, 2009 through March 31, 2009.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market.”

Search for Homes in Colorado Springs   Colorado Springs Property Values

Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525




Posted on June 1st, 2009 by Mariana Wagner

To begin your search for the perfect home or sell your home in the Colorado Springs area, call Derek and Mariana Wagner at (719) 434-7525.