Mariana Wagner

What is a Colorado Springs Real Estate Deal?

The average sales price for a Colorado Springs home is $233,070. (Based on MLS data for April 2009)

We get a lot of inquiries from folks who think that the current economy will get them a “great deal”, or a super-cheap house. And although that is true in some parts of the country, Colorado Springs has a relatively stable economy, so the “deals” are not necessarily found in home prices.

See, Colorado Springs is home to 6 military bases, so there is a higher level of economic “balance” than in other areas of the country. I’m not saying that we are not feeling the crunch – just that Colorado Springs will NEVER see the high HIGH’s, nor the low LOW’s that other markets experience (like Florida, Nevada, California …).

Colorado Springs Real Estate Deals

If you are looking for a real estate “deal” they ARE out there. They are just not wrapped in the package of a super-low price. A Colorado Springs real estate deal means that you are getting MORE for your money. Maybe that plain-Jane 4 bed 3 bath home you wanted to buy in 2006, now comes with fresh paint, hardwood floors, a finished basement and a hot tub. Same price – More amenities.

Colorado Springs Cheap Homes

There are only 63 homes in all of Colorado Springs that are for sale under $100,000. (MLS info as of 5/21/2009) Most of these homes are only 1-2 bedrooms and well under 1,000 sf. and many of them also require some degree of fix-up before they are livable.

There are only 92 homes in all of Colorado Springs that are for sale between $100,000 and $125,000. (MLS info as of 5/21/2009).

Compared to the well over 4,000 homes for sale in the Colorado Springs real estate market, this really is not much of a selection.

Search All Colorado Springs Homes for Sale by Price Range

Colorado Springs Average Sales Price By Area

• West: $380,000
• Northgate: $371,918
• Black Forest: $328,032
• Briargate: $314,817
• Northwest: $259,673
• Northeast: $224,685
• Southwest: $219,319
• Marksheffel: $212,279
• Powers: 193,870
• East: $157,025
• Central: $128,801
• Old Colorado City: $127,511
• Southeast: 111,987

Check Out our monthly Colorado Springs Real Estate Market Reports

So, if you are looking for a “deal” you should be willing to spend about $200,000 … but you will get a great house!

“Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for April 1-30, 2009 and May 21, 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.”

May 24th, 2009 by Mariana Wagner | Leave A Comment

This entry was posted on Sunday, May 24th, 2009 at 6:40 am and is filed under BUYERS, Colorado Springs Homes, Colorado Springs Real Estate, Real Estate FAQ's, Relocation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply