It’s a common question that Pikes Peak realtors hear every year, but it is more relevant this year than ever – “How confident are you that 2012 will be the turnaround year for the Colorado Springs real estate market?”  Compared to other cities and towns throughout the U.S., the Pikes Peak region has been less severely impacted by the housing crisis, but that fact may not offer much reassurance to a homeowner who has already lost money on their investment.

The good news is that the real estate market in Colorado Springs has been mentioned frequently in the news as being one of the top markets in the country poised to make an early recovery.  While analysts have not been able to pinpoint a date or time that this will happen, many homebuyers have been sitting on the sidelines waiting for the market to recover.  Back in August 2011, an article on this blog entitled “Pikes Peak Realtors Have Something to Smile About,” provided an update on what the media has been saying about the region, including news organizations like CNNMoney and sports magazines like Outside, just to name a few.  These media outlets have singled out the Colorado Springs region for its resilience and its economic vitality, despite the economic downturn, and it credits these accomplishments to a strong military presence and growing technology sector.

For buyers coming into the market from other areas, it may be hard to comprehend the natural beauty that draws people to Colorado Springs, but Pikes Peak realtors hear it all the time.  It is not uncommon for people to visit the ‘Springs on vacation and decide that this is where they want to live.  Not only does it offer the ideal weather for year-round activity, but the surrounding mountains are a beautiful backdrop for everyday life.  In addition to the inspiring scenery in Colorado Springs, the choice of housing is far more diverse than in many other areas of the country.

All of this interest in Colorado Springs is enough to make Pikes Peak realtors keep smiling into the New Year as they await continued growth in new home sales.  If the April 2011 article, “Top 10 Early Turnaround Towns from Realtor.com” is correct, this seventh-ranked city will see a continued spike in sales in 2012.

Pikes Peak realtors are looking forward to another year of sales growth and they have plenty of reasons to be optimistic about what the busy spring and summer months will bring, so don’t let the cold weather keep you from searching for a new home.  Now is the time to take advantage of the best opportunities in Colorado Springs.

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