If you tune into the news, all you hear is doom and gloom about the real estate market.  Admittedly, there are many areas for concern if you’re in the housing market, but there are also some great opportunities out there.  Take real estate in Colorado Springs, for example.  This is one of the few cities in America with a great story to tell. One reason for this is the media’s constant attention.  No sooner did Colorado Springs get listed among the “Best Recovery Bets” by CNNMoney.com; it was chosen as one of the ten best cities for college grads by Kiplinger’s. 

In their recent listing of best cities for recent college grads, Kiplinger’s chose cities like New York, Baltimore and Charlotte as the top three, followed by Colorado Springs.  In the Kiplinger’s profile, Colorado Springs was shown to have grown the average household income by 3.4 percent between 2005 and 2009.  While unemployment remained higher than the national average, the article emphasized the city’s vibrant technology sector and low cost of living.  Just last year, Colorado Springs made plans to add another 1,398 jobs in IT, higher education and banking, with starting salaries averaging $36,900.  Some of their larger employers include Verizon Communications, FedEx and Hewlett-Packard.

For grads that are looking to rent an apartment rents are still very low, with the average apartment just over $800 per month. However, it makes sense for grads with a decent job to consider buying real estate in Colorado Springs.  Now is a great time to get a deal on properties in Manitou Springs or Old Colorado City.  Even downtown Colorado Springs, which ranks among the nation’s “fittest cities”, offers a walkable 9-block radius.  Nearby attractions include world-class skiing, whitewater rafting, 118 miles of urban bike trails, and mountain climbing. 

Real estate in Colorado Springs is also buoyed by the constant influx of military service members to the area.  There are five robust military bases in this Colorado town, including Fort Carson, the Air Force Academy and NORAD.   As soldiers and military personnel move in and out of Colorado Springs with their families, it keeps the demand for housing higher than most other markets.  This keeps real estate in Colorado Springs from depreciating too much and will aid in the ultimate recovery of the market.

For information about buying or selling real estate in Colorado Springs, speak with a realtor from Action Team Realty.