Colorado Springs Home Values
At Action Team Realty, we know your home is greatest asset.
Three decades of experience in the local real estate market has helped us become the experts on Colorado Springs home values.
If you are selling your home or considering a sale in the near future, you know how important it is to keep an eye on any changes in Colorado Springs property values. The nationwide housing slump has created sweeping changes in virtually every real estate market in the country, and each area is recovering at its own pace. Thankfully, Colorado Springs home values have been rebounding more quickly than previously expected.
At Action Team Realty, it is our goal to get your home sold as quickly as possible, and at the highest price, without over-pricing or under-valuing your home. Because we have a thirty-year history in the Colorado Springs real estate market, we are able to accurately assess the value of your home in light of present inventory and market conditions, to arrive at the best pricing strategy for your home.
Pricing your home right is essential. That’s why we take the time to educate our clients about how they can increase the value of their homes. In addition, we spend time advising our clients on the entire sales process, from proper staging and marketing to final negotiations, taking into consideration your personal objectives.
Current Colorado Springs House Values
The median home price for a Colorado Springs home was $189,000 as of Q2, 2009, according to CNN Money.com, which was 12% less than in the second quarter a year earlier. However, the same survey predicts a faster rebound for Colorado Springs home values than originally anticipated. In fact, CNN Money predicts that the Colorado Springs housing market will see only a 1.9% decline between the second quarter of 2009 and 2010.
For the sake of comparison, the prediction for Denver is a 7.8% decline during the same time period. This is encouraging news for sellers in Colorado Springs, but the rush is on to meet the deadline for the Federal First-time Homebuyer Tax Credit, which expires on November 30th of this year. Many real estate experts expect home prices to fall after the $8,000 tax credit for new homebuyers expires, because the demand is likely to slow down between December 2009 and March 2010.
Colorado Springs delivers value for buyers
Even with the complexities that still exist with regard to Colorado Springs property values, and a sluggish economic recovery, Colorado Springs is still a great place to be selling a home in 2009. The average 2,400 sq. ft. house is an affordable $240,000. Considering the desirability and economic stability that Colorado Springs delivers, most homes are still within reach for middle-income families.
At Action Team Realty, we are familiar with the fair market values for every neighborhood, from Broodmoor to Black Forest, and Fountain Valley to Northgate. Our superior understanding of the market and Colorado Springs home values allows us to advise you on pricing your home to sell at the highest possible price in the least amount of time. We look forward to sharing our knowledge with you!