๐Ÿก Latest Home Sales and Market Insights for Colorado Springs

Local Real Estate Edition | #25-123 5/3/25

COS Town Tidings #25-123

Real Estate Roundup Edition

๐Ÿก Unlock the Colorado Springs Housing Market: Latest Home Sales and Market Insights - (Gmail will truncate, ๐Ÿ‘‰click to READ ONLINE)

๐Ÿ“ข ATTENTION REALTORS! ๐Ÿ 

๐Ÿ”‘ Finally: Rent Relief in Colorado Springs!

๐Ÿ“ข ATTENTION MORTGAGE BROKERS!

๐Ÿค” Is the Fed Slowing Your Home Plans? Hereโ€™s Why

๐Ÿ“† Local Events

๐ŸŒž COS Weather - Mostly sunny and warm

 

Why did the homeowner take so long in remodeling his home?

๐Ÿ‘‰He had trouble with da siding (deciding) ๐Ÿคฃ

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Real Estate Roundup

๐Ÿก Unlock the Colorado Springs Housing Market: Latest Home Sales and Market Insights

 

Black Forest

Properties recently sold ranging from $800K to $2.5M. Click to view Black Forest listings

Briargate

Properties recently sold ranging from $355K to $880K. Click to view Briargate listings

Broadmoor

Properties recently sold ranging from $320K to $825K. Click to view Broadmoor listings

Cimarron Hills (back by request)

Properties recently sold ranging from $205K to $566K. Click to view Cimarron Hills listings

Stetson Hills (per request)

Properties recently sold ranging from $383K to $527K. Click to view Stetson Hills listings

Banning Lewis Ranch

Properties recently sold ranging from $402K to $659K. Click to view Banning Lewis Ranch listings

Mountain Shadows

Properties recently sold ranging from $445K to 1M. Click to view Mountain Shadow listings

Old Colorado City

Properties recently sold ranging from $285K to $1.1M. Click to view Old Colorado City listings

Downtown Colorado Springs

Properties recently sold for $460K. Click to view Downtown Colorado Springs listings

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๐Ÿ“ข ATTENTION REALTORS! ๐Ÿ 

Are you a local realtor (or know one) wanting to become one of our experts? Our subscribers want to hear from YOU directly! Or are you selling a home or property? We can also list open houses. Inquire for sponsorship details at [email protected] 

๐Ÿ”‘ Finally: Rent Relief in Colorado Springs!

Rent Relief in Colorado Springs

After a decade of rising rents, Colorado Springs renters are seeing some welcome relief. A wave of new apartment construction has led to an increase in vacanciesโ€”now at 13.5%โ€”which is driving down average rent prices to $1,375, saving renters about $684 per year compared to last year.

While apartment availability is high, demand remains strong, with a record number of rentals taking place in early 2025. The outlook for renters remains positive for now, though the longer-term future is still uncertain. *Source

 

Wild Birds Unlimited

 

๐Ÿ“ข ATTENTION MORTGAGE BROKERS!

Are you a mortgage broker and want to become one of our experts? Inquire for sponsorship details at [email protected]

๐Ÿค” Is the Fed Slowing Your Home Plans? Hereโ€™s Why

Mortgage Application

Mortgage rates are inching down from their recent highs but remain stubbornly in the mid-6% range. While the Fed is forecasting a couple more rate cuts this year, experts warn that mortgage rates may not follow suit. Buyers hoping for better deals might not see major changes, and those who already locked in low rates during 2020โ€“2021 likely wonโ€™t benefit from refinancing now.

Still, modest rate drops could provide some relief, and refinancing activity has shown early signs of life. If youโ€™re ready and able to buy or refinance, experts suggest making a decision based on your own goalsโ€”not the marketโ€™s next move. *Read Source 

 

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The latest Real Estate Roundup issue, focusing on the dynamic and ever-evolving Colorado Springs housing market. Our team has compiled* essential market insights to help you stay ahead in your real estate endeavors. *Data source: Redfin