The Colorado Springs housing market continues to break all the records even when the COVID pandemic has not ended. The real estate market has reached record high prices with a lack of homes for sale. The Colorado Springs real estate market is facing a severe lack of inventory, with 50% fewer homes available for sale than at this same time last year. It is a hot seller's real estate market. As of August 2020, the “Months Supply of Inventory” is 0.8, down by 55% from last year.
In August, home sales in El Paso county increased by 13.3% while new listing dropped by – 9.6% year over year. The median sales price has reached a new peak of $380,000, which is + 15.2% higher than last year. Total available properties for sale have shrunk by – 53.5% year over year which amounts to 0.8 months of supply. The latest monthly data by the Realtor.com shows that homes in Colorado Springs sell faster than average compared to other cities in El Paso County. It takes an average of 38 days on market for a home to sell in Colorado Springs.
The median list price of homes in Colorado Springs on their platform is $350,000, trending up 9.4% year-over-year. The median listing price per square foot was $157. The median sale price was $337.5K. Ideally, a buyer would prefer a sale to asking price ratio that’s closer to 90%. The sellers in Colorado Springs have managed to hold good leverage in these negotiations in the past month. On average, they could sell homes for 100% of the asking price. A seller would always prefer scenarios that can yield a ratio of 100% or higher. The detailed analysis for the Colorado Springs real estate market (single-family homes) from April to date is given below.
Let’s talk a bit about the Colorado Springs area before we discuss what lies ahead for investors and homebuyers. The Colorado Springs real estate market gets overlooked in favor of bigger markets like Denver. However, Colorado Springs has several things in its favor for residents and real estate investors alike. Colorado Springs sits on the eastern side of the Rocky Mountains. Colorado Springs contains nearly half a million people. The Colorado Springs metropolitan area is home to around seven hundred thousand people.
The Colorado Springs area is seeing continual, rather fast growth. Colorado Springs real estate has continued to appreciate faster than most of the markets in the US. Conditions in the Colorado Springs real estate market seem to be in a sustainable, upward direction and show no signs of slowing down. Inventory is low and prices are increasing at a steady pace. The local economy is strong and mortgage rates remain low.
Is Colorado Springs going to be a sizzling real estate market for investors in 2020 & 2021? Colorado Springs real estate appreciation rate in the latest quarter was around 1.5%. However, it is quite unclear whether it would remain steady or not. Looking at the positive forecast, the annual appreciation rate is predicted to be between 6% to 17%. You can either choose to invest in your future or market your home to potential buyers. In this article, our focus will be on the current state of the Colorado Springs real estate market and how it can affect the investors and home buyers.
Colorado Springs Housing Market Prices & Trends 2020
Analyzing real estate data from multiple sources gives us a much broader perspective of the direction in which a market is moving. We shall now discuss some of the most recent housing trends in the Colorado Springs area from multiple sources and compare them with the past couple of years. We shall mainly discuss median home prices, inventory, economy, growth, and neighborhoods, which will help you understand the way the local real estate market moves in this region.
Colorado Springs is a minimally walkable city with a population of approximately 415,281 people. According to Neighborhoodscout.com, a real estate data provider, three and four-bedroom single-family detached homes are the most common housing units in Colorado Springs. Other types of housing that are prevalent in Colorado Springs include large apartment complexes, duplexes, rowhouses, and homes converted to apartments.
There is a high demand but low inventory in the Colorado Springs real estate market. Housing prices in Colorado Springs are still increasing because of this effect of supply and demand.
Due to the huge demand in housing, the Colorado Springs was one of the nation’s top housing markets in 2019— ranking No. 5 out of 300 metro areas in Realtor.com’s monthly (Jan 2019) hotness index. Realtor.com’s index was based on the number of online views received by homes for sale in each market, which indicates demand.
Before the Coronavirus pandemic hit the nation, Colorado Springs was experiencing record sales each month, and its local economy was doing great. The real estate market was on the verge of breaking all the past sales records. On March 27, the local government issued a mandatory stay-at-home order, which impeded the real estate activity right away. Both home sales and new listings dropped significantly in April.
Here's what housing data looked like in April, which was released by the Colorado Association of REALTORS®. The data is only for Single Family Homes in El Paso County.
- New Listings: 1,240 (Down – 27.2% from last year)
- Sold Listings: 1,092 (Down – 12.2% from last year)
- Inventory of Homes for Sale: 1,354 (Down – 17.0% from last year)
- Median Sales Price: $358,900 (Up + 8.9% from last year)
- Average Sales Price: $391,889 (Up + 4.5% from last year)
- List To Sold Price Ratio: 101.0% (Up + 0.8% from last year)
- Days on the Market: 18 (Down – 41.9% from last year)
- Months Supply of Inventory: 1.1 (Down – 21.4% from last year)
Impact of COVID-19 on the Colorado Springs Housing Market
After April 27th's safer-at-home order, realtors could show homes physically again (with some restrictions). This change ease of restrictions led to the market quickly took off. In May, the Colorado Springs housing market was back to multiple offers on homes in the middle to lower price ranges. Even with the order in place, our local residential real estate sales only dropped by 27% in May.
Here's May 2020 housing market data for single-family homes (El Paso County) from the Colorado Association of REALTORS®.
- New Listings: 1,662 (Down – 10.9% from last year)
- Sold Listings: 1,023 (Down – 29.0% from last year)
- Inventory of Homes for Sale: 1,334 (Down – 29.0% from last year)
- Median Sales Price: $352,500 (Up + 7.1% from last year)
- Average Sales Price: $397,326 (Up + 6.6% from last year)
- List To Sold Price Ratio: 100.5% (Up + 0.2% from last year)
- Days on the Market: 18 (Down – 30.8% from last year)
- Months Supply of Inventory: 1.1 (Down – 31.3% from last year)
In June, the buyer activity bounced back while sellers held back their listings. The inventory fell leading to a rise in prices again. There was a 38% drop in total available homes for sale making it hard for buyers as well. Here's June 2020 housing market data for single-family homes for El Paso County, Colorada.
- New Listings: 1,685 (Down – 4.6% from last year)
- Sold Listings: 1,482 (Down – 3.0% from last year)
- Inventory of Homes for Sale: 1,263 (Down – 38.1% from last year)
- Median Sales Price: $364,100 (Up + 10.4% from last year)
- Average Sales Price: $406,038 (Up + 8.8% from last year)
- List To Sold Price Ratio: 100.7% (Up + 0.4% from last year)
- Days on the Market: 18 (Down – 25.0% from last year)
- Months Supply of Inventory: 1.1 (Down – 35.3% from last year)
In July, the Colorado Springs was completely back on track. It was seen to be recovering from the slum in the 2nd quarter of 2020. It exploded as sales and prices increased year over year. The lack of available homes for sale is increasing prices making it difficult for buyers. Monthly sales numbers for July were 16% higher than this time last year.
- New Listings: 1,736 (Up + 5.7% from last year)
- Sold Listings: 1,739 (Up + 16.3% from last year)
- Inventory of Homes for Sale: 1,329 (Down – 38.2% from last year)
- Median Sales Price: $378,000 (Up + 13.7% from last year)
- Average Sales Price: $428,890 (Up + 14.8% from last year)
- List To Sold Price Ratio: 100.7% (Up + 0.6% from last year)
- Days on the Market: 18 (Down – 18.2% from last year)
- Months Supply of Inventory: 1.1 (Down – 38.9% from last year)
Latest Colorado Springs Housing Market Report
In August, home sales rebounded with an increase do 13.3% year-over-year. On the other hand, the drop in inventory is causing home prices to spike in Colorado Springs.
|El Paso County |
|August||Year to Date|
|Key Metrics||2019||2020||Percent Change||Thru 08-2019||Thru 08-2020||Percent Change|
|New Listings||1,646||1,488||– 9.6%||12,230||11,632||– 4.9%|
|Sold Listings||1,393||1,578||+ 13.3%||9,903||9,792||– 1.1%|
|Median Sales Price*||$3,30,000||$3,80,000||+ 15.2%||$3,25,000||$3,62,500||+ 11.5%|
|Average Sales Price*||$3,69,068||$4,38,226||+ 18.7%||$3,65,734||$4,07,364||+ 11.4%|
|Percent of List Price Received*||99.8%||100.7%||+ 0.9%||100.0%||100.6%||+ 0.6%|
|Days on Market Until Sale||22||18||– 18.2%||30||21||– 30.0%|
|Inventory of Homes for Sale||2,180||1,013||– 53.5%||—||—||—|
|Months Supply of Inventory||1.8||0.8||– 55.6%||—||—||—|
Colorado Springs Real Estate Market Forecast 2020 – 2021
What are the Colorado Springs real estate market predictions for 2020? Let us look at the price trends recorded by Zillow over the past few years. It has a track record of being one of the best long term real estate investments in the U.S. Since 2015, the median home prices in Colorado Springs have appreciated by roughly 47.6%, according to Zillow’s home price index. The home values have gone up 7.6% over the past year and are currently holding at $323,194.
The Zillow Buyer-Seller Index (BSI) considers Colorado Springs a sizzling hot seller’s real estate market. This is computed monthly. According to their index, there exists a limited supply of homes in Colorado Springs, and buyers are forced to compete often resulting in higher prices and/or quicker sales that tend to benefit sellers. In other words, based on the last month’s key housing market indicators, the demand is exceeding the supply, giving sellers an advantage over buyers in price negotiations. There are fewer homes for sale than there are active buyers in the marketplace.
The latest Colorado Springs real estate market forecast (by Zillow) is that the home prices may remain flat – in the next twelve months. This prediction could be due to the short term impact of the ongoing pandemic which has impeded the real estate sales activity in the entire country.
Here is the visual representation of historical Colorado Springs home prices and the latest forecast until March 2021.
Here is a short and crisp Colorado Springs housing market forecast for the 3 years ending with the 3rd Quarter of 2021. The accuracy of the Colorado Springs housing market trend prediction is 75%. Accordingly, LittleBigHomes.com estimates that the probability for rising home prices in Colorado Springs, CO is 75% during this period. If this Housing Market Forecast is correct, home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018.
The change in home prices for Colorado Springs, Colorado is shown below for the three-time periods (data up to 3rd Quarter, 2018). The Colorado Springs Home Price Index has increased for the last 15 consecutive quarters. The highest annual change in the value of houses in the Colorado Springs Real Estate Market was 22% in the twelve months ended with the 2nd Quarter of 1982. The worst annual change in home values in the Colorado Springs Market was -8% in the twelve months ended with the 4th Quarter of 1983.
The highest growth in home values in the Colorado Springs Real Estate Market over three years was 33% in the three years ended with the 2nd Quarter of 2018. The worst performance over three years in the Colorado Springs Market was -10% in the three years ended with the 2nd Quarter of 2011. For upcoming updates, you can visit this page.
|Time Period||Colorado Springs Area Real Estate Appreciation|
|Last 5 Years||45%|
|Last 10 Years||43%|
|Last 20 Years||109%|
The question now is what happens moving forward. These numbers can be positive or negative depending on which side of the fence you are — Buyer or Seller? It is quite evident that the ongoing pandemic has not had any major impact on the Colorado Springs housing market. However, it was quite expected that social distancing, higher unemployment, and lower overall economic activity would constrain real estate activity in the near term. And it did happen from April onwards.
The Colorado Springs houisng market has recovered with records sales in August. The inventory is very low and cannot meet the demand. The inventory of single-family homes that were available for purchase in August represents a decrease of 53.5% when compared to July 2019. The same trend can be seen for townhomes/condos. There were 48.7% fewer condos year over year.
In conclusion, we can say that the Colorado Springs market is so hot that it cannot shift to a buyer’s real estate market, for the long term. In a balanced real estate market, it would take about five to six months for the supply to dwindle to zero. In terms of months of supply, Colorado Springs can become a buyer’s real estate market if the supply increases to more than five months of inventory.
And that’s not going to happen. We can conclude that demand has not only recovered from the COVID-19 pandemic but has reached heights that make it very strong by any historical standard. The real estate appreciation rate in the latest quarter was at 1.55%, which equates to an annual appreciation rate of 6.35%, which is almost the same rate at which prices rose last year. The local realtors also anticipate that home prices would rise due to tight inventory and pent up demand Hence, Colorado Springs real estate market remains strong and skewed to sellers, due to persistent imbalance in supply and demand.
Real estate market forecasts given in this article are just an educated guess and should not be considered financial advice. Real estate prices are deeply cyclical and much of it is dependent on factors you can’t control. Many variables could potentially impact the value of a home in Colorado Springs in 2020 (or any other market) such as big changes in the distressed, new-construction, or luxury home segments. There are also a wide variety of economic and political factors that can and do impact real estate markets. Most of these variables are difficult to predict in advance.
Colorado Springs Real Estate Foreclosures Statistics 2020
As per Zillow's data, in Colorado Springs 0.1 homes are foreclosed (per 10,000). This is the same as the Colorado Springs Metro value of 0.1 and also lower than the national value of 1.2. The percent of delinquent mortgages in Colorado Springs is 0.5%, which is lower than the national value of 1.1%. The percent of Colorado Springs homeowners underwater on their mortgage is 5.7%, which is lower than Colorado Springs Metro at 5.9%.
There are currently 295 properties in Colorado Springs, CO that are in some stage of foreclosure (default, auction, or bank-owned) while the number of homes listed for sale on RealtyTrac is 966. In August, the number of properties that received a foreclosure filing in Colorado Springs, CO was 400% higher than the previous month and 92% lower than the same time last year. As we write this, the zip code with the highest foreclosure rate is 80922, where 1 in every 9956 housing units is foreclosed. 80916 zip code has the lowest foreclosure rate, where 1 in every 14596 housing units becomes delinquent.
|No. of Foreclosures in Colorado Springs||295 (RealtyTrac)|
|Homes for Sale in Colorado Springs||966|
|Median List Price||$349,900 (0% rise vs July 2019)|
Colorado Springs Real Estate Investment
Is Colorado Springs a Good Place For Real Estate Investment? Many real estate investors have asked themselves if buying a property in Colorado Springs is a good investment? You need to drill deeper into local trends if you want to know what the market holds for the real estate investors and buyers in 2020. If you are looking to make a profit, you don’t want to buy the most expensive property on the Colorado Springs real estate market and expect to make a good profit on rents. Perhaps you are looking for a slightly different hold-over, an investment property in Colorado Springs that you might move into or sell at retirement in the future. Either way, knowing your profit potential and purpose is the first thing to consider.
Let’s take a look at the number of positive things going on in the Colorado Springs real estate market which can help investors who are keen to buy an investment property in this city.
Colorado Springs is a Rental Market
Many people know that the Air Force Academy is located in Colorado Springs. However, the student market in Colorado Springs is both larger and more diversified than the military student population. The University of Colorado Springs hosts over twelve thousand students. Colorado College, Colorado Technical College, Remington College, Colorado Christian University, and the University of the Rockies are also located here. This provides a large, diverse student market that rents properties across the Colorado Springs real estate market.
U.S. News and World Report magazine discusses the large retiree community in Colorado Springs. The area’s abundant recreational opportunities and proximity to military services like commissaries and VA facilities explain why more than 10% of the population is retired – many of them military veterans and their families. Peterson Air Force Base sits on the eastern edge of town.
For Airbnb's attractability and business building, there are two huge military bases with Air Force, Naval Academy. Fort Carson, an Army base, is located within the city limits. The infamous Cheyenne Mountain is located just to the west of town. A side benefit of this diverse military market is that the Colorado Springs real estate market enjoys a large, permanent population of renters but without the wild swings that come with the rise and fall of a single military base’s fortunes.
Latest Rental Trends: As of August 2020, the average rent for an apartment in Colorado Springs, CO is $1292 which is a 10.84% increase from last year when the average rent was $1152, and a 2.32% increase from last month when the average rent was $1262.
- One-bedroom apartments in Colorado Springs rent for $1189 a month on average (a 13.54% increase from last year).
- Two-bedroom apartment rents average $1332 (a 10.74% increase from last year).
- The average apartment rent over the prior 6 months in Colorado Springs has increased by $187 (16.9%).
- One-bedroom units have increased by $189 (18.9%).
- Two-bedroom apartments have increased by $212 (18.9%).
According to RENTCafe, 36% of the households in Colorado Springs, CO are renter-occupied. The average size for a Colorado Springs, CO apartment is 837 square feet with studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer more generous square footage. 48% of the apartment can be rented in the price range of $1,001-$1,500 while 36% fall in the price range of $701-$1,000.
The most expensive Colorado Springs neighborhoods to rent apartments in are Briargate, Northgate, and Central Colorado City. The cheapest Colorado Springs neighborhoods to rent apartments in are East Colorado Springs, Southeast Colorado Springs, and Northeast Colorado Springs.
The Landlord Friendly Market Compared to the Rest of the West
Colorado is almost as landlord-friendly as Arizona and Texas, but it is far more landlord-friendly than Nebraska, Kansas, or any West Coast state. Colorado allows you to quickly evict tenants who don’t pay their rent. Once you give them a demand for compliance, they have 72 hours to either pay up or move out. If that 3 day period expires and you go to court, the courts typically side with the landlord. After that ruling, the tenants have 48 hours to leave, and then local law enforcement will enforce the eviction order. Another major point in its favor is that you’re not required to get tenants 24-hour notice before you visit the property.
Short-Term Rental Investment Opportunities
A city that’s within a stone’s throw of Pike’s Peak and the rest of the Rocky Mountains is going to attract tourists. Garden of the Gods is a very famous public park located in Colorado Springs. It was designated as a National Natural Landmark in 1971. It features stunning geological formations, rock climbing, nature trails, and the Garden of the Gods Visitor & Nature Center. Another major attraction is the US Olympic Training Center, located in Colorado Springs. Colorado Springs allows properties to be rent out on a short-term basis, but you must have a short-term rental permit and collect the appropriate taxes.
Colorado Springs’ regulations on short-term rentals are not as stringent, though, as those in nearby “tourist” towns like Breckenridge. Colorado Springs is a very Airbnb friendly city. You can convert your property into an Airbnb vacation rental and rent it out to vacationers and tourists on a short term rental basis. Owning a house near the Gardens of the Gods Park can prove to be a goldmine in building up your Airbnb rental business. For setting up an Airbnb business, there are lots of outdoor attractions, 3 hospitals, the Broadmoor hotel (historic hotel on a lake), 2 cute downtown streets with restaurants (downtown and colorado city), 90mins from Denver, and 2 hours from skiing in Breckenridge.
Their airport offers direct flights to many cities via Frontier & United. You can also co-host clients in Colorado Springs through profit sharing with landlords. You can charge landlords a start-up fee and 20% commission for co-hosting (finding clients and getting the property Airbnb ready). The controversial Airbnb ordinance was passed in November 2018 by the Colorado Springs City Council. Under the ordinance, property owners must apply for a license, pay taxes, and obey neighborhood rules. This came into effect on January 1st, 2019.
Colorado Springs' Strong Job Growth & Demographic Momentum
The Colorado Springs area boasted an unemployment rate of around 3% in 2018, more than a full percentage point less than the national average. People move here for work and the lower cost of living compared to more expensive Front Range cities. Industry sectors hiring people include hospitality and professional and technical services. The latter category is driven by defense contractors in the area.
Despite the very large population over the age of 65, Colorado Springs managed to have a median age of 34, several years below the national average. The tight labor market is drawing people to the area and keeping college graduates in the vicinity. This guarantees demographic momentum as young people stay here to buy homes and raise their own families, fueling demand for the Colorado Springs real estate market.
Colorado prides itself on cultivating high tech jobs like California without the over-crowding or insane housing prices. Yet this has made the Denver housing market unaffordable for many people who work there. One solution for many is living in Colorado Springs and commuting an hour or more each way to work. Another solution that’s more readily available in Colorado than elsewhere is telecommuting.
Realtors in the Colorado Springs housing market are finding people buying houses even on the south side so they can find a property they can afford, then driving in one or two days a week to Denver. Conversely, the high price of a property in Denver is driving many businesses to move or expand south into the Front Range, bringing Denver’s jobs closer to the Colorado Springs housing market.
Steady Property Appreciation Forecast
Population growth in Colorado Springs has been just ahead of new home construction; housing permits in the Colorado Springs real estate market, for example, are not yet back at 2005 levels. This helps to explain why home prices have risen more than 40% in the past five years, though it is one of the most active housing markets in the country. This is partial because Millennials are the biggest group buying houses today, and the Colorado Springs real estate market is already loaded with them.
Millennials prioritize homes in walkable areas with access to public transit, but they value practical, usable homes oversize. This means well-designed condos and duplexes in the right areas are as attractive to them as a large house in the suburbs. However, the limited supply of homes on the market in Colorado Springs is keeping prices increasing faster than the rate of inflation. Ironically, the near-total lack of homes with negative equity in the Colorado Springs housing market has been considered one reason why prices are going up so fast.
Colorado Real Estate Investment Opportunities
Maybe you have done a bit of real estate investing in Colorado but want to take things further and make it into more than a hobby on the side. The Colorado Springs real estate market contains several large populations of renters, many practical reasons for people to move here from the surrounding area and across the country, and long-term factors that will drive growth for years to come. Forget the Mile High City and invest in the Colorado Springs real estate market.
Good cash flow from Colorado Springs investment properties means the investment is, needless to say, profitable. A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt. Therefore, finding a good Colorado Springs real estate investment opportunity would be key to your success.
The three most important factors when buying a real estate anywhere are location, location, and location. The location creates desirability. Desirability brings demand. There should be a natural and upcoming high demand for rental properties. Demand would raise the price of your Colorado Springs investment real estate and you should be able to flip it for a lump sum profit.
The neighborhoods in Colorado Springs must be safe to live in and should have a low crime rate. The neighborhoods should be close to basic amenities, public services, schools, and shopping malls. As with any real estate purchase, act wisely. Evaluate the specifics of the Colorado Springs housing market at the time you intend to purchase.
Some of the popular neighborhoods in Colorado Springs are Broadmoor, Old Farm, Colorado Centre, Kissing Camels, Downtown Colorado Springs, Falcon Heights, Cordera, Wolf Ranch, Rockrimmon, Old Colorado City, Fountain Valley, Old North End, Pikes Peak Park, Briargate and Flying Horse Ranch.
Here are the ten neighborhoods in Colorado Springs having the highest real estate appreciation rates since 2000—List by Neigborhoodscout.com.
- Titus Blvd / Harr Ave
- Fort Carson
- Route 115 / Turkey Canyon Ranch Rd
- Black Forest Hwy / Baker Rd
- City Center
- N El Paso St / E Espanola St
- N Nevada Ave / E Fontanero St
- S 26th St / Westend Ave
- W Colorado Ave / S 26th St
- N Union Blvd / E Dale St
Apart from the Colorado Springs housing market, you can also invest in Denver. Of greater importance to real estate investors in Denver is that the area is growing in population. The jobs are increasing and so are the number of renters. It is the largest and capital city of Colorado, home to roughly 700,000 people. The Denver metropolitan area is home to around 2.7 million people. The population has increased by 1.33% from 2019. The Denver-Aurora, Colorado statistical area is home to about three and a half million people.
It has a low unemployment rate of 2.3% as of Dec 2019, according to the U.S. Bureau of Labor Statistics. A third of the population of Denver-metro area rents. All these are excellent signs of investors looking to buy a rental property in Denver. Despite recent cooling off, there are several reasons to consider long term investment in the Denver real estate market. Shortage of housing for a growing population, a strong economy & increasing jobs have been fueling the demand in the Denver housing market for the past many years.
The Boulder real estate market also puts you in reach of a great job market. The colleges foster high tech startups. That keeps many college grads here after they finish school while attracting students in the first place. However, it is the offices of Big Tech firms like Google and Microsoft that are more attractive.
The Boulder housing market has also been bolstered by the presence of multiple government agencies like the National Center for Atmospheric Research and National Institute of Standards and Technology. This makes Boulder a good place to start a scientific or technical career, especially if your goal is research. It also creates high tech jobs almost immune to the state of the economy. And that's aside from the strong job market in Denver down the highway.
The Fort Collins area is another great market to invest in real estate. The area is growing both as an outer suburb of Denver and for its reasons, making it the fourth-largest city in the state. The city offers an ideal mix of jobs, affordable living, and a decent quality of life that will keep it strong for years to come. Fort Collins and several other cities on the Front Range hit the top ten list due to factors like relatively low cost of real estate in the Fort Collins housing market, high education levels, low taxes, and strong business incentives.
NORADA REAL ESTATE INVESTMENTS has extensive experience investing in turnkey real estate and cash-flow properties. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in Colorado Springs, Colorado.
Consult with one of the investment counselors who can help build you a custom portfolio of Colorado Springs turnkey properties. These are “Cash-Flow Rental Properties” located in some of the best neighborhoods of Colorado Springs.
Not just limited to Colorado Springs or Colorado but you can also invest in some of the best real estate markets in the United States. All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete Colorado Springs turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.
Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. Choosing a real estate professional/counselor continues to be a vital part of this process. They are well-informed about critical factors that affect your specific market areas, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing, and interest rates.
Is It The Right Time To Invest In Real Estate? – The national homeownership rate is on the decline for the first time since 2017. As demographics change and baby boomers retire, you’re seeing Millennials who may not be ready to buy houses. In 2018, Millennials made up about 22 percent of the population in the United States. They’re choosing to rent over buying a single-family home or an apartment. Rising home prices and shortage of starter homes have not left Millennials many choices but to delay homeownership. Moreover, it's even harder to take out a mortgage for those who have student loan debt.
Let us know which real estate markets in the United States you consider best for real estate investing!
Please do not make any real estate or financial decisions based solely on the information found within this article. Some of the information contained in this article was pulled from third party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US. This article aimed to educate investors who are keen to invest in Colorado Springs real estate. Purchasing an investment property requires a lot of studies, planning, and budgeting. Not all deals are solid investments. We always recommend doing your research and take the help of a real estate investment counselor.
Market Prices, Trends & Forecasts
Reasons to Invest in Colorado Springs