Kathy A. Torline-Nordstrom
ERA Herman Group Real Estate
Serving Colorado Springs
Colorado Springs housing inventory is low Search for all Colorado Springs Homes A big part of the real estate market is all about supply and demand. Too much supply of homes for sale, pricing typically goes down. Too little supply on the market, and prices usually start to increase. There are many other things that factor into house prices, but supply and demand definitely factor into rising prices. The average price of a single family home in El Paso County as of the...Continue Reading!
Homes in Mountain Shadows are in the Northwest Area in Colorado Springs Search for homes in Mountain Shadows Zip Code: 80919 The Mountain Shadows housing market continues to be a BUYERS Market, as there is currently a 7.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Here's a quick summary of the 2014 Real Estate Market for Mountain Shadows as of 10-31-2014 Pricing decreased by 1% Number of homes sold has...Continue Reading!
Veterans love living in Colorado Springs Search for Homes near Fort Carson Trulia recently released a study on where veterans like to live; including an estimates saying that 1 in 12 adults are veterans. Their report shows that veterans are more likely to be homeowners than non-veterans, and since Colorado Springs is surrounded by military bases (Fort Carson, Peterson AFA, Schriever AFA, and the U.S. Air Force Academy ), it already has a large population of active duty military. Also, according to the...Continue Reading!
When can I buy a home in Colorado Springs Search for all Homes in Colorado Springs Many potential Colorado Springs home owners had financial challenges during the recent economic downturn; including filing Chapter 7 and Chapter 13 bankruptcies, short sales, deed-in-lieu, and foreclosures. The rules vary vastly, but many potential home buyers interested in purchasing a home in Colorado Springs, may now be able to re qualify for a loan. Some people in the business refer to the potential homeowners that...Continue Reading!
Garden of the Gods, a registered National Landmark in Colorado Springs Search for homes on acreage in the Colorado Springs area Garden of the Gods is one of my favorites places in Colorado Springs. It is truly magnificent, regardless of the time of the year. Hope you enjoy some of the recent shots I took while hiking the park with my grandkids. There are over 15 miles of trails in the park, and one of my favorite trails starts from the main...Continue Reading!
Colorado Springs Days on Market I often hear this statement from Colorado Springs home buyers, "The property has been on the market for 200 days, I don't want to see it. There must be something wrong with it." With all of the information available to consumers, more and more buyers pay attention to the Days of Market listed in the property details reports available in the Multiple Listing Service (MLS.) The importance of days on market can vary from area to area, and...Continue Reading!
Foreclosures in the Colorado Springs area continue to decline in 2014 Search for all Colorado Springs Homes As the Colorado Springs real estate market and economy has continue to improve in 2014, foreclosure2 have continue to decline. The latest numbers from the El Paso County Public Trustee shows that there is a drop of almost 28% in August compared to August of the previous year, and year to date numbers are trending lower than in 2013. Year to date as of July 2014 ...Continue Reading!
How big are Colorado Springs homes? Search for all Colorado Springs Homes The median size of a house in the U.S. currently stands at 2,478 sq. feet. And it's important to note that the median size has continued to increase in the U.S. since 2012 as the real estate market has started to rebound. The average size of a home in Colorado Springs is 2,469, very close to the National Average and the average price for homes sold in the first...Continue Reading!
Colorado Springs is a sellers market, buyer's need to be prepared Search for all homes in Colorado Springs There are some neighborhoods in Colorado Springs that are currently in a "seller's market, and it's competitive for buyers. As an active Buyer's Agent in Colorado Springs, I almost except to be in a multiple offer situation when I'm submitting an offer for a buyer. Here's some tips that I've discovered along the way for buyer's: Be prepared to offer full-price, if not more, especially if...Continue Reading!
Wind farms are going strong in Colorado As I was driving home the other day, I saw a train go by with wind turbines on it. It's not unusual to see wind farms in Colorado and I suspect that we'll continue to see more and more of them as they become easier to install and maintain. Here's some interesting facts about Wind power in Colorado and the Colorado Springs area: Colorado ranks 10th for number of utility-scale wind turbines. 13.8% of Colorado's electricity is...Continue Reading!
Zillow, Trulia, and Colorado Springs and real estate Search for all homes for sale in Colorado Springs The big news in Real estate this week is the announced merger between Trulia and Zillow; essentially Zillow is purchasing Trulia. The 2 companies have competed head to head for the last several years, and even though they have differences, they were very similar. Zillow seems to attract more potential sellers, because of their Zesstimate feature, and Trulia's buyer friendly web site seems to attract more...Continue Reading!
Awards for Colorado Springs continue to come in If you’d like a FREE Relocation Package, sent to you, call or Email Kathy at [email protected] Colorado ranked 2nd Best State to Retire - Some of the factors considered were weather, access to health care, cost of living, crime, and taxes. The #1 choice was South Dakota, and Colorado was then rated #2. The state got especially high marks for cost of living, crime rate, health care quality and taxes. Colorado Springs ranked 5th for...Continue Reading!
Colorado Springs Housing Market Report for Northgate Homes, Single Family Neighborhoods Include:Wildwood, GlenEagle, Flying Horse Zip code 80921 Search for homes in Northgate area of Colorado Springs Related Articles: June 30, 2014 Colorado Springs Real Estate Market Trends Here's a quick summary of the Real Estate Market for Northgate Colorado Springs for the first 6 months of 2014. Pricing has continued to increase in 2014 Number of homes sold in 2014 is on pace with 2013. Least Expensive Sale in area: Address: 735 Diamond Rim Area: Greyhawk Square Footage: 1,527 Price: $210,000 Most...Continue Reading!
Colorado Springs Real Estate Market Trends As of June 30, 2014 Search for all homes for sale in Colorado Springs Single Family Homes for Sale as of June 30, 2014: 4719 Single Family Homes under contract as of June 30, 2104 1364 # of Homes sold in June 2014: 899 # of Homes sold in June 2013: 1114 Average Sold Price in June 2014: $266,211 Average Sold Price in June 2013: $258,119 Average Days on Market in June 2014: 81 Average Days on Market in June...Continue Reading!
Colorado Springs love their parks! Search for homes on acreage in the Colorado Springs area If you are new to Colorado Springs, or just getting to relocate to the area, and want to know where you can take your dog off-leash, the Trails and Open Space Coalition has a brochure that lists and maps dog parks and leash free areas in Colorado Springs. Here's a link to the PDF File; trailsandopenspaces.org/dog-parks. The brochure includes a map and a brief description of the...Continue Reading!
Monument Housing, Single Family Homes Neighborhoods Include: Palmer Lake, Woodmoor, King's Deer, Jackson Creek Zip code 80132 Search for homes for sale in Monument Here's a quick summary of the Real Estate Market for Monument area for the 1st 5 months of 2014 Pricing has continued to increase, and has now increased by 4% from 2014 to 2013 Number of homes sold per month is 38.4 , which is a decrease from last year which averaged 44.8 a month. Neighborhoods Jackson Creek: Average Price $300,176 --- Price...Continue Reading!
Fourth of July celebrations in the Colorado Springs area Search for all Home Listings in Colorado Springs I'm often traveling someplace over the Fourth of July weekend, but this year I'm going to be in town. As I started to research different things to do over the Fourth, it inspired me to write a Fourth of July post and share it with my readers. Where: Memorial Park in Colorado Springs Colorado Springs Symphony orchestra performance Time: Park opens at 5:30pm, concert at 7:30pm Where: Cripple Creek...Continue Reading!
Do you really want the refrigerator? Search for all MLS Listings in Colorado Springs There are many different things a buyer can ask for when writing a contract to purchase a home in the Colorado Springs area, and I often have buyers who want the washer & dryer, as well as the refrigerator included with the home. Granted, purchasing new appliances aren't cheap, and I'm amazed at how much money you can spend on them. But I also advise buyers to think about...Continue Reading!
Black forest rebuilding in full force It's almost been a year since the Black Forest Fire that occured in 2013 and the area is well way under way to being rebuilt and renovated. I was recently driving through the area, visiting my favorite local yarn shop, the Table Rock Llamas and quickly snapped some shots while I was there. The fire burned over 14,000 acres, destroyed over 500 homes, killed 2 people, and was considered the most destructive fire in Colorado's...Continue Reading!
The Big Turnoffs Buyers continue to be cautious when purchasing a home in Colorado Springs. They saw the mistakes that people made during the top of the market in 2006 and they don't want to repeat the same mistakes. They want to make sure they are getting the best value they can. And they know that house values don't always go up, so even though many markets and areas have recovered in Colorado Springs; some areas still haven't recovered to their...Continue Reading!