July saw another active month in the Colorado Springs real estate market. The COVID-19 pandemic and zombie apocalypse isn't having any real affect on the housing market in Colorado Springs. In fact, it was a bit of a perfect storm! Buyers were able to take advantage of record low interest rates and sellers were able to take advantage of record low inventory.

• In July, the total number of closed sales was 1825, up 4.1% from 1753 in June.
• The median sales price in July increased to $365,000. Up 4.3% from $350,000 in June.
• Average days on the market in July remained unchanged at 17 days.
• The average list price in July was $416,280, up 0.14% from 415,680 in June.
• The total number of new listings in July was 1958, up 6.2% from 1844 new

Great starter home or investment property! Move in ready with designer finishes and recent updates including new interior paint and new carpeting! Stainless steel kitchen appliances, vinyl windows, six panel doors, tile floors in kitchen, dining area and bathroom. Open layout, plenty of light and a great floor plan. Attached 1-car garage, low maintenance yard with a beautiful flower bed and fencing in the front and rear. Centrally located, close to public transportation and military bases.

DETAILS:

• $225,000
• 3 Bedroom, 1 Bathroom
• 978 Square Feet
• Close To Military Bases
• Bonus Laundry Room
• Recently Updated
• Move In Ready!

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Contact Brian Pfeffer for A Private Viewing 719.576.4242

Great starter home or investment property! Beautiful hardwood and solid surface flooring throughout. Large kitchen with eat-in dining area, huge fenced back yard with a covered patio, 1-car attached garage. There is a 10x10 bonus room behind the garage with a large laundry area - mud room - pet area. Recent improvements include a new furnace (2013), new service panel (2016), new sewer line (2016). The current roof will also be replaced before closing!

DETAILS:
$230,000
2 Bedroom, 1 Bathroom
847 Square Feet
Close To Military Bases
Bonus Laundry Area
Peaceful Neighborhood
Widefield School District 3

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Contact Brian Pfeffer for A Private Viewing 719.576.4242

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Despite the crippling COVID-19 pandemic, the Colorado Springs real estate market is healthy. Stay-at-home orders have reduced foot traffic, but buyer demand is still strong and the inventory of homes for sale in Colorado Springs remains low.

Although the momentum has slowed, we’re still helping customers buy and sell homes in Colorado Springs! The only thing that has changed is the process. Safety measures may seem restrictive, but they are in place to help protect both buyers and sellers.

Is Real Estate an Essential Service?

Are real estate transactions (buying and selling) considered “essential” in Colorado amid the COVID-19 stay-at-home order? Yes! All real estate activities that are related to the transaction (including closings,

Many people call Colorado Springs home for multiple reasons whether it be the beautiful landscape, job opportunities, military transfers, or thriving business sector. It isn’t any wonder that U.S. News and World Report ranked Colorado Springs second in its “Best Places to Live” list. According to data from the U.S. Census Bureau, Colorado is the seventh fastest growing state in the country. If you’re interested in moving to Colorado, you’ll be pleasantly surprised to know that there are numerous local, state, and national down payment and mortgage assistance programs available to Colorado home buyers.

Many people feel they cannot afford to buy a home in Colorado Springs because they think they’ll need thousands for a 20% down payment or need an

Beautifully remodeled 5 bedroom home with a main level master! Central air, security system and washer and dryer included! Open layout concept on the main level with a finished basement featuring a large family and game room area. This home has 3 full bathrooms, oversized laundry room, refinished cabinetry + doors and trim, pro designer finishes including custom tile flooring throughout the main level. Covered porch, newer storage shed, finished garage, plenty of natural lighting and a great location near military bases!

DETAILS:

• 5 Bedroom, 3 Bathroom
• 2218 Square Feet
• Close To Military Bases
• Professionally Remodeled
• Peaceful Neighborhood
• Widefield School District 3

 
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Contact Brian

Ranch style floor plan in Security with hardwood flooring through out, on demand hot water heater and additional living space in the recently converted garage! Great opportunity for investors looking for an easy flip or a home buyer looking for a fixer upper!

DETAILS:

• 3 Bed, 1 Bath
• 1188 Square Feet
• Perfect For Investors Or Fixer Upper
• Located Just Minutes From Fort Carson
• Peaceful Neighborhood In Widefield School District 3

Contact Brian Pfeffer for A Private Viewing 719.576.4242

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Great home on a quiet street with many recent updates! Comfortable 4-Level layout with a wood burning stove. Big back yard with wonderful views of the front range from the covered deck.

Details:

• 4 Bed 3 Bath 2 Car

• 2561 Square Feet

• District 20 Schools

• Recently Updated

• Large Back Yard

• Beautiful Mountain Views

CONTACT BRIAN PFEFFER for A Private Viewing 719.576.4242

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Sometimes qualifying for a traditional loan can be cumbersome with restrictions on credit and income. USDA loans are ideal for first-time Colorado homebuyers or anyone who has saved less than 20% for a down payment. USDA loans come with fixed interest rates and no money down.

Those with less than perfect credit scores will be relieved to know that the USDA has flexible credit guidelines. No assets are needed to qualify so you won’t have to worry about putting property up as collateral.

The USDA offers loans to people making low to moderate incomes, living in areas with smaller populations. These loans are backed by the U.S. government, so lenders are more open to lower credit scores and lower incomes. The lender knows that their money is safe

What a great house to call Home! built in 2013 and features over 3000 sq ft - including 5 HUGE bedrooms! This home is located on a quiet street and backs up to Sand Creek, offering plenty of privacy.

DETAILS:

• 5 BED, 3 BATH, 1 CAR GARAGE

• 3082 SQUARE FEET

• Oversized Bedrooms And Living Spaces

• Walk Out Basement

• Privacy with Mountain Views

CONTACT BRIAN PFEFFER for A Private Viewing 719.576.4242

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