Randy Ferguson

Colorado Springs Real Estate

Colorado Springs Homes

A home purchase is one of the most important decisions one makes in a lifetime. Not to mention, one of the spendiest. Where to start? Begin by educating yourself on the ins-and-outs of the Colorado Springs and Pikes Peak markets. Browse through these pages, where I share information Realtors know about the real estate process, our various sub areas and neighborhoods and how to spot a great home. It’s difficult to convey on a website all the information I know which would be meaningful to everybody – so gather follow up questions and feel free to call or email me.

The Pikes Peak real estate market has gotten crazy lately, so selecting the right agent is crucial. Careful, not all real estate agents are Realtors® . Count on the expertise and experience of Randy Ferguson. As a fully licensed Realtor®, trusted member of the community, and long time resident myself, together we’ll find the perfect home to fit your lifestyle.

Little About Colorado Springs Market
Where is the Colorado Springs Market Heading? I am no statistician by any means, but one can't define the market without looking backwards at the prior month's statistics to determine with any certainty where the market is headed.

Great news for the overall market last month partly fueled by the Government Tax Incentive and historical low Mortgage rates falling below 5%, Colorado Springs has experienced a fantastic month. Both the Average Sales Price and Median Sales Price increased 6.8% and 3.9% increased over March 2015.

When comparing the supply and demand the sold inventory has increased 14.2% and the active listings were only up 8.7%. Not very surprising entering the "Summer Selling Season" as inventory historically increases during the summer; but it is to be expected.

While the overall inventory has been higher the last three years many positive elements are on the horizon. Many military personal are starting to return back to Fort Carson and Peterson Air Fore Base. That will have a dramatic impact in the local economy. Factor in the low interest rates and I expect the market to continue heading in a positive direction. Short Sales and Foreclosures are accounting for just over 25% for the home sales so some great opportunities are available for the Buyer currently entering into the market.

Why colorado springs real estate ?

As the city is recovering economically, it’s the right time to invest in property in Colorado Springs. Colorado Springs has something to offer to everyone. It is also a paradise for nature-lovers and is a second home to many tourists all across the world. Colorado Springs real estate is booming and will surely yield excellent returns to any investor or homeowner.

Colorado Springs has shown the fastest economic recovery after the slow down. Analysts suggested higher number of jobs, production output, and repossessed properties for sale and house prices in this region. With corporate giants, Colorado offers very good employment opportunities. Needless to say it offers a fantastic and quality living. This is the right time for investors to benefit from thriving Colorado Springs real estate.
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Colorado Springs Realtor
Featured Listing
Colorado Springs Homes

List Price $325,000

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The Stats for March 2015
  • Active Listings 2,538
  • Median Sales Price $ 225,000
  • Homes Under Contract 2,257
  • Average Sales Price $ 259,352
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