Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

All statistics are courtesy of Empire Title of Colorado Springs.

July 16, 2020

3 Mistakes You Need to Avoid as a First-Time Home Buyer


Landing a great job, buying a home, and starting a family is something most adults dream of. Making these dreams a reality will require a lot of hard work. Buying a home is something over 5 million Americans do each year. A number of factors should be considered before buying a new home. 

Rushing through this process can lead to a case of buyer’s remorse. Whether you are in the market for a pre-existing or a newly constructed home, working with a knowledgeable real estate agent is imperative. These professionals can help you find the right home to fit your needs. Below are some common mistakes you need to avoid as a first-time homebuyer. 

1. Failing to Get Pre-Approved For a Home Loan

The main thing you need to know before going out to look at homes for sale in your area is what you can afford. If you don’t have a budget in place before starting the house-hunting process, you run the risk of over-extending yourself financially. Getting pre-approved for a home loan is a great way to avoid this common problem. 

With the help of a reputable lender, you can figure out how much house you can actually afford. Before choosing a particular mortgage lender to work with, be sure to do your homework. Choosing a lender with a great track record and plenty of positive online reviews is crucial when trying to get a mortgage with a low-interest rate. 

2. Forgetting to Check Your Credit Report

Getting approved for a home loan is more challenging than most people realize. Most mortgage lenders have very strict standards when it comes to credit scores and debt to income ratios. If you go into apply for a mortgage loan without checking your credit report first, you run the risk of paying a much higher interest rate. 

This is why you need to thoroughly look over your credit report beforehand. By doing this, you can figure out how to increase your credit score before applying for a home loan. If there are inaccuracies on your credit report, getting them removed is crucial when trying to avoid paying high-interest rates. The time you invest in improving your credit score will pay off when you are able to get a competitive mortgage interest rate. 

3. Trying to Find a Home Without Professional Help

Narrowing down the selection of homes for sale in your area is complicated. Attempting to find and purchase a home without the help of a real estate agent is a recipe for disaster. Allowing a real estate agent to help out is essential when trying to get a great deal on your dream home. 

Are You in the Market For a New Home?


If you are ready to become a homeowner, contact Best CS Homes. Using our online system will allow you to view all of the homes for sale in the Colorado Springs area.

June 24, 2020

An Important Decision: 3 Things to Consider Before Buying a New Construction Home

An Important Decision: 3 Things to Consider Before Buying a New Construction Home

On average, 1.2 million new homes are built in the United States annually. Generally, people who invest in new construction homes will have very specific needs they want to be filled. In some cases, these needs cannot be met with a pre-existing home, which is why having a home built from scratch is crucial.

As more and more subdivisions and communities sprout up all over Monument, Colorado Springs, and the surrounding areas, more buyers are looking for a good deal on new construction homes. If you are in the market for a new construction home, be sure to consider the following factors before making a purchase.

1. Get To Know About the Home Builder

There are a number of companies in the Colorado Springs area that specialize in building new homes. Each of these companies has a different approach to these builds. Rather than settling on the first builder you find, take your time to find out as much as you can about each company. Generally, a new home builder will have an extensive portfolio they will want to show you.

These portfolios will provide you with a glimpse into what a builder is capable of. Most people in search of a new construction home have very specific ideas about how it should look. Finding a new home builder that can bring the vision of your dream home and make it a reality is not easy.

2. Take a Look the Model Home

When setting up a new residential subdivision or community, the first thing a developer will do is build a model home. This home is designed to show-off a builder’s work and give potential buyers an idea of what perks are available. You need to realize that most model homes are equipped with all of the upgrades available from a builder. The more perks and upgrades you put into your new construction home’s floor plans, the more money you will have to pay for this home.

If you are operating on a very tight budget, you need to be logical when it comes to choosing the floor plan for your new construction home. With the right builder, you should have no problem getting a great deal on a well-appointed new home.

3. The Right Real Estate Agent is a Must

Navigating your way through the world of new construction homes is not as easy as it may sound. Avoiding problems during this home buying process is possible, but only with the help and guidance of an experienced real estate agent. Ideally, you want to choose a real estate agency that is familiar with new construction homes.

Choosing an agency with this type of previous experience will help you find the home of your dreams. Your real estate agent can help you negotiate a better price on your home and look over the closing paperwork to ensure everything is in order.

It’s Time to Make a Move!

If you are tired of renting and want a home of your own, it’s time to reach out to the team at Best CS Homes.

May 20, 2020

Best Kitchen Additions for Markets: Colorado Springs Real Estate

Best Kitchen Additions for Markets: Colorado Springs Real Estate

Let's talk about the best real estate strategies. Some aspects of winning real estate strategy involve knowing your neighborhood and having the diagnostic tools to compare properties. That's where we come in. At BestCSHomes, our unique website dashboard system helps you to search neighborhoods at a glance, and that gives your real estate search a big boost!

That's not all, though. Other aspects of good real estate strategy involve looking at properties strategically and figuring out which components provide the most value. That's your side of the game – where your creativity and innovation can shine.

For example, let's talk about kitchens and real estate value.

What elements of the kitchen add the most value?

Here's some of what we have found in talking to successful real estate investors about what they do in hot markets and fine-tuning their buying and selling approaches.

Modern Appliances

Of course, modern appliances go a long way.

Sometimes the appliances stay with the previous occupant and get moved out before settlement. But many times, they convey with the home, and that can bring additional value. When you have a high-quality dishwasher and a modern refrigerator and other appliances installed, the kitchen has more value as a whole, not just visually, but also in the asset that the buyer is buying. Add smart home technology to the mix, and you're improving the value of your property to prospective buyers. A lot of this gear can be showcased by a good agent, so it's important to make these investments, acquisitions, and concessions part of a dedicated strategy.

Gas Range and Hood

Some of the highest value kitchens have high-end gas ranges with a high-quality restaurant-grade range hood to catch the heat and vapor as they arise.

These installations can provide value as well as excellent staging for a property, together with high-end fixtures and accessories such as hanging kitchen racks that can dress up a kitchen for optimal curb appeal.

Kitchen Cabinets

If you're looking at providing optimal value for a property's kitchen, do not neglect the cabinets. Real estate experts have found that a new set of cabinets can provide an excellent return on investment because buyers and agents tend to integrate the cabinetry values into the home sale price.

Look for all of these signs of quality in a kitchen, and think about them if you are staging a property for resale. We'll help you find great properties within the Colorado Springs area!

May 13, 2020

April 2020 Colorado Springs Housing Statistics

2020 YTD vs. 2019 YTD - Empire Title's Summary Page for APRIL 2020 MLS Stats.

  • Average Price UP  9.3%
  • Median Price  UP 10.2%
  • Residential Units Sold  UP  .05%
  • Inventory Levels DOWN  18.7%
  • Number of Listings  DOWN  15.8%
  • Average Days on Market: REDUCED to 20 days
  • Interest rates DOWN  3.23%

*This information is deemed reliable, but not guaranteed. It is intended to show market trends and should not be used to evaluate individual properties. Sources for this information include but are not limited to: El Paso County Clerk and Recorder, El Paso County Public Trustee, Empire Title of Colorado Springs LLC, the Pikes Peak Multiple Listing System

Posted in Housing Statistics
April 22, 2020

Home Inspection Deal Breakers You Need to Know About

Home Inspection Deal Breakers You Need to Know About

Did you realize that 84% of home buyers request a professional inspection as part of the buying contract? Most mortgage companies will also require these inspections to be performed before funding the loan a person has qualified for. As a home buyer, it is your job to make sure the residence you are looking at is in good shape.

Once the home inspector is done with their job, you will be presented with lots of information. Going through this information with a fine-tooth comb is crucial when trying to make an informed purchase. Here are some home inspection deal breakers you need to look for when looking over the inspection report.


Outdated Plumbing and Electrical Components

When performing an inspection, the main things a professional will focus on is the major systems a home has. The electrical and plumbing systems need to be in pristine shape to avoid issues that can cost a lot of money to fix in the future. If the home inspector finds evidence of plumbing leaks, then you need to second guess your decision to purchase a home. These leaks will generally lead to mold and lots of water damage.

If the home in question has old electrical wiring or an outdated circuit breaker, repairing these issues can be costly. Even if the home seller wants to lower the price on their residence, it may not be worth it. Getting some guidance from a real estate agent is crucial when trying to avoid overpaying for a home.


Older Roofs Can Be Problematic

Ask any construction professional, and they will tell you that a functional roof is the lifeblood of a home. A home inspector will spend a lot of time on the roof of a residence assessing its condition. If their report shows that the roof is old and worn, you may not want to invest in the home.

A new roof can be quite expensive. If the home’s roof needs to be replaced, you need to see if the seller will lower the price to compensate for the cost of these repairs. Allowing a real estate agent to handle these negotiations can help you get the outcome you desire. A real estate agent will know the ins and outs of the housing market and will use this knowledge to get you a great deal.


Walk Away From a Home With Foundation Problems

A home with a damaged foundation will turn into a money pit. If foundation damage is discovered during the home inspection, it is best to take your offer off of the table and continue your search. Fixing these problems can be very expensive, which is why it is best to find another home without these issues.


Looking For Your Dream Home?

Are you searching for the best homes in Colorado? If so, contact us to find out about the listings we have. Our team works hard to help you find your dream home without overpaying.

March 16, 2020

Colorado Real Estate Trends 2020

Colorado is booming, from it’s economy enriched with new businesses and opportunities to its real estate market, the state seems to be enjoying healthy growth. Colorado’s population has steadily increased since 2000, with its job growth more than keeping up with the influx of new residents.


Job Growth Spurs The Real Estate Market

Jobs continue to be added thanks to new industries and technology startups finding home in the state that is lessening its restrictions on niche markets. Colorado's unemployment continues to drop following national trends, and more and more people are purchasing first time homes and properties.


The military remains a big employer with several branches having bases as well as academies in the mile high state. Tourism continues to be a draw to the region as Colorado offers world class outdoor activities in its uniquely stunning setting.


Increase In Millennial And First Time Home Buying

With all of these employment opportunities in Colorado, it is no surprise that the housing market is poised to benefit as well. As the housing market has experienced modest inventory gains, millennial and other first time home buyers are provided more opportunities for purchasing a home than ever before.


Natural Progression For Baby Boomers

Baby boomers and Gen Xers are no longer the dominant forces in buying real estate, ceding that title to the millennials. This group of Americans have a need for homes that are affordable, and tend to choose pricing over location. For this reason, states like Colorado are experiencing an influx of new residents who are choosing to leave expensive coastal states behind for more states that offer a better cost of living.


For Colorado, this trend is not new. In recent years the Denver metro area has witnessed a steady population growth of newcomers who are following the booming job market to a more attractive lifestyle.

As the baby boomer generation prepares for lightening their financial burdens, many of this generation will be choosing to downsize from their large homes to smaller, more manageable houses, leaving behind a host of available homes on the market. According to Market Watch, this trend is expected to add roughly 920,000 homes onto the market each year between 2020 and 2027.


These newly listed homes are in line with what millennials, people between the ages of 23 and 38, are looking to purchase. According to the National Association of Realtors and Sellers Generational Trends Report, these millennials made up 37% of the home buyers in 2019. Understanding these new homebuyer profiles is important to understanding their priorities in purchasing their new homes.


Professional Real Estate Advice

In Colorado Springs, realtors such as Best CS Homes are providing experienced service to those who are ready to downsize and sell their homes as well as to the buyers in search of their perfect first home. These trends will continue to produce an exciting real estate market for residents of Colorado and people who want to make the state their new home.

Feb. 13, 2020

Pricing and Positioning in Colorado Springs Real Estate

Pricing and Positioning in Colorado Springs Real Estate

No matter what real estate market you're in, it can be tough to get all of your questions answered. That's definitely true in the Colorado Springs area, where hot neighborhoods are driving markets to be pretty volatile, and you have a lot of properties to choose from.

At Best CS Homes at HomeSmart Realty Group Elite, we help you to cut through the questions and get to the answers, which is easier said than done when you're looking at a particular real estate deal. Here are some common questions that buyers or sellers have based on market complexity.

What's A Good Price?

This is a hard question to answer, even for a professional real estate agent. Price depends on some very important things. First, it depends on location. You pay for property according to where it's located – how close to a metro area, how close to public transit, what schools are in the neighborhood, etc.

In addition, you pay according to the square footage and amenities of the property, and the condition of the property. You also pay according to the demand for similar properties in the local area.

Sound complex? It is. That's why real estate agents conduct comparative market analysis to show clients what their home may be worth.

What Closing Costs Apply?

Here again, the answer to this question is not as simple as a few words.

Closing costs do apply to any real estate transaction. You have title work and legal processes to go through that generate their own costs. You have the cost of a property inspection and other related costs. Then, if you use a real estate agent, you also have the real estate agent’s commission, which ranges into the thousands of dollars and has quite a large impact on the real estate deal.

All of these closing costs are difficult to cover and define without specific research into a particular property deal. That makes this kind of real estate research difficult.

Where Should I Buy?

Neighborhoods are changing all the time. Without good insight into what's happening in a particular neighborhood right now, it can be tough to make a decision about where to invest.

At Best CS Homes at HomeSmart Realty Group Elite, we help with providing direct insight into Colorado Springs neighborhoods as well as providing other kinds of information. We help property owners to figure out the process of how to sell with or without an agent, and how to buy a house in various scenarios.

Our real estate online service helps buyers and sellers to do the research that support the best informed decisions. Check out our custom market reports for sellers and other tools available on the website, and contact our professionals for more information.

Jan. 21, 2020

Finding Your Dream Home in Colorado Springs

Finding Your Dream Home in Colorado Springs

Moving to a new location anywhere can be a great adventure that many people can look forward to. Whether it’s a job opportunity or just a change of scenery, for some, relocation could be seen as a positive direction in their lifestyle. In recent years, Colorado has seen an influx of new residents excited to begin a new life in this beautiful state. With breathtaking mountains and mesas in addition to incredible opportunities, it is no wonder that Colorado has been voted top ten in ideal states to live in America.

Top Reasons to Live in Colorado Springs

There are many good reasons to live in this amazing state, but Colorado Springs is known for being one of the most affordable. It is also fairly close to the state capital, Denver, so those who need to commute often find that Colorado Springs is perfect for setting down roots. People with families, especially with younger children, can appreciate what Colorado Springs has to offer, because the sense of community is seen as strong and productive. Anyone who can appreciate the suburban life can find a sense of home in this quaint city, while the schools here are considered some of the best in the state. Even if you don’t have children, those with fur babies can also enjoy everything this city offers, as it is very pet-friendly.

The weather is amazing in Colorado Springs. Many people discover that their overall sense of well-being and health improves while living here. With plenty of opportunities to get outside and enjoy the crisp, refreshing scenery, most have learned that living in Colorado Springs can be seen as quite luxurious. Whether you are looking for a place to take in the landscape or interested in a casual location to work, there are ample opportunities available in this homey state.

Depending on what sort of home you are looking for, you are sure to find whatever it is that will suit your needs. Whether you are looking for optimal education for your kids or trying to find the best place to work nearby, it should be quite easy to find the ideal situation for your next great adventure.

Whatever you are looking for in a place to live, there is a good chance you can find it here in Colorado Springs. Check out our listings to see what works best for your lifestyle and see if you can discover a new place to call home.

Dec. 18, 2019

How to Determine the Value of Your Colorado Springs Home

How to Determine the Value of Your Colorado Springs Home

At, we strive to be the best source of homes for sale in Colorado Springs. That means providing homeowners – and future owners with information that will help them make the best financial decisions with confidence.

If you’re wondering what your house in Colorado Springs is worth or what the house you want to purchase is worth you can easily find the answer. Honestly, a house is worth whatever you’ll pay for it. However, it also depends on the market, location, and who you’re asking. But knowledge is power and knowing how to calculate your home’s value with the help of online tools and trained professionals will help better prepare you to buy or sell your home.

Find the Value of Your Home

1.    Use Online Valuation Tools

Dozens of home value estimators appear when you search “how much is my house worth?” In fact, 22% of U.S. homeowners who determined their home’s value used an online estimator such as Redfin or Zillow. These automated valuation model tools (AVMs) are generally used for lead generation and marketing purposes. All buyers and sellers are advised to speak with a professional that knows the area and market for a more accurate estimate.

2.    Get a Comparative Market Analysis

When you’re ready to look into your home value, ask a local professional for a comparative market analysis, or CMA. This is not as detailed as a professional appraisal, but a CMA is typically free and provides a professional evaluation of the home and market to provide an estimate of value, typically for listing purposes.

3.    Hire an Appraiser

Lenders require an appraisal before they’ll approve a mortgage, but as a property owner, you can hire an appraiser to estimate home value at any time – it will just cost a pretty penny! Appraisers evaluate:

  • Market: The region, city and neighborhood in which a home is located
  • Property: Characteristics of the house, including improvements and the land it sits on
  • Comparable Properties: Sales, listings, vacancies, cost, depreciation and other factors for similar houses in the same market

This information is combined with other factors to create a final value for the home and delivered in an official report.

4.    Utilize the FHFA House Price Index Calculator

The Federal Housing Financing Agency’s house price index (HPI) calculator applies a more scientific approach than any AVM. The tool uses the repeat sales method by tracking a home’s change in value from one sale to the next. Then it uses this information to estimate how values fluctuate in a given market.

Knowing your home’s value allows you to e:

·  Evaluate what you can afford

·  Determine whether a listing is priced appropriately

·  Decide how to price your own home

In addition to being the best source of real estate in sale in Colorado Springs, is also the best source of information on new homes in Colorado Springs. If you have more questions about real estate, visit our FAQ page or call or text 719-460-6145.

Nov. 27, 2019

The Move Toward Searchable Real Estate

The Move Toward Searchable Real Estate

Let’s face it – the MLS is so yesterday.

That used to be the way it was done – you hired a realtor and he or she combed through the MLS and fed you information. But it’s not quite the same anymore. The Internet has “flattened” the Internet – making information a lot easier to get. But there’s still kind of a need for last-mile delivery in the form of new tools that can showcase what’s available within a neighborhood, and what’s happening in a given real estate market.

That’s where we come in – at Best CS Homes at Homesmart we maintain a “dashboard” view of Colorado Springs real estate that serves our visitors well.

Some of those who are using the site are looking for a primary residence – others may be creating a plan to invest in properties in regard to various commercial strategies. In any case, users can narrow down a search by location, or by numbers of bedrooms and bathrooms, or by many other criteria. They can evaluate a property according to the age of the building, or the floor plan. All of this empowers people to figure out more about how to reach their objectives in a local real estate market.

We Have the Tools

This is just the beginning of what we have built into our business model at Best CS Homes at Homesmart in order to help others to know more about the market around Colorado Springs and beyond. Our mobile app, MOVETO, is another option for home buyers and others to get the information that they need. We have additional resources for first time home buyers, mortgage calculators, resources in Spanish, and more to accommodate research needs.

We recommend trying out some of our tools – playing around with the app and some of the utilities on the web, and getting a feel for how these make real estate research easier. Our site is designed to work in a way that others aren’t: for truly interactive real estate discovery.


That's innovation. That's giving people more options. It's a big part of what we do at Best CS Homes at Homesmart. We want to make property hunting different


Experienced investors and home shoppers know that time is money – that your strategy has to fit your time management, and that planning and research are a major part of your investment. With Best CS Homes at Homesmart, you can ramp up this research quickly and easily which provides in Norma's value as you move toward settlement. Take a look and see how to get your hands on the right information to buy around the Colorado Springs area.