The Colorado Springs area has been experiencing growth over the last few years, and it is expected to continue into 2017. According to an article recently published in the Gazette, this is the forecast announced at the latest Colorado Springs Economic Forum, put on by the University of Colorado Springs. This is great news for our community and residents.
Not only are we strong when it comes to consumer confidence in spending retail dollars, our housing market is strong and healthy, too. It is our strong job market which directly impacts how much we can spend, and in Colorado Springs, there are plenty of jobs. According to data cited in the forecast report by the University of Colorado Springs, 2015 saw more than 8,200 new jobs in our area, almost 50% more than were added in 2014.
The majority of job growth has been centered around construction, healthcare, professional and technical works, as well as within the food industry. This variety of career options and job resources is helping to fuel the continued economic growth for Colorado Springs. For home sellers, this is great news, as homes are in high demand.
For those looking to buy, we have new property developments, as well as older homes available. Our housing market is also one of the more affordable markets for a greater range of incomes. According to a market search on Realtor.com, the median sale price of homes in Colorado Springs is $237,000. Add in that many of our homes have two and three stories, you can often get more house for your dollar, too.
I am excited to see what 2017 will bring for economic growth to Colorado Springs. Our area has a lot to offer, including great jobs and homes. If you are thinking of moving here, this is a wonderful place to live with a variety of work and living opportunities.
When you are ready to buy or sell your home, working with a Realtor® who knows the local market and economy of the community can make a big difference. We at Springs LifeStyles Real Estate are here to help you with all of your real estate needs! Call Kathy Stenberg at (719) 963-4867, or you can email her at email@example.com You can also visit us at our website for available listings and additional information.