Thousands of would-be real estate investors have been quietly sitting on the sidelines waiting for the market to change, but many don’t realize that recovery has already begun.  It all depends on where you are looking to buy.  Popular media outlets, such as CNN Money have long predicted that Colorado Springs would be among the first to recover in this post-recessionary market, and it looks like they were right on target.  According to recent reports, new homes for sale in Colorado Springs are already moving quickly.

Depending on who you ask, you may get a variety of opinions on whether now is the time to buy.  Rather than listening to one or two so-called “experts,” consider the three main principles of buying real estate – location, timing and demand.  The Colorado Springs real estate has long topped the list for location.  El Paso County sits in a gorgeous region and in the shadow of Pikes Peak, making it one of the most desirable locations in the United States.

Timing is always the question when people believe that the prices are still on the decline, but that’s not the case with new homes for sale in Colorado Springs.  According to the Pikes Peak Association of Realtors (PPAR), November 2011 home sales are up 19 percent since November 2010, and inventory is down 22.8 percent.  While some might argue that the inventory is only down because people are still “waiting to sell,” we all know that increased demand and limited supply usually mean a price increase is on the horizon.

If you have the flexibility to start shopping for new homes for sale in Colorado Springs during the winter months, you could end up with a sweet deal on a beautiful home.  Not only are prices still very competitive, the mortgage rates are still incredibly low.  A 30-Year fixed rate mortgage is still available in the high 3’s, and a 15-year mortgage is only 3.24 percent.

According to a recent article posted by Action Team Realty, new homes for sale in Colorado Springs include a variety of neighborhoods and price ranges.  As the article title suggests, “New Year’s Resolution: Shop the New Homes for Sale in Colorado Springs,” this may be the year that real estate investors come out of hiding and stake their claim in the Pikes Peak region.  Springtime is just around the corner, which may mean higher prices, more competition on bids, and less attractive interest rates.

Find out more about new homes for sale in Colorado Springs by contacting a realtor at Action Team Realty.

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