If you ask a group of Pikes Peak realtors how the housing market will do this year, you will probably get a variety of answers.  That’s because, like many American towns, the Colorado Springs real estate market has recovered faster in some areas than in others.  But as we round the bend into a new year, analysts are taking another look at how the Colorado Springs real estate market is performing.

Are Pikes Peak realtors still looking at 2012 with as much optimism as they were in early 2011?  How has the market changed and which neighborhoods are moving houses the fastest?  Most of this information can be found in regular updates posted on the PPAR website (Pikes Peak Association of Realtors), but the best way to stay on top of the real estate trends is to work with a qualified and experienced agent.

The truth is, compared to other cities and towns Colorado Springs is doing much better with new home sales. While prices haven’t increased as much as they are projected for 2012, inventory is down and demand is up; which can only spell a rise in prices this year.  While Pikes Peak realtors may not be quite as concerned about the real estate market as realtors in other cities, this may not help if you’ve already lost money on a real estate transaction.

In a recent article posted on Action Team Realty’s website, “Are Pikes Peak Realtors Optimistic About 2012?,” the author reminds readers about the many media organizations that have projected an early recovery for the Colorado Springs area.  One of these was CNNMoney, who predicted that Colorado Springs would be among the top ten “best recovery bets” for buying residential real estate.  This list also referenced another article from Realtor.com, which included the region in its “Top 10 Early Turnaround Towns from Realtor.com.”

For buyers coming into the market from other parts of the country, it may be hard to understand the draw of Colorado Springs and how its natural beauty attracts new residents from around the country, but Pikes Peak realtors hear it all the time.  It is not uncommon for people to visit the ‘Springs on vacation and decide that this is where they want to live.  Not only does it offer the ideal weather for year-round activity, but the surrounding mountains are a beautiful backdrop for everyday life.  In addition to the inspiring scenery in Colorado Springs, the choice of housing is far more diverse than in many other areas of the country.

Pikes Peak realtors anticipate another year of sales growth and they have plenty of reasons to be optimistic about what the busy spring and summer months will bring, so don’t let the cold weather keep you from searching for a new home.

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