-- Colorado Springs is one of of the best places in the entire country to invest in real estate, based on some recent numbers released by the real estate experts at Trulia as follows:
"The median sales price for homes in Colorado Springs for Jun 1 to Aug 31 was $239,000 based on 2,898 home sales. Average price per square foot for Colorado Springs was $164, an increase of 8% compared to the same period last year."
These numbers clearly show a strong uptick in home values, with an 8% increase in average price per foot in one single year. Some homes in Denver have nearly tripled in value in the last five years according to some local residents, and now people are moving down south towards Colorado Springs and Pueblo in order to escape the skyrocketing home prices in Denver. For this reason, prices in the Springs are skyrocketing as well, making it the perfect storm for real estate investing, and it's currentliy one of the fastest growing markets in the country.
The only problem is with this large increase in demand for housing in the area, there is a huge lack of inventory, so finding a good investment property is becoming a problem. There is a solution, however, as there are many real estate "wholesalers" who operate in this market and who sell the contracts for a commission to other investors and flippers who are interested in purchasing their deals. Colorado Springs Investment Property is a novelty in this market, which is why locating a quality real estate wholesaler can be a golden opportunity for any professional house flipper who is looking to establish themselves in this highly competitve, cut throat market.
Real Estate Professionals in the Colorado Springs marketplace, and members of the Pikes Peak Association of Realtor project that the market will continue to expand rapidly, with 5 - 10% equity growth year over year for at least the next ten years. That means that if a house is bought now for $200,000, in ten years it will be worth $300,000. That is some miraculous growth that hasn't been witnessed in any other markets around the country. This real estate growth is likely linked to the giant booming of the marijuana industry and the sale of marijuana related products such as the weed vaporizer, which has made a large impact on the states revenue, and has helped them increase the number of jobs for cannabis farmers who seek to operate legitimate businesses and grow their companies along with the housing market. In summary, Colorado Springs, Denver, and the entire front range continue to explode with rapid job growth and housing values, so it is a very good time to invest in this area of the country. Smart investors have already gotten their hand in the pot, and more are joining each day with the promise of a better life in the beautiful, fun-loving state of Colorado!
Contact Info:
Name: Brian Rudderow
Email: Send Email
Organization: Wholesale Properties Colorado
Address: 3094 1/2 W. Colorado Ave.,
Phone: 7192860053
Website: http://www.wholesalepropertiescolorado.com
Release ID: 131164
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