Greetings to all!
I hope this note finds you well and that you and yours are off to a wonderful start in 2008! With January now behind us and a never ending barrage of negative real estate news before us, I thought I'd take a minute to share some great news in Woodland Park.
While the latest numbers now project a near 2% decline in home prices nationally, Woodland Park weathered the storm... in a BIG way. The median home price in Woodland Park jumped 6.8% to $273,000 in 2007- one of its largest single year gains ever. Property values continued to climb in our area even while market forces worked to drive them down. The much needed correction in the mortgage industry, coupled with the "fear" about the timing of buying a home were two major forces that slowed home sales here and across the country.
Yet despite these conditions, Woodland Parks saw home prices rise and interest rates fall to their lowest levels in 28 months. The second home market remains strong, and the promise of a relaxed and recreational lifestyle with the convenience of Colorado Springs just 20 minutes away continues to be a huge draw for the young and young at heart. With the north slope of America's Mountain, Pikes Peak, as the backdrop and a new state-of-the-art hospital offering residents a full scale of services, interest in the area is sure to continue to grow.
I have generated a year-end report for those who may be interested in the facts relating to real estate in and around the Woodland Park area. Please contact me any time & I'll be happy to send you a pdf of the report. Whether you are buying or selling in Woodland Park, this is a great time for many. I'll be happy to give you the information you need to determine if it's the right time for you!
All the Best,
Spencer
"Service Before Self In All That I Do"
 |
|
|
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
