Elizabeth Wingert

It's actually quite simple, which you will see when you start your search in person. I live in the Old North End (just North of downtown) and am very familiar with these established neighborhoods. In this market, the exceptional, well-priced homes are selling very fast (literally days on the market). The ones that sit for months are generally over-priced. You are probably not even seeing the homes that sell quickly as you look from afar... but a good agent, familiar with your nitch market, has, and will also have a very good idea of the real market value of the houses you look at. There are many ways to establish a reasonable offer (sold comps among them), and the value will also be verified with an appraisal. Colorado Springs is far from a "doom and gloom" market. There are more homes on the market, but they are still moving and values are appreciating. It is a very good time to buy; if you now what you're doing! I address this specifically and have the real statistics of our current market in my last newsletter, which is available on my website (address below). Thanks for the question, and happy hunting! - Sat Jul 26 2008, 08:11