CLIMATE

Colorado Springs provides the ultimate setting for outdoor enthusiasts. With its elevation, sitting just above a mile high, the city experiences approximately 300 days of sunshine each year. Colorado Springs is a hiker's paradise, boasting an impressive network of 229 hiking trails that cater to all skill levels. Colorado Springs is renowned for its stunning panoramic views, with the majestic Pikes Peak dominating the skyline at 14,115 feet above sea level. Additionally, the city's proximity to numerous mountain ranges allows access to 28 nearby ski resorts within a 2-3 hour driving range.

DEMOGRAPHICS

Colorado Springs boasts a diverse community, with a population of approximately 503,113 residents. The median age of 35 reflects a balanced mix of age groups, contributing to a lively and inclusive atmosphere. Family values are prevalent, as seen in the average family size of 3.08. Additionally, Colorado Springs has a deep respect for veterans, with a significant number of veterans residing in the city. Approximately 54,584 veterans reside in Colorado Springs, home to 5 major military installations including the United States Air Force Academy, Peterson Air Force Base, Schriever Air Force Base, Fort Carson Army Base, and the Cheyenne Mountain Air Force Station.

REAL ESTATE STATISTICS (MAY 2023)

The real estate market in Colorado Springs presents an appealing landscape for potential buyers. With an average home price of $536,478, the city offers a range of options to suit various budgets and preferences. The market remains active, with a total of 1,750 active listings, providing ample choices for buyers. Additionally, the average days on the market, standing at 31, indicate a relatively fast-paced market where properties tend to sell within a reasonable timeframe. Colorado Springs has experienced significant growth in recent years, with its population, economy, and infrastructure steadily expanding to accommodate the city's increasing popularity and opportunities. If you would like to take a deeper dive into our area's market conditions, please reach out to one of our skilled realtors.

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