View today's hottest Colorado Springs condos for sale below! Colorado Springs is a fantastic city to live in, with excellent quality of life, beautiful surroundings, and a good economic outlook. So, it's no surprise that the Colorado Springs condominium market has been consistently rated as one of the best in country. To request up-to-date information about condominiums in Colorado Springs or to arrange a private showing, contact your Colorado Springs real estate experts today. Read more about Colorado Springs condominiums.
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Considering the purchase or sale of a condo in Colorado Springs? Call your local real estate experts, the Military Home Search team, at (719) 338-7294. Our community of real estate agents will help you navigate the Colorado Springs condominium market.
Colorado Springs Condominium Market
Buying a condo in Colorado Springs is a good idea for two reasons. First, it's a great way to get in on the ground floor of a strong and appreciating market. For first-time buyers, there may be no better option, and the low maintenance means you'll have more time left over for work and play.
And second, given the strong market outlook for Colorado Springs properties, it makes sense to invest in desirable, headache-free rental properties. Condos are the perfect option here, offering an affordable way to boost your property assets in a competitive market.
How does condo ownership differ from owning other types of property?
Perhaps the biggest difference is that with a condo, you don't own the land that the unit is built on, you simply own the space between its walls and roof. Common areas within the condo development — like drives, gardens, or facilities — are jointly owned by everyone in the community.
As a cost spreading measure, this means that condo developments can often be built on better land, in better neighborhoods, with better amenities, and with lower insurance than townhomes or apartments. As such, condo owners can expect excellent facilities, like pools, gyms, and entertainment areas, with almost zero personal maintenance. However, for all these benefits, HOA fees for condos are usually higher.
Colorado Springs Condominium Features
Most condos for sale in Colorado Springs range between 800-1500 square feet. The majority are also in either low-rise buildings or townhome-style developments.
Room configurations vary from 1 bed / 1 bathroom, to 3 beds / 3 bathrooms. Built mostly between the 1960s and 1980s, and from the late 2000s onward, these units feature open-concept interiors, often facing wide balconies with floor-to-ceiling screen doors or windows.
Interiors will also vary in degrees of refurbishment. Vintage details in older condos mean more choices — retro fashion statement, or space to express yourself? Other condos now boast all new interiors with modern kitchens and bathrooms. Stone counters, stainless steel appliances, updated cabinets — everything you'd expect from a new construction home.
Colorado Springs Condo Amenities
Excellent condos can be found throughout Colorado Springs' many desirable areas.
In Southwest Colorado Springs, there are popular condos around Cheyenne Boulevard and Cheyenne Road near the I-25 and Highway 87 intersection, as well as a few scattered through the Broadmoor area. Residents here enjoy the fantastic mountain vistas, high-quality neighborhoods, and access to Cheyenne Mountain and Fort Carson.
Old Colorado City hosts some condo units of its own, just north and south of its main commercial strip. Residents in this area love its historic character, as well as the numerous dining and entertainment options along Colorado Avenue. Easy access to the western mountain ranges is also a plus.
Northwest Colorado Springs is another rising area, with a number of condos around Ute Valley Park. This area is conveniently close to the U.S. Air Force Academy.
Many more condo developments are scattered across Colorado Springs northern neighborhoods, as the remaining farmland gives way to modern, convenient, and comfortable communities.
Market Outlook for Colorado Springs
As mentioned, condos are a great way to invest in Colorado Springs' real estate market. The strong economy, young population, beautiful scenery, and good standard of living mean that demand for homes in Colorado Springs will remain strong for many years to come.
This healthy outlook means that developers are looking to take advantage, building new condos all the time. So, you should keep a look out for promising new developments regularly, and if you can't find what you're looking for now, something is bound to pop-up in the near future.
Though one of the hottest markets for condos in the country, Colorado Springs condos are still relatively affordable, offering tremendous value in this highly desirable city.
Colorado Springs Condominium Agents
Planning to buy a condo in Colorado Springs? Let our real estate team guide you through the sale of your current residence or the purchase of your next Colorado Springs condo unit. As local real estate agents, we have up-to-date information on the unique dynamics of the condo market in Colorado Springs.
Contact the Military Home Search team to learn more about representation for buyers and sellers. Preparing to sell your Colorado Springs condo? View our CMA page to receive a free condo value analysis in Colorado Springs within moments.
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