We have just published the latest Colorado Springs Rental market numbers. August is usually a month when the rental market begings to cool down. For the past two years, August has been anything but cool. The Waldo Canyon and Black Forest fires were in July of 2012 and June of 2013 respectively, as a result, much of therelocation business we would have seen in June and July got pushed into the month of August.
This August, we are seeing a return to normal. Although, the total number of properties rented in August of 2014 has dropped nearly 24% from the previous 2 years it is on par with what we would consider to be a "Normal" August. Here are the numbers:
|Property Type||Number Leased||Avg Rent||Avg Sq. Ft.||Lease Price Per Sq. Ft.|
|1 Bedroom Condo/Townhome||3||$1,040||1,019||$1.02|
|2 Bedroom Condo/Townhome||55||$1,027||1,255||$0.82|
|3 Bedroom Condo/Townhome||30||$1,157||1,520||$0.76|
|1 Bedroom Single Family||7||$701||835||$0.84|
|2 Bedroom Single Family||19||$1,051||1,349||$0.78|
|3 Bedroom Single Family||143||$1,243||1,822||$0.68|
|4 Bedroom Single Family||108||$1,552||2,689||$0.58|
|5 or more Bedroom Single Family||49||$1,794||3,312||$0.54|
If you answered yes or even maybe, you'll want to know about the Car Show. This event takes place every first Saturday of the month starting in May and wrapping up in October. The gathering takes place at the First & Main Town Center in the Dick's Sporting Goods west parking lot off of Powers Blvd. and South Carefree.
The Jazz in the Garden Summer Concert Series is a "Downtown Colorado Springs" Summertime Staple. This series has been around since 2010 and gets more popular every Summer.
The series takes place at the "Grace and St. Stephens Episcopal Church" in their "Memorial Garden" on the corner of Tejon St. and Monument from May through August. In the event of bad weather, the concerts are moved indoors to the parish hall. Either way, it's a great way to hear some fine music and be downtown.
For More Information:
The final concert of the 2014 series will be August 29th. at 7:00 pm. This concert will feature Colorado Springs native Sean Hennessy.
We do regular market updates for areas around the Pikes Peak Region. This week we are taking a look at the Tri-Lakes Area. The Tri-Lakes Area is located in Monument, Colorado. This area is popular due to the areas natural beauty, abundance of recreational activities and its' proximity to both Colorado Springs and Denver.
Homes in the area are generally larger here as are lot sizes, oh and the prices are as well!
The Fountain Creek Brass Band is performing at "Soda Springs" Park in Manitou Springs, Colorado.
The Fountain Creek Brass Band is a British Style Brass Band. The repertoire for this park concert will be a great mix of classical, jazz, marches and popular music.
The concert starts at 7:00 and takes place at the pavilion in Soda Springs Park.