Rental Statistics for August 2014

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

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Are You Car Crazy?

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.

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What’s More in TriLakes?

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!

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Jazz in the Garden

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…

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