Colorado Springs Realtors


Selley Group – Perception Turns Into Reality

Cherise Selley September 30th, 2009

Just spoke with a Colorado Springs Realtor who specializes on the commercial side of the Colorado Springs Real Estate market.  He’s had quite a bit of experience, enduring the “ups-and-downs” of the real estate markets since 1984.  Colorado Springs Real Estate has experienced times of prosperity and at other times, there have been some market woes. This cyclical pattern is normal for all markets regardless of location.  But overall, this particular region maintains consistency based upon economic stabilizers, such as the prevalence of military bases, Christian ministries, and other technological businesses. 

For instance, it is estimated that approximately 6,500 troops will be stationed at Fort Carson in 2010.  Another example is that Kaiser Permanente Colorado will open its first Colorado Springs medical office this October, specifically to serve as primary care for seniors.  This nonprofit health insurance company and medical provider is one of the largest in Colorado, as well as the nation.

Recent economic reports reveal that the Colorado Springs area is somewhere between 6 months to 1 year ahead of the rest of the nation regarding the housing market recovery.

Yet some of the influencing factors whether the market actually gains momentum deals directly with perception.  According to this Colorado Springs Realtor and what I’ve observed professionally is that when the perception of Colorado Springs Real Estate is positive and reinforced by the media, then buyers, sellers and investors tend jump on this bandwagon of good news and inevitably turn the downside of the market into an upside reality.  Perception does turn in to reality.  People are influenced by psychological factors.  The converse also applies.  When the media continues to opine about all of the possible obstacles facing the market, then activity almost instantly slows for no apparent reason.

Colorado Springs Realtors appreciate the depth of knowledge about the market, ranging from the fiscal side to the sales portion.  But it is even more appreciated by Colorado Springs Realtors, like this gentleman I spoke with, that balanced reporting about all of the market indicators are fairly represented from the media standpoint.  In essence, I bet the Colorado Springs Realtors and the consumers might actually avoid extreme highs and lows with the overall real estate business if more balanced reporting actually happened.

 

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