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Median home sales price increases

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Median home sales price increases

The median sales price of U.S. Residential properties, including distressed and non-distressed sales was $180,000, up 6 percent from the previous month and up 13 percent from a year ago. The figures are from RealtyTrac, a leading source for comprehensive housing data. The median price of distressed sales, those properties in the foreclosure process or… Continue Reading Median home sales price increases

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Report: Colorado May foreclosures down 31 percent

Foreclosure filings were down 31.4 percent in Colorado last month, falling since last year to the lowest level seen in May since 2007, according to a report by the Colorado Division of Housing. The number of filings dropped from 1,113 to 763 between May 2013 and May 2014. “We’re looking at an eight-year low for May foreclosures,… Continue Reading Report: Colorado May foreclosures down 31 percent

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City lags at the wrong time

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Usually in this space, we look at issues through an upbeat lens, helping readers see the positive aspects of the Colorado Springs-area business community. We think it’s important to make sure more people hear and learn about the good things happening in our midst. But sometimes it’s just as vital to share and analyze what’s… Continue Reading City lags at the wrong time

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Apartment rents soar in northern Colorado

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Apartment rents soar in northern Colorado

Rents in Colorado rose statewide during the first quarter of 2014, with the statewide average rent hitting a new fourth-quarter high of $1,026. According to a report released this week by the Colorado Division of Housing, the average rent during the first quarter was up 8 percent from last year’s first-quarter average rent of $950,… Continue Reading Apartment rents soar in northern Colorado

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Hazlehurst: Banning Lewis Ranch under contract

Nor’wood’s press release (see below) announcing its pending acquisition of the Banning Lewis Ranch was, shall we say, interestingly uninformative. It’s full of tantalizing tidbits, of amiable bullet points intended to please community leaders, environmentalists and conservationists. Are they serious, or is this just another mega-subdivision deal, another step in the continuing de-urbanization of Colorado… Continue Reading Hazlehurst: Banning Lewis Ranch under contract

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Report: Home prices up at home, nationally in April

Property information company CoreLogic reported home prices increased in April, in Colorado Springs and across the country. The company reported that nationwide, home prices increased 10.5 percent (including distressed sales) in April compared to the same time last year, and the level was up 2.1 percent since March. “At the state level, including distressed sales, no states… Continue Reading Report: Home prices up at home, nationally in April

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Quantum brokers $9.25 million transaction

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Quantum brokers $9.25 million transaction

The 86,500-square-foot office building at 9930 Federal Drive in Colorado Springs, also known as the Ford Motor Credit building, sold for $9.25 million. The seller was Karlin Federal Drive LLC, and the buyer was LV Federal 7 LLC. The listing agent was Michael Palmer of Quantum Commercial Group. Quantum Commercial also announced the sale of… Continue Reading Quantum brokers $9.25 million transaction

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Under construction: Banks on the move

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Under construction: Banks on the move

The banking business is booming in Colorado Springs to the point at which one bank has bought its own ground and is building two new buildings. A premier Colorado business bank has branched out to Colorado Springs, and two more are remodeling at current locations. Colorado Business Bank “For us, it’s a market we’ve been… Continue Reading Under construction: Banks on the move

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A recent market report from Colorado Springs-based Quantum Commercial Group has indicated continued recovery for the local commercial real estate market — slow as it may be. Quantum’s first market report of 2014 reviewed data from the year’s first quarter, tracking flat or sluggish trends in the metropolitan area’s office, industrial and retail markets. But… Continue Reading Report: Commercial market continues to improve slowly

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Area home sales down 6.4 percent

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Area home sales down 6.4 percent

Turning “For Sale” into “Sold” is a little tougher this spring, as competition among local home sellers heats up. Sales for the year are down 6.4 percent compared to the first four months of 2013 as inventory has increased, according to Colorado Springs Real Estate News. There are currently about 3,700 single family homes on the… Continue Reading Area home sales down 6.4 percent

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