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If someone puts a home on the market today, chances are good it’ll sell within two months. As of June 30, single-family homes spent an average of 62 days on the market, the lowest number since June 2006, when the Pikes Peak Association of Realtors started keeping records. The total number of active listings is… Continue Reading Springs homes selling at fastest rate in years

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Re/Max opens first downtown office space

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Re/Max Properties signed a lease on a new downtown office space. The real estate firm, which boasts more than a 14 percent share of the local residential real estate market, has offices throughout the city. But its new space in suite 100 on the ground floor of the Alamo Building at 102 S. Tejon St.… Continue Reading Re/Max opens first downtown office space

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Colorado Springs homes appreciate 8.2%

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Colorado Springs home prices climbed 8.2 percent year-over-year in April, according to analysis firm CoreLogic . They rose 2.1 percent from March to April. Excluding the distressed sales, short sales and bank-owned properties, sales prices climbed 7.1 percent year-over-year. The sales price increases are good news for the rebounding real estate industry. While the figures… Continue Reading Colorado Springs homes appreciate 8.2%

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Local real estate brokerages are hiring. ERA Shields has hired more than 20 real estate agents and support staff members in the past year. RE/MAX Properties has added 16 since January. Prudential Rocky Mountain Realtors has bumped its staff from seven agents to nine. Some of the hires are seasoned real estate professionals simply moving… Continue Reading Strong real estate market has brokerages beefing up

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Report: Springs apartment market strong

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The current Colorado Springs apartment market is healthy — maybe the healthiest it has ever been. That’s the conclusion by area experts after reviewing the most recent vacancy and rent survey results from the Colorado Division of Housing. Vacancy, at 5.6 percent, is the lowest locally in more than a decade. But it’s not so… Continue Reading Report: Springs apartment market strong

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Gas stations heating up commercial market

One segment of the Colorado Springs commercial real estate market is experiencing explosive growth — gas stations. “It seems like the only thing that’s really moving,” said Lori Ondrick, a retail broker with Quantum Commercial Group. Ryan Tefertiller, a city planner, said everyone in the planning department has dealt with at least one gas station… Continue Reading Gas stations heating up commercial market

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Commercial brokers more optimistic about market

A lot of Colorado Springs businesses have been taking advantage of lower lease rates and moving into nicer office spaces. Class A office space, which is the newest and nicest space in town, was a bright spot in most commercial brokers’ quarterly reports. “This is the most positive quarter we’ve had, if you look at… Continue Reading Commercial brokers more optimistic about market

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Realtors prepping for National Open House Weekend

Local real estate agents are preparing for National Open House weekend April 19-20. Agents all over town participate in the event, which is supported by the Pikes Peak Association of Realtors, every year. Houses listed for sale open up to the public and people have a chance to walk through without making an appointment. The… Continue Reading Realtors prepping for National Open House Weekend

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Residential real estate staging a comeback

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Residential real estate staging a comeback

The Colorado Springs residential real estate market has more than just rebounded. It’s on fire. “This is probably the best market for selling a house in 12 years,” said Prudential Rocky Mountain Realtor Sylvia Jennings. And she’s not the only one with that kind of news. Local real estate agents are quick to share stories… Continue Reading Residential real estate staging a comeback

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Realtors creatively market to sellers

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Realtors creatively market to sellers

In a real estate market with more buyers than sellers, agents have to be creative about how they acquire new listings. “Realtors are always hungry for listings,” said Becky Gloriod, an agent with The Gloriod Team. And a market like this one can make agents ravenous. There were just 3,046 homes on the market in… Continue Reading Realtors creatively market to sellers

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