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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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Shadow inventory falling

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The amount of shadow inventory in Colorado dropped 26 percent in the 12 months that ended in January, according to a CoreLogic report released today. The drop was one of the largest declines in shadow inventory in the country and represents a national trend. Shadow inventory includes all delinquent mortgages, those in foreclosure and those… Continue Reading Shadow inventory falling

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Could D-11 be poised for rebound?

Colorado Springs School District 11 and its neighborhoods have problems with a declining population. Student enrollment is dropping, property values are low and retail centers have high vacancy rates. The area, which covers the geographic center of the city, is ripe for revitalization, and some believe it’s on the verge of happening. Others, though, believe… Continue Reading Could D-11 be poised for rebound?

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Stretching the market: School district enrollments affect real estate values

School District 11 covers the residential heart of Colorado Springs, but in recent years, many of the district’s schools and the neighborhoods around them have been suffering. Whether the ailing schools affected the neighborhoods or vice versa, no one really knows. What is certain, however, is that the downward spiral has resulted in a string… Continue Reading Stretching the market: School district enrollments affect real estate values

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Local investors are now competing against institutional money at the El Paso County Public Trustee’s foreclosure sales. Two out-of-state investors have been bidding on foreclosures at the local sales. Colony American Homes, an Arizona-based unit of Colony Capital LLC, headquartered in Santa Monica, Calif., buys homes and rents them out while they appreciate. Granite Ranch… Continue Reading Local real estate investors battling with new Goliaths

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Sale of GofG Club amenities part of bigger plan

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The partnership that owns the Garden of the Gods Club is putting the property’s amenities on the market as it prepares for land values to rise before homebuilding efforts begin in earnest. Sunrise Co., based in Palm Desert, Calif., partnered with local Thomas Schmidt LLC to purchase the club from Dallas-based Hill Development Corp. in… Continue Reading Sale of GofG Club amenities part of bigger plan

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Silent boom: Baby Boomers and Silent Generation selling same types of homes, but for different reasons

As aging members of the Silent Generation struggle to pack up their memories and move into smaller houses and assisted-living centers, Baby Boomers are still buying real estate. “There’s no easy way to define what a senior is,” said Adrian Reed, a real estate agent with RE/MAX Properties. “I certainly can’t say. I think AARP… Continue Reading Silent boom: Baby Boomers and Silent Generation selling same types of homes, but for different reasons

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