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Local commercial market continues slow ascent

A Colorado Springs-based real estate firm’s quarterly report indicates that the local commercial market continues to lag behind many others in its climb to pre-recession health. Quantum Commercial Group LLC’s second-quarter market report showed vacancy rates are down in the office and retail submarkets, while they remain flat for industrial space. Quantum also reported that… Continue Reading Local commercial market continues slow ascent

Reports promising for commercial, apartments

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Despite seemingly optimistic projections of the Colorado Springs commercial real estate market, a recent first-quarter report indicates net absorption is down in all of the city’s office submarkets. But the year’s first MarketView report for Class A/B office space — done quarterly by Cushman & Wakefield’s Colorado Springs Commercial group — found the negative absorption… Continue Reading Reports promising for commercial, apartments

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New business model for real estate arrives in Springs

Grant Wise and his partners are bringing a different way of selling real estate to Colorado Springs. Wise Custom Realty is actively seeking Realtors in this area by offering a new business model that, Wise said, will result in more money in Realtors’ pockets. The end result for the consumer is no different than from… Continue Reading New business model for real estate arrives in Springs

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Local real estate forecast healthy for 2014

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Local real estate forecast healthy for 2014

A key indicator of economic vitality in any metropolitan area is the health of its real estate market, and Colorado Springs is no different. The incoming year, while as unpredictable as any, is shaping up to be positive in that regard, according to commercial and residential real estate experts. Every prediction, forecast or outlook is… Continue Reading Local real estate forecast healthy for 2014

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Year in review: Real estate

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August 27 Flying off the shelves If someone put a home on the market in Colorado Springs, chances are good it sold within two months. As of the end of June, 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… Continue Reading Year in review: Real estate

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Cimarron Hills named third least expensive suburb in U.S.

Cimarron Hills was named the third least expensive suburb in the United States, according to Movoto, a blog about “the lighter side of real estate.” Located in Colorado Springs, the suburb lies between Powers Boulevard and Marksheffel Drive, bordered also by Colorado Highway 24. Movoto Content Editor Randy Nelson studied the cost of living, food… Continue Reading Cimarron Hills named third least expensive suburb in U.S.

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Local market cools, but still holding up

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Local market cools, but still holding up

Following a summer full of home sales hype, both the local and national residential real estate markets cooled off in September for the first time in months. Although the Colorado Springs market may be on the decline until the new year, local experts say it is faring better than most. After hitting the highest level… Continue Reading Local market cools, but still holding up

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Recovery continues for commercial market

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The higher you go, the farther you fall, as the old adage goes. While commercial real estate data depict slow progress in recovery from recession-era lows, the region remains in better shape than hard-hit areas in states such as California and Florida, where real estate bubbles caused catastrophic crashes. That said, the commercial real estate… Continue Reading Recovery continues for commercial market

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Springs housing prices on the rise

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Springs housing prices on the rise

The Colorado Springs housing market showed increases in home prices and August sales went up 23 percent compared with 2012. At $255,728, the price of the average sale of a single-family home went up 8 percent higher than last year, according to figures from Sylvia Jennings of Prudential Rocky Mountain Realtors. “That’s the highest average… Continue Reading Springs housing prices on the rise

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The owner of a Gold Hill Mesa home filed suit this month against the builder, saying the home is not as energy-efficient as the builder purported. Further, the builder knew the home wasn’t as energy-efficient during the sales process, said homeowners Hannah Polmer and William Robert Rudge in their lawsuit against Hi-Point Home Builders LLC,… Continue Reading Home not effectively green, lawsuit says

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