Hot market: Fire serves to reignite Westside construction, home buying
Realtor Ray Shea recently ushered a pair of buyers into a half-million-dollar home in the Mountain Shadows neighborhood. “It’s a view lot,” Shea said. “We’re standing there, looking out the window and all you can see is charred, burned hillside. I’m waiting for them to drop the bomb in my lap and say, ‘Wow, this [...]
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 …After years of limp sales and drooping home prices, Colorado Springs residential Realtors say they’re looking forward to a bullish 2013. The Pikes Peak Association of Realtors reported almost 9 percent more home sales in the last quarter of 2012 than in 2011. On top of that, the average sales price climbed nearly 10 percent [...]
Continue reading …After at least four years of slow sales and Realtors getting out of the game, the residential real estate market made a turn in 2012 that brokers are hopeful can be sustained in 2013. “Man. I wish I had my crystal ball,” said Joe Clement, broker owner of Re/Max Properties. “But if it continues like [...]
Continue reading …Pikes Peak region first quarter 2010 home sales statistics reflected an invigorated market. Pikes Peak Realtor Services Corp. reported that through March area the Pikes Peak region recorded 723 closed residential sales. That’s up almost 28 percent from the same month last year. At the same time, March sales prices trended upward. The median sales [...]
Continue reading …Home sales statistics for the Pikes Peak region seem to be improving slightly and are impressing a number of national real estate industry researchers. In its online real estate feature story, “Best Cities for a Housing Recovery,” Forbes.com listed Colorado Springs No. 3 on its top 10 list of cities most likely to return from the downturn, based [...]
Continue reading …Once again local home values profiled favorably when compared to Denver or to other states, at least based on results of the latest Standard & Poor’s/Case-Schiller Home Prices Index survey. Denver saw a 5.1 percent decline in home values from January 2008 to January 2009, but the single-digit result paled in comparison to the other [...]
Continue reading …Imagine being manager of a homeowner association (HOA), a neighborhood association or an office complex. One day your biggest issue is a homeowner who paints his home an unapproved color. The next, it is a business partner who allows a friend to park his car (with a large “For Sale” sign in the window) in [...]
Continue reading …CSBJ readers are probably aware that residential interest rates on thirty-year fixed rate conventional mortgages have dropped as low as 5 and 7/8 percent. Hard to believe, but thankfully true. Christine Meacham at Auer Mortgage says these low rates may be around for a few weeks. Some national financial analysts predict that the post-election climate [...]
Continue reading …Once again, there’s a lot of news to report. From the two large Bethesda office building and Pace Plaza retail center sales reported last week to this week’s leases and transactions, there’s never a dull moment on the Colorado Springs real estate scene. Bill May of Classic Mortgage said last week that commercial mortgage rates [...]
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