Both the number of sales, and prices for homes in Colorado Springs, increased in April. Sales were up 4.8% over 2011, and the median price was up 4.1%. The number of homes for sale was down 26.3%, helping prices stabilize. Interest rates remain in the 4% range, making home buying a bargain almost regardless of [...]
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I met the father of one of my clients this week. He is retired, from a profession that is a little notorious for not providing well for retirees. He shared a story with me that he said I could repeat, so here goes. At age 50, he woke up one night with the realization [...] Prices for Colorado Springs real estate increased by 2.7% on average, and the median (1/2 below, 1/2 above) actually jumped 5% over March of 2011. Sales were down 6.8%, but the inventory of unsold homes was down 26.9%, causing some upward price pressure on the remaining homes for sale. Sales have been steadily increasing on [...] Yesterday I was showing property out in Black Forest (northeast of Colorado Springs), and just HAD to write this blog. When we show real estate in Colorado Springs, the normal procedure is to call the listing office, request the showing, and then the listing office contacts the homeowner. After receiving permission, we go ahead with [...] Single family homes in Colorado Springs sold at a healthy clip in February, up 14.7% from 2011 at 514 homes sold. The inventory of unsold homes dropped to a 10 year low of 3,174 homes, down 26.4%. Prices remained soft, with the average down 9.8% at $212,551. The median (1/2 above, 1/2 below) fell 7.2% [...] Yesterday I visited a new development about to have their grand opening party, Promontory Point. I was pleasantly surprised to find that they’ve already sold 22 homes while trying to get the model park together. This is the first major new project to open in the Monument / North Colorado Springs area in a while, [...] Home sales in Colorado Springs ticked up again in January, by 3% over January of 2011. The inventory of unsold homes also shrunk, to only 3,156 homes, a 10 year low. The bad news was that prices also shrunk, with the average down 2.9% from 2011 and the median down 4.3%. The lower prices are [...] When newcomers ask me about renting a house in Colorado Springs, it makes me smile a little inside, because once more begins the age old question of rent vs buy. Don’t get me wrong, renting is the best answer for some people based on factors that go way beyond just the financial issues. Some people [...] With a new year comes new hope. Sometimes that hope is even based on fact, which is the case for the Colorado Springs real estate market. Those facts are: Homes sales for December were up 3.5% from last year, the 6th consecutive monthly increase. The inventory of unsold homes in December was down a whopping [...] November Colorado Springs home sales were up 19.2%, the 5th consecutive month of double digit increases over 2010. Is the housing recession over? Maybe. Interest rates under 4% are sure helping sales, and any major changes in that department could derail things, but so far, so good. Recent Colorado Springs employment news has been strong, [...] |
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