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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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 [...] I’d love to post Happy New Year For Colorado Springs as a statement, not a question, but the fact is, there are a LOT of questions out there as to how ‘happy’ 2011 will be around here. Here are a few: City budget problems are likely to persist, as tax limitation laws passed years ago [...] The feared ‘double dip’ housing recession may have arrived. August 2010 single family home sales in Colorado Springs dropped for the 2nd month in a row compared to the prior year, by 22.8% at 688 homes. Year to date sales are now even with last year, but assuming the current trend of year to year declines [...] There a seasonality to the Colorado Springs real estate market. Our Spring / Summer season tends to be when we see the most closings (in part because is Spring is when many of them go under contract and is the ‘relocation season’). Winter tends to be our slowest season. There is a short period [...] June Colorado Springs home sales were up 4.7%, compared with June of 2009. This was undoubtedly affected by deadline of the Home Buyers Tax Credit, with June 30 being the last day to close to still be eligible (before the last minute extension of the closing deadline passed by both the house and the senate). [...] This morning’s Gazette had the cheery news that Colorado Springs unemployment has continued to rise, and was up to 8.5% in February. The amazing part of the story to me, was the part that talked about this as a good thing, because it was partially the result of more people re-entering the work force after [...] Colorado Springs has a budget problem. Yawn. So does about every city, state and county in the country. The Federal government is about the only entity out there than can just print or borrow money when they are short. For those living in Colorado Springs, there are also some other issues however. 1. Every government entity [...] Single family home sales were up in January by 12.3% over a year ago at 464 units (preliminary data). Prices were also up, with the mean up 6.2% ($211,008) and the median (1/2 above, 1/2 below $178,250) up 3.0%. January of 2009, in fairness, was a terrible month. This January and last January, were in [...] Christmas is over, the guests are gone, and it’s time to get back to work for me after several days of feasting (ok, the leftovers may be here for a bit!). I may also get a day of skiing in yet, but my focus for this week will be on getting 2010 off to a [...] |
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