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Colorado Springs
All signs point toward a bullish housing market in Fountain. The city's Economic Development Manager Kimberly Bailey said that Fountain is seeing its strongest speculative housing development in nearly 15 years — resulting from a historic regional demand for affordable residential real estate. “Right now we have about 3,200 housing...
In the rapidly growing and competitive housing market, companies nationwide are finding it necessary to innovate in order to entice potential homebuyers to purchase properties. Toward that end, Colorado Springs-based homebuilder Vantage Homes recently introduced a new method for viewing and touring its many model homes — without even setting...
Besherit, LLC recently selected Griffis/Blessing as the commercial property services group to manage Mountain Shadows Professional Center at 5731 Silverstone Terrace. The 23, 948-square-foot office building was built in 2000 and will be handled by Griffis/ Blessing Portfolio Manager Liz Seeger and portfolio assistant, Courtney Brunner, overseeing day-to-day operations at the...
El Paso County saw fewer foreclosures last year than it has in recent history — a statistic that bodes well for the health of the local economy, but makes the Colorado Springs real estate market a more challenging one for investors. There were 1,287 foreclosure filings in El Paso County...
The Colorado Springs-based real estate firm Quantum Commercial Group expects 2016’s strong economic trends to continue during the new year — across both the commercial and residential markets. “We all believe that 2017 is staged for continued expansion and growth in both new and existing companies and employees for our...
As the clock struck midnight last New Year’s Eve, Colorado Springs real estate experts believed 2016 would prove to be one of the strongest years in the history of the city’s commercial and residential markets. They were right. The past 12 months have produced a meteoric rise in home values and...
Here’s one of the standard Colorado Springs narratives: Once upon a time there was a beautiful, cultured city of 34,000 nestled beneath Pikes Peak. But sometime in the 1950s, hordes of short-fingered vulgarians descended upon the city, transforming it into a wilderness of tract houses, beige subdivisions and cookie-cutter...
The Colorado Springs multifamily housing market has in recent weeks seen the sale of two large apartment complexes totaling nearly $130 million — bringing total sales volume for the year to around $500 million and underscoring the strength of the local real estate economy. The 440-unit Grand River Canyon apartment...
While 2016 is proving to be another record-breaking year for the local residential real estate market, the increasing likelihood of mortgage rate hikes is creating uncertainty for some and opportunity for others. Although November saw a slight dip in home sales, monthly sales grew 46.7 percent above the same time...
The Colorado Springs commercial real estate market continued to grow stronger throughout the third quarter of 2016 and has been bolstered by banner years for the local hospitality and tourism industries, according to industry experts. Reports published last month by Colorado-based real estate firms Turner Commercial Real Estate and Transwestern...
If you’re a millionaire looking to pay cash for a luxury home in the Rocky Mountain foothills, Colorado Springs is the market for you. While the bottom part of the housing market continues to heat up — driving availability down and prices to record highs — local real estate agents...