Planting seeds for downtown’s future

A crowd of more than 100 people stood together last Thursday afternoon on a dirt-covered lot beside South Nevada Avenue, celebrating both a moment and a dream finally beginning to come true. This was the groundbreaking ceremony for the Blue Dot apartment complex, a 33-unit project at 412 S. Nevada, between Costilla and Cimarron streets. Partner […]

Meadow Muffins sold, may lose name

Meadow Muffins sold, may lose name

After three decades as one of Old Colorado City’s most familiar neighborhood bars, Meadow Muffins has been sold to new owners who plan to reconceive it and may not carry on under the same moniker. Todd Delahanty, who purchased Meadow Muffins at 2432 W. Colorado Ave. in 2004, finalized the sale of the bar/restaurant last […]

State foreclosure activity spikes in August

RealtyTrac, a leading online marketplace for real estate data, on Thursday released an August Foreclosure Market Report which shows 1,478 Colorado properties with a foreclosure filing, up 23 percent from July and up 57 percent from a year ago — the biggest annual increase in Colorado foreclosure activity since April 2007. Colorado Springs’ foreclosure rate jumped […]

Blue Dot starts a new trend

Blue Dot starts a new trend

“Why are we going ahead?” asked Darsey Nicklasson. “Because Colorado Springs needs this.” In a letter explaining their decision to go ahead with their long-planned, 33-unit Blue Dot apartment development on South Nevada Avenue, Nicklasson and partner Kathy Loo made their point in a single sentence. “We will continue to be a very active part […]

Springs home prices increase 4.4 percent year over year in July

Springs home prices increase 4.4 percent year over year in July

CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, released its July Home Price Index report Tuesday. Home prices nationwide, including distressed sales, increased 7.4 percent in July  compared to July 2013. This change represents 29 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices […]

Homes underwater in CSprings

Homes underwater in CSprings

Some 9.1 million homes were seriously underwater in the second quarter of this year, RealtyTrac, the nation’s leading source for comprehensive housing data, announced in its U.S. Home Equity and Underwater Report. To be seriously underwater, the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market […]

Home price appreciation slows in 65 percent of U.S. housing markets

Home price appreciation slows in 65 percent of U.S. housing markets

RealtyTrac, the nation’s leading source for comprehensive housing data, released its July 2014 U.S Residential & Foreclosure Sales Report Aug. 28. The report shows that U.S. residential properties, including single family homes, condominiums and townhomes, sold at an estimated annual pace of just over 4.6 million in July, down 3 percent from the previous month […]

Apartment plans move forward

Despite City Council’s refusal to waive park development fees for downtown development, Darsey Nicklasson and Kathy Loo have decided to move forward with their projected downtown apartment building, Blue Dot Place. They announced their intentions in an email sent to the City Council and Mayor on Wednesday. The 32-unit building will be located at 418 […]

July real estate stats bring positive details

Some interesting facts came to mind as I was looking over the new Pikes Peak Association of Realtors report. While local sales are basically the same as they were a year ago, the full report includes an “investor snapshot” that indicates single family/patio homes sales in July were the highest for the month since 2007. […]