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Residential Real Estate

Approximately seven years after the bubble burst heard ’round the world, residential real estate in Colorado is making a comeback in a big way. Demand is up and supply is down statewide, leading to increased residential property values and a market, depending on which side of the Palmer Divide you’re...
Foreclosure rates in Colorado Springs decreased for the month of June over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Colorado Springs foreclosures among outstanding mortgage loans was 0.82 percent for June 2014, a decrease of 0.04 percent...
Colorado Springs City Council voted down a resolution Tuesday that would have waived fees for downtown residential development in an attempt to support urban infill projects. Councilors voted 5-4 to kill the proposed amendment to a 1973 ordinance pertaining to fees for the creation of new parks and schools throughout...
Ron Spraggins, founder and CEO of Commonwealth, Colorado Springs’ oldest apartment brokerage and research firm, announced the sale of Pueblo’s Belmont Square Apartments to a large buyer from Chicago for $5.2 million. The Spraggins team represented both the buyer and the seller in the sale of the 138 unit complex. The...
Average apartment rents in the Colorado Springs area rose year over year for the seventh straight quarter during the first three months of 2014, according to a report by the Colorado Division of Housing. Average rents in the metro rose 4.3 percent to $822 from $787 during the same quarter...
Despite seemingly optimistic projections of the Colorado Springs commercial real estate market, a recent first-quarter report indicates net absorption is down in all of the city’s office submarkets. But the year’s first MarketView report for Class A/B office space — done quarterly by Cushman & Wakefield’s Colorado Springs Commercial group...
Selling a luxury home requires a Realtor who knows how to market estate homes in luxury publications, according to people in the high-end real estate business. Trish Ingels wears two hats on this topic — she owns a $6.5 million home she’s trying to sell, and she’s a Realtor who...
Colorado Attorney General John Suthers announced Wednesday that $23 million of the state’s National Mortgage Settlement funds will be used to support affordable housing programs for residents seeking relocation. The funds, which are a portion of the $51.2 million in state settlement funds, will  be used primarily to aid those...
December 6 Sale of apartments largest in Springs history A California-based real estate firm announced it has completed the $54 million purchase of a 322-unit multi-family development in the Briargate area of Colorado Springs. Privately held Passco Companies LLC broke the news in a release that its acquisition of Vue21 (formerly known...
As a young, single and freshly transplanted Coloradan, I’m no stranger to the woes of apartment hunting — as well as the dread of paying subsequent rent and utility bills. The Apartment Association of Southern Colorado released earlier this month its third-quarter “Colorado Springs Metro Area Apartment Vacancy and Rent...
Longtime Colorado Springs-area residents might remember Sylvia Jennings from her news-delivering days, when she and her husband Wayne worked as KKTV 11 News anchors. But now, many newcomers to the Springs who are looking for a home might know her in her Realtor role, as co-owner of Prudential Rocky...
Earlier this week the Realtors Commercial and Industrial Society (RCIS) met at the former RockShox offices at 1610 Garden of the Gods Rd. for its November monthly meeting. The commercial and development community turned out in force for remarks by Bill Healy, the city's new planning director. Based on...