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Residential Real Estate

At the Colorado Springs City Council session on Oct. 22, councilors were scheduled to vote on a trio of measures that will determine how short-term rental properties, commonly booked through websites like Airbnb, are regulated throughout the city in the years to come. On the agenda were proposed ordinance amendments...
Studies have shown that proximity to boutique and high-end grocery stores such as Trader Joe’s and Whole Foods can be a boon for home values. However, El Paso County officials say that living near one of these stores is not directly related to increased property values. A study released this...
By Faith Miller – Colorado Springs Independent Editor’s note: This is the second part in a three-part collaboration with the Business Journal’s sister publication, the Colorado Springs Independent, exploring in depth the region’s affordable housing challenges. It’s impossible to know how many people have been affected by the affordable housing shortage...
A shortage of entry-level homes in the Colorado Springs market is making it harder for Millennials to fulfill their American Dream. “I believe there are more young people that would be buying homes now, if there was more affordable inventory available to do so,” said Tony Rose, broker and owner...
People have discovered the drive from northern El Paso County to Denver isn’t so bad. A driver can reach The Denver Tech Center from Monument in about 40 minutes, said Terri Hayes, president and CEO of the Tri-Lakes Chamber of Commerce. “A lot of the families that we have in our...
The number of single women buying homes is on the rise both nationally and locally. “At least in the past year to year and a half, the majority of my clients have either been a couple buying a home or single women,” said Larissa Bottenfield, a broker associate for Re/Max...
Living in or near the city ranked second best in the United States comes at a price. “Rents and home prices keep going up. So does the number of people moving into the region,” said Steve Posey, the Department of Housing and Urban Development director for Colorado Springs. “Even though...
A steadily growing population throughout the region has made the leasing part of apartment property managers’ jobs fairly easy the past several years. However, since the beginning of January, the demand for apartments appears to have slowed slightly, likely due to seasonality and new units coming online, said Carmen Azzopardi,...
A quick internet search at the downtown public library easily yields a long list of potentially empty homes for a squatter to invade. Houses for sale as well as rental and vacation properties can be easy targets, according to Alex Yoder, director of residential management at Dorman Real Estate Services. “Anyone...
A tight residential real estate market and growing demand for housing have led to creative redevelopment and infill projects throughout Colorado Springs — but perhaps most noticeably on the Westside, where houses and multifamily buildings are going up on long-unused lots. GJ Gardner Homes is building an $800,000 modern duplex...
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...