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Residential Real Estate

No flowery prose today – there’s too much real estate news to pass on. From the opening of the 2002 Parade of Homes to the Urban Land Institute’s mid-year projections and a plethora of new transactions to report, the dog days of August will be anything but dull. HBA’s Parade of Homes Runs August 9-25 […]
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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 Alexan at […]
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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 early conversations with Healy, he’s ready […]
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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 of 2013, said the report, […]
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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 there are a lot of […]
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Judging by recent conversations with some of the commercial real estate community’s finest, the Pikes Peak region is suffering a few setbacks, but most brokers are busy. Foreclosures are up (29 recorded in the Daily Transcript this week), but savvy investors are poised for bargains – and new employers are still making announcements. Here’s hoping […]
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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 compared to June 2013 when […]
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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 on a vacant lot at […]
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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 can just go online, […]
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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 community in north-central Colorado Springs […]
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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 shopping centers. There’s some truth in […]
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