Reports of lower numbers of foreclosures and mortgage delinquencies on a Colorado Springs CO home are not surprising. The Colorado Springs real estate market has fared better than many cities throughout the nation. Foreclosures affect Colorado Springs CO home prices negatively by diluting the market with lower-priced homes. Fortunately, it appears that the anticipated shadow inventories may be minimal According to an article published in the Colorado Springs Business Journal on January 29, 2013, the … [Read more...]
Archives for January 2013
El Paso County Leads for Colorado Home Permits
Permits for Colorado homes in El Paso County surpassed the numbers in every other county in Colorado, according to the Colorado Springs Business Journal on January 21, 2013. In the first 11 months of 2012, there were 2,208 building permits issued in El Paso County. The area includes outlying communities such as Woodland Park, Manitou Springs, Peyton, Fountain, Monument, Black Forest as well as Colorado Springs homes. It is encouraging to see over 2,000 new single-family homes in Colorado Springs are … [Read more...]
Colorado Springs Home Market Mid-Winter 2012
As of the end of December 2012, Colorado Springs home sales are off to a good winter thrust. In fact, both the Denver and Colorado Springs real estate markets are showing encouraging signs of improvement. On December 31, there were almost 400 pending home sales in El Paso County. Approximately 1300 homes sold during November and December. The average sales price during those two months was between $235,000 and $240,000. Sellers received at least 98 percent of their listing prices. As with many … [Read more...]
Economic Indicators Improve for Colorado Springs Real Estate
Monthly Economic Indicators for Colorado Springs real estate continue to show cautious improvement through November 2012. In the report published by Summit Economics, LLC, data shows confidence for Colorado Springs home sales. Single-family home permits issued in El Paso County improved from approximately 1400 to 2100 units. Other promising news in the Colorado Springs real estate market has to do with 26.6 percent reduction in foreclosure filings. The data is seasonally adjusted at an annual … [Read more...]