Tag: prices
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Colorado Springs home sales slump again in March, report shows
Colorado Springs-area home sales fell again last month as spiking mortgage rates continued to keep homes out of reach for some buyers. Sales totaled 941 in March, a 12.5% decline from the same month last year, a new Pikes Peak Association of Realtors market trends report shows. Except for a slight bump in February, year-over-year…
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Colorado Springs home sales and new construction rebound in February
Colorado Springs-area home sales rose in February for the first time in nearly two years, while the pace of home construction also jumped last month — encouraging signs for the local housing market that’s been battered by higher mortgage rates. The Pikes Peak Association of Realtors’ latest market trends report shows home sales totaled 792…
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Meet the new year, same as the old year; Colorado Springs home sales fall again in January
The new year looked a lot like the old year last month for the Colorado Springs-area housing market, as the pace of buying and selling slumped again and prices remained relatively stable. Even so, some local real estate agents are optimistic that the market is poised to rebound in 2024 as long-term mortgage rates decline.…
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Colorado Springs’ housing market slogs through tough 2023; optimism grows for 2024 rebound
Year-end numbers underscore what many homebuilders and real estate agents already knew: 2023 was a tough year for the Colorado Springs-area housing market. “We expected a downturn in 2023, but the downturn was quite a bit more than we anticipated,” said Ed Gonzalez, executive vice president of Campbell Homes, one of the Springs’ oldest locally…
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Colorado Springs home prices set more record highs; average price tops $500K
The trend isn’t necessarily your friend if you’re trying to buy a single-family home in the Colorado Springs area. Local home prices soared to a new round of record highs in June, as the average price cracked the $500,000 mark for the first time, according to a monthly market trends report released Thursday by the…
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Colorado Springs home prices set more record highs; average price tops $500K
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The trend isn’t necessarily your friend if you’re trying to buy a single-family home in the Colorado Springs area. Local home prices soared to a new round of record highs in June, as the average price cracked the $500,000 mark for the first time, according…
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Soaring material costs create sticker shock for Colorado Springs homeowners, builders and contractors
Buying a home from a local builder? Hiring a remodeler to construct a backyard deck or finish your basement? Installing a wood privacy fence on your own? Grab your pocketbook and get ready to dig deeper than the hole for that new fence post. Skyrocketing building material costs over the last year — particularly for lumber…
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Another month, another record for home prices in Colorado Springs
Colorado Springs-area home prices ascended to record highs again last month, as a shortage of single-family homes for sale and a furious demand for housing combined to send prices soaring. “It’s a wild and crazy housing market,” said longtime real estate agent Harry Salzman of Salzman Real Estate Services and ERA Shields Real Estate. The…