Luczak Group - The Blog

Information for happenings in the Real Estate Market in the Pikes Peak Region... and some things we just find interesting!


WASHINGTON (AP) ó U.S. sales of existing homes rebounded in February after declining for the previous two months, a sign that many Americans are still looking to buy despite rising prices and a shrinking number of homes available on the market.
Last year was another record setter for housing in the Colorado Springs area, and there are no signs of a market downturn in 2018. Single-family home sales totaled 16,337 in 2017, the third consecutive year that sales hit a record high, according to the latest report by the Pikes Peak Association of Realtors.
Homeowners who neglect routine maintenance heading into the colder months may find themselves faced with an expensive repair bill. For example, forgetting to clean the gutters could cause ice to build up and damage your roof. Windows and doors not properly sealed could cause your heating bills to surge
Construction is set to begin next year on the first segment of a project that will eventually connect Powers Boulevard and Interstate 25. Gary Erickson, developer of a retail center in northern Colorado Springs, said ground could be broken in May on a stretch of highway that will link the interstate and Voyager Parkway. He expects the first stretch will be completed in 2019, but when the full extension will be finished remains in question.
If you're looking for Colorado's hottest spot for hipsters, you're going to have to look past Denver. That's according to Yelp and Realtor.com, which ranked 297 U.S. cities to create their list of "The Hottest Hipster Markets." Colorado Springs was the state's top city for hipsters, ranking No. 10 nationally.
The 30-year run of Triple-A baseball in Colorado Springs will end in 15 months. The Elmore Sports Group announced Wednesday it is responding to ďpressure from within Major League BaseballĒ and moving the Triple-A Sky Sox to San Antonio for the 2019 season and replacing it in Colorado Springs with the short-season Rookie-level team currently in Helena, Mont.
More than 1,000 homes now can be built on a sliver of the massive Banning Lewis Ranch with a rezoning approved Tuesday by the Colorado Springs City Council. The move, opposed by Councilwoman Yolanda Avila and Councilman Bill Murray, comes as the next major step for Denver-based Oakwood Homes, which owns a 2,600-acre section of the ranch. Nor'wood Development Group owns about 18,000 acres there. Oakwood's portion, broken into six sections dubbed Village 1-6, will have parks, trails and schools.
Clients putting Zestimates on a pedestal? Point them toward this sale
Colorado Springs-area foreclosure activity continued to decline during the first quarter, according to a report Monday from the El Paso County Public Trustee's Office. During the first three months of 2017, foreclosure notices sent to property owners in the Springs and El Paso County totaled 286. That's down by nearly one-third when compared with the same period last year, the Public Trustee's report showed.
In the rapidly growing and competitive housing market, companies nationwide are finding it necessary to innovate in order to entice potential homebuyers to purchase properties. Toward that end, Colorado Springs-based homebuilder Vantage Homes recently introduced a new method for viewing and touring its many model homes — without even setting foot outside. On March 1, the company rolled out the use of virtual reality technology that is beginning to become a mainstay among many of the country’s real estate firms, although Marketing Manager Crystal Johnston said Vantage is the first homebuilder in the region to offer this particular service to its clients.