Increased single-family home sales and rising prices last month capped off the best performance for the Colorado Springs-area re-sale market in five years, a Pikes Peak Association of Realtors report shows.
Read all of Colorado Springs Real Estate Market Hits 5 Year High
More people bought previously occupied homes in January. But the increase was driven by rising foreclosures and all-cash purchases by investors, while the number of first-time buyers shrank.
Prices sank to their lowest levels in nearly nine years, a troubling sign for the struggling housing sector.
Read all of Foreclosures, cash deals lifted January home sales
COLORADO SPRINGS — Colorado Springs City Council Tuesday approved condemnation on 13 Pueblo West properties along the route of the Southern Delivery System, despite objections from several of the property owners.
The property owners maintained they were not treated fairly, and that Colorado Springs Utilities failed to negotiate its offers. One said he signed an agreement Monday only after being strong-armed into the deal, and that he is still upset that his concerns about land value were not addressed at all.
Council voted 7-1 to proceed with eminent domain, believing Utilities staff has exhausted all other avenues to solve the problem. Even at that, Mayor Lionel Rivera questioned Project Director John Fredell after it was revealed that Colorado Springs could spend up to $5,000 to help settle disputes of easement payments as low as $1,550.
Read all of Pueblo West property owners lose SDS battle
EAGLE COUNTY, Colorado — Eagle County's remains home to more than 50,000 souls, according to Census Bureau reports released Wednesday, despite anecdotes that the county hemorrhaging population.
The 2010 Census puts Eagle County's population at 52,197, up 25 percent from 41,659 in 2000.
Of those, 30 percent are Hispanic or Latino, 15,689.
Interestingly, almost exactly half of Eagle County's school children are Hispanic or Latino, according to school district statistics.
Read all of Census Beaurea Reports, El Paso County now most populated in State
Have only plastic in your wallet but need a marriage license or plates for your car?
If you’re willing to cough up a little more money, you’ll soon be able to use a credit or debit card to pay for these and other services of the El Paso County Clerk and Recorder.
Read all of Plastic will soon be an option at clerk and recorder's office
For the fourth consecutive month, builder confidence in the market for new, single-family homes remained unchanged at 16 in February, according to this month’s National Association of Home Builders/Wells Fargo Housing Market Index.
The index is based on a monthly survey that NAHB has been conducting for more than 20 years. It serves to gauge builder
Read all of Builder Confidence Remains Weak, Says NAHB
A new Texas-based taco franchise is breaking into the Colorado market in Fort Collins with inexpensive tacos and beers.
Fuzzy's Taco Shop is opening its first Colorado location at 1335 W. Elizabeth St. in Westpark, west of the CSU campus in June.
Marc Rogers, Colorado franchise owner, said he looked at Colorado Springs, Boulder and Fort Collins to launch the inaugural Fuzzy's.
Read all of New Taco Franchise Coming to Colorado
This is a brief overview of all single family/patio homes for the buyer, investor and/or seller who wish to participate in the Colorado Springs Real Estate market.
When comparing the new listing and sales data from January 2010 to January 2011, here are some very positives numbers to consider, given the ongoing geo-political events, such as the Egyptian protests about radicalism, around the world:
Read all of Listing and Sales Summary- Colorado Springs Real Estate Market- January 2011
The Institute for Real Estate Management Economic Forecast breakfast was held yesterday in Colorado Springs. Several speakers addressed the real estate market in Colorado Springs and overall economic conditions.
Read all of 2011 Real Estate Forecast for Colorado Springs, from the Economic Forecast Breakfast
Pueblo West landowners refuse to sell land for SDS
Springs City Council tells utility to keep negotiating with landowners.
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Pueblo West landowners refuse to sell land for SDS By DANIEL CHACON | McCLATCHY-TRIBUNE The Pueblo Chieftain | 0 comments
Colorado Springs Utilities will have to take another crack at negotiating agreements with a group of Pueblo West property owners who refused to give up their land to make way for the 62-mile Southern Delivery System water pipeline.
Colorado Springs City Council on Tuesday refused to give Utilities the authority to use eminent domain to acquire 15 property easements in Pueblo West that are standing in the way of a nearly 7-mile stretch scheduled for construction this summer.
The council voted 8-1 to postpone the decision until Feb. 22 to give Utilities more time to try to reach a compromise with property owners, many of whom were holding out for more money.
Council members Bernie Herpin and Jan Martin voted in favor of the delay but expressed concerns about sending Utilities back into negotiations with property owners who had received offers based on what the city’s real estate manual allows.
‘‘I fear that we’re setting a bad precedent on this project, that all you have to do is hold out,’’ Herpin said.
While Utilities has acquired easements on about 167 properties, it has a long way to go.
Utilities needs to acquire about 300 property interests to build SDS, a pipeline designed to pump water uphill from Lake Pueblo to Colorado Springs by 2016.
Utilities focused on acquiring property in Pueblo West first to meet the conditions of a land-use permit that expires next year. The permit requires Utilities to take ‘‘substantial steps’’ to build SDS in Pueblo County by April 2012. The permit can be suspended or revoked if the terms are not met.
Four Pueblo West property owners facing condemnation raised concerns Tuesday about such things as dust and debris from the project and what they characterized as low-ball offers.
‘‘It’s not just the money, folks,’’ said Dwain Maxwell, who was offered $2,200 but is asking for $10,000.
‘‘It’s what they’re going to do to our property,’’ he said.
Martin said she hopes Utilities and the Pueblo West holdouts can find ‘‘common ground’’ in the next month.
‘‘I’m willing to let us take another couple of weeks and see if there is some maneuvering we can do here,’’ she said.
‘‘But I agree. I think it’s a very dangerous precedent to suddenly say, ‘Well, that manual works when it works, but when it doesn’t, we just won’t use it.’ We have asked our staff, not just asked our staff but expected our staff, to follow the real estate manual from the city, and that’s exactly what they have done,’’ she said.
‘‘The value of the easements was determined after diligent evaluation and consideration of the sales of comparable properties throughout Pueblo West, where many properties are currently listed for sale,’’ Utilities CEO Jerry Forte said in a memo to council. ‘‘The listing prices and final purchase prices for those properties consistently support the underlying values used in determining the compensation offered for the easements.’’
The manual gives Utilities little flexibility on how much money it can pay landowners.
Mayor Lionel Rivera and some council members said they might be willing to give Utilities more latitude on how much they can pay landowners, raising concerns among Utilities officials that land acquisition costs will go up.
‘‘I certainly don’t want this to seem like an open-ended check to the people out here in the audience,’’ Rivera said. ‘‘Someone who was offered $2,200 and wants $10,000, I think that’s a little bit unreasonable, so there has to be some kind of middle ground that’s based on sound logic, fairness and within the confines of the real estate manual.’’
John Fredell, SDS program director, said Utilities would take another stab at negotiations.
‘‘I think the direction is to go back, talk to the landowners, negotiate further and come back with what we think is a possible settlement,’’ he said.
‘‘We may or may not be able to get there,’’ he said.
Read all of Pueblo West landowners refuse to sell land for SDS