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Old 05-03-2017, 05:35 PM
 
Location: Arizona
1,014 posts, read 754,019 times
Reputation: 1173

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What is Gallagher amendment?
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Old 05-03-2017, 06:38 PM
 
6,325 posts, read 8,740,414 times
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Quote:
Originally Posted by DrDog View Post
What is Gallagher amendment?
https://www.greateducation.org/stati...bor-gallagher/
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Old 06-07-2017, 05:46 AM
 
Location: Colorado Springs
6,455 posts, read 7,062,969 times
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Default May 2017 Update

Market is still hot although starting to cool down a wee bit:

Colorado Springs home prices and sales remained torrid in May | Colorado Springs Gazette, News

"The median price of homes that sold in May climbed to $280,000 - the third straight month that prices set a record, says a report by the Pikes Peak Association of Realtors. The median is the mid-point of all sale prices for the month.

The average price also hit a record, $319,969, for homes sold during May, the report showed. Real estate professionals and economists consider the median more reliable, because the average can be skewed by a few very high or low sale prices."


and

"Pending sales dropped nearly 10 percent for the month on a year-over-year basis. If pending sales are falling, then closings - or completed sales - also might be on their way down, he said.

The tight supply of homes for sale likely is leading to the slowdown, Van Wieren said; if buyers don't have enough choice, they can't buy a house.The inventory of homes for sale totaled 1,859 in May, or 19 percent lower than the same month last year."
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Old 07-07-2017, 05:54 AM
 
Location: Colorado Springs
6,455 posts, read 7,062,969 times
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Default June 2017 update

"The median price, or midpoint, of homes that sold in June jumped to $285,250 - the fourth consecutive month that sale prices have set a record, according to a report released Thursday by the Pikes Peak Association of Realtors.

Prices also have increased on a year-over-year basis each month since December 2014, or a streak of 31 straight months."


Colorado Springs-area home prices and sales set more records in June | Colorado Springs Gazette, News

"- Homes stayed on the market for an average of only 26 days before selling. By comparison, homes spent an average of 31 days on the market a year ago before they sold; in June 2015 average days on the market totaled 71 days."

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Old 07-07-2017, 10:37 AM
 
Location: Arizona
1,014 posts, read 754,019 times
Reputation: 1173
Quote:
Originally Posted by Vision67 View Post
"The median price, or midpoint, of homes that sold in June jumped to $285,250 - the fourth consecutive month that sale prices have set a record, according to a report released Thursday by the Pikes Peak Association of Realtors.

Prices also have increased on a year-over-year basis each month since December 2014, or a streak of 31 straight months."


Colorado Springs-area home prices and sales set more records in June | Colorado Springs Gazette, News

"- Homes stayed on the market for an average of only 26 days before selling. By comparison, homes spent an average of 31 days on the market a year ago before they sold; in June 2015 average days on the market totaled 71 days."

I find it interesting that the article says that activity is concentrated in homes below $250k. Where are all these cheap homes?
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Old 07-07-2017, 11:35 AM
 
837 posts, read 578,289 times
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Quote:
Originally Posted by DrDog View Post
I find it interesting that the article says that activity is concentrated in homes below $250k. Where are all these cheap homes?
We just sold our home we bought 6.5 months ago in Springs Ranch. It went in a day. We paid $215k, sold for $240k.

It's one of the smallest homes in the neighborhood though at just over 1200 sq. ft with 3bd/2bath, average lot. It's a 2003 in decent condition I'd say. There's a few more like it in our area & Stetson Hills. Our agent says they go quick!

My husband is making us move back to Denver to buy an income restricted townhome in Stapleton. Right off a busy street, no yard, next to a highway. I'm a bit bitter. I love it here. This neighborhood was great and perfect for our family, our 4 year old was signed up for the school. Not to mention our, "income qualified," townhome will be about $500 more a month & we have to rent a $1600 apartment until it's done. Yay.
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Old 07-07-2017, 12:32 PM
 
1,041 posts, read 755,230 times
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Was is the god-awful I-25 commute that did it?

Sometimes the lower housing costs are JUST NOT WORTH IT!
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Old 07-07-2017, 12:56 PM
 
Location: Colorado Springs
3,816 posts, read 3,279,329 times
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Quote:
Originally Posted by DrDog View Post
I find it interesting that the article says that activity is concentrated in homes below $250k. Where are all these cheap homes?
East, south-east, south. Occasionally you will find them in the central or western areas, but not often. A quick check shows around 30+ units under $275k throughout the city ( I think. PPAR has changed their site and I haven't quite figured out its navigation yet). Most are east, south-east but there is one central and two just west of I-25.

Last edited by TCHP; 07-07-2017 at 01:06 PM..
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Old 07-07-2017, 07:50 PM
 
6,325 posts, read 8,740,414 times
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Quote:
Originally Posted by DrDog View Post
I find it interesting that the article says that activity is concentrated in homes below $250k. Where are all these cheap homes?
Come to Widefield/Security/Fountain - lots of inventory under 250 unless it is new.
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Old 07-08-2017, 08:07 AM
 
837 posts, read 578,289 times
Reputation: 1072
Quote:
Originally Posted by LHS79 View Post
Was is the god-awful I-25 commute that did it?

Sometimes the lower housing costs are JUST NOT WORTH IT!
No, he can work from home mostly, but we had some internet issues that were making it impossible so he was only coming home on weekends. Then a promotion, didn't want an even lower paying job here, etc.

But the drive is really awful.
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