Broadmoor Bluff, Colorado Springs, CO. Home Sales.
Everyone is saying the housing market is looking up. I'm be coming a big time believer. In the last 2 weeks 4 homes have gone under contract in my neighborhood. One has been on the market for 8/9 months and last week it sold for about 95% of its listing price of $575M ( not bad). The other 3 had price ranges of $365M to $435M.
We are still seeing seller concessions, like "Seller" pays closing costs, but that's the norm in this market.
I believe the market will continue to show improvements if the % for loans stay below 5%.
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