How awesome is that! Forbes magazine wrote the article stating that Colorado Springs is ranked #3 for housing recovery!! Sales activity is up 14% in Colorado Springs. Now 20% of sales were foreclosures. But my thoughts are that atleast they are getting sold! It could be worse and not even those were selling. They do feel that even though sales are up, that doesn't mean pricing of homes is up. However if you look at the statistics, provided by PPMLS. You will see a drop of almost $20,000 from last year. However in March of 2009, the average sale price started to go back up, after plummeting from last year. So that is another good indication for Colorado Springs.
Some will say that it is because of the all the military coming in and I say, "you betcha". They are helping give our economy a boost that we have needed! Another reason to be thankful and appreciative of our military! We can thank our military for not only defending our Country but also helping our economy here in Colorado Springs.
God Bless you men, woman and your families!!
Jeff Ryder Team