BrokerageIndustry News

Denver market is hot, Colorado Springs warm

Real Estate Market Q-and-A

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Homes, especially lower-priced homes, are a hot commodity in the Denver area, which has forced their prices up. The military-dependent economy of the Colorado Springs, Colo., area makes a more stable, if precarious, market, say in-the-know real estate professionals in the two markets who shared their insights with Inman News. Because of rising rental prices, decades-low rental vacancies, and many residents in the first-time homebuyer bracket and a low inventory overall, Denver is experiencing an incredibly high demand for homes in the sub-$250,000 price range, said Stacie Staub, a Denver-area real estate agent with Live Urban Real Estate, in a Q-and-A with Inman News. Demand has pushed prices up in this category by 10 percent on a year-over-year basis, and led to very low inventory and tremendously short selling times, Staub said. This first-time-buyer free-for-all is not the case 70 miles south on I-25 in Colorado Springs, said Kelley Barcus, chief financial officer of Saddletree Ho...