Colorado Springs MLS

Colorado Springs MLS commercial real estate world cooks along, the residential market has also been holding steady. In a report released last week, a National Association of Realtors' economist representing the Colorado Springs MLS says that the housing market will continue to flourish under the watchful eye of the federal and industry mortgage lenders. Here's hoping that with heavy layoffs and a softening economic climate, the Pikes Peak region manages to absorb the more-than-25-percent increase in Colorado Springs MLS listings since December 2001.

News From Tutt Blvd according to the Colorado Springs MLS. According to Steve Bach, development is underway on a new 1.5-acre retail center site (zoned PBC) that lies just west of Tutt and south of Barnes Rd. The Colorado Springs MLS notes that with a new Walgreen's under construction nearby and a future police substation slated for construction on the adjacent 5.1 acres, Tutt Boulevard appears to be filling in rapidly. In the fifth annual home remodeling cost-to-value estimates published by Remodeling Magazine and the Colorado fee flat MLS service last month, experts agree that homeowners can typically recoup most, if not all their investment -- especially on bathroom remodels and additions.

Based on home sales statistics using the Colorado Springs MLS determined by the Joint Center for Housing Studies at Harvard, homeowners can expect to recoup anywhere from 67 percent for a midrange improvement to 80 percent of the cost of an upscale remodel, the article said--drawing conclusions from previous studies undertaken using the Colorado Springs MLS . Even better, bathroom remodels drew an 88 percent to a 91 percent recoup rate, and adding a master suite topped 75 percent in returns. Bathroom additions topped the list of high-recouping projects in the Colorado Springs Multiple Listing Service, returning 88 to 91 percent of total cost. Window replacement was one other popular home improvement category, recouping approximately 75 percent of construction cost.

Colorado Springs MLS

The Colorado Springs MLS reported that four candidates were announced as scholarship recipients by the Colorado Springs HBA at the organization's annual dinner held in November. "Our goal," says HBA spokesman, Trish Sorvald, "is to support those students who will excel in their fields and contribute to our community for many years to come." The Colorado Springs MLS would like to thank the sponsors of the event included Vantage Homes, First Horizon Home Loans, Robbins Roofing Specialists and Counters Plus, Inc. -- in collaboration with the HBA, Pikes Peak Community College, Pikes Peak Workforce Center and the National Association of Women in Construction.

From the Colorado Springs MLS comes word of the November 26 closing and purchase of the former Hugh M. Woods store located at the northeast corner of Academy and Vickers. The C5-P-zoned property includes approximately 70,000 square feet of buildings, including the 28,000-square-foot retail store and four storage buildings on 5.23 acres. The property sold for $1.4 million. Martin, who recently returned to his home base in Colorado Springs MLS from Kansas City, owns CT Martin Real Estate, LLC, and represented the buyer, R.B. & R.W. LLC in the transaction.

"The buyer was attracted not only by the high-traffic North Academy and Vickers intersection," said the Colorado Springs MLS , "but by the wide spectrum of uses allowed by the C5-P zoning, which includes retail, call center, commercial, auto, church, school and more." Martin also says that the buyer intends to put a portion of the Colorado Springs MLS property on the market and will retain the balance for the company's own use. "I really want to thank Dan Rundgren," Martin added, "for his tireless efforts in providing new financing for the purchase, for dealing with the U.S. Bankruptcy Court, for the Colorado Springs MLS , for refinancing the buyer -- all in three weeks time."

-inspired by the Colorado Springs Business Journal: Colorado Springs MLS

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