INVENTORY AND PRICES FOR REAL ESTATE IN COLORADO SPRINGS

Colorado Springs,  CO ~ October 18, 2005  Homes sales in Colorado Springs experienced an 8% increase in sales from 6,311 homes sold Jan-Jun 2004 to 6,848 homes for Jan-June 2005.  (Colorado REALTOR, Sept/Oct 2005).  Colorado's economic performance continues to improve, and the Rocky Mountain region leads the nation in employment gains and overall economic vibrancy.  Vectra Bank of Colorado Economist Jeff Thredgold, says "The five year period ending March 31, 2005 had the average Colorado home price rising 31.47%, again trailing the 50.53% rise for the nation.  A longer time horizon, (since 1980) saw Colorado home prices rise an average of 238.77%, in line with the national average rise of 248.83.  Given the current disparity between Colorado home prices and those in many U.S. markets, Colorado homes are reasonably priced and should register solid gains over the next 24 months".  Earlier this year John Cassiani, Marketing Executive VP for The Greater Colorado Springs Economic Development Corporation, announced an increase in 2038 jobs in Colorado Springs for 2004.

With jobs follow housing demands.  Colorado Springs is such a desirable place to live with clean air, mountain views and great schools.  Builders have done their homework and have put their money where their mouth's are.  Pulte, Saddle Tree, Classic and Richmond Homes are just a few that are building quality homes anticipating the growing demand.