Pueblo’s trend of an active real estate market is continuing, and January real estate figures indicate the situation is a boon for sellers.
“It’s a great time to sell because the market is up,” said Dave Anderson, Pueblo Association of Realtors chief number cruncher. It’s a bad time to buy because there’s not much to look at.”
Buyers can stretch their housing dollars “because interest rates are still low,” Anderson said. “It’s just a matter of finding a home that will work for you and jumping on it that day.”
When compared with last year, January saw a 31.3% increase in home sale prices 29.7% of that attributed to single-family home sales. The number of properties sold was relatively similar with 186 sold in January 2020 and 190 sold in January this year, but the amount of dollars the sales brought increased.
In an afternoon work session of the Pueblo county commissioners, the executive director of the Pueblo City-County Library District requested $187,500 as part of an $11 million Robert Hoag Rawlings Public Library renovation project.
Jon Walker, executive director of the library district, informed the commissioners that the majority of funds for the project have been secured but that the requested funding from the county would account for half of a match needed for an additional portion of a National Endowment for the Humanities grant.
Of the $11 million renovation project, $9 million will be provided through existing library funds. The library district has qualified to receive up to $500,000 in NEH funds, provided there is a matching donation from another organization. The grant provides that for each $375,000 raised by library staff, the NEH will match with $125,000. This means the library needed to raise $1.5 million in private funding.
Colorado Springs City Council approved Jan. 12 annexing nearly 900 acres north of the 18,500-acre Banning Lewis Ranch on the city’s east side, at the request of owner Nor’wood Development