Colorado Association of REALTORS | Colorado Springs Fire Victims Remember Aftermath, Rebuilding
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Colorado Springs Fire Victims Remember Aftermath, Rebuilding

Jan 10 2022

Colorado Springs Fire Victims Remember Aftermath, Rebuilding

Colorado Springs REALTOR® Eddie Hurt remembers his home being destroyed in the 2012 Waldo Canyon: “In 2012, Colorado Springs home prices had been declining but leveled off by 2012 so that helped folks have sufficient insurance coverage,” he recalled. Fast-forward to 2022, and real estate in both the Colorado Spring and Boulder areas have seen home prices increase by about 20 percent since last year. Superior’s median sale price, specifically, increased by 45%. Aside from high home prices, people now are struggling with high home-construction materials and slow supply-chain effects. Moye has been fielding requests from prospective buyers wanting to buy cheap land and rebuild–“way too soon,” she said. And she talked to some whose home burned down and won’t rebuild. Moye said, “It’s just impossible to get a contractor to even remodel your kitchen, let alone build you a whole house.”

https://coloradosun.com/2022/01/10/waldo-canyon-fire-recovery-colorado-springs-mountain-shadows/

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