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Pueblo real estate is booming with buyers looking for a slower lifestyle

The sellers market in Pueblo is at one of its all-time highs
Posted at 7:08 PM, Jan 21, 2021
and last updated 2021-01-22 11:01:36-05

PUEBLO — Housing developments are popping up all throughout Pueblo county, from the Mesa to the West side. So, what’s driving this boom in Pueblo’s real estate?

The answer might be people like John Beaupre. Beaupre spent the last 40 years as a single-dad, raising his daughters in Boulder through their high school graduations. Now that his children are in college, he’s decided it’s time to focus on himself. The first step in his new chapter was moving to Pueblo back in July of 2020.

“I kinda feel like I’ve turned the clock back 20 years,” said Beaupre reflecting on his new life in Pueblo.

“No traffic jams. Now crowds at the stores or the restaurants. No crowded trailheads.”

Casey Edwards, a Broker Owner at Remax of Pueblo, says these types of moves are a growing trend.

“What I really feel has been happening, especially from the Denver market is people are kind of getting sick of being in the big city, cashing in on the real estate that they have up there, coming down here... with a lot of times cash... and buying something and staying in our community.” said Edwards.

According to data Edwards shared, houses in Pueblo are selling for well-over $200,000 - roughly double what they did just five years ago. Plus, the number of out-of-town agents who sold homes in Pueblo within the last year rose from 2-3%, to 7.5%.

However, a house in Pueblo is still about half the cost of one in a place like Boulder or Denver, says Beaupre.

Beaupre also happens to be a real estate agent and says people often assume that is why he made the move.

“Real estate’s one more reason to think about Pueblo, but for me it’s really the quality of life! I would probably pay as much to live in Pueblo as Boulder or Denver, because I feel that the quality of life is better.”

Edwards says right now there is only a one-month supply of houses available in Pueblo, but not enough large builders and developers to meet the needs of the market.