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Colorado Springs Real Estate Market Heats Up 2015

Monday, February 16, 2015

Colorado Springs Real Estate Market Heats Up 2015


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Don’t let all the cold, white stuff fool you; the 2015 real estate market is very warm so far in Colorado Springs. The highest number in five years of single family homes were under contract in January; 1695 compared to 1292 in January of 2014. January’s listing increase for single family homes was up 60.1% to 1,082, from the 676 seen in December 2014. In January 2015, Colorado Springs enjoyed total sales of 636, up 6.7% from 596 in January of 2014.

Zillow predicts Colorado Springs home values will rise 3.2% within the next year. The average sale price is up 11.4% at $261,311, and the median sale price has risen 10.9%, to $235,000. The average number of days spent on the market is in the typical range for the winter months at 106, just about where it was this same time last year.

The neighborhoods with the most exciting activity so far this year are East Colorado Springs and Briargate. The average listing price for the week ending February 4th in East Colorado Springs is up 9.7% to $285,225, with a median sale price of $174,000. Briargate saw an average listing price increase of 5.6% for the week ending February 4th, to $363,177, with a median sale price of $259,750.

The 9600-acre planned community, Briargate, has become one of the most sought after and rapidly growing areas in the northeast section of Colorado Springs. The jaw-dropping views of the Black Forest and Pikes Peak are easy viewing thanks to nearly 5 miles of inter-connecting trails. Four neighborhood parks offer unlimited recreational opportunities for all ages, stretching out over 15 acres. The Cordera Community Center provides 8,200 square feet of state-of-the-art fitness equipment and a heated outdoor pool.

Cordera is Briargate’s third and newest major residential community. Every street is a cul-de-sac, each with a different species of tree providing unique characteristics to every block. The communal cul-de-sac design encourages the strengthening of relationships between neighbors, fostering natural and relaxed interactions. Residents enjoy over 50 acres of open space along with top-of-the-line architecture and ENERGY STAR® certified homes from some of Colorado Springs’ most celebrated builders: Campbell Homes, Keller Homes, Saddletree Homes, Symphony Homes, and Vantage Homes.

Meridian Ranch is a master planned community located northeast of Pikes Peak. Offering over 2,600 beautiful acres in eastern Colorado Springs, Meridian Ranch is just minutes from the Colorado Springs Airport. New home prices range from $200,000 to $500,000 and the larger lots are nearly two acres.

A big draw at Meridian Ranch is the award-winning Antler Creek Golf Course. The player-friendly design with three lakes and a “prairie dune” feel offers golfers at all levels a rewarding and affordable game, with spectacular views of Pikes Peak at no additional charge.

The newest Meridian neighborhood, Stonebridge, will open in Spring of 2015 as an adult lifestyle-focused enclave with home prices starting in the $200,000 range. Stonebridge will provide a nice option to adults who have less need for the family-oriented amenities and focus of other neighborhoods.

Let Turner Associates show you why Briargate and East Colorado Springs are the biggest “movers and shakers” in our region so far this year!
 

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