🏡 Latest Home Sales and Market Insights in Colorado Springs

COS Local Real Estate Edition | Issue #24-027 1/27/24

27 Jan • Estimated Reading Time: 13 minutes

Inside COS Town Tidings Issue #24-027

Real Estate Edition - bimonthly

🤣 Today’s Chuckle

🏡 Unlock the Colorado Springs Housing Market: Latest Home Sales and Market Insights

  • Black Forest

  • Briargate

  • Broadmoor

  • Cimarron Hills

  • Banning Lewis Ranch

  • Downtown COS

🏠 2024 Mortgage Outlook: Hopeful Trends 📉

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🏡 Unlock the Colorado Springs Housing Market: Latest Home Sales and Market Insights

Black Forest

Black Forest housing market is somewhat competitive. Median prices: $835K (+3.7%), $262/sqft (+5.2%). Average days to sell: 60; hot properties: list price in 33 days. Oct '23 - Dec '23: 43% move out, top metros for moving in: Denver, Los Angeles, Dallas.

Properties recently sold:

  1. Jan 17, 2024: 19520 Still Glen Rd, COS 80908; Sold for $1,075,000 | 5 Beds | 6 Baths | 5,564 Sq Ft (Wissler Ranch - Single Family Residential)

  2. Jan 18, 2024: 17378 Abert Ranch Dr, COS 80908; Sold for $1,160,000 | 5 Beds | 5 Baths | 4,495 Sq Ft (Abert Ranch - Single Family Residential)

  3. Jan 19, 2024: 6445 Coolwell Dr, COS 80908; Sold for $810,000 | 4 Beds | 3 Baths | 3,096 Sq Ft (Black Forest Country Club - Single Family Residential)

  4. Jan 22, 2024: 7175 Baker Rd, COS 80908; Sold for $720,000 | 4 Beds | 3 Baths | 2,790 Sq Ft (Forest Park Estates - Single Family Residential)

  5. Jan 24, 2024: 19670 Still Glen Dr, COS 80908; Sold for $1,210,000 | 5 Beds | 4.5 Baths | 5,120 Sq Ft (Wissler Ranch - Single Family Residential)

  6. Jan 25, 2024: 16660 Papago Way, COS 80908; Sold for $1,120,000 | 5 Beds | 5 Baths | 3,384 Sq Ft (Cherry Creek Springs - Single Family Residential)

Briargate

Briargate housing market is somewhat competitive. Median price: $485K (+15.5%), $183/sqft (-14.7%). Average days to sell: 39; hot properties: ~1% above list in 22 days.

Properties recently sold:

  1. Jan 10, 2024: 9667 Snowberry Cir, COS 80920; Sold for $450,000 | 4 Beds | 2 Baths | 3,171 Sq Ft (Pine Creek - Single Family Residential)

Broadmoor

Broadmoor housing market is somewhat competitive. Median price: $1.2M (+83.8%), $310/sqft (+44.9%). Average days to sell: 62; hot properties: list price in 31 days.

Properties recently sold/rented:

  1. Jan 17, 2024: 3127 Broadmoor Valley Rd #D, COS 80906; Sold for $377,000 | 3 Beds | 2 Baths | 1,893 Sq Ft (Villa Pourtales - Condo/Co-op)

  2. Jan 25, 2024: 145 Terrace Dr, COS 80906; Sold for $535,001 | 0 Beds | 0 Baths | .51 Acres (Colorado Springs - Vacant Land)

  3. Jan 26, 2024: 11 E Ramona Ave, COS 80905; Rented for $3,750/mth | 3 Beds | 3.5 Baths | 2,853 Sq Ft (Ivywild - Townhouse - RENTAL)

Cimarron Hills

Cimarron Hills housing market is somewhat competitive. Median price: $405K (+1.9%), $218/sqft (+.9%). Average days to sell: 44; hot properties: list price in 18 days.

Properties recently sold:

  1. Jan 17, 2024: 4680 Pika Pt, COS 80922; Sold for $240,000 | 3 Beds | 2 Baths | 1,624 Sq Ft (Chateau At Antelope Ridge - Single Family Residential)

  2. Jan 19, 2024: 6385 Bismark Rd, COS 80922; Sold for $357,400 | 4 Beds | 2 Baths | 1,656 Sq Ft (Constitution Hills - Single Family Residential)

  3. Jan 26, 2024: 3762 Pronghorn Meadows Cir, COS 80922; Sold for $475,000 | 4 Beds | 3.5 Baths | 2,504 Sq Ft (Pronghorn Meadows - Single Family Residential)

  4. Jan 26, 2024: 2245 Reed Grass Way, COS 80915; Sold for $493,000 | 3 Beds | 3 Baths | 2,827 Sq Ft (Wilshire - Single Family Residential)

Banning Lewis Ranch

Banning Lewis Ranch housing market is somewhat competitive. Median price: $504K (+10.2%), $161/sqft (-16.4%). Average days to sell: 43; hot properties: list price in 16 days.

Properties recently sold:

  1. Jan 12, 2024: 6664 Monterey Pine Loop, COS 80927; Sold for $465,000 | 4 Beds | 3 Baths | 2,575 Sq Ft (Banning Lewis Ranch - Single Family Residential)

  2. Jan 16, 2024: 8167 Silver Birch Dr, COS 80927; Sold for $570,000 | 5 Beds | 3.5 Baths | 3,116 Sq Ft (Banning Lewis Ranch - Single Family Residential)

Downtown Colorado Springs

Downtown Colorado Springs housing market is not very competitive. Median price: $285K (-26.5%), $249/sqft (-16.6%). Average days to sell: 59; hot properties: list price in 13 days.

Properties recently sold:

  1. Jan 24, 2024: 622 N Nevada Ave, COS 80903; Sold for $555,000 | 4 Beds | 3 Baths | 4,127 Sq Ft (Colorado Springs Addition - Single Family Residential)

🏠 2024 Mortgage Outlook: Hopeful Trends 📉

Mortgage rates have eased to 6.69%, down from October's 7.79% peak. The Federal Reserve's decision to maintain rates signals a potential downward trend in 2024, offering relief to homebuyers. Experts anticipate rates nearing 6.5% by year-end, impacting affordability positively.

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The latest Real Estate Roundup issue, focusing on the dynamic and ever-evolving Colorado Springs housing market. Our team has compiled* essential market insights to help you stay ahead in your real estate endeavors. *Data source: Redfin

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