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 📉
🤝 Partner with us - Affordable Advertising
📆 Upcoming Local Events - updated daily
🌞 COS Weather - Mild temps
Today’s Real Estate Roundup is Sponsored by Your Neighborhood Realty!
Where does it feel the warmest in the house?
👉 The corner — it’s always 90 degrees 🤣
🏡 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:
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)
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)
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)
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)
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)
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:
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:
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)
Jan 25, 2024: 145 Terrace Dr, COS 80906; Sold for $535,001 | 0 Beds | 0 Baths | .51 Acres (Colorado Springs - Vacant Land)
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:
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)
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)
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)
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:
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)
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:
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.
👇Feedback Request 👇
🤝 Maximize Your Reach, Be Seen 30,808 Times Monthly! Partner with us through affordable advertising options benefitting both our valued subscribers and cherished local businesses. 💖
📅 Upcoming COS Area Events
Jan 27th 2-5 PM: 3-Hour Original Colorado Springs Food Tour @1 Tejon St $69-$87
Jan 27th - Feb 25th (Weds-Sundays): Ice Castle @Cripple Creek $21-$27
Jan 27th (every Fri & Sat in Jan), 3:30 PM: 2.5-Hour Cocktails & Canapés Walking Tour @1 N Tejon St. $79 per person Must be 21+
Jan 27th, 7:30 & 9:30 PM: Paul Hoope @Loonees Comedy Corner, 1305 N. Academy Blvd $12-$75 Age: 21+
Jan 27th-28th, 9 AM-5PM (27th) & 10 AM-3 PM (28th): Train Expo Colorado @Colorado Springs Event Center, 3960 Palmer Park Blvd $11
Jan 27th, 10 AM - 2 PM: Winter Bird Festival @North Cheyenne Cañon Park $5/family donation suggested
Jan 27th, 1-3 PM: Truffle Tasting @Cole Market, 7830 N Academy Blvd FREE
Jan 27th, 2 PM: Paper Quilling Butterfly class @Mastiff Studios Makers Market - 2919 W. Colorado Ave $25
Jan 27th, 7:30 PM: RIP Improv @Millibo Art Theater, 1626 S. Tejon St $15
Jan 28th, 10 AM - 2 PM (every Sun): Backyard Market at Park Union @108 W Cimarron St FREE
Jan 28th, 11 AM - 1 PM: Flower Truck | $10 Bottomless Mimosas @Painting With a Twist | Powers Blvd $39-$49
Jan 31st, 10-11 AM (Every Wed): Beginner Yoga @Yoga Studio Satya 1581 York Rd $15
Feb 1st, 7-9 PM (every Thurs): Trivia Night @Bell Brothers Brewing 114 N Tejon St #100 FREE
Feb 2nd-4th, (Fri 2-7 PM, Sat 10 AM-7 PM, Sun 10 AM - 5 PM): L&L COLORADO SPRINGS HOME & GARDEN SHOW @Norris Penrose Center, 1045 Lower Gold Camp Rd $3
Feb 3rd, 10:30 AM - Noon: Confections by Charlee Winter Warm Cookie Decorating Class @Library 21c CREATE SPACE, 1175 Chapel Hills Dr $60 (Only 3 tickets left)
Feb 3rd, 12-2 PM: Winter Cuddles @Painting With A Twist, Downtown $41-$49
Feb 10th, 10 AM - 2 PM: Winter Fun at Fox Run fundraiser @Fox Run Regional Park, 2110 Stella Dr $5
If you OWN a local business and would like to be featured in front of a growing following of Colorado Springs area residents OR if you absolutely LOVE a local business we wanna know!
👇Click an option below:
🙌 We need your help!
Will you do us a favor and spread the word? Know somebody who lives in Colorado Springs and would benefit from being kept in the know?
👉Are you a member of Nextdoor? If so, please share the link to our newsletter there too!👈
Please share Colorado Springs Town Tidings with them! Just click the button! 👇👇👇
How did we do on this issue?
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
