🏡 Latest Home Sales and Market Insights in Colorado Springs

COS Local Real Estate Edition | Issue #24-041 2/10/24

10 Feb • Estimated Reading Time: 12 minutes

COS Town Tidings Issue #24-041

Real Estate Edition - bimonthly

Alert: 🏈 Super Bowl Snacks Recalled Amid Listeria Outbreak

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

  • Black Forest

  • Briargate

  • Broadmoor

  • Cimarron Hills

  • Banning Lewis Ranch

🏠 Fed Holds Rates: What It Means for Mortgages  📉

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🌞 COS Weather - Snow, accumulations 2-4” with bands around Briargate could reach up to 6” by Sunday morning

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🏈 Super Bowl Snacks Recalled Amid Listeria Outbreak

New recalls issued for bean dips, enchiladas, and taco kits due to listeria outbreak linked to Rizo Lopez Foods Inc. Check FDA's list for affected products and dispose of them.

 

Why can't football players wear glasses on the field?

👉 Because it's a contact sport 🤣

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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: $755K (-24.7%), $255/sqft (+6.5%). Average days to sell: 51; hot properties: list price in 30 days. Nov '23 - Jan '24: 44% move out, top metros for moving in: Denver, Los Angeles, Dallas.

Properties recently sold:

  1. Feb 6, 2024: 11147 Shaugnessy Rd, COS 80908; Sold for $1,172,000 | 5 Beds | 3.5 Baths | 4,929 Sq Ft (Forest Gate - Single Family Residential)

  2. Feb 5, 2024: 7425 Tobin Rd, COS 80908; Sold for $761,030 | 5 Beds | 2.5 Baths | 4,170 Sq Ft (Hughes - Single Family Residential)

Briargate

Briargate housing market is somewhat competitive. Median price: $460K (-1.6%), $201/sqft (+1.3%). Average days to sell: 41; hot properties: ~1% above list in 22 days.

Properties recently sold:

  1. Feb 9, 2024: 4071 Purple Plum Way, COS 80920; Sold for $650,000 | 3 Beds | 3 Baths | 2,907 Sq Ft (Pine Creek - Single Family Residential)

  2. Feb 8, 2024: 7925 Contrails Dr, COS 80920; Sold for $553,000 | 4 Beds | 3.5 Baths | 2,701 Sq Ft (Meadow Ridge At Briargate - Single Family Residential)

  3. Feb 7, 2024: 7775 Hickorywood Dr, COS 80920; Sold for $525,000 | 5 Beds | 2.5 Baths | 3,605 Sq Ft (Woodside At Briargate - Single Family Residential)

Broadmoor

Broadmoor housing market is somewhat competitive. Median price: $724K (-11.2%), $265/sqft (+48%). Average days to sell: 66; hot properties: list price in 32 days.

Properties recently sold/rented:

  1. Feb 2, 2024: 21 Cypress Ln, COS 80906; Sold for $1,195,000 | 5 Beds | 3 Baths | 3,152 Sq Ft (Piedmont - Single Family Residential)

  2. Jan 31, 2024: 40 Lake Ave, COS 80906; Sold for $724,000 | 4 Beds | 3 Baths | 2,280 Sq Ft (Broadmoor - Single Family Residential)

  3. Jan 31, 2024: 124 Miramar Dr, COS 80906; Sold for $545,000 | 3 Beds | 3 Baths | 3,589 Sq Ft (Springlake - Townhouse)

Cimarron Hills

Cimarron Hills housing market is somewhat competitive. Median price: $375K (-7.5%), $198/sqft (-14.7%). Average days to sell: 42; hot properties: list price in 18 days.

Properties recently sold:

  1. Feb 9, 2024: 1273 Soaring Eagle Dr, COS 80915; Sold for $269,900 | 2 Beds | 1.5 Baths | 960 Sq Ft (Eaglecrest Townhomes)

  2. Feb 9, 2024: 2770 Fredricksburg Dr, COS 80922; Sold for $270,000 | 4 Beds | 2 Baths | 1,656 Sq Ft (Constitution Hills - Single Family Residential)

  3. Feb 5, 2024: 6873 Noble St, COS 80915; Sold for $350,000 | 3 Beds | 2 Baths | 1,277 Sq Ft (Cimarron Southridge - Single Family Residential)

Banning Lewis Ranch

Banning Lewis Ranch housing market is somewhat competitive. Median price: $393K (-2.0%), $181/sqft (+0%). Average days to sell: 45; hot properties: list price in 16 days.

Properties recently sold:

  1. Jan 30, 2024: 6054 John Muir Trl, COS 80927; Sold for $425,000 | 3 Beds | 2.5 Baths | 1,898 Sq Ft (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 (Single Family Residential)

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

🏠 Fed Holds Rates: What It Means for Mortgages 📉

Mortgage rates in 2024 remained below 7%, with a slight increase from last year. Experts predict a gradual decline as the Federal Reserve considers rate cuts, but significant drops may not occur until later in the year.

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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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