COS Town Tidings #24-251

Real Estate Roundup Edition

🏡 Unlock the Colorado Springs Housing Market: Latest Home Sales and Market Insights - (Gmail will truncate, click to READ ONLINE)

• Black Forest

• Briargate

• Broadmoor

• Cimarron Hills

• Banning Lewis Ranch

• Mountain Shadows

• Old Colorado City

• Downtown Colorado Springs

📢 ATTENTION REATORS! 🏠

🏠 Is a Home Warranty Right for You? Find Out

📢 ATTENTION MORTGAGE BROKERS!

📉 Will Fed Rate Cuts Make Mortgages More Affordable?

🏡 Homes For Sale

📅 SAVE THE DATE - Last days to register

📆 Local Events 

🌤 COS Weather - Mostly sunny, warm with isolated shower

Today’s Real Estate Roundup is Sponsored by Your Neighborhood Realty!

My DIY skills are so advanced…

👉I can now hide any mistake with a piece of furniture🤣
 

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

Black Forest

Black Forest housing market is somewhat competitive. Median prices: $1.23M (+50.9%). Average days to sell: 41 (~2% below list); hot properties: list price in 11 days. Jun-Aug '24: 51% searched to move out, top metros moving in: Los Angeles, Denver, Dallas.

Properties recently sold ranging from $689K to $2.7M. Click to view Black Forest listings

Briargate

Briargate housing market is very competitive. Median price: $528K (+1.4%). Average days to sell at list: 28; hot properties: +1% above list in 10 days.

Properties recently sold ranging from $319K to $680K. Click to view Briargate listings

Broadmoor

Broadmoor housing market is somewhat competitive. Median price: $715K (-44.9%). Average days to sell: 44 (~3% below list); hot properties: list price in 9 days.

Properties recently sold ranging from $370K to $1.2M. Click to view Broadmoor listings

Cimarron Hills

Cimarron Hills housing market is somewhat competitive. Median price: $375K (-5.6%). Average days to sell: 33; hot properties: +1% list price in 11 days.

Properties recently sold ranging from $224K to $500K. Click to view Cimarron Hills listings

Banning Lewis Ranch

Banning Lewis Ranch housing market is very competitive. Median price: $498K (-9.55%). Average days to sell: list: 27; hot properties: +1% list price in 9 days.

Properties recently sold ranging from $510K to $605K. Click to view Banning Lewis Ranch listings

Mountain Shadows

Mountain Shadows housing market is somewhat competitive. Median price: $610K (+.7%). Average days to sell: 36 (~1% below list); hot properties: list price in 21 days.

Properties recently sold ranging from $620K to $1.3M. Click to view Mountain Shadow listings

Old Colorado City

Old Colorado City housing market is somewhat competitive. Median price: $572K (+41.3%). Average days to sell: 41 (~2% below list); hot properties: ~ list price in 17 days.

Properties recently sold ranging from $242K to $1.6M. Click to view Old Colorado City listings

Downtown Colorado Springs

Downtown Colorado Springs housing market is not very competitive. Median price: $910K (+153.5%). Average days to sell: 63 (~3% below list); hot properties: list price in 27 days.

Properties recently sold for $430K. Click to view Downtown Colorado Springs listings

⭐Support Our Local Businesses!⭐

📢 ATTENTION REALTORS! 🏠

Are you a local realtor (or know one) wanting to become one of our experts? Or are you selling a home or property? We can also list open houses. Inquire for details at [email protected] 

🏠 Is a Home Warranty Right for You? Find Out

A home warranty can be a great tool for homeowners, offering protection and peace of mind from unexpected repair costs. Whether you’re a long-time homeowner or just bought your first home, here’s why a home warranty might be a smart investment:

• Covers Repair and Replacement Costs
  Protects major systems and appliances like HVAC, plumbing, electrical, and kitchen appliances from breakdowns due to normal wear and tear.

• Provides Budget Protection
  Helps you avoid large, unplanned expenses by offering affordable service fees for covered repairs, making budgeting easier.

• Offers Convenience
  Home warranty companies arrange for qualified service technicians, saving you time and effort in finding reliable repair professionals.

• Increases Home Value
  If you're selling your home, including a home warranty can make your property more attractive to buyers, offering them protection against unexpected repairs.

• Reduces Stress for New Homeowners
  Especially for first-time buyers, it offers security and peace of mind, easing the transition into homeownership.

• Helps Manage Older Home Systems
  Covers older systems and appliances that may be nearing the end of their lifespan, reducing the chance of costly repairs.

• Offers Customizable Coverage
  Many companies allow you to tailor your coverage to your specific needs, with various plans and add-on options available.

• Provides Peace of Mind
  Protects you from unexpected breakdowns, allowing you to enjoy your home without fear of costly repairs.

• Simplifies Home Maintenance
  Makes routine repairs easier and faster, helping to keep your home in good condition without the hassle of constantly searching for service providers.

Ask your realtor about home warranties! They can provide details on how they work and which plans might be right for you..

• 🌟 Local Spotlight: 📈 Sell Faster, Earn More: The Front Range Stage Advantage 🏠

📢 ATTENTION MORTGAGE BROKERS!

Are you a mortgage broker and want to become one of our experts? Inquire for details at [email protected]

📉 Will Fed Rate Cuts Make Mortgages More Affordable?

Mortgage rates recently dipped to 6.35%, their lowest level in 15 months, offering some relief to the housing market. However, experts warn that rates may not fall dramatically, even with the Federal Reserve's expected interest rate cuts in September. Though many anticipate a 25-basis point reduction at the upcoming FOMC meeting, followed by additional cuts in Nov and Dec, these changes are unlikely to make a major difference in affordability for many buyers. 

Instead, those looking for ways to manage costs may want to explore options like assumable mortgages, which allow buyers to take over a seller’s mortgage at a lower rate. The next Federal Reserve meeting is set for Sept 17-18, and will be a key indicator for future mortgage rate trends. *Read Source 

• 🌟 Local Spotlight: Fidelity Mortgage Solutions 🏡 From Pre-Med to Mortgage Master

Julie Rush, SRES, GRI, CDPE, Re/Max Properties, Inc: 719-360-8455 cell | [email protected]

• 💸 Investment Potential at the Base of Pikes Peak for VRBO or AirBnB. Click for details

Belinda Briggs, Realtor, Berkshire Hathaway HomeServices Synergy Realty: (719) 459-9857 | [email protected]

1. Sought-after Broadmoor Park home in a serene natural setting. 2,632 sqft, 4 Bedrooms, 3 Baths, backing to open space. Call Belinda for details

2. Broadmoor Bluffs, bi-level home backs up to a hill with large backyard. 3,042 sqft, 5 Bedrooms, 3 Baths. Call Belinda for details

🙋‍♀️ Do you have Real Estate Questions?

Click here and let us know

🦋 2 Days

Until Your Transformation!

Personal Message from Jason

LAST DAYS to get your ticket!! Don't miss an extraordinary opportunity on September 9th at Unity Spiritual Center in the Rockies, 1945 Mesa Rd in Colorado Springs!

The Abundant Soul Conference is a full-day, in-person event (virtual option now available) tailored for heart-centered entrepreneurs, business owners, and individuals seeking transformative growth.

• 🌟 Spotlight: 🔮 Your Unique Journey to Clarity Begins Here

Guess who's attending?! 😉

I will be there, Sandy Zuniga 🤗, the founder of Colorado Springs Town Tidings! Come find me, your fellow subscribers and other featured businesses – let's connect in person!

• Victoria Tandberg 🌟spotlight: 🍞 A Slice of Home: Nature's Start Bread Company Rises in Colorado Springs

• Patsy Prather 🌟spotlight: 🎨🍂 Let Patsy By Design Spark Conversations at Your Dinner Table

Click Image for the full list of weekend’s events 👇

📆 Local Events

• Sept 9, 10am-5:30pm: Abundant Soul Conference @Unity Spiritual Center in the Rockies, 1945 Mesa Rd $47-$147 (Must Register) 

  • —> Meet your host 🌟Spotlight: 🔮 Your Unique Journey to Clarity Begins Here

• Sept 9, 11:30am-12:30pm (Every Mon): Beginning & Intermediate Yoga @Rockrimmon Library, 832 Village Center Dr FREE

• Sept 10 (9am-1pm & 5-7pm) 11 (9am-noon & 1-4pm): Fort Carson Career Summit (Must Register)

• Sept 10, 6-8pm: Music in the Park - New Vintage Jazz @Bancroft Park, 2407 W Colorado Ave FREE

• Sept 10, 6:30-8:30pm: Twisted Tuesday $3 Drinks | A Pretty Boo @Painting With A Twist, N Powers Blvd $35-$49 (9 Seats Left)

• Sept 13-Oct 25 (Fridays), 9-10am: Seniors Beginner Line Dance-Southeast @ S.E. YMCA, 2190 Jet Wing Dr

• Sept 13, 7pm: The John Denver Experience @Boot Barn Hall, 13071 Bass Pro Dr $39-$59 (Limited Tickets Available)

• Sept 14, 1-6pm: Best of the West Wing Fest @Western Museum of Mining and Industry $84.75

• Sept 15, 8:30am: 16th Annual Be Ovary Aware 5k Run 3K Walk @America The Beautiful Park (Must Register)

• Sept 15, 5-7:30pm: ACOTAR Workshop | Wood Dresser & Candlemaking @Painting With A Twist, N Powers Blvd $55 (5 Seats Left)

• Sept 20, 7pm: Crystal Gayle @Boot Barn Hall at Bourbon Brothers, 13071 Bass Pro Dr $49-$99 (Limited Tickets left)

• Sept 28-Oct 6: Fountain Creek Watershed District’s 11th Annual Creek Week Cleanup (Sign up early)

• Sept 28, 11am-6:30pm: Blues On The Mesa @Gold Hill Mesa, 142 S Raven Mine Dr $50

  • 🌟Spotlight: 🎸Uniting Colorado Springs Through Blues with Amy Whitesell

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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}