COS Town Tidings #24-265

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 Colorado Springs’ Housing Market About to Shift?

📢 ATTENTION MORTGAGE BROKERS!

📉 New Fed Cut: What Happens to Mortgage Rates?

🏡 Homes For Sale & Short term, 6 mth rental

📆 Local Events

🌦 COS Weather - Mild temps with possible rain after noon

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

How do you warm up a room after it’s been painted?

👉Give it a second coat!🤣
 

🏡 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 $699K to $1.05M. Click to view Black Forest listings

Briargate

Briargate housing market is omewhat competitive. Median price: $525K (+1%). Average days to sell at -1%: 29; hot properties: +1% above list in 12 days.

Properties recently sold ranging from $400K to $1.6M. Click to view Briargate listings

Broadmoor

Broadmoor housing market is somewhat competitive. Median price: $715K (-44.9%). Average days to sell: 42 (~3% below list); hot properties: list price in 10 days.

Properties recently sold ranging from $370K to $385K. Click to view Broadmoor listings

Cimarron Hills

Cimarron Hills housing market is somewhat competitive. Median price: $372K (-6.2%). Average days to sell: 33; hot properties: +1% list price in 11 days.

Properties recently sold ranging from $295K to $569K. Click to view Cimarron Hills listings

Banning Lewis Ranch

Banning Lewis Ranch housing market is somewhat competitive. Median price: $498K (-9.55%). Average days to sell: list: 27; hot properties: list price in 10 days.

Properties recently sold ranging from $467K to $515K. Click to view Banning Lewis Ranch listings

Mountain Shadows

Mountain Shadows housing market is somewhat competitive. Median price: $630K (+12.9%). Average days to sell: 31 (~1% below list); hot properties: list price in 11 days.

Properties recently sold ranging from $360K to $695K. Click to view Mountain Shadow listings

Old Colorado City

Old Colorado City housing market is somewhat competitive.Median price: $544K (+34.2%). Average days to sell: 43 (~2% below list); hot properties: ~ list price in 18 days.

Properties recently sold ranging from $255K to $781K. 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 (Last sale was Aug 23rd). Click to view Downtown Colorado Springs listings

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📢 ATTENTION REALTORS! 🏠

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

🏘️ Is Colorado Springs’ Housing Market About to Shift?

Colorado Springs' housing market is expected to stabilize, with modest price drops predicted through 2025 due to declining mortgage rates. Buyers may find more opportunities, while sellers may need to adjust expectations in the months ahead. Source

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

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📢 ATTENTION MORTGAGE BROKERS!

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

📉 New Fed Cut: What Happens to Mortgage Rates?

For the first time in four years, the Federal Reserve has decided to lower interest rates by a small amount. This is big news because the Fed had been keeping rates high to fight inflation. While this rate cut might help a little, experts are saying don’t expect your mortgage rates to suddenly drop. However, if you have a home equity line of credit (HELOC), you could see your borrowing costs go down right away.

As mortgage rates slowly get better, more people might start buying homes again, which could lead to more inventory being available. The Fed is hinting that more rate cuts might be on the way, but they’re still watching inflation and unemployment to make their next move. *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

🙋‍♀️ Are you looking for a cozy six-month rental, starting Oct? 

We personally know the owner of this fully furnished 4-bed, 2-bath Victorian home in Old Colorado City that could be perfect for you or someone you know. It's full of charm, within walking distance to 120 shops and restaurants, and includes a rare one-car garage. Interested? Click for details and inquiry quickly as time is a tickin…⏳

❓ Do you have Real Estate Questions?

Click here and let us know

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

📆 Local Events

• Sept 23, 11:30am-12:30pm (Every Mon): Beginning & Intermediate Yoga @Rockrimmon Library, 832 Village Center Dr FREE

• Sept 23, 2pm: Pumpkin Floral Workshop with Catherine of Twigs & Posies @FestiviTea, 2336 Vickers Dr $65

• Sept 23, 7-9pm: Schitt$ Creek Themed Trivia @Lebowski’s Taproom, 3240 Centennial Blvd FREE to attend

• Sept 24, 5:30-8:30: Artisan Baking Workshop @Nature’s Start Bread Company, 4621 Austin Bluffs $85

• Sept 24, 6-8pm: Music in the Park - Stone Fish @Bancroft Park, 2407 W Colorado Ave FREE

• Sept 26, Sept 26, 6-9:30pm: Tails, Tunes & Tastes @Cheyenne Mountain Zoo $65-$75 Adults Only, 21+

• 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

  • → Get some homemade sourdough baked goods 🌟spotlight: 🍞 A Slice of Home: Nature's Start Bread Company Rises in Colorado Springs

• Sept 28, 6-9pm: Murder Mystery, The Hollywood Hit @Great Wolf Lodge, 9494 Federal Dr $72.95 (1 Ticket left)

• Sept 28, 6-10pm: SKSF Night of Comedy 25 yr fundraiser @Boot Barn Hall, 13071 Bass Pro Dr $85-$600

• Oct 4-27 (Fri's 9:30am-2:30pm; Sat-Sun 9:30am-4pm): Pumpkin Fest @ Venetucci Farm $9.11

• Oct 4 (2-7pm)-5 (all day): Love, Lotus, and Leaves Fall Yoga/Hiking/Biking Retreat @SCP Hotel, 2850 S Circle Dr $225

• Oct 5, 1-3:30: Nature Journaling Guided Walk @Bear Creek $25-$30 (Prepaid registration required)

• Oct 18, 7pm: Elvis: One Night Tribute to The King @Boot Barn Hall at Bourbon Brothers, 13071 Bass Pro Dr $40-$80 (Limited Tickets Left)

• Nov 10, 7-8:30pm: Cave of the Winds Soundbath @Cave of the Winds $65 (Limited Tickets Available)

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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}