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What homebuyers are looking for in 2012

By J. Thomas Schmidt

While the popular real estate mantra, “Location, location, location” still applies, there are several new trends that help to define today’s home buying market.

In a March 2012 Bankrate.com “What homebuyers desire in 2012” survey, Realtors responded that finding a home in stable neighborhood that would maintain its value was most buyers’ highest priority.

Buyers also favor homes in move-in condition. Many say large square footage and luxury features rank second to functionality and energy efficiency as ‘must haves.’ Proximity or walkability to shopping, entertainment and dining made the list. Homes built since 2000 with main level master bedrooms – thanks to an aging population – are also increasingly popular with Baby Boomers.

Here in the Pikes Peak region, Broadmoor Properties brokers Michael Raedel and John Bartolin report those sentiments are consistent with what they’re seeing.

While they represent buyers and sellers throughout the Pikes Peak region, Michael and John specialize in Broadmoor-area homes and home sites – one of Colorado Springs’ premier neighborhoods. In addition to spectacular scenery and a moderate climate, their clients like proximity to the hotel’s resort lifestyle. Most homes are a short walk or drive from championship golf, dining and shopping.

Our market’s price stability, option for low- or maintenance free living and great selection of newer or well-kept older homes are another plus.

As Bankrate suggests, the economic climate today supports a smart home purchase in a good location – and homes near The Broadmoor are among the most desirable in the West.

But don’t take our word for it.

During the past year, Broadmoor Properties sold 24 properties and recorded sales of almost $40 million. That included 10 homes that sold for $1 million or more. Three sold for more than $2 million. Eight of the 10 were Broadmoor Properties’ listings.

As you plan a trip to the Pikes Peak region or The Broadmoor Hotel this year, come see for yourself. We think you’ll be impressed at what our market has to offer.

J. Thomas Schmidt is a licensed real estate broker and developer of the Broadmoor Resort Community, the Brownstone and West Condominium Residences for the owners of The Broadmoor Hotel. He spearheads Broadmoor Properties' residential sales and development projects.