We are happy to report that 2016 was a strong year – especially for properties in our Broadmoor neighborhoods. One clear sign: our sales were up 16 percent for 2016 over 2015. Seventy percent of those sales were Broadmoor Properties’ listings. Forty-three percent of properties sold for $1 million or more.
Here at Broadmoor Properties we share the real estate industry’s optimistic outlook for 2017. Our local economy is experiencing impressive growth. Realtor.com ranks Colorado Springs as #11 on its list of top metro areas and predicts the city will see both price gains (5.8 %) and overall sales growth (6.3 %) in the year ahead.
As we enter 2017, I’d like to provide you an update on last year’s real estate activity — and on the trends likely to shape the New Year. We are happy to report that 2016 was a strong year – especially for properties in our Broadmoor neighborhoods. One clear sign: our sales were up 16 percent for 2016 over 2015.