January 2017: The Year in Review and A Look Ahead

4835 Willow Stone

Listed at $4,269,000

A Five-Star Home

Mountains and nature harmonize with this 14,000-square-foot custom home in the Broadmoor Resort Community. This stunning Mediterranean villa designed for entertaining is tucked into the mountainside and overlooks city lights, the foothills of the Rockies and the plains beyond. Incorporating both casual and formal elements, its spacious but well-scaled rooms flow from a grand foyer into the great hall with its arched stone overlays and chandeliers. In one wing is an office, master suite and a guest room. On the other side, a gourmet kitchen and hearth room as well as spacious laundry/mudroom. Above the 4-car garage: a luxurious guest suite with its own kitchen and elevator. The lower level of this 6-bedroom, 9-bath home includes a large entertainment room, majestic theater, game room, Irish Pub and complete wine cellar. Outdoors, this beautifully designed residence features an outdoor pool, Jacuzzi, fountains, a fire pit and stone-lined creek.

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The Year in Review and A Look 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. Seventy percent of those sales were Broadmoor Properties’ listings. Forty-three percent of properties sold for $1 million or more. The majority of our work, however, continues to focus on home buyers and sellers with varied needs and wide-ranging price points.

Interest Rates Create Market Energy

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. Buyers looking for an affordable home will especially benefit. Higher interest rates may mean fewer folks will qualify for a mortgage, resulting in more for-sale inventory. In addition, the Fed’s decision to raise interest rates signals a stronger national economy...

Recent SOLD! & Under Contract*