Where The Buffalo Roamed and The Train Roared

Pine Terrace, at the corner of Cheyenne Mountain Boulevard and Zoo Road was a lush pine tree and scrub oak enclosure where buffalo roamed. The land also was the path of the Mountaineer, a train that went from the Broadmoor Hotel to the Zoo. The first run of the Mountaineer was May 30, 1950. It replaced the original miniature Cog railroad train that had begun in 1938. The new train had two coaches, each seating twenty, and featured a Cadillac engine. The two-mile track of narrow-gauge cog rail track went through four tunnels on the way to the Cheyenne Mountain Zoo. In 1974 the train stopped running and in 1984 the buffaloes relocated. Cog Land Development, the Broadmoor Hotel’s land holding company, began developing the land and Pine Terrace as we know it today. Pine Terrace is a coveted gated townhome community with forty-nine homes and two buildable lots. Owners walk a short distance on the old rail path to enjoy the Broadmoor Hotel and all its offerings. We all have fond memories of the” buffalo pen” and today Broadmoor Properties is fortunate to represent Sellers and Buyers in this coveted gated community. Broadmoor Properties has been involved in the last five of seven sales in this community and understands the value of minimal maintenance, a gated community, and the second home concept. Please contact our office if you are interested in living in this Historic gated community.

How is the Real Estate Market

Industry experts say Colorado Springs is now moving into in a “balanced” market, meaning there is a good blend of homes on the market, against the number of buyers. Over the last few weeks there has been continual growth in number of listings coming to market. This gives buyers more to choose from.

We are even seeing more price improvements, (reductions). While there appears to be more price reductions throughout town, when priced right, homes are generally selling close to asking price, at a fairly quick pace. Gone are the days of, “name your price and it will sell.” The combination of higher rates and increasing inventory is beginning to bring pricing down a bit compared to last year. Some would say this is a cooling of the market, but most believed it to be more of a correction to the rapid price increases we saw in 2022 and 2023.

All that said, a balanced market makes it a good time to buy or sell.

If you have questions about the market or are considering buying or selling, please give us a call.

Our City

July in Colorado Springs is bustling with a variety of events that cater to all interests. The month kicks off with the annual Fourth of July celebrations, featuring spectacular fireworks displays at Memorial Park and the Colorado Springs Philharmonic’s patriotic concert. Art lovers can enjoy the First Friday Art Walks, exploring galleries and studios throughout the city. The Pikes Peak or Bust Rodeo, one of the city’s most beloved traditions, brings thrilling rodeo action and family-friendly entertainment. Music enthusiasts can attend the diverse performances at the Colorado Springs Summer Symphony or the eclectic MeadowGrass Music Festival. Additionally, outdoor activities such as hiking, biking, and exploring the stunning Garden of the Gods are popular as the weather is perfect for adventure.

Events

Summer Concert Series at First & Main – July Fridays
4th of July Celebrations – July 4
Broadmoor Traditions Fine Art Festival – July 6&7
Pikes Peak or Bust Rodeo – July 9-13
Taste of Pikes Peak – July 18
Jason Aldean Concert – July 19
Jonas Brothers Concert – July 20
Tails, Tunes & Tastes – July 25
Rocky Mountain Flower Fest – July 27

Our Featured Listings