Records are made to be broken. That’s why we’re not surprised that in April the Colorado Springs real estate market saw its highest median home price ever at $328,000 – up 7.5 percent over last year. Fortunately local unemployment is under 4% — a good sign for the economy. And new jobs, especially in the expanding Healthcare and Cybertechnology sectors have fueled increased move-up and luxury home property sales. And while the Pikes Peak MLS reports the inventory of entry level homes remains tight, Colorado Springs continues to offer affordable homes in our scenic westside neighborhoods.
In addition, now that the city has been recognized by sources like US News and World Report, Forbes and Trulia.com as one of the nation’s top performing housing markets, both buyers and sellers will benefit. Trulia Senior Economist Cheryl Young, for example recently noted that “after several years of breakneck appreciation following the end of the housing recession … the market may have marked a turning point and the beginning of a return to more normalcy and balance …”
Based on these and other indicators, Broadmoor Properties brokers Michael Raedel and Tim Sheridan expect a busy summer ahead. They know that visitors to the city and The Broadmoor often fall in love with the area’s great climate, outdoor recreation options and proximity to the mountains. “Today we represent properties ranging from a lock-and-go villa or townhome and traditional single family homes to a gated estate in Old Broadmoor or a distinctive Brownstone – all minutes from the five-star Broadmoor Hotel,” Michael says.
Interested in learning more? Give us a call at 719-471-6200 or visit www.broadmoorproperties.com . We look forward to seeing you this summer!