What a terrific fall it has been along Colorado’s Front Range. We’re still playing golf, hiking and enjoying mild weather. At the same time, some of the country’s finest skiing will soon be available just a few hours away. That’s probably why so many of our Broadmoor-area buyers have discovered Colorado Springs’ foothills are a great place for a second home.
In the early 2000s when the economy was on the rise, many of us began to dream about one day buying a vacation home on a lake or golf course where we could enjoy all the benefits of retirement living. At that time, however, home prices were skyrocketing – often out of reach financially.
Today is a different story. Mortgage rates are still attractive, and home prices in the Pikes Peak region have remained relatively stable compared to pricier cities like Denver or Phoenix. The Pikes Peak Association of Realtors reports that the average home sales prices are in the mid $300s. At the same time, thanks to attractive interest rates, prospective buyers will find they still have plenty of purchasing power.
If you are looking for a great place to spend time with family and friends, surrounded by some of the country’s most beautiful scenery, it may be time to consider a second home. And what better place to locate than near the famed Broadmoor Hotel with its many recreational amenities, three championship golf courses, numerous gated communities and easy access to outdoor adventure.
To find out more about our Broadmoor neighborhoods and current home values, give us a call at 719-471-6200 or visit www.broadmoorproperties.com. We look forward to introducing you to some of the country’s most desirable second home communities.