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2014: A Busy Year in Review

As 2015 opens, we hope your travel plans bring you back to Colorado and The Broadmoor.  The hotel is a great place to relax on your way to the ski slopes and offers a full array of golf, outdoor recreation and amenities for a memorable family vacation.  Bottom line:  it’s hard to beat our region’s scenic mountains and fresh air – no matter the season.

This month I invite you to take a look at last year’s Colorado Springs and Broadmoor area real estate activity – along with Broadmoor Properties’ forecast for the coming months.

Last year our brokers completed more than $32 million in single family home sales and another $2.3 million in home site transactions.  Most were located in Broadmoor neighborhoods.  As you’ll see, we represented home sellers and buyers covering a wide range of prices.  Broadmoor Properties brokers also carved out a place in local real estate history, representing the seller of the highest MLS-listed property ever sold in El Paso County:  a country estate that sold for $4.95 million.

The Pikes Peak region as a whole saw a strong 12-percent increase in home sales in 2014.  Prices were up an average of 3 to 4 percent.  For 2015 Fortune.com and the National Association of Realtors forecast a healthy 4 percent increase in U.S. home prices.  Inventories of for-sale homes will also remain fairly tight.  We expect to see much the same in the neighborhoods we serve.  Case in point:  so far this year four Broadmoor Properties’ listings are already under contract.  Overall, we anticipate 3 percent or better home price appreciation and continued brisk sales. 

Admittedly, we represent some of Colorado Springs’ most desirable properties and neighborhoods.  Many of you know The Broadmoor and are familiar with its unmatched facilities, championship golf and beautiful neighborhoods.  Through our exclusive relationship with the hotel, we are also able to offer the option to purchase a Broadmoor Golf Club membership to those who buy a home through our office.

Next time you’re in town, we invite you to stop by to see our newly remodeled headquarters on the main floor of the hotel’s South Tower.   It’s a great place to learn about our beautiful Colorado homes and lifestyle.