Wednesday, July 29, 2009

Briargate Real Estate Market Update

The Briargate Area of Colorado Springs comprises an area in the northeast part of Colorado Springs. This is a master planned community that started in the early 80’s and continues to be built. This area is roughly north of Woodman Rd as the southern boundary, east of Powers, West to I-25 and north to Hwy 83. The school district is award winning Academy District 20.

Some neighborhoods in the Briargate Area from oldest to newest are: Briargate, Windjammer, Meadow Ridge, Misty Meadows, Gatehouse Village, Summerset, Fairfax, Pine Creek, Charleston Place, Wolf Ranch, Cumbe Vista and Cordera. New homes continue to be built in the Wolf Ranch, Pine Creek, Cumbre Vista and Cordera areas. The Briargate real estate market is one of the strongest in the City year over year.

Current Sales Statistics in the Briargate Real Estate Market for June 2009

Homes For Sale In Briargate

Active Homes For Sale: 294

New Listings: 109

Number of Homes Sold: 66

Sales Price of Homes Sold in Briargate

Average Sales Price: $282,114

Median Sales Price: $258,750

Average Discount from List Price to Sales Price: 1.9%

Average Discount for El Paso County Homes: 3.2 %

Average Days on Market for all Briargate Homes, 98 Days

Well-priced homes in this area are selling quickly. There have been reports that many homes are seeing multiple offers. Many homes also in this area are selling at full asking price. This is very good news compared to other areas of Colorado Springs that are not as strong.

For more detailed information on Briargate Real Estate please feel free to call me or email me.


Jay Carden
RE/MAX Properties, Inc.
Search the Colorado Springs MLS
719-322-4939

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