New Construction Homes in South Colorado Springs

New construction homes are popping up in the south part of Colorado Springs! These homes are close to Peterson Space Force Base and the Colorado Springs Airport as well as just minutes away from Amazon.

How much does it cost to build a house in south Colorado Springs?

This depends on your upgrades. The starting base price for Richmond Homes in south Colorado Springs is mid $400s. This can be 1400+ square feet and at least 2 bedrooms. You may be spending closer to $550k for a 3 bedroom home in this area, realistically. But we can always schedule a time to go out and pick your designs to see what the price point will be. There's options. Just email me at irisjburton@gmail.com.

Location of New Construction Homes in South Colorado Springs

What is being built in south Colorado Springs

This blog is about a new neighborhood off south Powers and Bradley, south of the new Amazon warehouse. The builders are Aspen View Homes and Richmond Homes. You can check out their availability on their websites.

• Richmond Homes https://www.richmondamerican.com/colorado/colorado-springs-new-homes/colorado-springs/the-trails-at-aspen-ridge

• View Homes https://www.yourviewhome.com/colorado/colorado-springs/colorado-springs/new-homes/the-trails-at-aspen-ridge/

How long does it take to build a house in Colorado Springs?

Some homes can take four months. When you're building with well reputable builders, you can be in your new home within 6 months. With lumber and materials shortages and people getting sick and having to stay home for weeks, that can stall production. I've seen clients wait over a year for their new construction homes. You may be able to find a cheaper new build, but it's likely that you'll get what you pay for, unfortunately. Proceed with caution.

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IRIS BURTON | REALTOR®

PROSPERITY PROPERTIES GROUP

Brokered by EXP® REALTY, LLC

3361 N Academy Blvd, Colorado Springs, CO

www.irisburton.com

irisjburton@gmail.com

719.315.5016

Schedule a Viewing

Broadmoor Bluffs in Colorado Springs| Colorado Springs Neighborhoods

Broadmoor Bluffs is located in the Broadmoor area of southwest Colorado Springs just off Highway 115 and Broadmoor Bluffs Drive. When you exit I-25 towards Highway 115 you will find Broadmoor Bluffs Park and Oak Meadows Park inside its boundaries. This Colorado Springs Neighborhood is conveniently located near shops, local coffee dine-in, entertainment, The Cheyenne Mountain Zoo, The famous Broadmoor Hotel, Cheyenne Mountain State Park, and so much more. Broadmoor Bluffs is close to Interstate-25 so if you need to zip up to Downtown Colorado Springs, Denver or Pueblo, it’s a simple route. Downtown Colorado Springs is just a 15 minute drive.

Why Broadmoor Bluffs?

One of the biggest reasons why this neighborhood is so popular is its mature trees and incredible mountain views. This neighborhood sits on a hill. You can practically see the entire city from up here. You’ve got the mountains behind you so either way you’re going to get views that make you forget all your worries!

Things To Do Near Broadmoor Bluffs

My favorite thing to do near Broadmoor Bluffs is definitely the Cheyenne Mountain Zoo. I love it so much, I recently bought a season pass for some out of state clients of mine and they were thrilled! You get a beautiful zoo with the same mature trees so it’s like hiking with the animals in the mountains. This 140 acre zoological park is the highest zoo in America (text on screen: no pun intended, I promise!) at 6,714 feet above sea level. You need to get your tickets in advance and don’t forget to add on the Mountaineer Sky Ride! I’ll link more info about Cheyenne Mountain Zoo in the comments section of this video. Everyone needs an e-ticket, even the babies so make sure you get enough tickets. They sell out quickly. Pricing for tickets will also be linked in the comments section of this video.

Another highly rated attraction near Broadmoor Bluffs is the Cheyenne Mountain State Park. This Colorado State Park was acquired in 2020 and is just 6 minutes away from Broadmoor Bluffs. You can go camping, hike on trails, do yoga in the mountains, sit at a picnic table and grill, play at the park, bike, hike, ride your horse, or just sit and stare at the views. My mom’s church has service and barbecues at this very park every year minus the COVID seasons. The park is huge. There is a daily vehicle pass fee of $9 at the time of this video. Try and book at least 6 months ahead because this place is popular.

PCSing to Fort Carson, Colorado?

Lastly for this video is that Fort Carson is just 8 minutes away from Broadmoor Bluffs. So if you are PCSing to Colorado Springs this is a great neighborhood for you to live in. You’ve got the highly rated, award winning Cheyenne Mountain School District 12 in the Broadmoor Bluffs neighborhood. You have the highly rated Tinseltown movie theatre with multiple screens, stadium seats & self-service ticketing kiosks nearby. You have salons, restaurants, Quail Lake, hotels, healthcare facilities, breakfast restaurants (see map link in description)...you could literally never have to leave this area if you didn’t want to. Everything you need is under a 20 minute drive away. The walkability of this area isn’t high, so if you prefer walking everywhere and ditching the car, I’ll leave a link for homes in more walkable areas.

Homes For Sale in Broadmoor Bluffs

Living out in Broadmoor Bluffs is a great place to live because living here gives you access to everything living in Colorado Springs has to offer. You have great access to grocery stores and shopping malls. You can still go outside and enjoy living in Colorado Springs by hiking in the mountains. You just have to remember to get out there because I know for myself living here, I tend to forget all the fun things to do in our city.

For a free list of available homes in the Broadmoor Bluffs neighborhood, check out the links below If you’re a dog lover, there’s this amazing dog park with similar views. You can learn more about this park on this video here!

Do you know anyone who would benefit from these videos? Please share with a friend or four and I’ll see you next week!

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Buying a house

Broadmoor Bluffs Neighborhood Map

Homes for sale near Broadmoor Bluffs

https://bit.ly/broadmoorbluffshomes

Cheyenne Mountain Zoo

https://www.cmzoo.org

https://www.cmzoo.org/wp-content/uploads/2021CMZPricingCalendar7-7-21.pdf

Cheyenne Mountain State Park

https://cpw.state.co.us/placestogo/parks/CheyenneMountain

Cheyenne Mountain School District

https://www.cmsd12.org/

No Car Lifestyle Neighborhood

Colorado Springs Real Estate // September 2021 Housing Market Update

Housing Crashes & Housing Bubbles in Colorado Springs

The Colorado Springs housing market is changing, no doubt. If you have been thinking about buying a home in Colorado Springs, you'll want to watch this video! In this video I share the average home price in Colorado Springs and what the trends are for the current Colorado Springs housing market for 2021. Homes for sale in Colorado Springs are becoming more and more available. Whether you are moving to Colorado Springs or already currently living in Colorado Springs, these stats and facts about the housing market will help you make the best decision on buying a home or not.

Perception is everything, right? Just a fair warning, this isn’t going to be your typical housing market update. But, I promise I’ll get to the Colorado Springs housing stats by the end of this video.

There are so many rumors of housing crashes and housing bubbles, but times have changed. We’ve actually learned a little something from the last housing crash. We’ve got better lending, lenient mortgage forbearance options, and grace from the banks. However, we are competing with big corporate companies and real estate investors buying up homes and that’s been challenging to say the least. The cost of housing is barely affordable these days. Let’s put some perspective on it. If you’re paying rent anyway, why not get your finances together and get in the real estate investing game? I’m not saying you need to start flipping houses like Jeffrey Lewis, but I am saying that you’re missing out on a huge opportunity that offers not just an investment, but a place to live.

Facts vs. Opinion

Can we just take a moment to discuss facts vs opinion: Sometimes people on social media and the news are just trying to clicks and views. I know! Shocker. Sensational media is like a freight train going nowhere and may be leading you off the lost opportunity cliff. Perception is everything right? Some of us realtors are trying to calm the Chicken Littles of our community by sharing important information and facts that make this time around different than the last time around. Hey guys. The sky in fact, is not falling. The demand for housing has peaked and housing prices are stabilizing as they should. Remember when Elon Musk went on Saturday Night Live? Dogecoin was skyrocketing and he responded to a hustle joke on SNL and everyone freaked out. This had a negative impact for the digital currency company.

Similarly, toilet paper became a hot commodity last year. Rumors of lack caused a frenzy and escalated desire for TP. People started hoarding it. I knew of people buying a year’s worth at a time. This type of behavior happens at my house, too. It’s like the more the kids know they may not be able to have something, the more they want it. For example, pop tarts. We were always running out of brown sugar and strawberry pop tarts. So I bought a bulk box that had like 4 boxes in one. Guess what? No one touched it for a long time. It lasted forever - almost past the expiration date.

I often wonder where people are getting their information from. This is my segway to introducing actual figures in the Colorado Springs housing market.

Average Home Price in Colorado Springs

New listings are on the rise compared to last year as it should. We have more listings compared to last year at just 164 new listings in September 2021 compared to this time last year. The average home sales price for September of 2021 is 499,003 compared to last year when it was 431,293 which is still up 15.5% in equity gained year over year. Compared to the previous month, we only dipped $1,275 which converted to a percentage is .03%.

I went ahead and took the liberty of charting out the popular months of the Colorado Springs average home prices of this year compared to the last two years. In 2019, we had steady and normal growth. Once 2020 hit, the prices jumped significantly due to high buyer demand. Home prices are based on what homes were sold for so as offers were much higher than list price and homes went for 105% on average for many months, the prices kept climbing. Clearly, as the market begins to stabilize, prices are slowly decreasing, but you don’t see the sharp spikes in the average sales price in Colorado Springs as before. It’s more of a gradual change. And even then, things eventually went back to usual. That’s why I think it’s highly important to save and get on a financial plan. If you need a great financial planner, email me. I know the best! You have to have a safety net for these times. I know that’s not ideal for everyone, but for many, we know we can.

Condos and Townhouses in Colorado Springs

Let’s talk about the median price for condos and townhomes in Colorado Springs. Last month we saw this median price up 15k compared to the previous month and now it’s right back down to 318,500 from 325,000 so for some reason August was just a popular month for condos and townhomes. What will it do next month? I dunno, you'll have to subscribe to find out! There are a few more listings available this year compared to last year by 39 listings. Condos and townhomes are great starter homes. My first townhouse alone was almost 1800 square feet, 3 bedrooms, 3 bathrooms with a garage and fenced in walk out patio. Not bad in my opinion.

I’m coming up on my 4 year anniversary of owning the house I’m currently in. The mortgage is about $1700, 6 beds, 3 full bathrooms, 2400 square feet and a beautifully large backyard with a deck. We’ve earned 6 figures in equity in just 4 years. Now what investment pays that well and offers you your basic Maslow hierarchy needs of shelter ? I’ll wait…

Inflation sucks. And it’s making it hard for many. On one hand I hate that it’s harder to find housing, but I’m still grateful that our wealth building tactics are paying off better than we initially imagined.

IRIS BURTON

PROSPERITY PROPERTIES GROUP

Brokered by eXp

Colorado Springs, CO REALTOR®

www.irisburton.com

irisjburton@gmail.com

719.315.5016

Schedule a meeting