Buyers’ demand for character, bike-ability and community continues to build with each successive year. The heritage of Victorian, Post-Victorian, Arts and Crafts, Prairie Bungalow and Post-War Mid-Century architecture found in 80903 and 80907 in Downtown Colorado Springs began it’s renaissance in 2008, and a decade on, is showing no signs of slowing. Now consistently one of the strongest markets in Colorado Springs, downtown is shedding it’s boutique status to be THE serious driver on the direction of the city. With the completion of the United States Olympic Museum one year out, and the possibility of twin stadiums on the north and south sides of the central business district in the next three years, Downtown continues it’s march to greater significance.Central 2018 Data Luxury
HIGHLIGHTS IN 2018:
- No other High-Value Area saw Buyers willing to average 100% of asking price. No other High-Value Area saw Homes sell on average in less than three weeks time. The Median Time on Market for sales over $500,000 downtown was 7 days in 2018.
- Average price was up a robust 9%. Average Sales Price in the Old North End was down significantly in 2018, primarily due to few high-quality homes coming for sale in 2018 in the land of Painted Ladies and Grand Homes. Correspondingly, East End, Shooks Run, Boulder Heights and Patty Jewett saw numerous sales in in the $500,000 and $600,000’s.
- Patty Jewett saw average price per square foot jump 20% in 2018
Based on information from the Pikes Peak REALTOR® Services Corp. (“RSC”), for the period January 1, 2014 through December 31, 2018. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.