The long-established region of high-quality real estate, Southwest Colorado Springs is in the midst of it’s economic interface with southern Downtown Colorado Springs. In 2018 the South Nevada Urban Renewal went into overdrive with the first delivery of restaurants, stores and the Canyon Creek Townhomes. The area’s popularity is further confirmed by the quality of the immediate school district: Cheyenne Mountain District 12 was rated the Number One School District in Colorado by the Colorado Board of Education based on Accreditation Scores. But the anchor is and always will be The Broadmoor and it’s Five-Star, Five-Diamond amenities, the only resort of such distinction in Colorado.Southwest 2018 Data Luxury
HIGHLIGHTS IN 2018:
- To truly understand the flavor of 80906, multiple neighborhoods have to be reviewed. There are years when sales in the Broadmoor Resort and Pourtales Park show outsized gains or declines, where comparatively it looks like sales values doubled or disappeared. That’s because the entire zip code has pockets of tremendous value. Witness the returns in value in Top of Skyway and Stratton Forest (Page 3 of above report): Average price now has eclipsed $900,000 in this stretch of hillside.
- Average Price in the Zip Code has grown 21% in the last two years, and in the last four years the average time on market has been cut by more than 50%.
- The 32 sales over $1 million in the zip code was the highest number of sales in 11 years. However, it still lags the peak of million dollar sales from 2005-2007 (2006 saw 38 $1 million+ sales), indicating that the Broadmoor area is likely still under-valued.
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.