Fountain Valley is a hard area to really get a hold of. The 2370 sales were more than the Northeast and Briargate MLS areas combined (the 3rd and 4th highest numbers of sales in 2016). Fountain Valley accounted for more than 15% of all sales in the MLS. Our reports focus on 15 MLS areas, but there are more than 30 to track. What this tells us is that Fountain Valley is long overdue for being divided into multiple different areas so the individual stories of Widefield, Security and Fountain can be told just as the individual stories of Widefield Glen, Barnstormers Landing and Heritage are all different. So the reason there’s a single area below is because it’s the one that we have had buyers and sellers working in of late. Fountain Valley’s new construction boom shows no signs of slowing down, but interest rates may have their say. The 100% VA loan is a common financing instrument in Fountain Valley due to proximity to Fort Carson, Peterson Air Force Base and Schriever Air Force Base. That also explains why the average sales price to list price price differential was in excess of 100%… buyers are still financing their closing costs with over-asking price offers that net-out their closing costs. Future caution should be taken by buyers, even though there’s obviously a vast number of buyers for every available property (the year ended with 109 for sale… and the MLS area average 198 sales each month).
Standard Disclaimer: The Where to Buy Project is an Annual Creation of WelcomeWest.com for Selley Group Real Estate. It uses data extracted from the Pikes Peak RSC Multiple Listing system for the previous calendar year and compares it to the prior calendar year. For the 2017 report, the effective data range is January 1, 2015 to December 31, 2016. The information is then visualized and comprehended using Focus1st.com Pricing Software. Information is deemed reliable, but not guaranteed.
How to Use The Where to Buy Project: For a resource guide on how to better comprehend the Focus1st Graphs, please refer to the Where to Buy Project Source Video . In all cases, Days on Market is measured differently in Focus1st than in the RSC MLS: It is the length of time between initial list date and day of close. The RSC MLS measures this date in marketing days, the number of days between initial listing and the day of contract. To standardize measurement, subtract 40 days from the Focus1st measure to provide an approximate equivalent to the same measurement in RSC MLS.
The reader will note that there is a single post for this MLS area. All other areas usually have several different neighborhoods. The truth is, based on almost two decades of history, we have not sold, listed or shown much at all in the F/V MLS area. The most northerly of the neighborhoods in the MLS area (the largest MLS area by unit sales year after year) is the one area we are providing information on because of recent sales activity participated in by the WelcomeWest team.
Barnstormer is located just to the west of the Colorado Springs Municipal Airport. Constructed from 2005 to 2008, the neighborhood of +/- 250 homes has winding streets and cul-de-sacs with larger than average lots for this part of town. It also has a master plan that includes an exterior wall and three pocket parks within the neighborhood. Some of the homes back up to open space and because it sits on a bit of a promontory, it has exceptional views, with Cheyenne Mountain on one side and Pikes Peak on the other. Access to I-25 and military installations is a snap due to the surrounding road infrastructure and proximity to the interstate.barnstormers-landing