Jay Carden

Briargate Housing Report for February 2010 The area of Colorado Springs that is known as Briargate is in the Northern section of the City. This area is roughly from I-25 to the West, Woodman Dr to the South, Highway 83 to the North, and Black Forest Rd to the East. The homes in this Master Planned community were started in the early 80’s and new building continues today. The schools are part of Academy District 20 and feature some of the highest testing scores nationally.

As of February 2010, the Briargate housing market continued to be one of the stronger communities of Colorado Springs.

Current Number of Homes For Sale in Briargate:

Listed Homes: 251

New Listings: 84

Sold Listings: 25

Sales to Listings Ratio: 9%

Sold Briargate Sales Information:

Average Sales Price: $262,723

List to Sale Price: 97%, Same as El Paso County, Colorado average

Number of Days Houses on Market: 100 Days, Better than Many Areas

Jay Carden RE/MAX Properties, Inc.

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

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