Jay Carden

Jay Carden

RE/MAX Properties, Inc.

Search the Colorado Springs MLS

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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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1. Home prices adjusted to a lowest level in more than 3.5 years in Colorado Springs, Many deals to be made!!! (October 2008).

2. Interest Rates are close to 40 year lows. 30 Year fixed rate mortgages are priced around 5.5% and could go lower.**

3. Forbes Magazine picked Colorado Springs as One of the Top 10 Cities in the U.S. "Where Prices are Likely to Rise in the Near Future".

4. Smart Money Magazine (THE WALL STREET JOURNAL MAGAZINE OF PERSONAL BUSINESS) Picked Colorado Springs as it's number 6
“TOP 25 MARKETS TO REBOUND”.

5. KIPLINGER Magazine “BEST CITIES TO LIVE, WORK AND PLAY” Chose Colorado Springs a it's number 5 Choice. Kiplinger Link

6. The 2008 edition of "Cities Ranked and Rated" Ranked Colorado Springs as the Number 4 Best Choice Best Places Link

7, Colorado Springs is Ranked 38 out of 100 U.S. Cities to Attract 25-34 year olds. Denver's ranking was 59. Welcome Gen Y and X. Affordable housing ad great jobs.

8. First Time Home Buyers can get up to $7500 Tax Credit when Purchasing a Home before July 2009.*

9. Home buyers at certain income levels can now deduct mortgage insurance associated with their loan.*

10. Homeowners have the ability to deduct mortgage interest from their taxes, this is the largest tax break a person can have.*

11. Homeowner have the ability to deduct real estate taxes from their taxes every year as well.*

12. The market is getting stronger so less potential for financing issues should arise. Colorado Springs is in a stabilizing market not declining.

13. In the year a home is purchased, the cost of obtaining a loan, origination, discount points, and pre-paid interest are tax deductible.*

14. A home owner will pay NO capital gains taxes if they sell their primary residence. This is as long as the capital gain is less than $250,000 for singles and $500,000 for married couples. This is only on the gain not on your sale price. If you bought your home for $300,000 in 2005 and sold that home for 500,000 today your gain would be $200,000 tax free.*

15. Currently the troop level at Ft. Carson is approximately 18,000. That level is anticipated to go to 23,000 by 2009 and 28,000 by 2011. Troops. spouses, and family will account for an approximately 70,000 additional people in the Pikes Peak Area by 2010. This is a great time to be an investor in a rental home or buy now so you can take advantage of appreciation.









Jay Carden
Broker Associate
719-322-4939
Search Colorado Springs MLS for FREE