The Briargate subdivision of Colorado Springs saw a new high Median Sales price in January of 2018 of $384,900. This is a big deal for a subdivision that started with home sales in the low $100's back in the 80's. As a matter of fact, I remember being at a Colorado Springs Real Estate Company in the late 90's when an agent announced in an office meeting "Can you believe someone just listed a house in Briargate for $350,000?". This was a big deal back then because Briargate was where you took your buyers that were looking in the $150,000 to $250,000 range. The community was well planned and pricing was very consistent.
| January 2018 | 2017 | |
| Number Sold | 61 | 63 (Jan 2017) |
| Average Days on Market | 62 | 34 (all of 2017) |
| Median List Price | $392,658 | $360,00 (all of 2017) |
| Median Sales Price | $384,900 | $355,000 (all of 2017) |
Today, Briargate regularly sees sales in the $500,000 plus range. The remarkable thing about the $384,900 Median Sales price is that it is so close to the new median sales price in Denver. This is rare for Colorado Springs, as we are usually 6 months to a year behind the Denver market. This proximity is exciting for homeowners but discouraging for potential home buyers.
Here's a good look at the appreciation Briargate has seen post-recession over the last eight years.
Over the last 10 years, the average number of home sales in the month of January for Briargate has been 42.9 so, 61 sales are still way above average. Briargate gain and popularity over the last five years have brought a general spike in the number of sales for this area.
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