The Briargate area of Colorado Springs includes the Charleston Place subdivision which was built in the late 90’s. The 400+ houses are in an ideal location, close to highly acclaimed District 20 schools, shopping and both major Colorado Springs roads, I-25 and Powers Blvd.
The majority of the houses are two story with a basement. There are a smattering of ranch (single story) and split level houses.
Data is for houses that closed between April 20th and November 20th of 2010 and 2011.
| 2010 - 11 sold | Beds | Baths | Finished Square Feet | List Price | List Price / Square Feet | Sold Price | Sold Price / Square Feet | Sold Price / List Price | DOM |
| High | 6 | 4 | 4,400 | $369,900 | $114.40 | $369,000 | $114.40 | 110% | 218 |
| Low | 3 | 3 | 1,792 | $205,000 | $84.07 | $205,000 | $83.86 | 95% | 2 |
| Median | 4 | 4 | 3,442 | $305,000 | $88.61 | $305,000 | $87.85 | 98% | 60 |
| 2011 - 14 sold | Beds | Baths | Finished Square Feet | List Price | List Price / Square Feet | Sold Price | Sold Price / Square Feet | Sold Price / List Price | DOM |
| High | 5 | 5 | 4,489 | $399,900 | $103.95 | $392,000 | $104.78 | 101% | 639 |
| Low | 3 | 3 | 2,404 | $239,900 | $80.11 | $240,000 | $78.13 | 94% | 5 |
| Median | 4 | 4 | 3,584 | $325,000 | $91.45 | $318,500 | $90.26 | 97% | 39 |
"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period April 20, 2010 through November 20, 2010 and from April 20, 2011 through November 20, 2011. 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."
ANALYSIS:
As you see by the median number of bedrooms and bathrooms (4,4), and median sold price just above $300,000, this is a move up neighborhood. So sales are typically impacted by prospective buyers ability to sell.
There are several very encouraging trends in Charleston Place.
- List price per square foot increased by $2.84 per square foot ($88.61 to $91.45)
- The sold price to list price stayed strong (98% to 97%)
- Listing agents and sellers are doing a good job of setting list prices as the days on market (DOM) decreased from a very respectable 60 days down to an incredible 39 days.
- The sold price per square foot also made a nice gain of $2.41 ($87.85 to $90.26)
- One factor working in favor of Charleston Place subdivision is that the median age of these houses is about 14 years old. More and more sellers have done the updates necessary to sell quickly and for top dollar.
SUMMARY:
If you are looking to be in Colorado Springs popular school District 20 Charleston Place offers a great location and value.
These houses are at an age that some have had their functional components, roof, heat and AC, water heater, etc. updated and some houses need to have these items replaced. As Colorado Springs only “Home Inspection & Safety Consultant” I can help you compare the value of one house that needs updating to another that has been updated. For a free, no obligation look at some of these homes or to have new listings automatically sent by email, call or text me at 719-304-4684 or email me. Remember that I’m the only broker committed to work through all available houses that may be for sale, not just those listed in the MLS. Search smarter, contact me today.
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