Cheyenne Mountain district 12 then, and district 12 now.

By
Real Estate Broker/Owner with Colorado Real Estate Advisers LLC CO ER100025633

School district 12, the Cheyenne Mountain district is a very popular and well regarded district to the Southwest of downtown Colorado Springs. The famous Broadmoor Hotel complex lies within district 12 and it is near both Fort Carson and the Cheyenne Mountain military installation.

 

With the Colorado Springs market heating up let’s look at the last 3 months of 2015 and the most recent 3 months.

 

For this comparison I will focus on the most typically sold properties, those from $200,000 to $600,000.

 

 

For the last 3 months of 2015:

 

57 properties sold

Median total square feet was 2,966

Median list price $350,000

Median sold price $347,500

Sales price to list price 97.87%

Median sales price per square foot $121

Cumulative days on market 69

 

 

For the most recent 3 months:

 

73 properties sold

Median total square feet was 3,025

Median list price $399,900

Median sold price $385,000

Sales price to list price 97.97%

Median sales price per square foot $124

Cumulative days on market 48

 

Median list prices and sale prices are higher but the sample size is rather small.

Median sales price per square foot is up $3 per square foot from $121 to $124.

On a 3,000 square foot that is an increase of $9,000 just since last Fall.

Sales price to list price is almost identical.

Cumulative days on market is the most significant change. Down a median of 21 days from 69 days last Fall to 48 days this Spring.

 

While this area has not been impacted quite as much as other areas, savvy buyers would do well to know what they want and not let good properties slip away.

Posted by

David Gibson, 

Certified Negotiation Expert (CNE)

Broker / Owner Colorado Real Estate Advisers LLC

Independent Real Estate Broker

Colorado (License # ER100025633) and Texas (License # TX 499067)

Email: broker719@gmail.com

Phone: 719-304-4684

3326 Sand Flower Dr, Colorado Springs, CO 80920

I help my clients buy "A Better House at Lower Cost."

 

Sellers ~ I offer staging, professional photography, drone photography and videos. I'd like to send you a link to our listings so you get an idea how great your house can look.

 

Call or text me at 719-304-4684, or email me at broker719@gmail.com for more house choices and better deals.

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