The Northgate Neighborhood of Colorado Springs is located just off the North gate of the United States Air Force Academy.
This area has seen sporadic growth and popularity over the last 10 years. The addition of The Club at Flying Horse and the accompanying community have really ignited both interest and sales in this area.
Northgate Colorado Springs has traditionally thought of is just the Gleneagle neighborhood, And older neighborhood built primarily in the 70s through the 90s. these days the area is so much more. with the addition of new retail, restaurants, and entertainment Northgate is a prime target for people relocating the Colorado Springs area.
Here are the Northgate Colorado Springs stats it's for the first quarter of 2018 (Single Family and Patio Homes):
| Number of Sales | 76 |
| Average Days on Market | 84 |
| Median Sales Price | $463,853 |
| Median Sales Price Per Square Foot | $131 |
A Historic Look at Median Sales Price
Northgate has always been above the Median Sales Price for El Paso County but recently that difference has become even more exaggerated. Here's a look at the Median Sales Price for Single Family and Patio Homes in Northgate Since January of 2008:
| Northgate Colorado Springs Median Home Price | |
| 2008 | $350,000 |
| 2009 | $326,900 |
| 2010 | $330,000 |
| 2011 | $328,000 |
| 2012 | $336,000 |
| 2013 | $367,500 |
| 2014 | $358,000 |
| 2015 | $381,000 |
| 2016 | $420,000 |
| 2017 | $441,500 |
| 2018 | $463,853 (YTD) |
Active Listings by Quarter
Let's take a look at the number of active listings for Q1 over the last five years. Since 2015 that number has dwindled from 544 down to 334, that's a 38% decrease in available listings.
| Active Listings by Quarter-Q1 | |
| 2013 | 360 |
| 2014 | 506 |
| 2015 | 544 |
| 2016 | 363 |
| 2017 | 354 |
| 2018 | 334 |
Sold Listings and Supply
The number of home sales in the Northgate neighborhood has grown significantly over the last four years. The increasing number of sales in conjunction with shrinking number of active or available listings has affected the market in this area.
Northgate Colorado Springs has seen a 2.8 Month average supply of homes since Q1 of 2017. This means the area is in a strong "Sellers Market".
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We have been compiling statistics both locally and nationally for many years. These reports are a collection of the last few years' worth of our Quarterly Market Reports so you can follow the Colorado Springs Real Estate Market.
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