Banning Lewis Ranch: Real Estate Market Report Aug 18 through Aug 19

By
Real Estate Agent with SpringsHomes

Banning Lewis Ranch is a new community located east of the Powers Corridor. Banning Lewis is bordered by Woodmen Road to the north, Marksheffel Road to the west, Meridian Rd to the east and south of Highway 94 on the southern border. This subdivision is a massive project that will take years to completely build-out. The area features a fantastic recreation center named “The Ranch House”. The Ranch House features a fitness center and meeting rooms as well as a Junior Olympic pool, splash zone and much more.

This community hosts a summer concert series, has acres of parks, open space, and trails. Proximity to Peterson Air Force Base makes this a popular neighborhood for Air Force members.

Here are the Real Estate Statistics for August of 2018 through August of 2019

Number of Sales 324
Median Sale Price $369,950
Active Listings 310
List Price Per Square Foot $137
Months of Inventory 2.7

If you are looking at homes for sale in Banning Lewis Ranch, you also need to put Claremont Ranch on your radar. Claremont Ranch is a residential subdivision located on the eastern edge of Colorado Springs. Claremont Ranch sits in a triangle between State Highway 24 to its east, Constitution Ave to the north and Marksheffel Rd. to the west. This neighborhood was one of the first to develop in this part of the city. This meant very few amenities and a lot of driving for residents. Further development of the Banning Lewis Ranch subdivision along with the addition of the King Soopers Marketplace, Claremont Ranch has become a lot more convenient.

To view Colorado Springs Homes For Sale, visit our website. Our home search database is updated throughout the day, so if you want the most up to date data, this is a great resource.

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Colorado El Paso County Colorado Springs Banning Lewis Ranch
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Joe Boylan

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