Briargate is a popular neighborhood in Colorado Springs, Colorado. Located on the northern end of Colorado Springs, the Briargate neighborhood is close to both Castle Rock and Denver. Briargate is home to Academy District number 20 schools. This is very popular school district and one of the primary reasons people move to Briargate. The school district has a wide range of activities as well as course offerings which make it very popular.
Last quarter when we compiled these statistics, we did so expecting to see the numbers soften significantly in Q2 due to the onset of the Covid-19 pandemic. When we did dig into the Q2 numbers, we were pleasantly surprised to see that all of the pertinent statistics were better in Q2. Aside from a short break during the quarantine, the Briargate real estate market kept going strong through the end of the second quarter of 2020. Here are the numbers:
| % Change from Q1 | ||
| Number of Sales | 301 | +26.47% |
| Median Sales Price | $442,000 | +1.61% |
| Price Per Square Foot | $147 | +2.80% |
| Average Days on Market | 35 | -5.41% |
Briargate Neighborhoods
Briargate is a master-planned community. The community is made up of smaller neighborhoods, each with its own name, architectural style, and characteristics. Let's take a look at how the most popular Briargate neighborhoods did in Q2 of 2020.
Cordera is the newest part of the Briargate area. The area is still under construction and development. Cordera features miles of trails and a great community center featuring a heated, outdoor pool with kid’s splash area, Fitness room with state-of-the-art equipment, and Complimentary fitness classes offered by professional trainers.
| % Change from Q1 | ||
| Number of Sales | 35 | +34.62% |
| Median Sales Price | $565,500 | -3.09% |
| Price Per Square Foot | $153 | -1.31% |
| Average Days on Market | 92 | -57.61% |
Cumbre Vista is another popular Briargate neighborhood. Cumbre Vista was developed by local builder Keller Homes and features homes built by both Keller Homes and Classic Homes.
| % Change from Q1 | ||
| Number of Sales | 17 | +70.00% |
| Median Sales Price | $470,000 | -1.98% |
| Price Per Square Foot | $137 | +2.19% |
| Average Days on Market | 11 | -89.81% |
When compared to Cordera, Wolf Ranch, and Cumbre Vista, Gatehouse Village is an older Briargate neighborhood built primarily in the mid to late 1990s. The average home in Gatehouse Village was built in 1993
| % Change from Q1 | ||
| Number of Sales | 15 | +50.00% |
| Median Sales Price | $420,000 | +3.70% |
| Price Per Square Foot | $134 | +5.51% |
| Average Days on Market | 4 | -75.00% |
Pine Creek was built after Gatehouse Village and Before Cordera. Located at the northern edge of the Briargate area, Pine Creek just seems to get more popular as it gets older. The neighborhood is home to the Pine Creek Golf Club and Pine Creek High School.
| % Change from Q1 | ||
| Number of Sales | 25 | +47.06% |
| Median Sales Price | $569,900 | -5.02% |
| Price Per Square Foot | $143 | +5.93% |
| Average Days on Market | 30 | -11.76% |
The Windjammer Neighborhood is one of the oldest neighborhoods in the Briargate area. The average home in the Windjammer subdivision was built in 1975. This neighborhood is still popular today because of its location and the mature feel the neighborhood has.
| % Change from Q1 | ||
| Number of Sales | 4 | 0% |
| Median Sales Price | $416,000 | +10.05% |
| Price Per Square Foot | $164 | +10.07% |
| Average Days on Market | 9 | +28.57% |
The Wolf Ranch neighborhood is another newer neighborhood in the Briargate area. Wolf Ranch like Cordera has a large trail system as well as a community center. Wolf Ranch sits at the southern edge of Cordera and shares many of the same local amenities.
| % Change from Q1 | ||
| Number of Sales | 67 | +48.89% |
| Median Sales Price | $477,000 | +6.00% |
| Price Per Square Foot | $144 | +3.60% |
| Average Days on Market | 49 | -40.24% |
In Conclusion
Much to our surprise, the second quarter was very strong. Our expectation was that we would not be able to list and sell properties but that was only the case for a few weeks. As the numbers show both Briargate and Colorado Spring are in demand. As we head into Q3 we expect the pace of the market to stay strong. If you would like to search for homes for sale in Colorado Springs, our system is updated throughout the day to provide our users with the most up to date real estate information.
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