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Broadmoor Homes, August Market Report

Single Family Homes

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Single Family Homes in Broadmoor were built from 1900 to the 2000’s.  The majority of the houses are ranches and 2-storys, with 4 to 6 bedrooms, 3 – 5 baths, and 2-4 car garages.   The average home has appx. 3000 to 5000 square footage.  The absorption rate of 2.125 houses per month shows that there is a 25 month supply of houses on the market; the housing market is currently a BUYERS MARKET in this area.

Broadmoor homes are located in the Southwest area of Colorado Springs and in District 12 school

• Grade School:   Canon
• Middle School:   Cheyenne Mountain
• High School:  Cheyenne Mountain

Broadmoor homes are:

• Close to Fort Carson
• Close to Pikes Peak Community College
• 20 Minutes from the Colorado Springs Airport
• 15 – 20  minutes from Citadel Shopping Mall
• 5 -15 Minutes from Downtown Colorado Springs
• 15 minutes from UCCS
• 10 – 15 Minutes from Garden of the Gods
• Close to Seven Falls
• Great views of Pikes Peak
• Close to the Broadmoor Hotel
• Close to the Cheyenne Mountain Zoo

Recap of August Activity

• Homes Sold in the last month: 3
  • 1825 Pine Grove Avenue (6124 sq ft)  $460,000
  • 36 Lake Avenue (5475 sq ft)  $862,500
  • 41 Broadmoor Avenue (8826 sq ft)  $2,050,000

Recap of 1-1-08 to 8-31-08 Activity in the Broadmoor

• Homes Sold in the last eight months:  17   
• Average Listing Price:  $635,382
• Average days on market:   152

 Current Report as of 9-8-08 in Broadmoor

• Active listings:   53
• Under Contract and Pending:   5
• Absorption Rate:      2.125 homes per month, a 25 month supply of houses currently on the market

This Colorado Springs Real Estate report contains information on Single Family homes in Broadmoor.

This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

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Kathy (719-287-1049)   KTorline@msn.com

Tags: broadmoor homes, Colorado Springs Homes, Colorado Springs Real Estate, Colorado Springs Realtor, Homes in Colorado Springs, homes in the Broadmoor

This entry was posted on Thursday, September 11th, 2008 at 5:58 am and is filed under Neighborhoods - Southwest, Real Estate Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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