Northwest Colorado Springs Real Estate and Area Information
Just south of the Air Force Academy, the northwest is a very desirable place to live containing a mixture of luxury custom homes, single-family tract homes, semi-custom homes, town houses, and condo’s. Located in rolling hills and bluffs all the way to the edge of the Front Range Mountains, many of the picturesque neighborhoods provide tremendous views of the mountains and of Colorado Springs. You find much to do with many hiking trails, Pike National Forest, strip shopping areas, an abundance of restaurants, the historic Glen Eyrie Castle, and the Garden of the Gods all close to this area.
If you are interested in a new construction home, resale homes, land, or luxury homes in Peregrine, Mountain Shadows, point of the Pines, or the northwest area as a whole, please feel free to email me and I would be more than happy to assist you in any way possible.
Northwest Area Home Search and Market Information
Major Zip Codes- 80919
School Districts- Academy District #20, Colorado Springs School District #11
Ave Home Price – Approx. $400,000
Home Price Range – Approx. $300,000-$1+ Million
Major Neighborhoods - Peregrine, Mountain Shadows, Rockrimmon, Pine Cliff, Point of the Pines, Discovery, Thunderbird Estates, Oak Valley Ranch, Rockrimmon, Oak Hills
For more detailed Northwest Colorado Springs information you may find some useful information with our neighborhood community information tool. This is a great resource offering community characteristics, maps, aerial & "birds eye" views, nearby schools and school information and nearby attractions and amenities
Nortwest Real Estate Market Trends
All real estate is local, and conditions for the Colorado Springs real estate market can change dramatically between individual areas, neighborhoods, and price points. Understanding the market dynamics involved in the broader real estate market, the individuals areas, the specific Colorado Springs neighborhood and specific home price point becomes critical when you end up putting an offer in on your next Colorado Springs home.
Total Sales
The chart to the right shows the total number of home sales for the entire Northwest area year over year. This helps give a very basic feel for home sale activity trends in the broader Northwest area.
Total Northwest home Sales Year over year
Average Sales Price
The chart to the right shows the year over year average sales price for homes in the broader Northwest area. This shows the basic trend of home values for the entire Northwest area.
Average Home Sales Price for Northwest Area
Average Days on Market before Selling
The chart to the right shows the average days a home was on the market before it went under contract. When for sale home inventory levels are high we are in a buyers market and the average days on market will be higher with downward pressure on prices. With lower inventory levels the ave days on market will be lower, a sellers market, with upward pressure on home prices.
Average days on the Market before going under contract
Neighborhoods in the Northwest Area
Laura's Northwest Area Blogs
Historically, the choice between renting or buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!