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Luxury Homes For Sale In Colorado Springs
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Greater Colorado Springs Co Real Estate
Your browser is not currently supported. We recommend viewing and related sites on one of the following tours: Eight-bedroom, 11-bathroom, 15,420-square-foot home in the Cathedral Pines development in pristine Black Forest, north of Colorado Springs, by Sotheby’s LIV International Realty. The sale price is $4.2 million.
Guests last week toured the kitchen of the Chateau, a 7,710-foot palace in the Black Forest. Built by Alliance Builders, the six-bedroom, eight-bedroom home is part of this year’s Parade of Homes. Sales of luxury homes in the Pikes Peak region are on the rise; So far in 2021, there have been 321 home sales of $1 million or more, according to the Pikes Peak Association of Realtors.
Stars adorn the ceiling of the theater room in the basement of the Chateau, a traditional home in the Black Forest built by Alliance Builders and part of this year’s Parade of Homes. The 3,004 square foot basement has a bar, wine room, three bedrooms, pool table and meeting room.
The Chateau, a 7,710-square-foot custom home in Black Forest, was featured in this year’s Parade of Homes, sponsored by the Colorado Springs Home and Building Association. Demand for new and existing homes is burning; Figures from the Pikes Peak Real Estate Association show that more than 300 homes priced at $1 million or more sold in 2021; in 2016, only 45 such homes were sold throughout the year.
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The eight-bedroom, 11-bathroom, 15,420-square-foot home in the Cathedral Pines development in Black Forest, north of Colorado Springs, is being sold by LIV Sotheby’s International Realty. The sale price is $4.2 million.
Maybe a custom home with hardwood floors, stainless steel appliances, a gourmet kitchen, theater room, wine cellar, more bathrooms than rooms and amazing views?
Whether you have cash in hand or want to get lucky in the lottery, make a beeline. The demand for luxury buildings in Colorado Springs and the surrounding areas has exceeded the roof – of course, the decorated, tiled roof.
“Demand is high right now, even at that price point,” said George Nehme, real estate agent with the Springs office of LIV Sotheby’s International Realty and the Pikes Peak Association of Realtors. “And the good ones sell fast.”
Broadmoor Area Mansion In Colorado Springs Sells For Record Price
The Chateau, a 7,710-square-foot custom home in Black Forest, was featured in this year’s Parade of Homes, sponsored by the Colorado Springs Home and Building Association. Demand for new and existing homes is burning; Figures from the Pikes Peak Real Estate Association show that more than 300 homes priced at $1 million or more sold in 2021; in 2016, only 45 such homes were sold throughout the year. Christian Murdock / Il
Home prices in the Springs area – like markets across the country – have risen sharply in recent years. In general, housing shortages and property purchases driven by low mortgage rates have led to multiple offers, bidding wars and price increases, real estate agents and builders say.
The median price of single-family homes sold in August remained at a record high of $450,000 for the third consecutive month, according to the latest Association of Realtors report showing sales in El Paso, Speaker and other Front Range counties to follow.
The August price increased by 18.4% compared to the same month last year; it was the 14th month with double-digit gains year over year.
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As prices rise, fewer homes that were once considered — those priced at $400,000 or less — are available. And, not surprisingly, as the supply of affordable housing shrinks and prices rise, sales of expensive homes increase.
But it’s not just rising prices that have led to an increase in the sale of luxury homes; properties, say real estate agents and builders, are in high demand.
The eight-bedroom, 11-bathroom, 15,420-square-foot home in the Cathedral Pines development in Black Forest, north of Colorado Springs, is being sold by LIV Sotheby’s International Realty. The sale price is $4.2 million. Image optional
• Five years ago, 1,240, or 85.4%, of the 1,452 single-family homes and townhomes sold in August 2016 were for $399,999 or less. Last month, 574, or 30.7%, of the 1,870 homes sold were in the same price range.
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• In August 2016, 83 homes sold between $500,000 and $799,999 or 5.7% of all sales that month. In August 2021, 574 homes or 30.7% sold between $500,000 and $799,999.
• There were six sales of homes between $800,000 and $999,999 in August 2016; last month’s figure was 66.
• When it comes to houses with a price of 1 million dollars and more, in August 2016 only seven were sold; Last month, sales of 43 reached a million dollars.
• Seven-figure sales last month are part of a year-round trend. In the first eight months of 2021, there were 321 home sales of $1 million or more. In all of 2016, there were only 45.
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Why is there such a strong demand for luxury homes in the Colorado Springs area, and who can afford them?
Some buyers come from large, expensive neighborhoods in big cities and are selling their multimillion-dollar properties in other markets, Nehme said. When they arrived in the Colorado Springs area, they now had more money to invest in a nice home, he said.
“Some of them have raised up to half a million dollars in equity in a short period of time for multi-million dollar homes,” he said. So, they bring that money here because of what we offer – the lifestyle, the amenities.
Some wealthy people outside the castles may want a second home and can afford quality property, even if it’s only for seasonal use, Nehme said.
Open Sky Way, Colorado Springs, Co 80908
“People like to come here in the summer,” he said. “If you’re from California, some parts of California are very hot. Some parts of Florida are wet and hot. Texas…. The summer here is just better.”
Some buyers are wealthy retirees who earn money by selling real estate
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