Pikes Peak Park Neighborhood
Pikes Peak Park is a large residential neighborhood located in the southeast part of Colorado Springs Colorado. This neighborhood is popular with home buyers because of its convenient location the military bases like Fort Carson and Peterson Air Force Base.
Pikes Peak Park became popular with buyers because of its relative affordability. This area was developed in the 1970s with sporadic development in pockets of available Lots up until the early 2000s.
Affodability and convienience have driven the popularity of Pikes Peak Park and as we can see from the sales data, it is showing up in sales.
Number of Home Sales By Year 2014-2018
Pikes Peak Park Number of Annual Home Sales 2014-2018
2014 |
151 |
2015 |
150 |
2016 |
212 |
2017 |
235 |
2018 |
215 |
Median Home Price
The next important statistic to examine is "Median Sales Price" which just moved up to $220,000 in 2018. Here is a look at the Median home price from 2014 to 2018.
Pikes Peak Park Median Home Price 2014-2018
2014 |
$135,500 |
2015 |
$148,500 |
2016 |
$165,750 |
2017 |
$195,000 |
2018 |
$220,000 |
The gain in Median Sales Price for Pikes Peak Park is great news if you already own a home in the area. If on the other hand, you are a homebuyer looking at Homes For Sale In Pikes Peak Park you are certainly hoping to ooofind something, move in and ride the wave of appreciation.
We really hope this wave continues and will keep our clients informed as to what is happening in the Colorado Springs Real Estate Market.
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