Discover Why Westside Colorado Springs is the Top Spot for Baby Boomers and Investors

Nestled against the stunning backdrop of the Rocky Mountains, the Westside of Colorado Springs is quickly becoming a top choice for many looking to buy or invest in real estate. With its new developments focusing on townhomes, luxury residential homes, and multifamily units, the Westside presents a range of opportunities for baby boomers, move-up buyers, people relocating, and investors seeking rental properties or commercial spaces.

But what makes this part of Colorado Springs so appealing, especially at a time when the market is showing signs of a slowdown? Let's explore some of the key projects and trends that are making the Westside a favored destination.

The Problem: Limited Supply and Rising Demand

As exciting as the new construction is, interested buyers and investors are noting a few challenges:

•  Limited New Supply: With a broader market slowdown expected by 2025, the supply of new homes is tight. This limited inventory makes it harder to find suitable properties, especially those offering great views and easy maintenance.
  
  
• Rising Market Prices: With the Westside being so desirable, home prices are climbing, making the area competitive and potentially out-of-reach for some buyers and investors.

The Agitation: What This Means for Buyers and Investors

The limited supply of homes and rising prices can feel overwhelming. For baby boomers looking for a low-maintenance lifestyle close to nature or key landmarks, finding the perfect home can seem daunting. Meanwhile, investors looking to tap into favorable rental markets must act quickly to secure properties that promise good returns.

• Baby Boomers: Many baby boomers are seeking homes that are easy to manage and close to places like the Garden of the Gods. They are waiting for the right home that fits both their lifestyle and budget.
• Move-Up Buyers: For those wanting to move into a luxury home, the market requires swift decisions as prime properties are snatched up quickly.
• Relocating Families: With military bases nearby, individuals moving into the area face increased competition for family-friendly housing.
• Investors: With a drop in multifamily starts, investors must carefully choose properties that not only have growth potential but will also meet the high demand for rental homes.

The Solution: Opportunities in New Construction

Despite these challenges, there are several bright spots in the Westside market that cater to the needs of different buyers and investors. Here are a few prime new construction projects to consider:

1. The Vistas at West Mesa (Lokal Homes)

These new townhomes feature 2 to 3 stories, spacious kitchens, and two-car garages. With a design that minimizes upkeep, these homes are perfect for busy professionals or empty-nesters. Located with quick access to places like the Air Force Academy and Fort Carson, they offer the convenience of city living with mountain beauty.

2. Toll Brothers at Gold Hill - Apex Collection

Positioned in a colorful master-planned area, these luxury homes appeal to families and design enthusiasts who love upscale living with a community feel. The neighborhood offers easy access to Old Colorado City and downtown amenities.

3. The Preserve at Mesa Creek (GoodwinKnight)

For those interested in rental properties, the planned multifamily units provide a promising opportunity. With mountain views and a shared clubhouse, they are likely to attract families who appreciate pedestrian-friendly living.

Why Now is the Time to Act

Why?

The Westside's appeal is backed by more than just its natural beauty. With planned projects and a strong market for rentals, the Westside continues to draw interest from different buyers, but properties don’t last long. Outstanding views, proximity to landmarks, and community-focused living make the area particularly attractive.

What?

With the current focus on building townhomes and luxury properties, and a forecasted stable market with slight growth, potential buyers and investors may benefit from acting sooner rather than later.

How?

• For Baby Boomers: Discover the benefits of townhomes or master-planned communities that offer easy upkeep and resort-like amenities.
• Move-Up Buyers: Explore new builds that cater to luxury tastes yet remain centrally located.
• Relocating Families: Look for properties with features suited to family needs near schools and parks.
• Investors: Consider multifamily developments that are positioned to meet high rental demands.

What If?

Should these trends persist, those who don't act might find themselves priced out or missing out on optimal properties. However, a timely purchase or investment could offer strong returns, particularly as interest in Colorado Springs continues to grow.

Conclusion

The Westside of Colorado Springs is more than just a beautiful area; it is also a prime spot for new developments that cater to a variety of real estate needs. With limited supply and continued demand, savvy buyers and investors should explore these opportunities with care and prompt decision-making to secure a place in this booming market. Whether looking for an easy-to-maintain home with breathtaking views or a solid rental investment, the Westside offers a promising range of options.

Les Goss
Colorado Peak Properties

#ColoradoSpringsRealEstate, #ColoradoSpringsRealtor, #BabyBoomers