Yesterday I visited a new development about to have their grand opening party, Promontory Point. I was pleasantly surprised to find that they’ve already sold 22 homes while trying to get the model park together. This is the first major new project to open in the Monument / North Colorado Springs area in a while, and while it is not the only place to get a new home built in northern El Paso County, it is one of the nicest, with fantastic views, a choice of floor plans from both Classic Homes and Vantage Homes, great D38 schools, and prices in the mid $300’s to mid $400’s. Minutes from I25 access and the Jackson Creek shopping centers, this development looks like a winner.
Of course the opening of a new development doesn’t mean that new construction is now going to take off, but the fact that they are already into Phase 2 lots, tells me this is the beginning of a good thing. New homes have always played a big role in our market, at least until the Great Recession began. I’m hopeful that this year will be a turnaround year for our local Colorado Springs builders.
For more information about Promontory Point or other new developments, give Rick Van Wieren a call at 719-331-7675
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