Norwood Real Estate

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Norwood Real Estate & Homes for Sale in Colorado

Norwood, Colorado Springs is a 3,000-acre master-planned community situated in the northeast suburbs of Colorado Springs. The Colorado Springs area offers everything a resident could ask for: scenery, opportunity, quality neighborhoods and recreation. This is truly one of the most exciting cities in the state of Colorado and in the country—as confirmed by its selection as the No. 1 Best Big City in Money magazine’s 2006 list of the Best Places to Live. Norwood is located about 10 miles northeast of central Colorado Springs. It is a large residential development containing winding roads, cul-de-sac homes and dozens of acres of parkland. Many homes offer gorgeous views of Pikes Peak and/or the city lights of Colorado Springs.

Cottonwood Creek Community Park, located in Norwood, is another significant amenity for the locals. This 77-acre park features an indoor pool, sports fields, a hockey court, disc golf, jogging paths and more. Families use the park for weekend picnics, morning jogs, youth soccer games and other leisure activities. Norwood is accessible from Interstate 25 and East Woodmen Road as well as from North Powers Boulevard. Communities near Norwood include Briargate, University Park, Garden Ranch, and Erindale. Local landmarks and points of interest include the United States Air Force Academy, Garden of the Gods, Pike’s Peak and the Chapel Hills shopping center. Real estate options in Norwood consist of detached single-family homes, patio homes, condominiums, and townhouses.

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Price Range of Norwood Houses

Norwood Colorado Springs real estate includes a varied selection of detached, single-family homes and condominium/townhouse units. Home prices range from about $150,000 to over $400,000. Many of the available homes have three bedrooms and at least two bathrooms—floor plans that are definitely large enough for young families. The curved streets and cul-de-sacs of Norwood create private yards and low-traffic streets, an ideal environment for anyone who prefers a relaxed, suburban lifestyle. Scenic views are another big selling point for the Norwood Colorado Springs community. Pikes Peak and other impressive mountaintops can be seen in the distance, capped with snow in the winter months.

Norwood Real Estate Stats and Trends for the week of September 18th, 2019: homes priced around $341,551 compared to $335,780 the previous week, showing a increase of more than +2%.  For Wednesday, September 18th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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