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Old 02-19-2014, 08:22 PM
 
Location: Black Forest, CO
1,454 posts, read 2,083,304 times
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Wow I didn't know Gleneagle had closed!
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Old 02-20-2014, 01:10 PM
 
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I am aware that the Gleneagle golf course closed and it does make me wonder what will happen with the home values. The ones that have piqued my interest thus far are not on the golf course and are in well-established neighborhoods, so I hope that would not be too affected by the golf course closing. Also, it seems that with Jackson Creek being just to the north and Northgate and Briargate being just to the south, that this area is not about to be evacuated. It seems likely that a developer will buy much of this land and well, develop--whether it be more houses or commercial property.

However, this observation is from a long-distance observer who is scouring your real estate/schools/neighborhoods, etc., from afar.

Regarding the housing market, it very much seems to still be a buyer's market up there. Many of the houses I see listed have been on the market for 4-9 months. Since this works in my favor right now, I choose not to complain!
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Old 02-20-2014, 03:15 PM
 
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If you want to see how bad it can be for homes ON the course that later closes (not being on a tee or fairway may be better!), check out Appletree GC that closed few years ago south of Colorado Springs: SIDE STREETS: Neighbors lose in landslide; property values plummet as Appletree rots Neighbors taken over by tumbleweeds | KOAA.com |
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Old 02-20-2014, 03:39 PM
 
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Quote:
Originally Posted by huffdiver View Post
If you want to see how bad it can be for homes ON the course that later closes (not being on a tee or fairway may be better!), check out Appletree GC that closed few years ago south of Colorado Springs: SIDE STREETS: Neighbors lose in landslide; property values plummet as Appletree rots Neighbors taken over by tumbleweeds | KOAA.com |
Yikes, thanks for sharing. At this point, I am just hoping the market opens up a bit in the next few weeks.
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Old 02-21-2014, 07:52 AM
 
Location: Colorado
409 posts, read 558,403 times
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I wouldn't think that the other neighborhoods would be much affected, but I'm no real estate expert. If that area is rededicated to open space, it'll still be pretty nice.

However, on the north end of town there are a handful of unfinished development projects, so I'm not sure I'd count on a developer coming in any time soon. Maybe? Maybe not. In the Interquest area, you have the giant, unfinished Colorado Crossing, that IIRC is condemned and would have to be torn down at developer's expense. There's also the Renaissance hotel, which just needs a buyer (last I heard, there was a contract on it, but the sale isn't final). It looks (to me) that development is starting to gain steam at Copper Ridge, around the new Bass Pro, but even so, it'll be a long time before that's anywhere near filled up.

I don't want to steer you away, just be... wary of assuming that a developer will be in anytime soon.
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Old 08-12-2014, 09:27 AM
 
Location: Black Forest, CO
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Ran across an article about the state of the Gleneagle golf course, plus info about what happened to the Kings Deer and Woodmoor courses that recently closed (and reopened).

Gleneagle golf course looks like weed patch | Tri-Lakes Tribune
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Old 08-18-2014, 02:37 PM
 
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Thanks, Beezle, for the updated article. We did end up purchasing in Gleneagle, albeit not on the golf course. I love this area and I do hope that there will be a good compromise to the use of the space in the future. It would be great to see some sort of community park being developed out of some of the land--we are lacking in one of those around here! Fox Run certainly serves as a great park, but it's not exactly "in the neighborhood."
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Old 08-18-2014, 07:15 PM
 
Location: Colorado
409 posts, read 558,403 times
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Glad you've found a place and settled in! We're not far from you, and we love this area.
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Old 08-18-2014, 09:22 PM
 
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Thank you, Charlotte, we are really happy in this area!
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