This 6,300 sqft, 5-bed, 5-bath home in SW Colorado Springs is priced around $1.2M, or about $191/sqft. The comps in your area (similar large, newer homes) are selling for $850K to $1.47M, but most cluster between $850K and $1.05M for homes with 4,000–6,000 sqft. The average price per sqft for comps is $192, and the average sold price is about $1.4M. The house is newer (built 2011), in a desirable neighborhood, and offers great mountain views, but the higher list price could limit flip gains.
If you’re the owner, focus on high-impact, cosmetic updates like landscaping, modern light fixtures, and refreshing paint to make the property pop. For investors, the numbers don’t scream ‘flip goldmine’ given the soft buyer’s market, current price/sqft, and limited upside unless you snag a deal below $1.2M. Patience and strategic marketing will be key to attracting buyers.