The number of active listings has been consistently low for the last 3 months averaging 18 homes for sale. The average price per square foot has been varied depending on the number of homes over $1.5M that have sold.
The Porchfront homes that are now completed on the west ends of Sumac, and Tamarack went under contract quickly due to their pricing for new construction at $400-$420psf.
Condos and small single family homes between $400-700k continue to sell quickly around $279psf. Vacant lots, and “scraper homes” continue to be in demand when available for $600-700k for .3-.4 acres depending on the street.
The highest priced homes (per square foot) continue to be those that are new, or newly remodeled with a contemporary layout and finishes.
Based on the number of buyers I still have looking on a regular basis, quality houses between $500-1.5M are in high demand.
This slower time of year is still a very desirable time to buy for both investors and homeowners. As you drive around the neighborhood you can see the new construction continuing on several streets which will only continue with our larger lots available to build upon.
*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/or MLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.