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January 2016 Market Update for Horseshoe Stroh

 Dustin Ragle Front Q4

With 2015 behind us it is time to take a look back and see how the real estate market faired compared to 2014. Let us first look ahead to 2016 and what this year has in store for us in the real estate world. Many publications and websites are predicting that Denver will be the hottest housing market in the country in 2016. This can be attributed to a large number of jobs coming to our city as well as an low unemployment rate and great home appreciation. This will mean another tough year on buyers very likely having to deal with multiple offers and bidding situations. The inventory will continue to remain low giving the sellers the upper hand again this year. Lets all keep an eye on the mortgage interest rates as well this year as they could have a huge impact on the housing market. With the Fed raising the rates at the end of last year we saw little movement in the long term rates. If they continue to raise the rate it could slow down the market and make rates very volatile and only time will tell.
Alright lets look at the numbers!
Horseshoe Ridge:
2014-                                                                 2015-
Total Homes Sold- 40                                       Total Homes Sold- 22
Total Volume- $16,888,127                              Total Volume- $10,140,565
Average Sold Price- $422,203                         Average Sold Price- $460,934
Average Price/Sq. Ft. Total- $104.62              Average Price/Sq. Ft. Total- $118.78
Average Days on the Market- 67                     Average Days on the Market- 47
Stroh Ranch/Country Meadows- Detached Single Family Homes
2014-                                                                2015-
Total Homes Sold- 107                                    Total Homes Sold- 134
Total Volume- $32,444,776                             Total Volume- $45,923,366
Average Sold Price- $303,222                        Average Sold Price- $345,288
Average Price/Sq. Ft. Total- $119.97              Average Price/Sq. Ft. Total- $127.89
Average Days on the Market- 34                    Average Days on the Market- 17
Stroh Ranch- Attached Single Family Homes
2014-                                                               2015-
Total Homes Sold- 58                                     Total Homes Sold- 56
Total Volume- $8,488,222                              Total Volume- $9,284,900
Average Sold Price- $146,348                        Average Sold Price- $165,801
Average Price/Sq. Ft. Total- $129                  Average Price/Sq. Ft. Total- $161
Average Days on the Market- 19                    Average Days on the Market- 6
 
It was another great year in real estate as you can see by the numbers! While the number of homes sold in Horseshoe Ridge was down for the year the two numbers that really matter were up which are average sold price and price/sq ft. Stroh Ranch and Country Meadows saw huge jumps in all the categories on the board and we should see a lot more of the same this year. If anyone has any specific questions regarding any of this material or about anything please feel free to contact me. I look forward to meeting more and more of you this year! Cheers to another great year!

*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.

 

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