January 2016 Market Update for Sloan’s Lake

Brenda Meyers Front Q4

Wow – activity for Sloan’s Lake remained constant in December, where we normally see a seasonal recess.

34 home sales in December 2015 vs 7 December 2014 – that is certainly remarkable.

There were 19 new listings, 8 attached homes and 11 detached.

Additionally, the homes sold in December kept pace with the prior summer in regards to price and the number of days to contract. No season slow down, and no slow down of any type is predicted.

Check out this January 6, 2016 article by REcolorado, Colorado’s largest MLS: Denver Area Housing Sales Up in December
http://blog.recolorado.com/content/denver-area-housing-sales-december

The sexy beauty at 2128 Raleigh sold for $1,299,000. This is a solid deal since the home has 4,525 fin sq feet, 4 patios/decks surrounding the custom home. Wouldn’t mind waking up to over look the lake, would you? Beautiful roof top deck.

Sloan’s Lake continues to have a large variety of homes on the market. The Raleigh home is at the high end of the scale as it is a detached single family home, lake location, custom and over 4500 sq ft, but there are homes in all ranges of styles and price points: new townhomes, older townhomes, historic duplexes, condos, older single family homes.

Other than Raleigh, here are two others that sold in Dec:

Another single family home, 2745 King St fits into the neighborhood nicely. The exterior is the original 1951 brick facade and garage. But step inside into this cozy raised ranch and it has been completely updated and is very contemporary. The buyers paid a pretty penny too, at $325 per fin sq foot, or $467,500. 770 up and 770 down, every inch was redone to beautiful perfection. Very unassuming from the exterior but gorgeous living!

An attached home, 1648 Winona Ct #3, sold for $250,000, while listed at $260k and first came on to the market at $285k. Considerably less than original list price, as I had predicted during my posted review. There is lots of charm and history here but the multi unit building still has heat delivered by steam and cooling by swamp cooler. So, fecthing $229 per fin sq foot isn’t bad. The beauty of this 1907 building is the details of beautiful porches, huge yard and off street parking.

So regardless of whether a property is detached, attached, old or new, prices remain consistent and keep moving up as everyone should expect as Denver is top of the US real estate market. Homes marketed as for developers only fly quickly. Sloan’s Lake is truly a great spot due to variety of homes and price points. And face it, location, location and location.
Demand in Denver market is increasing and supply is just barely increasing, which is still way below a neutral market. Interest rates increased a bit but are still remarkably low. All studies show that our market, which definitely includes Sloan’s Lake, will continue to rise, and buyers are happy to buy.

While we did not see a dip in the Sloan’s Lake market for Dec, spring and summer is always our best market. I recommend to anyone considering selling to start putting their property in shape now. Most everything will sell, but a seller is incorrect in thinking they can get top dollar if the effort to declutter and stage is not made. Consider a pre-list professional inspection. A listing not ready for market will sit longer, and in this market, that means lowering the price. Why leave money on the table? Let a professional guide you and ensure success.

*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.

Trackback from your site.

Leave a Reply





Contact Us Now

Any questions, comments, or feedback