Hi Folks, I want to extend my sincere thanks and gratitude to everyone in Rock Creek. For 24 years I’ve been able to serve the needs of this community in a variety of ways from school fundraisers, a community directory, flags, pumpkins, and even Santa visits (for those who remember). Along the way I have made a living for my family, and made trusted friends and clients. Most importantly, I have been able to assist hundreds of families with the transition into, or out of, a home. Buying or selling a home, and eventually moving, can be one of life’s most stressful events. Being chosen again and again by Rock Creek families to assist with that move has been my honor. Thank you for allowing me to share my p
We saw amazing growth in the market this year!! With the help of a stronger economy and low interest rates, we had an increase in prices and low inventory. Our activity for Closed transactions was decreased from 134 in 2014 to 121 in 2015. This was due to the low inventory during the summer months, which still tends to be our “Peak” Season. Currently we have 12 homes on the market–ranging from 450K-579,900K. The following homes are under contract:
We are rounding third and being flagged on to home plate. This will be another grand slam year for Martin Acres and Majestic Heights real estate.
The buyers have really taken a beating but there’s a fresh new line-up warming up right now and waiting to take the field in 2016. They are going to come out swinging hard! Let’s get down into some of the numbers.
We’ll start with the November sales. That won’t take long… there were none. We had 2 sales in November of last year but this year is coming to a halt a bit early.
Next let’s look at the number of active listings… there are none. Okay… moving on.
I hope everyone is enjoying the snow we have been getting. I love seeing all the kids on the little sledding hill in Horseshoe Ridge which makes me tolerate the snow a bit more. Everyones holiday decorations are phenomenal this year as well, and it is one of my family’s favorite things to do this time of year to drive around and see all the lights. The holiday season makes me remember and realize more and more what a wonderful community we live in.
In the real estate world the month of November was a little slower than the previous month, which is a very normal thing to see this t
November’s Cherry Hills Village average sold price (derived from 11 closings) dipped slightly to $1,423,318. The highest priced closed for November was 29 Foxtail Circle at $2.8M and lowest was 5801 S Happy Canyon Drive at $675,000. Ironically both were on market for roughly 120 days, the longest days on market for all 11 homes that closed. The average DOM for the month was 46 and the average sold PSF Above grade was $377.00, which is a 13.5% increase from this same time frame last year.
What a white winter we are having in the Ranch. The snowy Canyon is so beautiful these days. Have you seen the flock of turkeys that have been trampsing all over Castlewood Ranch? There are 9 of them traveling in a pack.
There were 12 new listings in November in Castlewood Ranch which is less than the 13 in October and the 15 in September. We need homes to buy. Home prices have never been higher than they are now. I am seeing appreciation rates up to 50% in homes that are selling in the Ranch. It is a good time to be a Seller! The average home sold in our neighborhood is $355,000 and average days
This week mother nature has brought us full swing into winter! The weather in combination with the impending holidays, family gatherings, and travel home will cause home searches to take a back seat. This months data shows an expected seasonal slow down as average days on market increased from 17 days to 24 – a week longer. This is most likely welcomed news for buyers currently house hunting. While homes are sitting a bit longer values are still improving – the average price per square foot for Downtown Littleton increased from $172 to $175. The stats this month support my prediction from l
There was one single family sale during the month of November compared to two sales in October. It is very typical to find lower sales in late fall/early winter, and compound that with low inventory and you get low sales numbers. There were no attached unit (condo/townhome) sales during the month of November.
Single Family Sale:
989 Terrace Circle S. Sale Price $990,000. MLS 769433. 4 bedroom/4 bath, 3981 total square feet.
Holiday Neighborhood Sales:
There was one single family sale in November compared to no single family sales in October. There are usually a few more single family sales during these months but the low inventory is th
Currently, there are 38 homes active for sale in Roxborough Village, Park, Ravenna, Chatfield Farms and Estates. Only five listings are under $400k, although all but two sales in November were under $400k. This would seem that the upper-end market is slowing down quite a bit, however, almost exactly half of the homes under contract are above $400k, and about a quarter of the homes under contract are over $600k. That market is still healthy, but this will be the slowest month of the year in that general price point. There is ample inventory throughout the Southwest area of Denver, and much fewer buyers through the holidays. December through February is the slowest time in the Roxbor
With a total of 68 active SFH and ATD properties, overall inventory is dropping (85 on last report). Average sales price for single family homes is up quite a bit as we had quite a few higher priced properties sell over this period. Average price per square foot is up, again, resulting from the sale of some more expensive high-end homes. Number of sales is down slightly which is to be expected for this time of year. The skinny is that the market is holding pretty steady when expected seasonal down turns are factored in. Average days on market has gone up quite a