We are once again experiencing the usual seasonal slowdown but the overall activity is still quite good. 11% more activity than last year. The higher priced homes in Founders are taking a little bigger hit than the others but homes are still selling if they are priced right.
*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.
Currently there are 20 active listings on the market in this neighborhood. That may seem like a high amount but is typical for the area due to the amount of new construction going on. Of the 20 that are active, 17 are either condos or townhomes-again typical for this neighborhood. Prices range all the way from $338,900 to 4.2 million.
Single Family Homes are become a rarity in this neighborhood. Because of the once low prices in this neighborhood, many developers were drawn to it and had a vision that it would be a hot neighborhood. Because of this, a majority of the housing here is new modern construction as many of the old homes and lots were bought and converted into condos and townhom
There were only 3 new listings that hit the market this December, and 2 of the 3 have already been scooped up. Buyers have very little to choose from on the hill at this time. If you’re looking for a single family home, one is just under $1 million dollars, and the other is a bi-level for $370,000. Both of these homes have been on the market since the summer (July and August). There are 3 condos/townhomes to choose from at this time – ranging from $212,000-$308,000. There are currently 16 homes under contract, ranging from $195,000-$469,900 list price.
There were 7 total homes sold in November of this year, compared to 4 total in November of last year.
A vast majority of active listings in Lincoln Park and Golden Triangle are Town-homes or Condominiums (28 available) only one Detached Single Family home is available in Lincoln Park and 4 under contract. 7 of the active listings are pre-construction town homes that are taking reservations. This is the first new construction development in Lincoln Park which I think is great for the neighborhood, but on the other hand some neighbors are not too excited about the architecture of this complex located at 9th and Kalamath.
11 properties sold in the moth of November all of the sold units were town-homes of condominiums. The average sold price is $391,909 average. PSF $338 and average 43 Days on the
Currently there are 7 active listings. These are the same listings that were listed in the month of October as well so there were no new listings that came on the market in November. The average listing price is $383,243 with an average PPSF $250. This price is typical for the neighborhood.
There are two listings currently on the market that are in the 600s which is not a very typical price point for the neighborhood. One of the listings is new construction and the architecture, style, and finishes are typical of the new construction found around Sloan’s Lake, The Highlands and Jefferson Park.
During the month of November there were 4 listings that sold which is higher compared to the
Inventory in Crestview is the lowest we have seen all year. There were only 2 new listings bringing active listings up to 13 with 6 under contract. Both of the new listings went under contract with in the first few days of being on the market. The remaining active listings have been on the market for 90 days or longer.
1525 Redwood at $699,000 with a .34 lot and 2111 Norwood at $527,000 for .47 lot have homes that will be scraped for a spec or custom home to be built. The home on Norwood was non insurable HUD home but still had 30 some cash offers to work through as $527,000 for almost a half acre of land is a steal in this market. 1/3-1/2 acre lots have been selling between $600-800,000 in 2015.
As of this writing on Dec 14, there are 27 detached homes that are not under contract but hoping to be! A modern new build at 3935 W Byron Place is listed for $1,250,000 and is expected to be completed March 2016. It is 4037 fin sq ft, 4 beds and 5 baths, 3 car garage. It is a custom home so you can still pick out your own finishes. And I always love a main floor master suite. At the other end of the price spectrum is 1746 Grove St. It has come down in price and is currently $397,000 – it’s a fixer but you can almost double the finished square footage if you finish out the basement. At the median price for detached homes in Sloan’s Lake is 2830 Raleigh St. I reviewed this home and predicte
Currently, there are 19 total listings in Renaissance, Meadow Mountain, and Portico. These actives are made up of 7 attached dwellings and 12 single family homes. Of the 19 total actives, 8 are under contract, 5 are to-be built, leaving only 6 true active properties in standing inventory. The active properties are more expensive than most buyers would hope for. Only 1 active listing is priced below $400,000 – 1651 Venice Ln. – a 2 bed, 3 bath townhouse listed at $329,700 (Under contract in 5 days). In fact, 13 of the 19 active listings are priced above $500,000.
The average list price for active attached dwellings is currently $472,670! Over the last 12 months, there were 18 attach
Our inventory consists of 1- Active Listing and 4- Under Contract Listings for a total of 5 listings. The one active listing has been on the market since July.The only property to come on the market in the last 75 days is 9642 W 56th Place, which is Under Contract. Inventory is seasonably flat, to be expected. However, in this same 75 day time frame in 2014 there were 5 properties that came on the market as opposed to this one listing.
My community is within the following boundaries: east/Independence, West/Ward Road, North/58th Ave and South/Ridge Road. What is happening and really interesting to see is that within these boundaries lies numerous condos/townhouses; in
Only 1 home on the market currently. Seven new listings with an average price per square foot of $254 and an average list price of $282,367. The average day on the marker was only 4 days. Looking forward to seeing what these sell for!
My favorite for this month is 2201 W Tennessee a gorgeous custom build 1954 brick home with exposed timbers, significant updates and a very unique floor plan. It was listed for $325,000 and went under contract in just 3 days.
Homes with potential and great bones like 865 S Peterson Way are seeing big returns when priced write. This home was listed for $265,900 and sold $17,000 above asking price for $282,900.