Category: Morgan Riss

  • February 2016 Market Update for Jefferson Park

    There are currently 13 active listings in Jefferson Park. Looks like of those 13, 2 were listed during January. Average CDOM is 172 which tells me several of these have been on the market for some time now. This is normal for the neighborhood though given that so many are new construction and may not go Under Contract until further along in the building process.

    Of the active properties, prices range all the way from 435K to 4.2 million. The property that is 4.2 is not normal for this area. Typically, there isn’t too many higher than 800k. This neighborhood that was once a hidden jem has become a hip area which has made it hard to find anything under 400k.

    During the month of January only 2 listings sold here compared to December which was 6. This has been a very active neighborhood for months, so a little strange to see only 2 that sold last month.

    Of the two listings that sold, one was on the market for 860 days while the other was on the market for 8 da

    Written by Morgan Riss
  • February 2016 Market Update for West Colfax

    There is currently 3 active listings on the market in West Colfax. These 3 listings have been on the market thought for an average CDOM of 105 days. The best explanation that I can give as to why these have a higher CDOM and have remained on the market for more than the average is because 2 of the 3 are overpriced. One just did a $10,000 reduction within the last day so this could possibly help drive in a little more interest. There is one listing that I do not believe to be overpriced. The reason I believe this listing is still on the market is because the price point is higher than the norm in this neighborhood (600K). The norm is around 340-350K. If this listing were in Sloans Lake, Highlands or Jefferson Park it would be under contract by now.

    Of the properties that are under contract, the average CDOM is 22 days. This tells me that the properties were probably priced right therefore going under contract quickly. There are two properties at 600k, one went under contract a

    Written by Morgan Riss
  • January 2016 Market Update for West Colfax

    Currently there are 4 active listings and 4 listings under contract. The average price of the listings under contract is $330,000 with an average ppsf of $301. It appears that there are more listings under contract during the month of December than the month of November which tells me things may be picking up again here.

    The prices of the listings under contract range from $295,000 to $375,000 which is pretty typical for this area. However, out of the active listings, there is one listed at $625,000 which is higher for the area. The reason this listing is priced the way it is is because it is brand new construction. It is typical to see this in Jefferson Park, The Highlands and Slo

    Written by Morgan Riss
  • January 2016 Market Update for Jefferson Park

    Currently there are 14 active listings which is less than the previous month which had 20 active listings. Currently there are 2 listings that are under contract right now. This tells me that maybe things are slowing down just a little in this neighborhood, but that doesn’t mean that it will last.

    The two listings that are under contract were listed at $330,000 and $360,000. I can see why these listings are under contract and have an average DCOM of 14! It is not often that you come across prices like these in this neighborhood. Most listings start in the 400s and go up from there.

    There were 6 listings sold in the month of December which is one less than the

    Written by Morgan Riss
  • Great Year for Real Estate in 2015 in Jefferson Park

    What a great year it was for Real Estate in Colorado and I am especially impressed with Jefferson Park. This was such a hot little neighborhood with so much activity! The amount of growth in this area is astounding and I believe we will still see a lot of activity in 2016!

     

    Written by Morgan Riss
  • Infographic: December 2015 Market Update for Jefferson Park

    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

    Written by Morgan Riss
  • Infographic: December 2015 Market Update for West Colfax

    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

    Written by Morgan Riss
  • Infographic: November 2015 Market Update for West Colfax

    Currently there are 9 active properties on the market in West Colfax. The average CDOM is 48 and the average price is $350,244. The average price is typical for this area but the average CDOM for October is a little higher than normal for this area. This is probably due to the normal slow down of the fall/winter season. The highest priced property is $600,000 which is a little high for this area and the lowest priced property is $189,900.

    There is a property on the market for $600,000. That price is a little high for this area. It has been completely remodeled and has beautiful finishes therefore it has a higher price point but again, it is more typical to see those prices in Sloans Lake, and Jefferson Park.

    During the month of October there were 4 properties sold. The average CDOM was 1

    Written by Morgan Riss
  • Infographic: November 2015 Market Update for Jefferson Park

    Currently there are 26 active listings on the market in the Jefferson Park neighborhood. The average list price is $681,546 with the highest priced listing being 4.2 million and the lowest $338,900. There is a wide variety of prices in this neighborhood. The 4.2 million listing is probably throwing off the home average price though. Currently there are 9 properties that are Under Contract with an average price of $404,000

    The listing that has been on the market now for 133 days is the 4.2 million dollar listing. This listing is not the norm for this area. Normally the highest priced properties are in the high 7s.

    In the month of October there were 11 properties that were sold. This neighborhood is still very active and probably will be for some time. The average price of the homes s

    Written by Morgan Riss
  • Infographic: September 2015 Market Update for Jefferson Park

    Currently there are 24 active listings ranging all the way from 310,000 to 4.2 million. The average price is $703,102 but the 4.2 million dollar listing could be squing this number. The average PPSF is $312 which is a little higher than normal for this area, but again the 4.2 million dollar listing could be affecting this number. Currently there are 5 properties under contract.

    One listing that really stands out is the 4.2 million dollar listing. It is typical to see listings in the higher ranges all the way up to 800-850,000 but million dollar listing are not typical for this area.

    During the month of August there were 27 listings that sold. These listings had an average CDOM of 2

    Written by Morgan Riss




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