December saw a slight uptick in sales from November, however new listings fell off of a cliff. Only five new listings in December left inventory at a very low 55 active listings. Here are currently only five listings under $400k.
2016 is projected to have Denver top the nation with 7.7% appreciation according to the Denver Business Journal. This follows an 11.7 growth amount in 2015, which also topped the nation. Roxborough has some interesting market conditions that will have some interesting pressures on home prices. With the construction kicking off on Sterling Ranch, we should see an increase in interest to Roxb
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