May 14, 2018

Greenfield Market Update - Centennial CO 80016 April 2018

 

 

Greenfield and Greenfield Estates  are neighborhoods located in Centennial, and some homes are in Aurora (right on the border between cities).  In this popular neighborhood you will find a few housing options - single family, townhomes and patio homes.  These homes were built by Village Homes from 1994 to 2016.  Village Homes is now known as William Lyon Homes.  This is a pool community and has tennis courts, along with many trails throughout for walking and biking.  There is a cute pond for the kiddos to fish and the pool was remodeled recently.   There are currently 735 homes expected once the builders are complete with the new construction.

 

 

Here are the stats for Greenfield & Greenfield Estates for April 2018:

~ 4 homes sold ranging in price from $487,500 to $545,000

~ Average days on market was 31 days

~ Sellers saw 99.53% list to sales price

 

 

 

 

 

 

 

 

 

 

 

There are currently is only one active listing priced at $530,000 and has been on the market for 52 days.  This home was built in 1999.

 

Here are the active Homes for Sale in Greenfield

 

There are currently 4 listings under contract priced from $412,900 to $549,000 with 14 days on market.  These homes were built from 1996 to 2003.

 

Here is what happened in all of 2017 - 

~ 39 total homes sold ranging from $360,000 to $585,000

~ Average days on market were 15 days

~ Average price sold was $466,500

~ Sellers saw 100% for list to sales price

 

Residents with school-age children will attend Cherry Creek Schools 

Rolling Hills Elementary

Falcon Creek Middle School

Grandview High School

 

 

 

If you have thought about selling or buying a home in Greenfield or Greenfield Estates, please give me a call.   Joan Cox - 720-231-6373

 

 

May 5, 2018

Are there Upgrades we can do our Home to bring Value?

 

So glad you asked before doing upgrades that do not necessarily bring value to your home.

Kitchens and bathrooms are always good rooms for upgrades.   One question I get A LOT is - we don't use the bath tub, and prefer to have a giant shower with multiple shower heads.    When you change a master bath from a five piece to a four piece, this may turn away some buyers.   If you have another tub in the home, that could work still.   AND, if you make that shower a masterpiece, it could off-set the tub.

 

Kitchens are seeing different counter tops now - laminate is going by the wayside, and granite, quartz and concrete are making their way into many homes.    Farm or apron sinks are popular along with stainless steel sinks.    Be careful not to go too trendy with the back splash, as some trends come in and move out quickly.  Tile or wood flooring in the kitchen is most popular in Denver.   Stainless steel appliances are still in, and thank goodness there are those that don't leave fingerprints!

 

Finishing basements is another area to be careful not to overspend.   Typically you see $10/square foot in the basement.  If you have a walk-out and backing to open space brings value, and a bathroom in the basement will add $8-10,000.  Adding wet bars and fireplaces add value also.   Have had someone spend $200,000 in their in-ground basement and thought they would get every penny back.   

 

Windows, furnaces, air conditioners, new water heaters and new roofs are always good value.

 

The other area that a homeowner will not see much of their recouped dollars is the yard.   Definitely sprinklers, fencing, and decks/patios will add value.    Adding expensive trees, bushes, lazy river, etc. will only add desire for the buyer, not value in the eyes of the appraiser.

 

If you have questions, and wonder if your latest remodel will reap extra dollars, give me a call.    Also, if you do the remodel and get to enjoy these upgrades, is best.   I see many do these upgrades, just in time to sell, and only enjoy them for a month, and wish they had done it long ago!  

 

Posted in Homeownership Tips
April 17, 2018

How Did the Denver Real Estate Market do in March 2018

 Downtown Denver.JPG

The Denver real estate market saw an uptick in everything this past month and definitely into the Spring buying season full speed ahead!   Luckily we saw an increase in new listings (but still not enough) along with the sold and under contract properties!

Personally I saw very brisk activity on every listing I put on the market in the first day, if the home was priced under $500,000, most seeing multiple offers and over list price in the first weekend on the market.   The following data is courtesy of Joan Cox - Metro Brokers - House to Home, Inc.



Denver saw a nice increase in new listings for the month of March, now that we are actually in Spring.  Even though we are now seeing the snowstorms rolling through Denver more frequently than earlier this year.  The under contract listings saw a definite increase over the month of February and sold properties saw a dramatic increase from last month.  The Days on Market saw a decrease, which we see this time of year to 26 days, remaining a strong Seller's Market.   (this includes land, attached properties, single family homes and up to the mega million dollar homes)  

See what homes are currently available - Active Homes for sale in Denver

 

New Listings - 6,334 - up from 4,630 last month  (in 2017 it was 6,815)

Under Contracts - 6,207 - up from 4,782 last month (in 2017 it was 6,214)

Sold Listings - 4,497 -  up from 3,218 last month (in 2017 it was 4,254)

Days on Market - 26 days, down from 31 days last month (in 2017 it was 28 days)

Average Sold Prices - $469,517 - up from $453,606 last month (in 2017 it was $425,922)

Percent of Sold Price to List Price - 100.6%, up from 100%  last month

 

Buyers - inventory increased this month, although still not enough for supply and demand, as we are seeing many homes garnering multiple offers.   With such nice weather, many buyers were out early this year and about searching for their next home.   The price range between $300,000 and $500,000 has been the “sweet spot” and these homes are the ones garnering the most showings and offers. 

 

Sellers -    We need more listings priced below $500,000.    Pricing your home is very important, even with low inventory.    If you don't have showings, you won't see an offer!   If you are thinking of selling, but worried you won’t find a replacement home,  put into MLS the fact you require a contingency of a replacement home.

 

Pricing a home is very important in this current market, and here is a chart showing how our median prices have shifted over the last few years.    

Here is a chart showing when the Sellers are getting closest to their list price.    Depending on what time of year you list, pricing is strategic.   

 

 

 

Denver’s unemployment rate is still very low - at  3.2%.   Still very low comparing to the national average of 4.1% in January.   Colorado’s population is 5.557 million, with the Denver metro area seeing 3.075 million and Denver proper is 683,096.   Denver has outpaced most large cities across the Country and expect to see by 2020 a population of over 3.3 million.   We are seeing many corporations relocating their headquarters or putting in a hub into the Denver metro area, creating job growth.   Our state government is working hard on affordable housing issues for both the elderly and first time home buyers, with so many relocating into the Denver metro area.  If our traffic issues would decrease, we could retain more of our residents.  It can be quite frustrating.

 

 

Homeowners - if you have thought about selling and like like a home evaluation, please let me know, I will contact you right away.  Relocating to Denver, and need some advice - see my Relocating to Denver information.

 

April 16, 2018

Greenfield & Greenfield Estates Market Update - Centennial, CO March 2018

 

 

Greenfield and Greenfield Estates  are neighborhoods located in Centennial, and some homes are in Aurora (right on the border between cities).  In this popular neighborhood you will find a few housing options - single family, townhomes and patio homes.  These homes were built by Village Homes from 1994 to 2016.  Village Homes is now known as William Lyon Homes.  This is a pool community and has tennis courts, along with many trails throughout for walking and biking.  There is a cute pond for the kiddos to fish and the pool was remodeled recently.   There are currently 735 homes expected once the builders are complete with the new construction.

 

 

Here are the stats for Greenfield & Greenfield Estates for March 2018:

~ 4 homes sold ranging in price from $412,000 to $550,000

~ Average days on market was 4 days

~ Sellers saw 100.26% list to sales price

 

 

 

 

 

 

 

 

 

 

 

There are currently only two active listings priced from $412,900 and $550,000 and have been on the market for 13 days.  These homes were built from 1999 and 2003.

 

Here are the active Homes for Sale in Greenfield

 

There are currently 4 listings under contract priced from $512,000 to $560,874 with 23 days on market.  These homes were built from 1999 to 2017.

 

Here is what happened in all of 2017 - 

~ 39 total homes sold ranging from $360,000 to $585,000

~ Average days on market were 15 days

~ Average price sold was $466,500

~ Sellers saw 100% for list to sales price

 

Residents with school-age children will attend Cherry Creek Schools 

Rolling Hills Elementary

Falcon Creek Middle School

Grandview High School

 

 

 

If you have thought about selling or buying a home in Greenfield or Greenfield Estates, please give me a call.   Joan Cox - 720-231-6373

 

 

April 14, 2018

New Listing - Rembrandt Place - Centennial, CO 80121

 

This gorgeous townhome has been remodeled, and all you have to do is move in!   The open floor plan evident upon entry with beautiful laminate flooring.    Just hit the market today!

 

4226 E. Maplewood Way

Centennial, CO  80121

Priced at $330,000

 

The kitchen has been completely remodeled with upgraded white cabinetry, quartz counter tops and all stainless steel appliances will stay.   Cute island with lots of storage along with a good sized dining area.

 

 

All three bedrooms are located on the upper floor, has a small loft at the top of the stairs, and bedrooms are vaulted.    Bathrooms have been completely remodeled with white upgraded cabinetry, quartz counters and tile flooring.    Master bedroom has a good sized walk-in closet and enjoy a cup of coffee to start your day on the deck off the master bedroom.

 

The basement has a warm and cozy family room with a wood burning fireplace.   There is a good sized storage room, laundry room, 50 gallon water heater and central air conditioning.

 

Enjoy outdoor entertaining on the back patio, and there is a two car carport is located directly behind the home.   The Highline Canal is next to this complex, and easy access to go for a walk! 

 

Rembrandt Place has a community pool, and the HOA includes trash, water/sewer, snow removal, exterior building plus roof, and insurance of the building.

 

 

 

Posted in New Listings
March 22, 2018

Is your Teenager Looking for a Summer Job?

 

Every county in the Denver metro area has jobs available to teenagers for the summer.   Never too early to apply now, versus waiting until the day before school lets out for the summer.

 

Check the county's web site where you live under Work Force Center, and there will be all kinds of job options.   Jobs will be available at grocery stores, pools, retail, food service.   

 

Here is the link for the Arapahoe and Douglas County's work force site for job available this summer.

March 20, 2018

Denver Real Estate Market Trends - February 2018

 Downtown Denver.JPG

The Denver real estate market saw an uptick in everything this past month!   Luckily we saw an increase in new listings (but still not enough) along with the sold properties!

Personally I saw very brisk activity on every listing I put on the market in the first weekend, if the home was priced under $500,000, most seeing multiple offers and over list price.   The following data is courtesy of Joan Cox - Metro Brokers - House to Home, Inc.



Denver saw a nice increase in new listings for the month of February, which is very nice with the weather being so mild.. The under contract listings saw an increase over the month of January and sold properties saw an increase from last month.  The Days on Market saw a decrease, which we see this time of year to 31 days, remaining a strong Seller's Market.   (this includes land, attached properties, single family homes and up to the mega million dollar homes)  

See what homes are currently available - Active Homes for sale in Denver

 

New Listings - 4,639 - up from 4,180 last month  (in 2017 it was 4,204)

Under Contracts - 4,782 - up from 4,481 last month (in 2017 it was 4,846)

Sold Listings - 3,218 -  up from 2,933 last month (in 2017 it was 3,253)

Days on Market - 31 days, down from 34 days last month (in 2017 it was 36 days)

Average Sold Prices - $453,606 - up from $447,713 last month (in 2017 it was $396,562)

Percent of Sold Price to List Price - 100%, up from 99.4%  last month

 

Buyers - inventory increased this month, although still not enough for supply and demand.   With such nice weather, many buyers were out early this year and about searching for their next home.   Every year I hear from Sellers ready in January as long as there is not three feet of snow on the ground, and this year is no exception.   The price range between $300,000 and $500,000 has been the “sweet spot” and these homes are the ones garnering the most showings and offers. 

 

Sellers -    We need more listings priced below $500,000.    Pricing your home is very important, even with low inventory.    If you don't have showings, you won't see an offer!   If you are thinking of selling, but worried you won’t find a replacement home,  put into MLS the fact you require a contingency of a replacement home.

 

Pricing a home is very important in this current market, and here is a chart showing how our median prices have shifted over the last few years.    

Here is a chart showing when the Sellers are getting closest to their list price.    Depending on what time of year you list, pricing is strategic.   

 

 

 

Denver’s unemployment rate is still very low - at  3.2%.   Still very low comparing to the national average of 4.1% in January.   Colorado’s population is 5.557 million, with the Denver metro area seeing 3.075 million and Denver proper is 683,096.   Denver has outpaced most large cities across the Country and expect to see by 2020 a population of over 3.3 million.   We are seeing many corporations relocating their headquarters or putting in a hub into the Denver metro area, creating job growth.   Our state government is working hard on affordable housing issues for both the elderly and first time home buyers, with so many relocating into the Denver metro area.  If our traffic issues would decrease, we could retain more of our residents.  It can be quite frustrating.

 

 

Homeowners - if you have thought about selling and like like a home evaluation, please let me know, I will contact you right away.  Relocating to Denver, and need some advice - see my Relocating to Denver information.

 

March 2, 2018

Parker CO Market Trends - January 2018

 

Town of Parker - Parker real estate

 

The Town of Parker is Southeast of Denver approximately 30 miles with a population just over 50,677.    The Town of Parker is a quaint town that is commonly called a bedroom community.    It has the small town feel, yet has lots to offer.   You will find many locally owned businesses and restaurants.    

 

Buyers looking for Homes for Sale in Parker will find sales this past month saw a slight drop in sales from last month, similar to the rest of the Denver metro area.  In January 2017, there were 98 home sales, so the sales compared to last year same month, which shows there was not much change year over year.   Listing inventory saw an increase over last year and last month.  Let's look at the sales data from the month of January 2018 for sales of detached single family homes that were recorded for the Town of Parker - 

 

Sold Information:                                                                  Previous month:

 Total Sales - 103                                                                               135

 Average Days on Market - 19                                                              23  

 Average Price -   $478,000                                                            $470,000                

 Avg Price/Avg List - 99.17%                                                             99.13%  

Highest priced home sold for  $1,900,000                                        $1,984,768

  

Looking at the New Year, we are looking at the 5th year in a row enjoying very brisk sales, already seeing multiple offers and home values increasing.  We are seeing early sales, low inventory and with winter not showing its face in Denver much, we expect the sales to remain brisk again this spring.

 


 
  **Photos courtesy of REColorado

 

 As of today you will find 209   active homes for sale in Parker (ranging from $380,000 to $2,999,000).   These homes were built from 1966 to 2018.   There are 210 currently under contract (ranging from $335,000 to $3,200,000) with an average of 11 days on market. 

   

Looking for a brand new home?    There are 57 homes for sale by a builder ranging from $434,950 to $2,999,000 detached single family homes.    Here is the link for new construction for sale in Parker.     Here is a link to all builders, to see who is building in Parker, and what is available.  

 

If you would like more information on active listings within the Town of Parker, please give me a call or visit my web site and search for homes that may fit your criteria.    Having sold many homes in Parker over the years, please call with any questions. 

 

Map of Parker CO

  

  

Feb. 26, 2018

Denver Market Trends - January 2018

 Downtown Denver.JPG

The Denver real estate market was a bit slower through the Holidays, which is typical, and since the weather has been quite mild, buyers are already out searching for their next home.  We did see many new listing hit the market this month, but still saw multiple offers with homes priced under $500,000.    The following data is courtesy of Joan Cox - Metro Brokers - House to Home, Inc.



Denver saw a nice increase in new listings for the month of January, which is very nice with the weather being so mild.. The under contract listings saw an increase over the month of December and sold properties saw an increase from last month.  The Days on Market remained steady at 34 days, remaining a strong Seller's Market.   (this includes land, attached properties, single family homes and up to the mega million dollar homes)  

See what homes are currently available - Active Homes for sale in Denver

 

New Listings - 4,180 - up from 2,353 last month  (in 2017 it was 3,811)

Under Contracts - 4,481 - up from 3,440 last month (in 2017 it was 4,380)

Sold Listings - 2,933 -  down from 3,922 last month (in 2017 it was 3,235)

Days on Market - 34 days, up from 34 days last month (in 2017 it was 35 days)

Average Sold Prices - $447,713 - up from $443,520 last month (in 2017 it was $401,960)

Percent of Sold Price to List Price - 99.4%, up from 99.2%  last month

 

Buyers - inventory increased this month, and with such nice weather, many buyers were out and about searching for their next home.   Every year I hear from Sellers ready in January as long as there is not three feet of snow on the ground, and this year is no exception.   The price range between $300,000 and $500,000 has been the “sweet spot” and these homes are the ones garnering the most showings and offers. 

 

Sellers - we saw some homes reducing their sales prices in November and December with less buyers on the hunt.   With the New year, we are seeing homes coming on the market, but not enough.    Prici9ng your home is very important, even with low inventory.    If you don't have showings, you won't see an offer!   If you are thinking of selling, but worried you won’t find a replacement home,  put into MLS the fact you require a contingency of a replacement home.

 

Pricing a home is very important in this current market, and here is a chart showing how our median prices have shifted over the last few years.    

Here is a chart showing when the Sellers are getting closest to their list price.    Depending on what time of year you list, pricing is strategic.   

 

 

 

Denver’s unemployment rate is still very low - at  2.8%.   Still very low comparing to the national average of 4.1% in December.   Colorado’s population is 5.557 million, with the Denver metro area seeing 3.075 million and Denver proper is 683,096.   Denver has outpaced most large cities across the Country and expect to see by 2020 a population of over 3.3 million.   We are seeing many corporations relocating their headquarters or putting in a hub into the Denver metro area, creating job growth.   Our state government is working hard on affordable housing issues for both the elderly and first time home buyers, with so many relocating into the Denver metro area.  If our traffic issues would decrease, we could retain more of our residents.  It can be quite frustrating.

 

 

Homeowners - if you have thought about selling and like like a home evaluation, please let me know, I will contact you right away.  Relocating to Denver, and need some advice - see my Relocating to Denver information.

 

Feb. 25, 2018

Homes for Sale with Acreage in the Denver Metro Area

 

Are you a Buyers looking for a home in the Denver metro area, but would prefer a little space and privacy with their home?   To be able to enjoy their outdoor space and not see the neighbors having dinner?    To live close to the Denver metro area and have more than an acre can be costly, but looking a bit outside the Denver metro area and having a 30-45 minute drive you can find some good options.

 

**photo courtesy of REColorado

Homes for sale with acreage

If you would like this search to be narrowed down to a certain City or County, let me know.   Click on the red link to see what is currently available.    Today (2/25/18) looking for 1+ acres within 25 miles of downtown - there are 53 listings ranging in price from $456,000 to $15,900,000.   (there were a few condos listing acreage by accident!)

 

Looking for mountain views?    Maybe be near a lake and have water views?   Depending on your budget, you can achieve this goal!

 

                        **photo courtesy of REColorado

 

Some buyers have requested smaller homes on acreage, and you won't find many.   If there are 2+ acres, you will find homes with 4000+ square footage.  Sometimes the basements won't be finished or some finish, but still will have a healthy amount of square footage.

 

              **photo courtesy of REColorado

 

When you are thinking of acreage, think about the drive to the property.   Are you OK with a dirt road?     I have been on some roads that an SUV was mandatory, and some would seem to be scary if a lot of snow and ice would be on the road with no guard rails.

 

If you are thinking of acreage and would like more information, give me a call.