Sept. 30, 2022

What is Real Estate Market doing in Castle Rock CO?

 

 

The Town of Castle Rock is located about 30 minutes (29 miles) south of Denver and enjoys a population of 70,687.  The elevation of Castle Rock is 6,202 feet above sea level.   Castle Rock includes Castle Pines and many rural farm areas outside the City limits.

The Castle Rock real estate market for the month of May 2022 saw a few more sales than April and a significant amount of new listings hit the market (221 to 346).    These stats include Castle Pines and Castle Pines Village, single-family detached homes, and multi-family homes, courtesy of Joan Cox, House to Home, Inc.

 

Sales for August 2022

Sales - 176 properties sold ranging from $231,000 to $3,200,000 (last month -  158 sales)

Average Days on Market - 24 days  (last month 16 days)

Average Price $626,500

List Price/Sold Price - 100%   (last month - 100%)

These homes were built from 1925 to 2022

 

Inventory decreased a bit this month in Castle Rock, yet sales increased from last month.   With many areas in Castle Rock, and a huge variety of price points, this can happen. The current active properties have been on the market for 96 days, so we are definitely seeing a shift.   The pending properties have been on the market for 50 days.

 

The highest-priced property sold was $3,200,000 and is located in Castle Pines Village.   This home was built in 1999.   It has 5 bedrooms, 5 bathrooms, a total of 5,620 square feet, and a 3-car garage on 1.22 acres.    This property went pending in only six days!      

 

If you are looking for the current active listings in Castle Rock, including Castle Pines - here are the active listings in Castle Rock.   

 

Looking for HOMES FOR SALE ON ACREAGE in Douglas County?

 

 

If you are currently looking in Castle Rock for your dream home, give me a call.   Use the link above to see what homes are currently available. 

  

 

Sept. 29, 2022

You Will Find Inventory in Willow Trace - Aurora CO 80015

The neighborhood of Willow Trace is located in southeast Aurora and within the boundaries of Cherry Creek School District, making it very desirable.   You will find single-family homes built from 1997 to 2003, but there is also a small enclave of townhomes in Willow Trace also.

These homes were built by both Richmond Homes and DR Horton.   This community has a great location being close to both Aurora Reservoir and Quincy Reservoir, but also not far from the Cherry Creek State Park.   Within a ten-minute drive, you can be at Southlands Shopping Center which has a multitude of shopping options, dining venues, an emergency center, a movie theater, and many service vendors.   There are concerts on Thursday evenings in the summer, along with a Farmers Market on Saturday mornings.

 

Here is what happened in Willow Trace for August 2022 - 

3 homes SOLD from $565,000 to $630,000  (5 last month) 

These homes were on the market for an average of 29 days (10 last month) 

Sellers saw 94.74% to list price (last month 100%

These homes were built from 2001 to 2002

 

Compared to last month, August did not fare as well, with days on market increasing substantially and list to close price decreased.   Today there are ten active listings with 40 days on market, and NO pending properties.

Click here to see what is currently active in Willow Trace

 

There is a minimal HOA fee which covers common grounds maintenance along with trash and recycling.

School-aged children will attend Cherry Creek Schools - Timberline Elementary, Thunder Ridge Middle School, and Eaglecrest High School.

 

Here is more information buyers will find valuable - 


 

 

 

If you have questions about Willow Trace, or have been thinking of listing your home - give me a call.   I would love to assist you!

 

Sept. 22, 2022

NEW Listing - 4068 S Atchison Way, #303, Aurora CO 80013

Top-floor condo in Pier Point!

  • 2 bedrooms, 1 bath
  • 948 square feet
  • Wood-burning stone fireplace
  • Covered patio
  • Newer stainless steel appliances and washer/dryer included
  • Newer vinyl flooring in living room, entry, and primary bedroom
  • Newer carpet upstairs
  • Very close to Cherry Creek State Park, light rail station and I-225

https://matrix.recolorado.com/matrix/shared/2hjfy9sptrc/4068SAtchisonWay

 

For more information, contact Laura Erwin - (303) 353-8251

Sept. 22, 2022

How did the Luxury Home Sale Market in Denver do in August 2022?

A Luxury Home can be identified differently in cities across the country, but in Denver, my Luxury blog posts will report on detached single-family homes listed in the Denver metro area for over $1.3 million.  (Over the years I have used $1 million as luxury, but with our rising home values, had the need to increase this amount.)  Some have mountain and/or city views, and some properties back to a golf course, or have water views all to compliment one's lifestyle.  (however, we don't have much water)  Some are updated with products from around the world, and some have expansive square footage or acreage.     Whatever a Buyer is looking for, most likely if you have over $1.3 million, you can find it in Denver or in the surrounding suburbs.   

  

Here is how the luxury market fared for the month of August 2022 -

Total sales - 339 homes ranging from $1,300,000 to $7,450,000 (last month was 248 homes, 2021 was 417)   

Average Days on Market - 23 days (last month was 20 days last month and 2021 was 16 days)

Sellers saw - 99.29% to list price

Average price per SF (Total) - $546.99 (last month was $599.01)

These homes were built from 1890 to 2022

 

The highest-priced home sold was $7,450,000 in the Denver Metro and is in Cherry Hills Village.  This home was built in 2004, on 1.05 acres.  It has 6 bedrooms, 12 bathrooms, and a 5-car garage.  This home has 9,052 square feet and was sold off-market and never went on the market.     (this is what happened a few times this year)

 

Looking for a home on acreage and private?    With mountain views?    Or would you like to see what homes are for sale over $1,000,000?   How about a home in a gated community?

Short Sale homes for sale

Contact me for bank-owned properties for sale

 

Football season is upon us, but a media room would be equally as nice to watch a movie with the family and/or friends.   

 

There are 559  homes for sale in the Denver metro area listed over $1,300,000 up to $24,700,000.   They have been on the market for an average of 72 days and these homes were built from 1859 to 2024.     There are no bank-owned properties currently on the market, nor any short sales active.

 

There are 322 homes currently pending over $1,300,000 up to $6,995,000 with an average of 55 days on market.    These homes were built from 1892 to 2023.    

 

Here is how 2020 compared to 2021

Total Sales             2020 - 2,739                  2021 - 4,487

Days on Market      2020 - 53 days              2021 - 27 days

Average Price Sold   2020 - $1,302,500       2021 - 1,350,000

% Seller Saw to List    2020 - 97.06%             2021 - 100%

 

With home values on the rise, we are seeing more sales over $1 million.    I did bump the price point to $1.3 million for 2022.    It isn't unusual to see a million-dollar home.   We are seeing some homes linger a bit longer on the market now.

 

I have obtained my luxury marketing certification which has given me a multitude of new ideas.    If you have seen a home in this post this intrigues you, give me a call - 720-231-6373.   

 

 

Sept. 20, 2022

Parker Colorado Market Update for August 2022

 

You will find this quaint town Southeast of Denver proper, and about 20 miles or 30 minutes.  It is easy to catch the light rail at Lincoln, if you work downtown, or somewhere along the line.    There are about 61,492 residents in the Town of Parker, and Main Street is a fun place to dine, listen to live music or enjoy the retail outlets.

 

If you are looking to buy a home in Parker, there is quite a variety of home styles and neighborhoods.   You can buy a condo or a multi-acre ranch outside the city limits, yet just a few minutes into town.  

 

Sales for August 2022

143 homes sold ranging from $475,000 to $4,000,000 (185 sold last month)

 Average days on market - 22 days  Median days 7  (14 last month)

Average sales price was $730,000  (last month was $709,900)

Sellers saw 99.59% to list price  (last month was 100%)  

These homes were built from 1972 to new builds (2022)

 

As I write this post, there are 307 listings, which is a bit of an increase from last month (301) available with 199 pending listings.   There are a few higher-end neighborhoods with multi-million dollar homes, yet even these homes are selling fairly quickly.   Parker is seeing a bit of a slowdown as well, as the active listings have 52 days on market, and the pending properties have 35 days on market.

 

The highest sale was in Centennial Ranch and sold for $4,000,000.  This home is on 3.8 acres, was built in 2003, has 6 bedrooms, 9 bathrooms, and a 34-car (this is NOT a typo - a 34 car garage) garage.    The home has 11,070 total square feet.    It was on the market for 125 days.   

 

Looking for a home in Parker CO?    Check out this link for the current active listings - 

HOMES FOR SALE IN PARKER CO

 

Are you looking for a home on acreage?    

 

 

 

If you would like to know more about the Town of Parker, please give me a call.  720-231-6373 

 

Sept. 16, 2022

Things to do this Weekend in Denver - 9/16-9/18/22

As we wave a sad goodbye to Summer, and welcome in Fall, there are lots of things you and your family can enjoy this weekend!

 

Of course, the first thing is the Home Opener for the Denver Broncos!   We have new management, a new quarterback, and some high hopes for this coming year.   The home opener will be Monday night at Empower Field.   Denver vs Houston Sunday 2:25 pm.

 

NORTHGLENN — The Northglenn Pirate Festival is back this Septembarrr weekend. The festival begins with Pirate Night on Friday, Sept. 16 at 6 p.m. with live music, sword fighting, dinner, and drinks. The main Pirate Festival on Saturday, Sept. 17 is for kids, families, and individuals with crafts, activities, bounce houses, pirate demonstrations, character appearances, and Carboard Boat Regatta. See the festival schedule at ThePirateFest.com.

 

Fall Fest

BOULDER — The annual Fall Fest on Pearl Street Mall in downtown Boulder takes place Friday, Sept. 16 to Sunday, Sept. 18. This fall tradition features arts, crafts makers, beer garden, children's activities and live music. A handmade artisan market has 100 makers selling home goods, fine art, ceramics, skin care products, leather goods, pet goods and artisanal food.

Summerset Festival

LITTLETON — The sun may be setting on summer, but there's still time to experience a fun, outdoor community festival. The 2022 Summerset Festival takes place Saturday, Sept. 17 at Littleton's Clement Park from 9 a.m. to 5 p.m. There will be craft and vendor booths, kids' activities, a car show, live entertainment, and beer garden with 12 local breweries.

Broomfield Days 

BROOMFIELD — The annual Broomfield Days is Saturday, Sept. 17 with family activities and entertainment at Midway Park. The day includes a 5K race, clown contest, parade, trade fair, canine competitions, craft festival, food booths, three stages of entertainment and demonstrations.

Miners Day

FREDERICK — Miners Day returns Saturday, Sept. 17 to celebrate Frederick's mining heritage. The annual event offers fun and entertainment including a parade, burro race, vendors, food trucks, activities, contests and live entertainment. New in 2022 is an Electric Vehicle Car Show. Miners Day will conclude with a concert and fireworks display.

Kittredge Canyonfest

KITTREDGE — The annual Kittredge Canyonfest will be held Saturday, Sept. 17. The day offers games, silent auctions, arts, crafts, food, drinks, entertainment and vendors. The festival will be held at Kittredge Community Park, adjacent to Highway 74, on the west end of the town of Kittredge.

Taste of the Middle East

AURORA — The 3rd annual Taste of the Middle East Festival will be held Saturday, Sept. 17 at the Aurora Municipal Center's Great Lawn. The festival showcases the food, music, art and dance of Middle Eastern cultures in Colorado. There will be performances from George Nehme, Tony Eid, Rita Farah Fahmeh, Samer Murad and dance performances by Maysa Mais & Ashraf Obossria Skirt. Festival admission is free and VIP tickets are available online.

Loveland Chocolate Festival

LOVELAND — The Loveland Chocolate Festival features six hours of chocolate sampling, shopping and entertainment. There will be chocolate and beer pairing and samples, samples, samples. The festival, which kicks off at 11 a.m. Saturday, Sept. 17, is your source for chocolate fountains, chocolate truffles, chocolate fudge, chocolate martinis, chocolate cupcake, chocolate brownies and more. Grab your tickets at COChocolateFests.com.

Denver Oktoberfest

DENVER — The 52nd annual Denver Oktoberfest returns Friday, Sept. 17 for the first of two weekends of stein-lifting fun in downtown Denver. In addition to stein-hoisting there will be food, bier/beer, live music, brat-eating contest and more. The party will be located between 20th and 22nd on Larimer Street in the Ballpark neighborhood near Coors Field. The celebration runs Friday to Sunday this weekend... and next weekend as well. General admission is free, but Octoberfest steins and VIP tickets can be found at TheDenverOktoberfest.com.

Vail Oktoberfest

VAIL — With a gorgeous mountain backdrop and "European flair," the Vail Oktoberfest has been named one of the ten greatest Oktoberfest celebrations in the United States. The festival, which runs Friday, Sept. 16 to Sunday, Sept. 18 in Vail Village, will have Bavarian fare including brats, schnitzel sandwiches and pretzels. On the schedule this weekend are stein-lifting competitions, adult keg-bowling contests, bratwurst-eating contests, Bavarian costume contest and live music. Vail Oktoberfest is free and open to the public at Vail Village.

Oktoberfest in the Mountains

DILLON — Bust out your lederhosen for the annual Oktoberfest in the Mountains at Arapahoe Basin. The event at Mountain Goat Plaza will have live music, dancing, beer, brats and pretzels from 11 a.m. to 4 p.m. on Saturday, Sept. 17 and Sunday, Sept. 18 with free chairlift rides all weekend.

Art on the Green

GREENWOOD VILLAGE — Art on the Green runs from 10 a.m. to 5 p.m. Saturday, Sept. 17 and Sunday, Sept.18 at Curtis Center for the Arts. This free all-Colorado art fair features dozens of artist booths, food trucks and live music.

Handmade in Colorado Expo

DENVER — The 14th annual Handmade in Colorado Expo runs Friday, Sept. 16 through Sunday, Sept. 18 at Skyline Park in downtown Denver. The free event features independent designers producing original handcrafted goods from a wide array of media including metals, paper, glass, fibers, food, fabricated objects, clay, paint, wax, gems, and more.

So Long to Summer 5K/10K

PARKER — Enjoy the end of a Colorado summer with a workout with family and friends followed by a reward of pancakes. The So Long to Summer 5K/10K begins at 8 a.m. Saturday, Sept. 17 at Salisbury Park in Parker. You can register at ParkerRec.com.

Keith Urban

DENVER — Country music superstar Keith Urban brings "The Speed of Now World Tour" to Colorado this weekend. Urban will be joined by Colorado native Ingrid Andress and one half of Florida Georgia Line, Tyler Hubbard, at a concert at Ball Arena in Denver on Friday, Sept. 16. Ticketmaster.com is the place for tickets.

 

Sept. 12, 2022

When Buying New Construction - Should I use Their Lender?

 

Typically builders have a preferred lender, and if a Buyer uses this lender, you may have some of your closing costs paid.    The most recent contract with a builder was giving $7500 towards closing costs.

 

Be sure to ask what their current interest rate is, and approximately what their fees will be.  Also, call another lender (maybe the REALTOR's suggestion) and get another estimate to know whether you want to go with the Builder's lender or not.

 

I went over the LE (Loan Estimate) with my Buyers, and they sure add a bunch of what we (REALTORS) call junk fees.   Most of my lenders do not charge an origination fee or processing fees.

 

Buying a brand new home from a Builder, you will be paying fees you normally would not pay if buying a resale home.  

 

If you need assistance, it is better to buy a brand new home WITH a REALTOR, as the sales rep does work for the builder - not YOU!

 

 

 

Aug. 29, 2022

Denver Area Market News - Average Price $700,764

The stats are out for the month of July, and it is good news for buyers!      The inventory climbed 31.7% from June.  Most weekends we saw 7,000 or a bit more listings.  Inventory has been climbing since March.   Days on market have increased as well - from 10 days July 2021 to 14 days in July 2022.  Still not bad!

 

 

This data is courtesy of Joan Cox - House to Home, Inc.

 

I track data daily for the Denver metro area, and are seeing between 1,900 and 2,200 price reductions every week (to 7,300 listings) and between 300-360 homes returning to market in a week's period of time.   Both of these numbers have been steadily increasing daily.

 

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

 

Buyers - If you have thought about buying a home this year, rates have increased, but the good news, there are fewer multiple offers on properties.    Be sure to be pre-approved and know what your budget is!  Be prepared, many homeowners are asking for a 60-day rent-back to find a replacement home.   Even though the inventory has increased, it is still at a very low level, you may need to be more flexible in the features you want.   Select the home with the items that cannot be changed (location, layout, school district).   We are also seeing a high number of homes returning to the market, so it would be a good idea to write a back-up offer if you did not "win the bid", as you may get a second chance.

 

Sellers - My sellers are seeing a nice bottom line!    If you are thinking of selling but worried you won’t find a replacement home, I can enter into MLS the fact you require a contingency of a replacement home or ask for a 60-day rent-back to enable you to locate the replacement home.    Seasonally we see a slowdown around the end of June or at least mid-July.   (Kiddos returning to school and families taking a summer vacation)

 

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.

 

Aug. 26, 2022

It is a Good Time to List Your Home

 

This year has been interesting so say the least!   January through end of March was absolutely frenzied, and most homeowners did not want to try and find a replacement home during that time!    Many homes were seeing thousands over list price, and buyers brought all the dollars over the appraisal to closing!    It was nice if you sold in Denver and moved to a lower priced area of the Country!

 

 

 

Since the first interest rate hike end of March, we have seen the buyer pool diminish a bit and sales slowed down.   We also say inventory double and triple since end of March.   With the higher interest rates, pushed some buyers out of the market.    However, rental costs have increased substantially also.

 

Typically after Labor Day the market picks up again, but not at the same pace it was in the Spring.    Homeowner have an opportunity between September 1st and just before Thanksgiving to list their home.   Our inventory has been higher than we have seen in quite a while, so there are choices.

 

Want to know what your home value is?    Click on this link, and contact me for more information.

 

Posted in Seller Tips
Aug. 19, 2022

NEW Listing - Lake of the Rockies in Monument CO

This beautiful ranch home was built in 2018, and shows like a model home.   It is located in Lake of the Rockies in Monument, CO.    

2573 Lake of the Rockies Drive, Monument, CO  80132

Priced at $599,900

 

~ 3 bedrooms, 2 bathrooms

~ 1,537 square feet above ground, 1,291 in the basement, unfinished

~ Lot size is 6,277 square feet and backs to open space

~ 2-car attached garage

 

Great location being within walking distance of Monument Lake, and many dining options in Monument.

 

 

 

Laura Erwin with House to Home, Inc. is the listing agent for this property.  If you would like more information, call 303-353-8251.

 

 

Posted in New Listings