Tollgate Crossing Market Update - Aurora, CO 80016 June 2016
Tollgate Crossing is a beautiful neighborhood of single family homes that was started by DR Horton that is conveniently located 30 minutes outside of Downtown Denver, and is an easy commute to DIA. You will also now find Oakwood Homes building in Tollgate Crossing. With many pocket parks throughout the neighborhood, it's not uncommon to see neighborhood families with kids playing and enjoying the Colorado weather. Living in Tollgate Crossing you have shopping at Southlands Mall, retail and hospitals close, but don't have the traffic you would expect in Denver. Homes in this neighborhood were built from 2004-2015. This neighborhood is located in the Cherry Creek School District. You will find this neighborhood in the zip code of 80016. Currently there are 1,024 homes, and more being built by Oakwood Homes.
Today let's take a look at how the market has fared in June 2016. Sales increased for the month and is above 2015's sales which were only 9 sales. Home values in this neighborhood has seen nice increases. Homeowners have seen a 10% increase from last year. So far 2016 has experienced strong sales. Many homes are seeing multiple offers within a day or two. The new construction homes are on the market longer, which is skewing the numbers a bit. Nice to see more new construction, giving buyers more housing options.
Sales - June 2016
Total Sold - 10 ranging in price from $338,500 to $505,000
Days on Market - 8 days (May saw 7 days)
Average Sales Price - $407,500 (increase from $380,000 last month)
Sales Price to Sold Price - 100.00% (100% last month)
This home has been sold.
Currently you will find the following actives and under contracts in Tollgate Crossing -
Actives - 16 ranging from $329,000 to $475,000
Days on Market - 28 days and homes were built from 2004 to 2016
The longer days on market are showing for the homes under construction (you can see the difference when looking at SOLDS or under contracts)
Under Contracts - 24 ranging from $379,900 to $515,796
Current average days on market for homes under contract are 28 days which does reflect a few new builds going under contract (dirt start)
BUYERS - If you have always wanted to live in Tollgate Crossing - check out the current homes Homes for sale in Tollgate Crossing, and call me to start the search. You could be in your new home to plant your spring garden.
SELLERS - The Denver metro area market is a strong Seller's market, and a need for more listings. I have sold many homes where the Seller was able to see a much higher price than they ever expected. Please visit my web site to view properties available in the Denver metro area, or how I can be effective in selling your home.