Happy Friday! I know many of you are doing the last-minute scramble to finalize all your gifts and get in one more holiday activity before the close of the 2023 holiday season, so I’ll keep this week brief!
The BIG update in Real Estate? The Fed communicated this week that they are holding steady, and they signaled several cuts to rates in 2024. As many have been waiting for, this will allow interest rates to start to trend downward. We don’t expect a major change for the remainder of 2023, or to see rates in the 2-3% range again, but we do anticipate 2024 being more favorable for Buyers. YAYYYY! What does this mean?! Well, overall, this is excellent news for the housing market. Buyers who were priced out due to high interest rates will be able to jump back in. This will create more competition again, so Buyers, don’t expect your negotiation power to be as favorable as 2023 when it comes to offers and inspections. For sellers, this means the buyer pool will expand and your home will have more exposure to get the attention of a motivated buyer. All around, this is welcomed news and we are here at Focus Real Estate to answer any questions you may have!
Want to avoid competition and score an incredible interest rate right now? Let’s talk new construction homes! Builders are still offering buydown incentives which can be as low as 3.875%! Yes, you read that correctly! Our friends at Shea Homes are offering an incredible incentive at the new community of Lyric in Lone Tree. With the nickname “Central Park of South Denver” you really should check this new community out! Lot releases began this year and Shea Homes currently has 3 quick move-in homes ready for Q1 delivery. Did you know our friends at Infinity Homes, Thrive Homes as well as Lokal Homes will also be building in Lyric over the next few years? Head over to the South Denver Scoop on Facebook and Insta to keep informed on new happenings in the South Metro.
Need some gifting ideas? Check out Joe’s latest blog, Conscious Consumerism: Thoughtful Holiday Shopping In & Around Central Park. Make sure you support your local businesses! At the end of the year, we feature a different business every day on the Central Park Scoop’s Facebook page. Go check them out! Have a business you would like featured? Send us a note!
If you missed the Inside Scoop 2 weeks ago, here’s a quick link to Mariel’s blog Inside Scoop: Lucky Strike & TAG Burger Bar coming, Drybar under construction, new Cracker Barrel next to I-70, Lululemon opens, new P.F. Chang’s is here, and more!
Each week we share these types of posts on the Central Park Scoop blog but to get the info even quicker follow the Scoop on Facebook, IG and YT!
Onto the Real Estate Update, let’s jump in!
New Listings
This week we have 3 new resale listings hit the market in Central Park.
Check out this new listing that caught our eye:
5978 Alton St:
Listed by Joe Phillips of Focus Real Estate for $825,000. Nestled in Central Park’s tranquil Beeler Park neighborhood, this contemporary Thrive “Vita” four bedroom home feels brand new! We think buyers will love the 10-ft high ceilings, sophisticated designer touches, modern kitchen and open floor plan! Plus it features 3 bedrooms upstairs and a 4th in the finished basement, which often checks the boxes for a lot of buyers. The private backyard offers two patio areas with irrigated planters and a low-maintenance turf yard, seamlessly connecting to the two-car garage, which houses an included upright full-size freezer. Minutes from Splash Landing pool, Shops at Beeler and Beeler Park splash pad. Conveniently located with easy access to downtown, DIA, and the Anschutz Medical Complex. Open House this Saturday, December 16th from 12pm-2pm.
Under Contract Homes
This past week 3 homes went under contract in the neighborhood.
Sold Homes
There were 7 homes that closed last week ranging from $385,000 to $1,350,000. If you’re curious what your home is worth, we’re always happy to do a free, no-obligation valuation if you’re considering a future sale.
All Active Homes
There are 38 active resale listings on the market in Central Park right now, with another 19 homes that are either quick move-in or ready to be built. We have the latest information from the remaining builders on what’s available. Have questions? Please reach out!
For Rent Homes
In the link above you can find all the homes for rent on Zillow in Central Park.
Lastly, for landlords, we recently wrote the two blog posts below to provide helpful info regarding some rental law changes and to help them navigate the Denver Rental License they need by 1/1/24. (Time is running low! Need the “easy button” on all this rental stuff? We manage properties in and around Central Park! You can learn more on our property management website or you can call Joe directly at (720) 299-1730.
4 New Laws Colorado Landlords Need to Know About
3 Steps to Navigate the Denver’s Residential Rental License Program
If you have a property you’d like managed, please keep us in mind! Here is our pricing and services page if you want to check out what we do. We can take that off your plate and let you focus on other things in your life. For new clients, we’ll help you through the Denver Rental License process at no charge above the hard costs of the third-party home inspection and online City application fee. ($224 in total).
That’s it for this week! If you want to talk Real Estate or really anything you think should be on the Scoop, let’s chat! Send me an email at [email protected] or feel free to call/text me at 303-434-1646. Rebecca
**Focus sells homes for a 2.0%- 2.5% listing commission. Neighborhood experts, flexible commissions**
Disclaimer: Our Friday real estate updates are meant to be a “roundup” type post where we discuss all listings in Central Park, not just our own. It’s our way of making sure we follow the market closely and we share it with the Scoop readers because we know many of you like to track real estate in the area as well. Many of the listings in these posts are not our company’s listings and we wanted to mention that here to make sure it’s clear. Thanks for reading the Scoop!
