You’ve heard it time again over the last few months, either this exact quote or undoubtedly something similar: “Denver is in a historic real estate market.”
This might sound like overly optimistic marketing-speak that might not tell the entire story about Central Park’s and Denver’s overall real estate market. While there’s some truth to this (certain homes and price points are not selling as quickly and/or at the same record prices as other homes and price points), but broadly speaking I think the statement is fair – we really are in a historic real estate market.
Just pause on a few of these November real estate numbers, courtesy of the most recent DMAR Real Estate Market Trends Report:
- Median days in the MLS for detached single family homes in the Denver metro was 5 days in November, a tie for the lowest number on record.
- Active listings for both attached and detached single-family homes was 3,415, surpassing the previous low set in December 2017 of 3,854.
- There was a record high average close price for combined single-family detached/attached properties and detached single-family homes ($549,756 and $615,766).
- Months of inventory hit another record low at just .71. For the single-family detached market, Denver only had 1,755 houses currently available for sale (.51 months of inventory). According to DMAR, “[t]his means, in theory, if no houses were put on the market for two weeks, there would be nothing left to sell.”
I’m not sure about you, but I find these numbers amazing. The takeaway? If you’re thinking about listing your home in Central Park or elsewhere in Denver, there’s a, yes, potentially historic opportunity in front of you. And if you’re a buyer, it’s never been more important to secure the best possible financing you can, understand the micro market and homes you’re interested in, and write the perfect offer.
Our 8 real estate brokers here at Focus Real Estate list and market homes for a 1.5% listing commission (includes professional photos, digital 3D Matterport model of your home, professional staging consultation, Facebook/Instagram marketing, full service brokerage services, and more!). If you’re thinking about buying or selling, we’d love to help!
On to the new listings!
10 new listings went on the market in Central Park this week. Here are 3 of my favorites!
Main floor living at its finest in this Boulder Creek ranch-style home! I love the gorgeous hardwood floors, the well-designed kitchen, and of course who wouldn’t like the floor-to-ceiling stacked stone fireplace.
Also on the main level is the spacious master suite, den/office, guest bath, laundry room and mudroom room leading to the attached garage. The finished basement offers two roomy bedrooms with walk-in closets, a guest bath, a huge great room, and a multi-purpose space.
I always love 3D Matterport models. (Did you know you can click a button and drop a ruler in any Matterport model – pretty cool!) Check out this Boulder Creek’s 3D model here.
11278 E. 25th Drive is listed for $699,000 by Amy Atkinson of Focus Real Estate.
The front elevation of this iconic 5 bedroom Parkwood Cape May in Conservatory Green is the cover image for this Scoop post. If the double decks and huge mountain and open space views aren’t enough, I wanted to show off the backyard of this home. Perched on a 7,000 sq. ft. lot, there’s open space across the street as well as a large backyard with a hot tub, built-in swingset, and fire pit.
Don’t miss the TWO main floor bedroom suites, providing rare versatility and options for growing households, work/school from home, guests or those in need of a “Next-Gen” space. If two suites aren’t enough, there’s also a main floor office with French door access to the front porch – and of course a landscaped yard complete with included built-in swingset, fire pit and hot tub.
With nearly 3,000 finished square feet there’s plenty of room to spread out, but there’s also over 1,400 square feet in the unfinished basement for storage or future finished space! Steps to Prairie Meadows Park and only a short stroll to trails, restaurants and the Maverick Pool, you’ve found the perfect spot in Central Park.
8124 E. 51st Drive is listed for $955,000 by Mariel Megan Ross of Focus.
I love the colors in the kitchen of this townhome! This townhome built in 2017 is an end unit and features a main floor gated patio and an attached 2 car garage that leads into the entryway with a laundry room and coat closet.
The second floor has an open plan kitchen, dining space, and living room, which lots of natural light.
This 2 bedroom, 3 bathroom, 1,355 sq. ft. townhome is listed for $447,750 by Julie and Justin Reddington of Colorado Home Realty.
There were 5 homes that went under contract in Central Park this week.
7 homes closed this week in Central Park.
There are 29 total active listings in the neighborhood right now.
As always, if you need help with your move we’d love to help. My contact info is below and our whole team is here to serve. Have a great weekend!
**Focus sells homes for a 1.5% listing commission. Neighborhood experts, reduced commissions**
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!