Happy President’s Day weekend! I hope you have some fun plans for the long weekend. If you’re in town and plan to make a move this year, you’ll find value in this week’s update. We have all the latest listings to tell you about as well as 13 open houses happening in the neighborhood!
13 open houses?! That’s right. Our newest teammate at Focus Real Estate, Jeff Navarro, is hosting a “Central Park Open House Extravaganza” that involves our listings as well as homes listed by other brokerages! As of the time of this writing on Friday morning, he has rounded up 13 open houses for you to check out in the neighborhood! You can find all the info on the open houses at CentralParkOpenHouseExtravaganza.com. If you have questions or want to tour some homes with an agent highly focused on the neighborhood Jeff can be reached at (512) 993-4188 or [email protected].
Speaking of new members of the team, we have two new Central Park Scoop contributors focused on interior design, Molly and Christy from MC Design Interiors. They have been helping homeowners with some amazing home projects and we’re excited to have their voice on the Scoop! They just wrote this blog post titled “New Beginnings: A Three Part Guide to Transforming your Home”, which is the first post in a series showing you the design/renovation process from start to finish. (And you can see a quick Reel we shot showing off some upgrades they just completed in a Central Park home!) If you’re making a move this year in the neighborhood please call me, but if you want to stay put and love your existing home please email Molly at [email protected].
Interested in the latest neighborhood business news and developments? Check out this latest “Inside Scoop” post from Mariel Ross.
To stay current on happenings in the neighborhood follow the Central Park Scoop on Facebook, IG and YT!
On to the neighborhood real estate…
New Listings
This week 15 new and coming soon resale listings came along in Central Park. Of the new listings, here are two we wanted to highlight:
9034 E 51st Ave: $1,075,000
This 4 bedroom home with a finished basement faces onto a large green space in the north area of Central Park. I think a lot of buyers will love the openness of the main level, the very secluded home office and the low maintenance outdoor space. This home is listed by Martin Mata with Redfin. Want more info? Check out the pictures and description in the link above and it looks like Martin has an open house this Saturday 2/17 from 12:00 – 2:00pm.
9173 E 29th Pl: $760,000
This is another interesting home that just popped up! It’s a ranch style home on the South side of I-70 in Central Park, which can be hard to find in the $700k’s. The location is awesome if you want to be near green space and have the ability to walk to the rec center, Eastbridge Town Center and Stanley Marketplace! It features 2 bedrooms on the main level and then has a finished rec room in the basement. Plus, it sounds well cared for as it has a newer hot water heater and newer furnace. If you’re in the market for a ranch style home this one will be worth checking out. This home is listed by our friend Meg Farina with Coldwell Banker Realty.
Not finding what you want in the resale market? As a team we have multiple homes we’ll be listing in the neighborhood soon and there are still some new build options left. There are 4 new home builders still active in the neighborhood and you can see our new build updates here. With a new build you get a home warranty and there can be some serious financing incentives as well. Reach out! We’d love to connect and help you track down the perfect Central Park home for your needs! (My contact info is at the bottom of this post.)
Under Contract Homes
There were 13 homes that went under contract in Central Park in the last week. Many homes are going under contract quickly, indicating the market is heating up lately! For example, I was valuing a home for a seller this week and as I researched the comparable sales I noticed they were flying off the market! The last 10 homes sales like his in the past 60 days were on the market for a median of 2 days before going under contract! (For context his home was on the South side of I-70 in the $800k range.) We’re seeing similar strong activity on multiple listings we’ve been involved with lately. So for buyers, it’s not necessarily time to go all out with all the seller-favorable clauses you used a few years ago, but on a well-priced/well-staged listing you are probably going to need to make a pretty sharp offer. (That’s a generalization though. Every situation is unique and a good buyer’s agent can help you decide how aggressive you need to be.)
Sold Homes
There were 6 homes that closed in the past week, in a variety of price segments. If you like to watch the market and see what things are moving for you can peruse those sales in the link above. (Take a peek at 2764 Elmira, I’m so proud of our team and how well we stage and present homes. Elmira is a great example, well done Mariel & team! If you need helping selling this Spring in Central Park our team would love to help!)
All Active Homes
There are 36 total resale active resale listings on the market in Central Park right now. This is really low considering the size of the neighborhood.
For Rent Homes
In the link above you can find all the homes for rent on Zillow in Central Park. Since we help landlords manage their rental properties through our sister company, Focus Real Estate Property Management, we are now heavily involved with rental properties in the neighborhood.
Here are a few of our most recent blog posts related to rental properties:
Curious how much your home would rent for in Central Park? Here’s the Cheat Sheet we made for you! Side note: If you purchased your home before March 2022 you probably have a really low interest rate and your home would likely be cash flow positive as a rental! We’re happy to explore that with you if you’re thinking about renting out your home. If you purchased after that date your interest rate is likely higher and you’re not likely to have positive cash flow. Just an interesting rule of thumb we’ve discovered as we help homeowners decide if they should rent out their home or sell it.
4 New Laws Colorado Landlords Need to Know About – Denver is quickly trending towards more and more tenant-friendly laws. Although often well intentioned in my opinion, they aren’t always very practical in real world application. We’re staying on top of these and making sure we keep our properties we manage in compliance.
3 Steps to Navigate Denver’s Residential Rental License Program – Do you have your Denver Rental License in place? If not, you’re supposed to at this point! We’re happy to help you navigate this process as part of the set up process if we manage your property. This blog post will outline how it works, but we can help you execute.
That’s it for our update this week! If we can be of service with your Central Park move we’d love to help! My contact info is below. Thanks for taking the time to read the Scoop!
**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!
