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March 1, 2024
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This Week in Central Park Denver Real Estate 3.1.24

Before we dive into the real estate update, I wanted to introduce myself since this is my first Central Park Scoop post. My name is Jeff Nazzaro, and I moved with my family to Central Park in 2022. Before moving, I was a licensed real estate broker for many years in Austin, Texas. I’m excited to hit the ground running here in Denver with Focus Real Estate and contribute to the Central Park community.

I’m also excited about the Spring real estate season. Once you’ve reviewed the numbers below, you will see why we believe that Spring has already sprung here in Central Park!

The Spring we’re referring to is the Spring real estate season when buyers converge on the neighborhood and “Coming Soon” and “For Sale” signs dot the yards of our neighbors.  Historically, that influx in real estate activity began in late March. This year, however, is a different story.

Spring is here and so are we… to help you navigate our local market.  

National trends and stories about real estate are interesting. At times, the information may conflict with what you hear locally. Sometimes the news may even seem alarming; however, real estate is local. Local statistics directly relate to pricing strategies, influencing what buyers are willing to pay for real estate and the price for which homeowners are willing to sell.

5490 Trenton is listed for $775,000

Today in Central Park, the numbers are compelling. We are not downplaying national trends; we are encouraging you to apply the information in a manner that suits you in your local market.     

I wanted to include some of my thoughts and advice on preparing your home for sale, and also some of the trends I’ve been seeing at different open houses I’ve hosted the past few weeks.

If you’d like to see all the open houses in Central Park this weekend, check out Central Park Open House for more (14 total open houses so far)! Also, scroll down for more thoughts on house prep and open houses.

But before we go further, I wanted to pause on three builder updates are team has put together. Check them out!

Builder Update: David Weekley Homes (Feb 2024)

Builder Update: Infinity Homes (Jan 2024)

Builder Update: Brookfield Residential (Jan 2024)

Infinity has lots and homes available

Now, here are two new listings I wanted to feature.

NEW LISTINGS

5490 Trenton St

OPEN HOUSE 12-2 PM SATURDAY (3/2)

Dining room of 5490 Trenton Street

Situated on a spacious corner lot overlooking Willow Basin Park, this modern 4-bed, 3.5-bath Wonderland home welcomes you with luxurious hand-scraped wide-plank wood floors, designer lighting, soaring 10-foot ceilings, and mountain views.

What do I love about this home? First, check out the photographs of the huge oversized back yard. I can picture beautiful summer evenings sitting under the pergola, and then heading up to the elegant primary suite’s balcony to watch the sun set behind the mountains.

I also love how the finished basement offers an additional bedroom with built-in double desk, a family/media room, a wet bar with white quartz counters and floating shelves, and even a workout space.

This home is listed for $775,000 by Mariel Ross at Focus Real Estate.

6039 N Boston St

OPEN HOUSE 12-2 PM SATURDAY (3/2) & 12-3 PM SUNDAY (3/3)

6039 N. Boston is listed for $1,240,000

This stylish “Next-Gen” home boasts 6 bedrooms, 4 baths, solid wood floors, a private office, a 3-car attached garage and owned solar. Don’t miss the sun-drenched living room with 18′ ceilings and stacked quartzite fireplace!

Take a moment to view the elegant and creative design aesthetic. This listing is a picture of the form meeting function. This home was built by Lennar, and is one of their “Next Gen” products. There is a separate home within the home. It even offers its own separate entrance. The “Next Gen” apartment in the home is fully equipped with a combined large living/dining area, private bedroom and bathroom with glass enclosed shower as well as a separate washer and dryer within the unit. With its own entrance , the apartment has passive income potential for either short or long term rentals.

Bedroom in 6039 N. Boston

This home is listed by Lisa Palladino of Focus Real Estate for $1,240,000.

And now, here are a few of the numbers you’ve been waiting for!

Active Listings

There are currently 49 active and coming soon non-builder listings in Central Park.

New Listings

This week we saw 14 new non-builder listings in the neighborhood (2 are also “coming soon”). 

Under Contract Homes

Right now there are 14 homes that are pending (meaning they are under contract, but have not yet closed). Of those 14 listings, 10 went under contract within a week or less of being listed. Those sellers, and their agents, made impactful choices as they prepared their homes for sale. Additionally, their pricing strategies and decisions seemed to be on point. Pricing and condition are two elements where homeowners can make decisions that directly impact their selling experience.  

Closed

14 homes closed this past week. Seven of those homes closed at or above their current list price. These homes sold at 99% of their list price on average.   

Now that we have this data, I want to mention that collaborating with homeowners, as they prepare to list their homes for sale, is an important aspect of our contribution to the process. We encourage sellers to transform their home into a house prior to listing it for sale. The differentiation between a home and a house is significant and the investment you make at this phase of the process can directly impact the success of your transaction. 

From the time you moved into your home, you organized it, designed it, and set it up in a way that is pleasing to you. Preparing a house for sale is different.  The goal is to make the house pleasing to a broad spectrum of buyers. 

Early next week, we will dive deeper on the the list below and provide some examples and other creative ideas that help showcase your home. Consider addressing the following items, keeping in mind the list is not all-inclusive:  

  • Curb Appeal 
  • Repairs and Maintenance 
  • Neutralize and Depersonalize 
  • Paint 
  • Maximize Natural Light 
  • Organize and Stage 
  • Deep Clean 
  • Update Lighting 
  • Highlight Storage Space 
  • Create Spaces and Scents that Invite Buyers to Enjoy  

At recent open houses, we’ve noticed buyers are showing up; they are prepared and informed. They bring tape measures, take pictures, and frequently discuss cost per square foot and time on the market. They sound like real pros!  With so much data at their fingertips and experienced local resources, it’s no wonder our local statistics seem so impressive.  

8901 E. 29th went under contract last week

As you can see, there is already a lot of activity. In markets, such as ours, understanding current conditions will enhance your buying or selling experience.  With so much activity and so much demand, we invite and encourage you to reach out for up-to-date information.  Draw on our experience. We are happy to listen to your goals and work with you to develop a solid strategy and a path forward.  

Last but not least, this week we celebrate Mariel Ross and her clients on placing 8901 E 29th Avenue, under contract. Mariel always makes it look easy, and truth be told, she puts a lot of heart into each of her listings. Check out her most recent listing. Once again, congratulations Mariel; we’re all very proud of you!  

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