What are you looking for?
April 5, 2024
1576 Views

This Week in Central Park Denver Real Estate 4.5.24

Central Park real estate is in demand, ever-changing, and we love it! Before we dive too deep into this week’s information, we want to take a moment to congratulate and celebrate the Central Park real estate buyers and sellers, who closed transactions in March… talk about March Madness!!!

44 Central Park real estate transactions closed in March and here is the madness part; of the 44 transactions that closed, 28 of those listings went under contract in less than a week on the market. Would you like some more March Madness??  Ok…  27 of the transactions that closed in March, closed at or above the list price.

These stats are impressive, to say the least!  It took an average of 15 days on the market to go under contract and the median days on the market for Central Park listings were 5!  

A special note to buyers and sellers who are currently in the market; good for you!  The stats we just shared are less typical, and fun to share, but the reality is that the right house and the right buyer need to be in the market at the same time to make this happen. Typically, that takes longer than a week for this to occur. Stay focused and remember each showing is a new opportunity; make the most of it. 

For those who are considering getting into the market, we want to share a couple of thoughts and recommendations.  You probably have heard many of these thoughts and ideas before, and we want to remind you of them again because to us, they are important:

  • For buyers: 
    • Step one, work closely with a reputable lender. Take time to learn about the varieties of mortgage products available to you, given your specific financial position.
    • What are the short-term and long-term steps you can take to put you in the best position to purchase a home? You may be surprised how easy it is to improve your position.
    • Many lenders will recommend delaying large purchases or taking other actions that may impact your financial profile.  Discuss this subject with your lender for more specific information.
    • Interview real estate agents. We can offer a few recommendations, scroll to the bottom of our welcome page to meet the team at FOCUS-BROKERS.COM  Find an agent with whom you connect and feel you can trust.  
    • Define your “must-haves” in a home. As you learn more about the homes in the areas you’re looking, that match your criteria, along with what homes are available in your budget, etc. your “must-have” list and criteria may change and evolve. Changes may occur throughout your home search. 
    • Learn about the homes that have recently sold in the neighborhood. When financing your purchase, you will want to keep in mind that the home will need to appraise. If your offer is higher than the home is appraised for, it can put your purchase in jeopardy.  Consult with your lender and your agent on this topic and the potential options that may resolve the situation.
    • This list is not all-inclusive; however, we hope it inspires some thought.  Please let us know if you have any questions.  
  • For Sellers:
    • Just as we mentioned to buyers, interview real estate agents. 
    • Find an agent with whom you connect and feel you can trust. Another shameless plug for our team: FOCUS-BROKERS.COM
    • More than likely, you’ve been decorating your home and creating the space for how you live; the way you like it. When preparing your home to list it for sale, transform your home into a product and set it up in a way that will offer broad base appeal and speak to a variety of home buyers.  Edit, neutralize and make it easy for buyers to see the benefits in your home. 
    • Evaluate other recently sold homes.  How long were they on the market?  How close to the list price did they sell? What was their condition and where were they located?  
    • Work closely with your agent to list your home in a manner that will help you achieve your goals, keeping in mind that many home buyers may be financing their purchase, so the home may need to appraise.
    • Again, as mentioned with the buyers, this list is not all-inclusive. We offer this information to you with the hope it sheds some light on the selling process. 

Enough of “March Madness”! Let’s move on to April! There are many fun facts and things to do and to celebrate in April. 

  • April 2nd was World Autism Awareness Day.  Autism Spectrum Disorder is highlighted to bring attention to, to learn about, and to make others aware of Autism. Learning may clear up misunderstandings and stereotypes related to Autism.  Learning may provide a path to better support individuals, families, and caregivers, whose lives are touched by Autism.  
  • April 6th & 7th Click the link for photos and information and more:  Open House at 9651 E 59th Dr. Denver, CO 80238 
  • April 11th, is National Pet Day!  We get to celebrate feathers, fur, scales (and in a few cases, Rocks)! Check out this blog post for some tips from our friends at Bonez 4 Budz at Stanley Marketplace for optimizing the well-being of your four-legged friend.
  • Earth Day is April 22nd which is awesome because Earth is a very special planet in my life.   

We wanted to bring 5277 Clinton Street to your attention.  Joe Phillips will be hosting an open house there on Saturday, from 11am – 1pm. The floor plan includes an office on the main level, three bedrooms up, with an additional bedroom and bath in the basement. It’s an “easy-to-live-in” type of space. The house offers a clean palate from which to create your new home! 

Active Listings

There are currently 50 active and coming soon listings in Central Park.

Here are a couple from our team here at Focus Real Estate:

9651 E.  59th Drive Denver, CO 80238

What a lovely listing, Mariel Ross! Victorian elegance, modern conveniences and a terrific location, come together in 9651 E. 59th Drive.  A quick jaunt to the pool is like the cherry on the top of the sundae! 4 beds 3.5 baths and countless ohhhs and ahhhs!

5277 Clinton Street Denver, CO 80238

The first words that come to mind when I think of Joe Phillips’ listing at 5277 Clinton Street, are crisp and neat, followed by a sigh of relief because this home is move-in ready!  4 bedrooms and 3.5 baths, an open living area, and a comfortable and functional basement will appeal to a variety of home buyers! This home is located in the Wicker Park neighborhood! 

New Listings

16  properties were listed in the neighborhood this week.

Check out 5750 Boston Street Denver, CO 80238

Kailee Ackerman of Madison & Company brought it this week, with the beautiful wee-Cottage in Beeler Park! This single-family home offers elegant and sophisticated finishes, and a great front porch to host friends and neighbors while taking in the view and enjoying an iced tea! Both bedrooms are located upstairs, leaving the first floor for comfortable living and a great place to entertain! Create your private oasis in the backyard, which has just the right amount of space to keep gardening fun! Thanks for sharing this beautiful home with us, Kailee! 

Under Contract Homes

5 homes went under contract this week.

Closed

10 homes closed this past week.

For Rent Homes 

Looking for a home to rent in Central Park?  The link above will take you to all the available for rent homes in Central Park. 

Did you know that Focus Real Estate helps people buy and sell homes, but we also manage homes in Central Park.  If you’re in the market to rent a home below is a quick overview of 3 beautiful properties we manage that are available now.  If you like any of these feel free to text/call my teammate Joe Phillips to set up a showing!

10238 E 57th Ave – KB courtyard home with 4 bedrooms, a loft and amazing finishes throughout!  $3,595/mth.  Available for immediate move in. 

5060 Yosemite Ct – Stunning 4 bedroom David Weekley “Salida” floor plan across from Maverick Pool!  Amazing location with parks in front of and behind the home!  $3,850/mth.  Available for immediate move in. 

6365 Elmira St – Brand new 3 bedroom David Weekley row home with stunning finishes and soaring ceilings.  $3,595/mth. Available for immediate move in. 

Curious how much your Central Park home would rent for?  Here is 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.

Want to learn more about our property management services?  You can set up a quick phone chat here

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. Focus and its agents make no representations, warranties, or guarantees as to the accuracy or completeness of any information in this post. Please confirm all information with your own advisors and do not rely on this post. Thanks for reading the Scoop!

Leave a Reply

Your email address will not be published. Required fields are marked *

*

team peyton
 
Progress Coworking
Micis advertiser spot_ 300 x 300 size
budgetblinds