Welcome to 2022 Central Park friends! As we close out last year and turn the page to a new, fresh start in 2022 (wow, it feels weird just typing 2022!), here at the Scoop and Focus Real Estate we like to pause and reflect on the prior year and then fill up our gas tanks, so to speak, with excitement and energy with the goal of having a great new year.
So first, I want to pause on 2021. Let’s take a quick look back at what our team – always with the help of you, our clients, and Central Park and the other neighborhoods we serve – were able to accomplish:
- Our team of local writers produced 200+ articles and videos on the Scoop and our other sites.
- We were happy to feature 100+ local businesses on the Scoop and our other sites – all at no charge. We never charge advertising or marketing fees here at the Scoop!
- We added 3 new team members, Rebecca Fawcett, Kathy Kesteloot, and Stephanie Airman. We now have 8 real estate brokers and 4 staff members. Things have certainly changed from a few years ago when it was just Joe and me driving around the neighborhood!
- Knowing times would get tough when COVID-19 reared its head, we reduced our commission from 2.8% in 2020. We now charge a 1.5% commission if you sell your home and buy your next home with Focus. If you only sell, our commission is a low 2%. The idea was to help the community by providing the same exceptional service at a more affordable price. In 2021 our clients saved well north of $500,000 (*commission rebates, discounts, and savings are calculated based on our prior 2.8% commission).
- We’re proud that 2 of our brokers are trained on Denver’s complex affordable homes program as of the end of 2021. We believe everyone deserves to own a home in Denver!
- We closed deals in almost every Denver neighborhood in 2021 (well more than 10). Be sure to check out our other sites for other new home communities we specialize in: Painted Prairie in Aurora (paintedprairieliving.com), Sterling Ranch in Littleton (sterlingranchroundup.com), the Canyons in Castle Pines, (facebook.com/thecanyonsdispatch), Solstice in Littleton (facebook.com/solsticescoop), and various new home communities in Erie (www.erienewsandviews.com).
- We’ve been blessed to help hundreds of clients over time. We helped our clients sell, purchase, build, and contract for $130m+ of real estate in 2021, always with the health and safety of our community in mind. As part of that number, we were fortunate to successfully list and sell 96 homes (*Data from MLS & new home tax/brokerage records for closed/under contract in 2021).
Wow, that’s a lot! Also, be sure to check out this The Best of Central Park Scoop 2021. Melissa on our team did a great job going back through the 200+ articles and videos I mentioned above and flagged the very best so you don’t have to!
So let’s turn the page and focus a bit on 2022. We have big goals (as usual) here at the Scoop and Focus, but I’m guessing you care more about what we think might happen with Central Park real estate in the new year. Of course, this is a complicated question and hyperlocal – all the way down to your specific street, floorpan, etc. – but here are a few high levels I wanted to mention. Now of course we can’t predict the future, so these high levels are ultimately our guesses, based on the data we have and our deep experience around the Denver metro listing, selling, buying, and building homes.
Also, these high levels are in our 2022 Market Update. If you’d like to read more, just shoot any of our brokers a note and we’d be happy to share the entire report. But for now, here are 3 quick bulletpoints:
- Home inventory in Central Park and the Denver metro in general remains extremely low. We’ve been helping buyers and sellers in Central Park for 11+ years now and we’ve hit inventory levels I never thought I’d see. So in 2022 we see buyers in the resale home market still competing against other buyers, and offers will likely need to continue to be very competitive – both from a pricing, but also from a contract terms perspective. We believe we’ll likely see escalation clauses, limited inspection clauses, and perhaps even non-refundable earnest money clauses in many offers in Central Park.
- New build buyers will have to remain flexible and patient with construction timelines. Delays are possible if not likely to happen and builders aren’t always great at setting expectations on timelines. Also, timing can also be out of their control. For example, if permits are delayed there’s not much a builder can do. In 2022 we’ll be telling our clients who are building to be patient, remain flexible in your timing and expect delays. You’ll enjoy the process much more that way!
- Central Park is almost out of new build homes. After about 20 years of building homes in the neighborhood, the builders are finally running out of lots. We’d estimate there are about 250 lots left to be built out at this point. Remaining builders include Infinity Home Collection, Brookfield Residential, David Weekley Homes, and Boulder Creek Builders. Demand in 2022 for these final lots will likely be high. If you’d like to stay in the loop on new build updates in Central Park sign up at www.HomesInNorthEnd.com.
Onto the Central Park Real Estate Update!
There are currently 10 active resale listings in Central Park.
This week we saw 9 new listings in the neighborhood.
Right now there are 18 homes that are pending (meaning they are under contract, but have not yet closed).
And we also saw 5 homes close.
New Build Homes
Not seeing anything on the resale side that you’re interested in? There’s still time to build a new home in Central Park! To find out more information about what each builder has, check out this article, 50 New Build Homes Available in North End NOW! This post is about a month and half old, and while some of these homes are now under contract, the good news is many are still available.
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!