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October 9, 2020
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This Week in Central Park Real Estate 10.9.20

The Denver housing market has been hot for quite a while now and it looks as though that will continue. Record low inventory is pushing housing prices higher and buyers are finding themselves in bidding wars. Find out more in this BusinessDen.com article by Lily O’Neill and this CNBC article by Diana Olick.

Here in Central Park we’re seeing the same trends. Whether you’ve just started looking at homes or you’re one of the many buyers who has lost out to other offers in a bidding war, having the inside track on homes can be invaluable. Real Estate Brokers have access to “Coming Soon” listings in the MLS up to a week before a listing hits the market. Here is a list of the current “Coming Soon” inventory. Let us know if you’d like us to help you with your home search. We’re happy to set up a custom home search for you that will notify you whenever a new listing pops up that meets your requirements, and we’ll schedule a showing as soon as the listing becomes active.

Some buyers have given up on the resale market and have turned their sights to new builds. If you’re thinking about building a new home, sign up at HomesInNorthEnd.com to receive emails with updates related to new build options in North End (the twelfth and final neighborhood in Central Park). Parkwood already has reservations on most of their single-family home lots so, if you have your heart is set on building a Parkwood, reach out now! Thrive is also down to their final lots so don’t wait if you’ve been eyeing up their new Vitality series. Ashley Faller recently posted about the return of KB Home’s Starlight Collection (large ranch style homes) while Joe Phillips discussed the VIVE and ALTO series from Infinity Homes in this recent article. Infinity is expected to release some of these lots in the next couple of weeks. Lennar’s NextGen homes will be back in the final phase, but lots won’t release until early 2021. Our team will continue to bring you updates on these builders as well as Boulder Creek, David Weekley, Wonderland and the much-anticipated debut of the Brookfield homes. Remember, if we get to be your agent on a new build (which doesn’t change the purchase price), we’ll gladly list your home for a reduced fee; sometimes for free. Email me at kailee@focus-realtors.com to find out more.

Are you looking to take advantage of this seller’s market? Maybe you want to be closer to family, maybe you’re dreaming of a move to the mountains, or perhaps you need to relocate for a job. Now might be a great time to capitalize on your home investment. With record low inventory, we’re seeing resale homes go under contract quickly; and often over the asking price. If you’re ready to sell, I’ll gladly provide you with a free home value analysis. If you decide to move forward, I’ll help get your home show ready and list it for 1.5%. Check out our home selling videos or request a free copy of our “9 Steps to Selling A Home” guide, then reach out with any questions you have.

Maybe the current home prices, low inventory, and competitive market have you brainstorming how to make your current home better suited to your needs so you can stay put. There are plenty of ways to improve your home’s function and appeal. Spruce up your outdoor space with some of these suggestions from Mariel Ross. Change up the layout of your kitchen like Amy Atkinson did here or pull the trigger on a long-awaited basement finish like Joe Phillips (check out the accent wall he and Mandi created!). At my house, we’re adding a window in our master bathroom (for more light and mountain views), and we’re sprucing up our garage with built-in storage cabinets and an epoxied floor (photos and contractor info coming soon). We’d love to hear your home improvement ideas and see photos in the comments.

Now onto this week’s Real Estate Update

New Listings

This week 11 new listings hit the market in Central Park. Here are a few of my favorites:

The Massive Mid-Century Modern House – 9372 E 59th South Drive

Located in Beeler Park, across from a great pocket park, this home has over 5,400 total sq ft and boasts beautiful, high-end finishes throughout. The open floor plan, vaulted ceilings and multiple outdoor gathering spaces make this home an entertainer’s dream. Listed by the Escobar Group of Keller Williams Realty Downtown.

The Perfect Parkwood – 5480 Xanthia St

Modern conveniences and top-of-the-line appliances pair seamlessly with the classic charm of hardwood floors, stately built-ins and 3-piece crown molding in this gorgeous Willow Park East home. Entertain in the spacious backyard or relax and watch you favorite movies in the fantastic theater room. Located across the street from a great park; close to trails, open space, shops, restaurants and neighborhood pools. Listed by Heather Barben with Porchlight Real Estate Group.

The Move-In Ready Home – 10943 E 28th Place

Located between the Eastbridge Town Center, Bluff Lake Nature Center and Anschutz Medical Campus, this KB Paired home is conveniently close to everything. Enjoy the natural light provided by southern exposure and hang with great neighbors in the sprawling courtyard where it’s easy to maintain social distance. With 4 beds, 3.5 baths, a finished basement and an attached 2-car garage, this home has everything you need. Listed by Mariel Ross with Focus Real Estate.

Under Contract

25 homes went under contract this week. Roughly half are north of I-70 and half are south. Prices range from an income qualified home at $203,425 to a single-family home at $1,060,000.

Sold

11 properties closed this week. 8 of the 11 homes sold for more than the original list price and closed in 30-40 days.

All Active Listings

There are currently 29 properties for sale in Central Park. The listings range in price from an income restricted property at $275,000 to a single-family home listed for $1,150,000. There are 8 homes north of I-70 and 21 properties south of I-70.

Rentals

If you’re not quite ready to buy, or you’ve already taken advantage of the Seller’s market and need interim housing until you find your next home or your new build home is complete, these 7 rental homes in the neighborhood might be a great fit.

That’s it for this week. If I can be of service, as a Central Park based real estate broker, please let me know.  I’d love to help. Have a great weekend!

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!

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