Good news… mortgage interest rates went down significantly yesterday! That plus builders are motivated to sell some of their nearly complete homes before year end could equal a smart time to buy. (Sorry…”It’s a good time to buy” is a real estate broker cliché I try not to say too often but sometimes it slips out…). Get the details on rates, new builds in the neighborhood and see all the new listings in this week’s update on the Central Park real estate market.
Let’s cover the interest rate drop right off the bat because that’s a hot topic for buyers looking to take advantage of the less competitive real estate market. (And for sellers looking to make their homes affordable to buyers!) Yesterday, when the inflation numbers came out the interest rates dropped from the 7%’s to the 6%’s, which has a huge impact on the monthly costs of home ownership. Here’s an interest rate article that provides more details.
Ok, let’s jump into the real estate for the week…
New Listings
This week there are 7 new listings on the market in Central Park. Of the 7, here are a few we wanted to highlight:
9141 E 33rd Ave – $1,549,000
Listed by Shaye Patterson with Porchlight Real Estate Group, this 5 bedroom home with a finished basement is a special one for several reasons! First of all, it has a very rare location directly facing 80-acre Central Park. Second, it’s not a common floor plan so it’s unlike most of the homes you’ve likely toured in Central Park. Third, it has a huge backyard! And fourth, it has amazing city, park and mountain views. Ok, I’m going to stop listing reasons why this home is amazing because we’ll be here all day. Want more info? Check out this awesome drone video (Props on the pro marketing Shaye, well done!) they did highlighting the amazing location. Like what you see? We’d love to show it to you if you are in need of a local neighborhood real estate broker. My contact info is at the bottom of the post. (note: the featured image for this blog post is the exterior of this listing!)
6338 Dayton Ct – $596,003
This “Cadence” new build townhome, build by Brookfield Residential, is nearly complete! No need to wait through the whole construction process, just jump in now and be closed within a few months. This home features 4 bedrooms, 4 bathrooms and it’s just around the corner from an awesome pocket park! This one could also make an interesting low maintenance rental property. Happy to review figures with you and discuss it if you’re interested in an investment. Again, my contact info is at the bottom. (I bet we could even get them to drop that last $3 off the price!)
Not interested in this new build but like the idea of new build homes in general, keep reading! We have a link below to 22 active new build listings in the neighborhood.
Under Contract Homes
This week 9 homes went under contract in Central Park. Of the nine homes, five sold in the first week on the market! As we’re stressing to our seller clients, you want to be the best value in your price segment so your home will get attention and be one of the ones that moves quickly, which typically results in getting the best price.
Not finding what you want in the resale real estate market? Reminder that there are some motivated new build homes available too! We’re seeing some motivated builders that are willing to negotiate on their homes that are coming to a finish and could close soon. Infinity, David Weekley Homes, KB Home, Boulder Creek Builders and Brookfield Residential all have homes available in Central Park! Here is a link to some of those active new build listings and here is a post Ashley Faller from our team just did specifically on 3 KB Starlight spec homes that are available. If you want more info or assistance from a buyer’s agent experienced in new builds we’d love to help. (What types of incentives are we seeing from builders? Some have special low interest rates, others are open to price reductions and some may include a few appliances they normally wouldn’t. It really varies by builder and by home.)
Sold Homes
There were 10 homes that sold and closed in the neighborhood this week.
All Active Homes
There are 75 total active listings on the market in Central Park at the moment. This includes the new build options that are listed in the MLS, which is about 22 of them. So in terms of resale we have around 53 homes on the market.
For Rent Homes
Not ready to buy a home yet and looking for a rental? There are 8 actively listed MLS rentals in Central Park right now. They range from townhomes up to a stunning corner lot Infinity home in the quiet Central Park North. You can check those out in the link above. Zillow is also another good source if you’re looking for a rental home.
Before we wrap up, I want to make sure we mention this new guide we just created specifically to help anyone moving here to work at Anschutz Medical Campus solve their biggest 5 problems! (Finding a neighborhood, selecting a lender, short term housing, schools & moving resources!) Please share this with any medical professionals you know that may find it handy. “Living Near Anschutz” Guide.
That’s it for this week’s update. Have a wonderful weekend.
**Focus sells homes for a 2.0 % listing commission. Neighborhood experts, flexible commissions to fit the situation.**
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!
