This Week in Central Park Real Estate 2.4.22
Hard to believe it’s February already. While the snow has been falling and reminding us we are smack dab in the middle of winter, school choice and summer camp registration are forcing us to plan ahead for the warmer months. Both of these topics have been discussed in our recent weekly updates, however, I feel it’s important to remind everyone that Round 1 of school choice is only open until 4:00pm on February 15th. If you’re like me, you have it on your to-do list but you get sidetracked by more urgent matters until February 15th at which point you panic. So, this is your friendly reminder to get those school tours scheduled, do your research and have your choice list ready (or submitted) before the deadline. For more info, review this post about the school choice process.
Same thing tends to happen with summer camp registration. We spend our days in survival mode, taking care of the most pressing things first, only to find that camps are full when we finally get around to registering our kids. At that point, good luck getting multiple kids into the same camp on the same week. My point is, don’t be like me most years; scrambling to find childcare for summer break. Use this helpful post about summer camp options and get those registrations dates on your calendar now (many are already open).
Onto real estate. Not much has changed this week in terms of demand outpacing supply. Hundreds, if not thousands, of buyers are still trying to find homes while inventory remains historically low. What stood out to me this week was the number of people asking about pending interest rate hikes. I anticipated buyers would be thinking about the impact higher interest rates would have on their buying power and monthly mortgage payments. What I wasn’t anticipating was having the same discussion with sellers. In multiple listing appointments, sellers brought up the concern that buyers may be motivated to buy ASAP (before interest rates go up) which made the sellers contemplate listing their homes sooner than initially planned. Most market experts have said they expect the housing market to remain strong this year, but I can’t disagree with these clients that listing a home before rates increase could be a move that would benefit buyers and sellers alike. The National Association of Realtors posted this article Rising Rates May Spark Buying Spree.
Before jumping into the resale activity this week, here is a quick reminder that there are a few new construction homes/home sites available now. New build homes can be a great way to find your next home before you’ve listed your current home. We’ll help you time the sale of your home to hopefully avoid a double move. Remember, having a broker help you with a new build doesn’t cost you anything (builder pays the broker), nor does it impact the price of the home. Here are the current options in the North End:
Thrive Panacea – large single-family home
KB Starlight – large single-family ranch home
Wonderland Elizabeth – single-family home
Brookfield Villas – large paired homes
Finally, onto the resale market.
New Listings
11 new listings hit the market this week. As we often see, there is a mix of detached single-family homes, paired homes and townhomes both north and south of I-70. What’s unique this week is how many of these new listings have primary bedrooms on the main level. 5054 Trenton, 5842 Alton, 3269 Spruce and 9813 E 26th Ave will appeal to buyers looking for (or needing) a main level primary bedroom. The following listings caught my eye this week:
5990 Galena Court
This gorgeous Infinity Alto in the North End neighborhood features almost 4,000 square feet, a gourmet kitchen with upgraded stainless steel appliances, primary suite with deep soaker tub and private deck, a finished basement and a 3rd floor penthouse with wet bar and west-facing rooftop terrace complete with mountain and city skyline views. Listed by Lori Abbey and Noah Schneider with Compass-Denver for $999,000. Open house Sat. 2/5 from 11:00am-2:00pm.
Want a brand new, never been lived in home without the wait? This KB Paired in the North End is ready for move in. 9’ ceilings and large windows make this home bright and airy. The main level offers a private office, lovely white kitchen with stacked cabinets and gorgeous quartz countertops, living room fireplace and a dining area with slider to the yard for easy grilling. Upstairs you’ll find 3 bedrooms including the primary suite, 2 full bathrooms, a loft and the laundry room. The finished basement has a spacious rec room, a 4th bedroom and full bath. Listed for $745,000 by Ashley Faller with Focus Real Estate. Open house Sat. 2/5/22 from 1:00pm-3:00pm.
Under Contract Homes
4 properties went under contract this week. The median number of days on market was 5, and the average number of days on market was 4.
Sold Homes
5 home sales closed this week. The median close-to-list percentage was 100% and the average close-to-list percentage was 101.25%. Considering 3 of the 5 were price-controlled income qualified homes, it’s safe to say homes are still selling over list if priced well.
All Active Homes
There are currently only 14 active listings. There’s a mix of condos, townhomes, paired homes and detached single-family homes north and south of I-70. This gem is also back on the market this week:
11571 E 26th Ave
Unfortunate change in buyer circumstances has put this beauty back on the market with a great inspection already complete. The home is located in Bluff Lake and features a main level office, 2-car attached garage, 3 beds + loft upstairs and additional square footage in the unfinished basement. A spectacular deck and turf lawn allow for year-round outdoor enjoyment. Listed for $685,000 by Mariel Ross with Focus Real Estate.
If there’s a property you’d like to see, or if you’d like a free valuation of your property, send me an email at kailee@focus-realtors.com or call/text me at 720-633-6282. That’s all for this week. Have a great weekend.
**Focus is a full-service brokerage that sells homes for a 2.0 % listing fee. Neighborhood experts, flexible commissions**
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!
