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March 17, 2023
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This Week in Central Park Real Estate 3.17.23

How did we already get to the middle of March? It’s that great time of the year when I find myself saying “I’m over the snow.” Spring. However, one thing that is staying consistent is the spring real estate market in Central Park. 

If you were in the market last year at this time, I’m sure you still have fond memories. If you were a seller, your home was guaranteed to do well with historically low interest rates, masses of buyers, and likely the best terms ever. If you were a buyer, you likely remember how much purchasing power you had, mainly due to those awesome interest rates. 

Rates this week fluctuated slightly but are overall hovering around the high 6% for a 30-year conventional loan. Last year at this time rates were around the mid 3s. What a difference a year makes, huh!? 

So the obvious questions now become: are we still seeing multiple offer situations with strong terms? Yes, we are.  Are there still more buyers out there than houses to sell? Yes. Is now a good time to buy a home? Yes!! (Every situation is different, and we would love to sit down and chat with you about your real estate goals :]). 

New Listings

This week we saw 11 new listings in Central Park with the majority south of I-70. One of my favorites is 11245 E. 25th Avenue. This darling Thrive row home has 3 bedrooms, 2.5 bathrooms, attached 2-car garage and is close to the Stanley Marketplace, Eastbridge Town Center and Anschutz Medical Campus.  Listed by Melody Switzer with Colorado Home Realty for $510,000.

Under Contract Homes

Nine homes went under contract this week.  Of those 9, 7 went under contract within one week of listing. Definitely a sign we’re in the spring market.

Sold Homes

And we saw 3 homes close in Central Park. All three of these homes closed either at or just above asking price and the average days on market before going under contract was 3!

All Active Homes

Currently there are 33 resale homes available in all of Central Park. I’m liking the wide variety of homes on the market this week in our neighborhood.

Outside of Central Park

Sterling Ranch 

South of Central Park in the Sterling Ranch neighborhood, you will find this stunning Parkwood home.  If you’ve been looking for a larger home with a stunning low-maintenance yard, this is the home. This floorplan (the Chesapeake) has been a favorite in Central Park and certainly is in Sterling Ranch.  Complete with four bedrooms, four bathrooms, a three-car attached garage, 10’ ceilings, oak flooring and so much more. Listed by Mariel Ross & Rebecca Fawcett with Focus Real Estate for $1,150,000.  Come see the home for yourself at the open house Saturday from 11 AM – 2 PM

8266 Superior Circle, Littleton, CO 80125

Painted Prairie

East of Central Park you will find the new community of Painted Prairie.  There are so many wonderful things about this community such as the parks, the events, the proximity to DIA, Anschutz, Buckley Air Force base and so many other large employers in the area, and of course the builders you will find in the neighborhood. Many are familiar to Central Park such as KB, David Weekley, and Parkwood Homes.  Currently, there are a few new Parkwood beauties available in Painted Prairie that will be finished anywhere between May and August. The two floor plans are the Chelsea and the Lexington.  Check out THIS blog post for more information on these homes. These are both large homes over 2400 square feet with upgrades throughout. If you’ve had your eye on a Parkwood for a while, this is a fantastic opportunity to call one home!  To see more about the neighborhood, be sure to check out Painted Prairie Living for all the latest development news!  

Parkwood in Painted Prairie Listings

If you have been considering buying or selling or building your new home, be sure to check out our YouTube page to help get you started answering some likely questions.

Have a great weekend, Central Park!

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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