This Week in Central Park Real Estate 3.4.22
The Central Park real estate market is as hot as we’ve ever seen it. Most homes are selling in the first weekend on the market and bidding wars are definitely the norm.
In this weekly update on the Central Park market this week we’ll show you all the latest listings, under contract and sold homes from around the neighborhood. We’ll also show you our 2 newest “coming soon” listings at Focus Real Estate!
Before we jump in, we wanted to provide a couple of our most recent blog posts related to neighborhood real estate that you may find useful.
First, we wanted to share a blog post about financing that could help buyers that are feeling stuck or frustrated from losing out in bidding wars. How can you make your financing look stronger than the other buyers you’re competing with? How can you tap into the equity in your current home to help you buy the new home before you sell your current one? This blog post, titled “3 Financing Tips to Help you Win a Bidding War”, can help answer those questions!
The second blog post I wanted to share was written by our teammate Lisa Palladino. It’s a post about the A Line Townnhomes, which are the townhomes being built right in front of the Sprouts by the light rail station. It’s exciting to see that whole transit oriented development start to build out. We’ve received quite a few inquiries about these town homes so Lisa put together a post to provide the latest update.
Now let’s jump into the latest listings!
Coming Soon Listings
There are 4 coming soon listings in Central Park at the moment. (That just means they will be live and available for showings within the week).
Of the four, here are two that Focus Real Estate is listing this week that we’re excited to tell you about.
5895 Beeler St: $925,000
Welcome home to this beautiful Parkwood Belmont complete with 5 bedrooms, 4 baths, a custom finished basement and 3rd floor rooftop deck with breathtaking mountain and city views! Features we think buyers are going to love include an open main floorplan, 10’ ceilings, molding and designer lighting fixtures, a double-sided gas fireplace and a chef’s kitchen! The kitchen is a dream with a large granite island, beveled edge subway tile backsplash, 5-burner gas cooktop, double ovens and built in microwave. The top floor is a true oasis that starts with a spectacular rooftop deck featuring panoramic views of the Front Range and Downtown Denver! Plus you don’t want to miss the finished basement. You’ll find ALL the things in this upgraded basement including plenty of space for entertainment, a stunning wet bar with marble and brass backsplash, built-in beverage fridge, and a stone fireplace with handmade natural wood mantle. The basement also features a bedroom (currently set up perfectly as a home gym) and bath with glass-enclosed shower and quartz topped vanity.
This home will be listed by Mariel Ross with Focus Real Estate. For more information you can reach her at mariel@focus-realtors.com or (720) 320-3536. More pictures, Matterport 360 tour, Facebook Live tour and more coming soon so keep an eye on this one!
8787 E 35th Ave: $1,060,000
So we showed you beautiful Parkwood town home, but how about a single family Parkwood on the South side? Here is one you’re not going to want to miss!
Located in the coveted Central Park North neighborhood, this stunning Parkwood home sits on a greenway two blocks from Central Park and only four blocks from Jet Stream Pool. Plus it’s an easy bike ride or walk to the light rail station and Sprouts! The home features 4 bedrooms, nearly 3,000 sf above grade, the home office you need, an awesome flexible 3rd floor flex space, a large backyard with a massive deck and a 27 ft balcony off the primary bedroom facing South on to a pocket park! (See the featured image at the top of the blog post for the view from the balcony) Check out our initial exterior and drone shots in the link above and watch for our Matterport 360 tour, Facebook Live tour on Central Park Scoop and full interior shots to come over the next week.
This home is listed by Joe Phillips with Focus Real Estate. For more information you can contact me at joe@focus-realtors.com or (720) 299-1730.
New Listings
This week there are 11 new total listings on the market in Central Park. That’s nice to see but the market needs more than that to keep up with demand. (There are only 16 total active listings in Central Park and 19 went under contract last week alone!). Same old story, not enough listings to meet the buyer demand.
Here is one of our favorites:
5997 Geneva St: $795,000
This sleek & modern Wonderland single family home, listed by Julie Winger with Kentwood Real Estate Cherry Creek, is going to work well for a lot of buyers. It features 4 bedrooms, a finished basement and beautiful finishes throughout. Plus it’s just a short bike ride to the F54 pool and the park surrounding it. I always loved the balcony of the primary bedroom on the upper level of this floor plan. Here is a link to more photos.
Under Contract Homes
This week 19 homes went under contract in Central Park. If you’re considering buying I’m sure you’ve seen how fast things are moving. Almost all well priced homes are selling after one week on the market and more often than not they are selling over asking price. (Not always…some sellers have pushed their initial price too high and it results in less buyer competition and a below asking price end result.) We have been seeing plenty of sales though that are ending up 5 -10% over the asking price. (We’ve even seen as high as 25% over asking!) So for sellers, we’d say start reasonable on your price and if the market wants to push it up to a higher level it will. For buyers, you may want to look at homes a bit below your desired end price range. If you are trying to compete on homes that are priced at your max budget you’re very likely to be spinning your wheels in the current market. If you’d like assistance from a team of buyer’s agents that focuses on Central Park my contact info is at the bottom of the blog post. We’re listing a lot of homes in the neighborhood, which allows us to understand what types of offers are winning.
Not loving the resale marketing bidding wars? We get it! There are still some new build homes left. Remaining builders include Infinity, Parkwood, David Weekley, Wonderland and Brookfield Residential. Interested? Grab our North End Builder Cheat Sheet to zone in on which builders could be the best fit for you based on price, size, and more. Or contact us and let us know what you’re looking for. We talk with the builders often and can help you keep an eye out on one that will fit your needs.
Sold Homes
There were 12 homes that sold and closed in the neighborhood this week. You can check those out in the link above. You’ll probably find the prices interesting because they’ve gone up quite a bit since the end of 2021. (Even though it’s only early March.)
All Active Homes
There are just 16 total active listings on the market in Central Park at the moment. Like we mentioned above, inventory is still way too low in terms of keeping up with buyer demand.
For Rent Homes
Not ready to buy a home yet and looking for a rental? There are just 2 actively listed MLS rentals in Central Park right now which is more than usual. Check those out in the link above. Zillow is also another good source if you’re looking for a rental.
Not making a move at the moment but instead thinking about remodeling? You may like the blog post Stacy Grissom from our team wrote this week titled “Does Your Kitchen Need a Tune Up?”.
That’s it for this week’s update. Hopefully these weekly market updates are valuable. We know we enjoy putting them together and it helps us keep our finger on the pulse of the market for our clients. If you know someone making a move soon please forward it their way! And if we can be of service please feel free to reach out, my contact info is below the post.
**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!
