Time for our weekly update on the Central Park real estate market! Writing it weekly helps us keep a real close eye on the neighborhood real estate, and hopefully you enjoy checking out the new listings, under contract homes and sold deals.
In addition to covering for sale housing, we’ve also been continuing to build our property management business focused on the area, so you’ll start to see a more robust rental section of our weekly real estate updates! This week we have 3 new rentals in and around the neighborhood to tell you about, 2 of which are furnished and one of which will entertain leases as short as 30 days!
Before we jump into the real estate, below are just a few of our latest summer-related blog posts written by our team we thought you may find valuable. (Since summer just officially started this week…and we have sunshine forecast for the next 4 days!) As always, if you want these types of posts even quicker be sure to follow the Scoop on the channel of your preference, including Facebook, IG and YT!
The Perfect Summer Day in Frisco – This post, written by our mountain Realtor partner Emily Lawless, will provide you with the easy button plan to have an awesome day in the mountains. (Sometimes the plan is the hardest part!). Shout out here to Emily, we just referred a client to her for a mountain home purchase. They found the perfect home and gave Emily a 5 star review! Keep her in mind if you’re thinking about a mountain property. (Her contact info is at the end of her blog posts.)
Colorado Hiking: Apex Park – Maybe you don’t have time to go all the way to Frisco, but you still want a little slice of nature? This post, written by our hiking enthusiast teammate Kailee Ackerman, will give you all the details you need for a hike in Apex Park. It’s a beautiful hike and you can get to the trailhead in 40 minutes from Central Park.
Summer Market-Inspired Fresh Flavors – How about skipping the mountains altogether and just enjoying some new summer-themed flavors at some of our local area restaurants? Ashley Faller from our team has you covered in this post!
Ok, let’s get into the real estate for the week…
New Central Park Listings
This week there are just 4 new listings on the market in Central Park. That’s not a lot to choose from for buyers that are eagerly awaiting some new options. Typically, the volume of new listings starts to slow down in July and August, but it feels like that slowdown in new inventory may be coming a little earlier this year.
One thing we’re hearing from potential sellers is they’d like to make a move but they’re having a hard time selling a home where they have a 3% interest rate to go purchase a new house with at 6.75% interest rate. This is understandably keeping many potential sellers in their homes, resulting in less inventory coming on the market. The people we see selling are ones that have a real strong motivating factor to do so (moving out of state, new child/need more space, divorce, etc). The discretionary seller that kind of wants to move but doesn’t really have to seems to be mostly staying put for now.
This low volume of new inventory is keeping the market pretty balanced between buyer and seller, resulting in pretty steady home pricing lately.
Of the new listings this week, this new Willow Park East “Parkwood” home is a fun one!
8990 E 52nd Place: $1,550,000
This Parkwood “Asheville” is listed by Kristen Mancherian with Compass – Denver. The Asheville has always been my favorite plan because it combines the timeless Parkwood style with the openness of more modern floorplans. This home features 6 bedrooms, 5 baths and nearly 5,000 finished square feet of finished space! So, what’s unique about this home? I think buyers are going to love the gorgeous white kitchen, the 4 bedrooms upstairs layout, the large backyard, the owned solar and the stylish finishes throughout! Take a stroll through the pics and check out all the cool wallpaper accents the owner did in various rooms. Want more info? We’re around all weekend and always happy to help if you want to see a home. Or you can pop by Kristen’s open house this Saturday June 24th from 11:00 – 3:00.
Not finding what you want in the available resale options? How about a builder spec home? (“Spec” homes are homes that are under construction or already completed but not yet sold.) There are still handful of builder homes available in the neighborhood, especially in the $600k’s – $800k’s price range. You can see those here. Many are complete or nearing completion and they often come with interest rate incentives and a home warranty. We’re happy to talk you through all your options if you’d like the help of a buyer’s agent. (You pay the same price whether you have an agent or not.)
Still not finding what you want, even with the new builds within the neighborhood? Our team has a ton of new build experience and we’re helping clients in other areas. Check out Painted Prairie Living and the South Denver Scoop! Please reach out if you need help with your search and we’ll help you zone in on some good alternatives outside of Central Park.
Under Contract Central Park Homes
This week 11 homes went under contract in Central Park. Of the 11, 7 went under contract in the first week! So even though increased interest rates have slowed the number of transactions in the market, inventory is still low and well-priced homes that show well are still moving quickly in many cases. It’s really important that as a seller you price the home appropriately and take the agent’s advice to get the home looking great.
Sold Central Park Homes
There were 12 homes that sold and closed in the neighborhood this week and you can see those in the link above. In general, looking at sold homes is not as exciting as it was in the white-hot appreciation years of 2020 – mid 2022, when you could see a home easily closing for $100k + over asking price. Typically, the sales prices are now closer to the asking price, with the rare bidding war still happening on special homes.
All Central Park Active Homes
There are now 44 total active resale listings on the market in Central Park at the moment. That is still a low inventory level, which helps keep the market pretty balanced between buyer and seller.
Of these active listings, be sure you don’t miss this listing below from our teammate Rebecca Fawcett if you’re in the market for the rare Central Park single famly home in the low $600k’s.
9319 E. 57th Place: $615,000
This stunning Wee Cottage home built by Boulder Creek Builders is in an absolutely fantastic spot in Beeler Park! If you have never been in a Wee Cottage, definitely check this one out. This single-family home offers 3 large bedrooms, three bathrooms, upgrades everywhere, and a fabulous backyard. That’s really hard to find in this price range.
For Rent Central Park Homes
As I mentioned in the introduction, we also do property management in the neighborhood and areas within a 10 minute drive of here. You can learn more about what’s included in our services as well as our pricing on this page on our property management site. We help busy people make smart housing decisions in Central Park, whether they want to buy, sell, rent or need help managing a property. So keep us in mind for all your real estate needs in the neighborhood.
This week, we have 3 exciting new rental listings to tell you about. If any of these interest you feel free to call or text me at (720) 299-1730 and I can set you up with a showing or application.
2761 Willow St: $5,250/mth (furnished and includes all utilities!)
Located in the heart of Central Park, this 4 bedroom home is fully furnished and all utilities are included (water, gas/electric, trash/recycle, cable and WiFi!). This is truly an easy button option for someone wanting to rent a home for a year that’s fully ready to go. The main level is open and has access to two separate private outdoor spaces. Upstairs you’ll find 3 bedrooms, including the spacious primary bedroom which is nicely separated from the secondary bedrooms. The basement is finished and offers an open family room, 4th bedroom, full bathroom and a wet bar with mini fridge, freezer and microwave! Available for move in 8/2. Looking for a 12 month lease. Not open to short term leases. Dogs welcome. (No cats due to owner allergies). Interested? We have an open house Saturday June 24th from 2-4pm so you can come see the home!
8156 E 33rd Ave: $2,850/mth (furnished, includes all utilities & flexible lease terms!)
Looking for a 1 bedroom furnished, utilities-included option with flexible lease terms? This recently completely remodeled carriage house could be the one for you! Open to flexible lease terms with a minimum stay of 30 days. This carriage home, located in Central Park West, is walkable to the light rail stop, Sprouts, Natural Grocers, FlyteCo Brewing and more. It features over 700 sf of space, 1 bedroom, 1 bath, in unit laundry and a spacious fully loaded kitchen. Everything you need is in place, from towels all the way down to your coffee! We’ve set this one up to be very flexible and give tenants all they need to stay for a few months without any hassles of getting set up. All utilities are included, including WiFi. This property also comes with a bonus! While you’re renting the home you have a free membership to Progress Coworking, our local coworking space with over 6k sf of space available for your use 24/7! Interested? We have an open house Thursday 6/29 from 6-8pm. Or you can call or text me at (720) 299-1730 for more information, a private tour or an application link.
1285 Willow St: $3,300/mth
Just South of Central Park near Lowry, this 4 bedroom home features huge front and back yards, an amazing new white kitchen with a massive island, a finished basement, new flooring and some amazing custom touches throughout! (Check out that cool wallpaper by the kitchen!) It’s not your average rental, it’s clearly a home that the owners put a lot of love and care into. Looking for tenants who will love it the same! Available for move in 8/1. Pets welcome. Want a tour? We’re hosting an open house this Saturday June 24th from 11-1. Pop by, check it out and say hello.
If you’re a landlord with a rental in or around Central Park we’d love to be your property manager and feature your listing in our weekly real estate update! Here is our property management website and our Services and Pricing page.
Before we leave this property management topic, we wanted to pass along a resource for the landlords out there. We recently wrote a post titled 3 Steps to Navigate Denver’s Residential Rental Licensing Program. If you need to get your Denver rental property license before the 1/1/24 deadline this is the blog post for you! We’ve gotten our personal Denver rental property licensed and we’ve been helping all our property management clients through the process as well. This blog post shares what we learned and will save you time, money and headaches! (Bonus: for all new property management clients, we’ll handle this licensing process for them at no extra cost!)
That’s it for this week’s update. We’ll be hosting open houses throughout the weekend around the neighborhood so reach out if you need anything. We help busy people make smart housing decisions in and around Central Park and we’d love to help you whether you want to buy, sell, rent a home or lease a home out in the area.
Have a great summer weekend!
**Focus sells homes for a 2.5% listing agent 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!
