Happy Friday everyone! So let’s talk about real estate in Central Park.
Is it slowing down?
Yes it is. Is this scary? Perhaps to some but at Focus Real Estate we always try to focus on the positves of the market, review the numbers and always be truthtellers. The reality is while it seems slower to sellers, it is a good thing for buyers. Plus, seasonally real estate slows down in July and August. There are more homes on the market right now allowing buyers a chance to select a home that is right for them.
Yes, interest rates have gone up but we saw rates in the 5’s and 6’s in 2018 so this is not new. Plus, the reality is rates are likely not going to get “better”, at least not for next 12 months or so. Buyers still need to buy homes and our neighborhood is very desirble.
The buyers out home hunting right now are well qualified, serious buyers. While it takes a few extra weekends on market, if a seller prices their home for the current market conditions and not off the comps of February through May the home will still sell! The homes that closed last week still sold for an average of 104% to list price but days on market was up from about 4 days to 10 days. Plus, lenders are starting to contact us with new loan products to help buyers get into homes and our builder partners are starting to bring back incentives for buyers to contract on new build homes and to come see their inventory.
Feel free to reach out to me, Lisa Palladino at firstname.lastname@example.org, or anyone on our team for an updated home valuation and to discuss market conditions more in depth.
Central Park Real Estate This Weekend
Focus Real Estate has 3 amazing homes for buyers to consider. These homes are beautiful, move in ready and offer buyers a good deal getting into our neighborhood. Check them out below:
3097 Geneva Court – Listed by Lisa Palladino of Focus for $865,000. Live in the heart of it all with this gorgeous 3 bed / 2.5 bath Thrive home with a 2-car attached garage and an awesome backyard on a large corner lot! Just blocks away from the fabulous restaurants of Eastbridge Town Center, on the southside of I-70, this beautiful home features thoughtful millwork and hardwood floors throughout. Come into the entry hall to the dedicated office with glass french doors and a lovely surround of windows.
Head into the open main living area to where the kitchen, living and dining spaces flow seamlessly into one another. The home’s built in surround sound system will provide the soundtrack to your life while the stylish details makes for a lovely aesthetic. The kitchen is a harmony of form and function with white shaker cabinets, blue green subway backsplash, SS appliances, double wall ovens, gas cooktop and an 8′ island. The adjacent butler’s pantry provides for additional storage space and the built-in desk is perfect for researching your next recipe!
The dining area is pronounced by an Edison bulb chandelier and offers you a view of the home’s patio and backyard, which is the perfect place to soak in the Colorado sunshine! The home’s mudroom connects to both the attached garage and the main level laundry room with included Kenmore Elite washer and dryer. An off entryway powder room with a granite and white shaker vanity rounds out the main level. Head upstairs to find the primary suite retreat with an elegant tray ceiling and an ensuite 5 piece bath showcasing a soaking tub, framed glass enclosed shower and granite dual sink vanity with white shaker cabinetry. The bath leads way to the very spacious walk-in closet, complete with natural light.
The two large additional bedrooms are connected by a full bath with a tub shower and dual sink vanity. Need more room to grow? This home offers you to bring your vision to the massive unfinished basement. Only blocks to the F-15 pool and Bluff Lake, living in Eastbridge is the place to be.
6033 Alton Street – Listed by Ashley Faller of Focus for $895,000. This Wonderland built home is tucked away on a beautiful courtyard. The home boasts an open concept main floor including a chef’s kitchen with white shaker cabinets, quartz countertops, SS appliances. The main living area has a fireplace perfect for cold Colorado nights. You’ll love the main level office space and mudroom! Upstairs, is a large main retreat with vaulted ceilings.
Off the master bedroom is a stylish 5 piece bathroom which includes upgraded tile, euro-framed shower and a large soaking tub. Enjoy an upstairs laundry room. You will also find a secondary bathroom and two additional bedrooms. Host family movie nights or catch the big game in the large basement family room. Guests will appreciate a spacious bedroom and bathroom. The highlight of this home is the rare and LARGE private backyard. This home checks all the boxes!
8494 E 49th Drive – Listed by Kailee Ackerman of Focus for $875,000. Live in the heart of Central Park’s Conservatory Green neighborhood on a quiet courtyard corner lot! This spacious home has 4 bedrooms, 3.5 baths, over 3,200 sq ft and a spectacular backyard! The home showcases hardwood floors, 9’ ceilings and upgraded finishes throughout. A front porch greets you, and an entryway welcomes you inside where you’ll find a 1/2 bath and dedicated home office with French doors and closet.
The seamlessly open kitchen, living and dining spaces are sun-drenched from the wall of windows, and a cozy glass mosaic surround fireplace serves as a lovely focal point. The chef’s kitchen is a true delight with SS appliances including a double oven and 5-burner gas cooktop. White quartz counters atop white shaker soft-close cabinetry with built-in wine rack, glass display cabinets and contrasting center island are sure to make the kitchen your happy place. The dining area, accentuated by a chandelier and a trio of windows, brings elegance to dining with your loved ones. A flex space at the back of the home is perfect as a very large mudroom, second home office, kid play space, or a combination of them all.
Upstairs you’ll find a sunny primary suite with a WIC and 5-pc bath complete with soaking tub, dual sink quartz counter and a glass enclosed shower with rain shower head. Two add’l bedrooms, a full bath, and a laundry closet (included Whirlpool W/D), round out the upper level. Head down to the 1,100+ sq ft basement where a family room with quartz topped dry bar and reclaimed wood accent wall, sizable bedroom, full bath, and another large flex room, add tons of functional living space and amazing guest accommodations. Relax or entertain in the backyard where a built-in stone fire pit and matching curved bench seat call for s’more. A stone coated steel roof with transferable 35-yr warranty is the true icing on this cake!
Just blocks from Torchy’s Tacos, multiple neighborhood pools, and The Green where you can attend summer concerts. Welcome Home!
Plus check out Central Park Scoop on YouTube!!! – Our YouTube Channel was created to offer helpful real estate and informative videos on Central Park, Denver and Colorado living. This is a great resource for any friends or family considering Central Park or Denver in general – share away friends!
Now onto the weekly Real Estate numbers:
This week there were only 7 new resale homes on the market! Check them out and please let me know if you are interested in touring any of them, shoot me an email at email@example.com.
This week 10 homes went under contract/pending. They have been on the market an average of 20 days prior to going under contract.
This week 7 homes closed. The average days on market for these homes were 10 days. Welcome home to our new neighbors!
This week there are 61 active resale homes on the market in Central Park (as of 7/8/22). Of the 61 homes on market in our neighborhood, 7 of these homes are new build homes.
That’s it this week! If you want to talk Real Estate, the stock show or really anything you think should be on the scoop, let’s chat! Shoot me an email at firstname.lastname@example.org or feel free to call/text me at 303-564-3734.
**Focus sells homes for a 2.0 % listing commission. 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. Also, data posted in this blog post is accurate to our current knowledge, but please confirm all data with your real estate broker. Thanks for reading the Scoop!