Before we jump into real estate for the week, I wanted to share some local business news, including a churreria coming soon to Stanley, a new wellness center, a favorite San Fran sandwich shop, a new virtual food hall with delivery, and more! Check out this latest “Inside Scoop” post for all the details.
Ok, now onto real estate…
A couple weeks ago I mentioned the real estate market seemed to shift a bit in July and August with fewer showings and some price reductions. I also mentioned it was too soon to tell if the shift would be temporary or permanent since July and August are often slower with summer vacations and back-to-school preparations. Well, experts are saying the market has balanced out a bit but that this is, by no means, a cooldown. A slightly more balanced market is obviously a welcomed shift for buyers, but this can actually be helpful for sellers as well. There may not be crazy bidding wars like we’ve seen over the past year, but homes are still selling around 100% of list price (as long as they’re priced appropriately) and more inventory has become available. This means, sellers still get a great price for the home they’re selling, but they’ll also have a better chance of securing their next home without crazy bidding wars. Experts predict the market will remain healthy, and home values will continue to appreciate. Combine that with low interest rates, and buying a home is still a smart investment right now. Here’s a look at the market in Central Park:
New builds are popping up left and right in the North End neighborhood. David Weekley has started selling their single-family and paired homes again. Brookfield has been releasing a few Signature (single-family), Villa (paired home), Tealight (smaller single-family) and Cadence (townhome) lots every couple of weeks. There’s a Thrive Vitality Renew single-family home that became available recently as well as a couple KB Starlight home lots. See more details on these large ranch style KB Starlight homes in this post from my lovely colleague, Ashley Faller. Our team keeps in close communication with the builders so, if you’re wanting to snag one of these new build lots, let me know…..I’d be happy to help. And if you’re considering a move to the Central Park neighborhood, check out this driving tour to get a better idea of Central Park’s sub neighborhoods and what they have to offer.
Here’s what’s going on in the resale market of Central Park:
14 new listings hit the market this week. Everything from an income restricted condo/townhome to a nearly 6,000 square foot single-family home. I thought I’d highlight two townhomes, one on the south side of I-70 and one on the north side.
This 2 bed, 3 bath home boasts tall ceilings, large windows and beautiful finishes throughout. Gorgeous mountain views to the west and over 100sq ft of outdoor living space for enjoying a sunrise cup of coffee or dining alfresco in the evening. This home includes a solar power purchase agreement for energy savings, a ring doorbell and keypad entrance. No Second HOA! Located in Bluff Lake, just a few blocks from Isabella Bird Community School and the Bluff Lake Nature Center. A short distance to F-15 pool, Eastbridge Town Center and the Stanley Marketplace. Listed for $495,000 by Mariel Ross with Focus Real Estate.
This 2 bed, 3 bath home is just down the street from Central Park’s newest pool – with water slides! The open-concept, sun-drenched main level features beautiful hardwood floors, designer light fixtures, a modern gas fireplace, and a kitchen with gorgeous finishes. Upstairs you’ll find 2 bedrooms and a loft that could be converted to a 3rd bedroom if desired. The primary suite boasts a walk-in closet, spacious ensuite bath with dual sinks, and a private balcony with mountain views. Enjoy additional outdoor space in the low-maintenance backyard with new turf and access to the detached 2-car garage. The unfinished basement is great for storage and, with rough-in plumbing and egress window, affords the ability to add over 900 more finished sq ft. Listed for $630,000 by Jason Cummings with Compass – Denver.
9 properties went under contract this week ranging in price from about $480,000 to $1,095,000. The median number of days on market was 5, and the average number of days on market was 13.
16 home sales closed this week. The median close-to-list percentage was 100.00% and the average close-to-list percentage was 101.07% indicating that most homes are still selling at, or above, the list price (if priced appropriately).
There are currently 33 active listings. Prices start at $158,430 (income restricted) and top out at $1.55M. There’s a mix of condos, townhomes, paired homes and detached single-family homes both north and south of I-70.
That’s it this week! If there’s a property you’d like to see, or you’d like a free valuation of your property, send me an email email@example.com or call/text me at 720-633-6282. Have a great weekend.
**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. Thanks for reading the Scoop!