This Week in Stapleton Real Estate

Below are links to the latest active, under contract and sold listings in our Stapleton real estate market this week!

Note that this post is just focused on the Stapleton “resale” market, if you want info on Stapleton new builds try our New Homes section.

I’m always watching the Stapleton market for my clients anyway so why not share an update each Friday via Stapleton Scoop Facebook and Twitter for those who like to follow along?

Click on any of the links below to see maps, pictures and details about all of these properties!

This week we had just 8 new resale homes that hit the market. This is again a very slow week for new inventory but that’s been typical lately.

Of the 8 new listings 8755 E 49th Pl looks like the one that will fly off the shelf this weekend. It’s a newer David Weekley home priced in the high $400k’s with nice finishes and about 2,000 sf not including the basement. What stands out is the huge yard, check it out!

There were 6 homes that went under contract this week, which is the same as last week. That equates to roughly 24 homes going under contract per month and we have 42 total homes active in Stapleton now so we have nearly two months worth of inventory which is an increase. Our volume of sales is down and our months of home supply is up just a bit but it’s still a strong seller’s market.

There were 12 sales this week that closed. I look through the sold homes each week and there are usually a few where I feel people overpaid. I am not going to call those out but I do want to mention that it’s happening in this market. A buyer’s agent should help the buyer look at the comparable sales and determine and appropriate offer amount on each deal. Buyers shouldn’t just assume they have to pay full price because it’s a “hot market”. Make sure your agent is doing their homework before you make an offer.

To illustrate this point, I want to mention a client that was referred to me this week. The buyer was told by their previous agent that as a blanket rule right now they need to offer at least within 1% of asking price to be considered “reasonable”. That may be true if the property is listed at market value but they didn’t take into account that the asking price could be way over the actual value! That buyer did their own homework and figured out the listing they wanted to make an offer on had an asking price that was $75k over the realistic value. Be careful and make sure your agent is focused on helping you buy the right house at a reasonable price, not just whatever the seller is asking!

There are now 42 total active resale listings in Stapleton.

Have you heard about Stapleton’s newest neighborhood yet…Wicker Park? Here is a recent post to get you up to speed.

If you have any questions about the info above or if I can be of service as a Stapleton based real estate broker please let me know!