This Week in Stapleton Real Estate 5.17.19
It’s Friday, time to talk Stapleton real estate! I always enjoy reviewing what’s going on & sharing it with you. This week we’re going to show you the 16 new listings in the neighborhood, a bunch of photos we took of the progress in North End, some stats that show buyers are gaining some leverage & our list of coming soon Stapleton homes. Let’s jump right in!
This week there were 16 new listings in the neighborhood, which boosts the total active inventory in Stapleton to 58 listings. That’s up from the 40-45 active listings we’ve seen over the past few months but that’s to be expected with this being Spring. (the busiest time in real estate)
Of the new listings here are a few of my favorites:
Open concept main level at 5400 Valentia St.
Nestled on a quiet block in Willow Park East, we think buyers are going to love the impressive finishes, open concept plan and clean, contemporary vibes throughout. A large family room, trimmed with built-ins & a dramatic gas fireplace, fully adjoin the kitchen & neighboring dining room. Upgraded finishes like quartz counters, high-end lighting & a sleek herringbone backsplash enhance the gourmet kitchen. One level up resides the master retreat & its tranquil 5-piece bath, add’l bedroom, full bath & laundry room. (check out the kid’s room..it’s amazing!) Flooded with light, the bonus 3rd level offers versatility (home office, media/game room) & unparalleled mountain & city views from a west-facing patio! Finished basement is ideal guest quarters & lounge space. You can guide yourself through the home on this 36o tour we did or you can just stroll through it with me on this Facebook Live.
Inviting living room at 8635 E 28th Ave.
Our friend Jody Donley from NPRE just listed this south side main floor master plan yesterday. We love the location in the coveted Westerly Creek neighborhood, the recently renovated kitchen, the finished basement with wet bar, the wide front porch and the amazingly private backyard dining area. Centrally located, take an easy stroll to Stapleton’s popular amenities like Central Park, Town Center, and Stanley Marketplace. This one is worth checking out for sure and I think it’s appropriately priced so it should sell quickly.
Beautiful finishes at 5942 Boston Ct.
Listed by Lauren Gates with 8Z Real Estate, this David Weekley home in Beeler Park is a stunner! Corner lot, sleek finishes, 4 bedrooms, finished basement and well done outdoor space. It even has some mountain views and a hot tub. What’s not to like? I think this one will be flipping to under contract by Monday.
Not seeing what you want in the resale market? Maybe building a new home in Stapleton’s “North End” neighborhood is the way to go. You can sign up at our site we set up specifically to keep you informed on North End, HomesInNorthEnd.com. Any time we have news or info on that area we’ll share it to those of you that sign up indicating you’re interested. For example, we just did this blog post this week that we shared to HomesInNorthEnd.com providing details on specs and lots from Parkwood, Infinity, Wonderland, Thrive & more! Haven’t even been up to see North End yet? It’s gonna be great, here are some photos of the North End progress we took this week.
Under Contract Homes This Week
15 Stapleton homes went under contract this week, which is just about how many are coming on per week. So the market is still active but we do have about 1 month worth of inventory on the market which is a tick up from what we did have. Some of that is typical of Spring but some indicators tell me the market is balancing out a bit, meaning buyers are picking up a little bit of that leverage they haven’t tasted in a long time.
Why do I say that? I base that off both our recent buyer and seller anecdotal experiences and the April market stats that just came out. When I look at the stats for single family homes in Denver as a whole, which you can see in this report, and compare this April to last April I see 3 main changes that show me buyers have gained some ground back:
- Median sales price from last year at this time was down (1.3%). It’s been a while since home prices trended down year over year.
- “Days on Market” (which is how long it takes a home to go under contract) has increased by 42%. 30 days is the average now.
- Home Inventory levels have increased by 12%. This means there are more homes on the market and more for buyers to choose from, which equals decreased seller’s leverage.
So what do we take away from these market changes? That’s more than we can cover in a weekly update but I can tell you we’re going to be counseling our buyers and sellers based on this data and helping them act accordingly as they make their moving plans.
13 Stapleton resale homes sold this week. See how much they ended up closing for in the link above.
Like what you see in the sales prices and considering selling your home? You can pick up our guide to selling your Stapleton home and see the process from A-Z.
Total Stapleton Resale Listings Available
Stapleton has a total of 58 resale listings at this time. At our current sales pace that provides us with about 1 month worth of inventory. Although I provided some stats above that showed buyer’s gaining leverage this is still an inventory level that indicates a “seller’s market”.
Focus Real Estate Coming Soon Stapleton Listings: (organized by price)
5 bed, 4 bath Infinity Vue home in Conservatory Green. Modern style, open layout, rare main floor master bedroom and a finished basement with wet bar & media area. Coming in early June 2019. Ballpark price mid/upper $900k’s.
4 bed, 4 bath Standard Pacific home in Bluff Lake. This large corner lot home in the Bluff Lake area will hit the market in Fall 2019. DPS schools. Ballpark price high $700k’s.
4 bed, 4 bath Thrive Home Builders home in Willow Park East. This “ZEN” home will save you a ton on energy bills and it’s beautiful! It features 4 bedrooms, a finished basement, high end finishes throughout (including that white kitchen you’ve been wanting!) Ballpark price mid $700k’s and likely to list around the end of 2019.
4 bed, 4 bath Infinity home in Central Park North. This Infinity “Balboa” home features the sharp Infinity home finishes you’ve come to expect, an open main level, an office, a loft upstairs and a finished basement. Ballpark price low/mid $700k’s, likely to list in Fall 2019.
4 bed, 4 bath David Weekley Salida floor plan in Conservatory Green. Beautiful contemporary finishes grace this ultra popular floorplan complete with a sizeable master suite (complete with super shower and free-standing tub), open concept floorplan, main floor office and finished basement with wetbar! Listing late May in the low-mid $600k’s.
3 bed, 3 bath Eastbridge Corner Lot. We can’t wait for you to see this stunning, freshly remodeled home with a large corner lot, 3 bedrooms up plus a main floor office and a huge finished basement that’s perfect for entertaining, gathering and even working out. Walk to Eastbridge, Stanley, Central Park Rec Center or F-15 Pool – you won’t find a better location than this one! Listing in the next week or so around $640k.
3 bed, 4 bath Wonderland town home in Willow Park East. This 3-story town home is a beauty! Buyers will love the stylish finishes, inviting outdoor space and third floor flex space with rooftop deck. The finished basement also provides additional living space and perfect guest quarters with a full bathroom. We actually just listed it online yesterday and showings start tomorrow! You can take a 3D tour of the home here.
As always, if you’re looking for a Stapleton-based agent (and neighbor) to help you find your perfect home – Marieal, Amy and I at Focus Real Estate are here to help! We’d love to help you make your Stapleton move!
Disclaimer:
Our Friday real estate updates are meant to be a “roundup” type post where we discuss all listings in Stapleton, 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!
