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Archive for the 'Real Estate Stats' Category
Canterberry Crossing Neighborhood Yearly Market Report 2011
Jan 17th 12
- Canterberry Crossing Home
Canterberry Crossing and The Villages of Parker 2011 Real Estate Report
See every home for sale in Canterberry Crossing Here.
Believe it or not Canterberry Crosssing and the Villages of Parker neighborhood is down only 6.53% from the high in 2008. The average NET price per SQFT in 2008 was $138 per SQFT versus 2011 at $129 per SQFT.
The Canterberry neighborhood was started in the late 1990’s. With many lots enjoying large mountain views and plenty of open spaces to play Canterberry is an obvious choice for anyone looking to buy a home in Parker. Over the years I’ve learned that Relocation Buyers often choose Canterberry as one of the first neighborhoods they want to look at.
Check out these sales numbers for Canterberry over the past 4 years.
- Total Sold 2011 = 116 | 2010 = 115 | 2009 = 118 | 2008 = 142 (little change inm the past 3 years)
- Average Days on Market 2011 = 113 | 2010 = 99 | 2009 = 100 | 2008 = 96
- Average NET Sales Price 2011 = $289,917 | 2010 = $314,054 | 2009 = $326,424 | 2008 = $334,991 (Difference from high to low year = down 13.46%)
- Average Price Per SQFT 2011 = $129 | 2010 = $134 | 2009 = $136 | 2008 = $138
- Average Price Per Finished SQFT 2011 = $113 | 2010 = $118 | 2009 = $119 | 2008 = $124
- Highest Sales Price 2011 = $515,000 | 2010 = $548,400 | 2009 = $625,000 | 2008 = $580,000
- Total Volume Sold 2011 = $33,630,318 | 2010 = $36,116,167 | 2009 = $38,519,193 | 2008 = $47,568,707
View Canterberry Crossing, Villages of Parker in a larger map
Newlin Meadows Sold Homes Report 2011
Jan 9th 12
Typical Newlin Meadows Neighborhood Home
With all the building going on around Newlin Meadows you would never know there is a recession going on. New homes are popping up monthly and from what i can see they are selling.
Find out what your Parker home is worth here.
See every home for sale in Newlin Meadows right now.
2011 turned out to be another great year of home sales in the Parker, Colorado community of Newlin Meadows. Prices held steady and inventory was stable which is nice to see since many other neighborhoods had shortages of good inventory. Since Newlin Meadows is a newer community the homes have updated current features and amenities so i think this will workout well for the next several years as many builders have all but stopped building. This means that home buyers wanting newer homes will have to look for neighborhoods like Newlin Meadows to satisfy their new home craving.
Sold homes by the numbers in Newlin Meadows.
- Homes Sold = 19
- Average Days on Market = 180
- Average Sold Price = $349,486
- Average Price Per SQFT = $131
- Average price per finished sqft = $105
- Difference between asking price and final sales price = 92.47%
- Highest Sales Price = $410,000
- Total Volume of homes sold in Newlin Meadows = $6,640,230
Having 19 homes sold in such a small neighborhood in Parker is a great year by any standards. I believe that with the new Mainstreet cut through to I-25 and the Chambers road access to Lincoln is only going to help make Newlin Meadows more valuable going forward. The great location was key for two different homes buyers that I sold home to in Newlin Meadows this year.
Email Steven Beam for a listing appointment to get your home sold.
Stonegate Village Down 7.7% in Value 2011
Jan 9th 12
Stonegate Village home prices have dropped 7.7% over the past 5 years.
See the numbers below and my opinion at the bottom of this article.
Lower home Sales
It’s a great time to buy a home in Stonegate. It looks like the REO and short sale market has finally pulled values down in the Stonegate Village neighborhood in Parker, Colorado. I see that the number of sales is down a little too from 2010 but that might have something to do with the lower inventory levels across the board.
The average price per sqft for 2011 is now at $132 per sqft versus a high of $143 in 2007. Ouch! We are all feeling the pain.
Take note Stonegate home sellers! Buyers are looking for quality homes with upgrades and well maintained interior and exteriors. I just posted an article about what buyers are looking for and why they are over looking Stonegate and buying elsewhere. I suggest all potential home sellers read this article. Best Tips to Sell Your Parker Home Fast.
While the numbers don’t lie and they are painful it isn’t the end of the world. We knew we were going to get hit by this at some point. We are not immune to the real estate market around the world even though we have been somewhat insulated from it for several years. Stonegate has not been hit nearly as bad as many other neighborhoods around Parker and the Denver Metro area.
Stonegate residents. Update your homes. Remodel them. Our neighborhood on the South side is getting older and we need to keep this neighborhood as a prime spot for all potential home buyers in the Parker area. The amenities in Stonegate, our location as well as the BEST school in Douglas County all help us stay on top of the competition. Let’s keep it that way.
Here is a list of every home currently for sale in Stonegate.
Find out what your Stonegate home is worth right now.
Total Sales by Year: (2007 was obviously the down year for home sales in Stonegate.)
2007 = 79
2008 = 173
2009 = 121
2010 = 131
2011 = 113
Average Total Days on Market:
2007 = 70
2008 = 82
2009 = 82
2010 = 76
2011 = 105
Average NET Sold Price: (7.7% decrease in Value from high to low year.)
2007 = $329,191
2008 = $308,770
2009 = $308,292
2010 = $308,938
2011 – $303-853
Total Volume of NET Sales By Year in Stonegate: (Two years of consistent sales volume show a market that may have leveled out)
2007 = $26,006,053
2008 = $53,417,205
2009 = $37,303,358
2010 = $40,470,934
2011 = $34,335,375
Average NET $ or Price per sqft Sold:
2007 = $143
2008 = $138
2009 = $135
2010 = $138
2011 = $132
My opinion is that 2012 will bring even less home sales as inventory decreases. This could be a great thing for house values in Stonegate and Parker in general. Lower inventory brings higher prices…USUALLY. Buyers are looking for quality and some homes in Stonegate are not updated. Every updated home I put on the market this year was sold in days not weeks. So take the time to make changes and improvements.
Douglas and Elbert Counties are on the verge of an oil boom. If oil starts flowing East of town this will bring huge amounts of workers into our area. This will be great initially for the rental market and then to the home sales market. Jobs are what we need and it looks like it might happen.
Parker Colorado has Four Blackeyes
Douglas County Colorado Real Estate Market Reports
Jan 3rd 12
Here we go it’s that time of year again. I will begging today posting my yearly real estate market reports for neighborhoods in and around Douglas County Colorado.
Be prepared to see how many homes have sold, what they sold for and how long it took the Realtor to sell them.
This is a valuable resource for anyone thinking of buying or selling a home. Youy MUST know your numbers in order to be successful when buying and selling a home.
We will be able to spot pricing trends and see what areas are hot and what area neighborhoods are cooling off.. With housing inventory in the Denver Metro at all time lows I would expect to see data pointing towards a recovery which is the first time I’ve used those words in years.
Here is a little tidbit of info to let you know where we are. As of the end of December our housing inventory was down 39% from one year earlier.
You can find these reports on this blog www.RealEstateYak.com and on our other blog located HERE.
Metro Denver EDC competitiveness report
Oct 27th 11
Metro Denver EDC releases annual competitiveness report -
The report includes among Colorado’s strengths the following:
- State’s GDP per employee ranks in the top 15.
- Per capita personal income ranks 14th.
- The state ranks 6th best for economic outlook.
- Colorado ranks 4th for “NASA Prime Contract Awards.”
- Colorado continues to post robust population growth rate – ranking as the 4th-fastest growing state in the country in 2009 and 2010.
- The state maintains high rankings for 4th grade reading proficiency and continues to rank 1st for highest ACT and SAT scores.
- Colorado has the nation’s lowest rate of obesity.
Douglas County Luxury Home Sales Report
Oct 26th 11
Luxury home sales in Douglas County Colorado on the rise.
Luxury buyers want to know if it’s safe to jump in the market and buy properties over the $1 Million price point. The answer is easy. Yes, luxury homes over $1,000,000 are moving and yes there are fantastic deals out there.
Luxury Home in Douglas County Colorado
Earlier this year I was able to get an offer accepted for one of my high-end buyers that made us all excited. We negotiated $300,000 off the asking price. My buyer was thrilled.
Here are the numbers below to show you what I’m talking about. Douglas County luxury real estate prices have come down and there is plenty of really good inventory to look at.
This is a year over year comparison of Luxury Home Sales from the same time periods of January 1st to October 26th 2010 versus 2011.
Find Out What your Luxury Home is Worth Here.
- Total above $1 Million sales in Douglas County for 2010 = 89 versus 2011 = 71 for the same time period.
- Average Days on Market 2010 = 89 versus 2011 = 71
- Average Original Listing Price 2010 = $1,851,523 versus 2011 = $1,757,626 ( -$93,897)
- Average NET Sales Price 2010 = $1,480,895 versus 2011 = $1,451,912 ( -$28,983)
- Difference between original asking price and final sales price 2010 = 79.98% versus 2011 = 82.61%
- Average Price Per SQFT – 2010 = $344 versus 2011 = $324 ( $20 per sqft less)
- Highest NET Sale s Price for Douglas County 2010 = $3.630,000 versus 2011 = $3,150,000
The lower number of sales may reflect the crazy stock market ride we have had this summer. I’m sure luxury home buyers in Douglas County Colorado were stalled from making decisions during the major market shifts of the summer.
The original asking price versus final sales price shows us sellers are slightly learning that their homes are not quite work what they are hoping for or at least buyers don’t view them as being worth what the sellers are asking.
The $20 per sqft drop is a pretty good indication that the market has softened even more. I think that’s a pretty good indicator of continued softening.
Steven Beam is a Realtor in Parker, Colorado.
Douglas County Real Estate Market Update
Apr 13th 11
Douglas County Market Report
2011 1st Quarter Real Estate Stats Douglas County Colorado
Here is a quick look at the numbers as seen in the full report linked to above. This is for the Douglas & Elbert Market areas.
Average Sold Price = $337,668 which is down 5.1% from 2010.
# Sold homes = 926 which is up by 6 sales from 2010.
Average days on Market = 135 which is 17% longer than 2010.
We have had a total of 8 homes that have sold above $1 million and 16 homes that sold between $800 and $900,000.
The most popular sales price is from $200,000 to $399,999 with 572 sales.
Since the end of January sales and showings are definitely up. I’ve noticed that showings on my listings have been through the roof. Some of my listings are getting as many as 10 showings a week.
Check this out. The average sales price for homes this year in the Parker zip code of 80134 is $309,200 and for zip code 80138 the average sales price is $351,692.
Foreclosure Hot Deals in Parker.
Steven Beam is a Realtor, CRS living and working in Parker Colorado.
PACE – Parker gets a new Arts, Events & Culture Center.
Apr 7th 11
PACE Parker Arts Culture & Events
PACE
or
Parker Arts, Culture & Events
This is a scan of the post card the Town of Parker handed me at the recent “State of the Town” meeting I attended.
To be honest learning about this new (soon to be finished) cultural center in the center of town was actually the most exciting part of the event. There were a few bad jokes and a lot less real information given that I had hoped for. Mostly a smooze event and “look at me I’m your representative” junk. I do like the Mayor. Enough about the meeting.
This new building which I will say is quite impressive for Parker is really going to bring our Town to life. From the artist renderings and models I saw I cannot wait to attend an event here.
This is what I was told.
- Located in the heart of Parker’s historic downtown.
- Will host a varsity of regional and national arts performances.
- Available for rental for community, social and business events.
- 300 seat theater with an orchestra pit and dressing rooms
- 250 seat outdoor amphitheater
- Event room for banquets and community events. Social wing-dings! Yahoo.
- Multipurpose classrooms, media and visual arts rooms and dance studio
- Catering and teaching kitchen
- Plaza with a kids playground
- Art gallery
To me this sounds really cool. We have needed this for years. If you have ever been to an event at the old Mainstreet Center you understand why.
Good job Parker planners and Mayor for helping get this built for the Town of Parker.
Lowball Offers Are Sometimes The Only Offer
Mar 18th 11
I wrote this in response to another blog post on another blog. I felt I should share it here.
It seems some Realtors and Sellers get really bent out of shape when a buyer makes a lowball offer. I admit that it can be an insult but many times it’s a wake up call to the seller and listing broker.
If you are not lowball offering in this market you as a buyer’s agent are not doing your job….PERIOD. If you think it wastes your time or insults the seller too bad for you the buyer’s agent and your client. Some situations I admit it is totally uncalled for but in many cases when you run the numbers for the property it’s the only offer I will advise a buyer to make. I can easily make that recommendation with good conscience.
Funny but some sellers STILL do not realize that values are down for everyone including them and not just their next door neighbor.
I recommend running the numbers for each neighborhood in a buyer or seller’s area so you can show them just how much of a percentage drop has really happened in their neighborhoods and areas. Nobody cannot argue with factual numbers. When the real facts are submitted with an offer or presented at a listing appointment it really brings clarity to the situation and alleviates a lot of headache.
Here are two situations I was recently involved in where I advised my buyers to make low ball offers.
- We just offered $850,000 on a $1.225 listing. Got it for $925,000. Yeah the lowball was worth it and my client was stoked. I took the time to run the numbers and truly figured out what the property was really worth. As a result it saved my buyer $300,000 off the asking price.
- Another client just got a rental for 50%….YES I said 50% of asking price. He is one happy investor right now. We offered 55% of asking price to see what would happen and they countered back at 50% of asking. Of course my buyer took the deal.
Homes Sales in The Pinery. Parker Colorado
Mar 15th 11
The Pinery Home Sales Report
In this report you will see all the home sales in the Pinery Neighborhood from 2007 to the end of 2010. All price ranges. The report shows only home sales EAST of Parker road and does not include home sales in the newer Pinery Glenn neighborhood.
After writing an article detailing home sale trends over the past 4 years in Stonegate, and Pradera Golf Club other Parker, Colorado communities, I decided to produce the same stats for The Timbers & The Pinery.
The Pinery is consistently one of the top selling neighborhoods in Parker, Colorado. We have to believe that the location, beautiful rolling hills, wildlife and of course the pine forests that blanket the entire neighborhood are the reasons. There are homes available for every buyer in every price range in The Pinery and that makes it very appealing.
My report below for all the home sales in The Pinery is only covering single family homes. Not the condos and town homes or any other attached homes in The Pinery.
FYI-Lenders are calling me all the time to make sure I understand that money is now available for high-end luxury home buyers where it was unavailable just 18 to 24 months ago.
What do you get when you list your home for sale with Steven Beam? See it here.
Total Sales by Year: (These are home sales for The Pinery on the EAST side of Parker Road.)
2007 = 81
2008 = 133
2009 = 99
2010 = 127
Average Total Days on Market: (Less time on the market for 2010 may reflect less inventory and lower prices.)
2007 = 130
2008 =133
2009 = 153
2010 =135
Average NET Sold Price: (There were some really big sales in 2009. Some approaching $2 million.)
2007 = $628,659
2008 = $456,531
2009 = $500,337
2010 = $482,574
Total Volume of NET Sales By Year in The Timbers:
2007 = $50,921,391
2008 = $61,915,660
2009 = $49,533,393
2010 = $61,286,870
Average NET $ or Price per sqft Sold: (This is the sqft on the main level and upper level. It does not include the basement.)
2007 = $196
2008 = $166
2009 = $169
2010 = $164
The average price per sqft has dropped considerably and seems to have leveled off.
Average Price per sqft Finished. (All finished sqft included.)
2007 = $155
2008 = $127
2009 = $128
2010 = $120
The Timbers Luxury Homes Sales Trends
Pradera Golf Club 4 Years Of Home Sales Trends
Stonegate Neighborhood home sales for the past 4 years.
What do all the numbers mean on a real estate closing sheet?
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