I’ve long said that Clarke Farms is the most affordable neighborhood in Parker, Colorado and I believe that home buyers agree with me. Look at the sales for the year of 2011 and you will see that not only are homes continuing to sell in Clarke Farms but it appears that there is no slow down in sight.

Buy a home

Homes are selling for an average of $116 per square foot and and average of $100 per finished square foot. The value is right there. Numbers don’t lie and I seriously doubt anyone can build or replace a home in Clarke Farms for $100 per sqft.

So yes, buying and owning a home is now much less expensive than renting. If you don’t believe me check out this article that came out just today “Office and Home Rent will keep rising and rising.”

Home prices are so affordable in Clarke Farms that the selling price range for the neighborhood in 2011 was from $165,000 to $367,000. Just about anyone can find the right home in Clarke Farms.

In 2011 83 homes sold in Clarke Farms with an average sales price of $233,328 and an average of 96 days on market.

Find out what your Clarke Farms home is worth.

Typical Clarke Farms Home

Lately I’ve been writing about affordable housing in Parker, Colorado. Well, here is another neighborhood in Parker, Colorado that is reasonably priced and appears to be on the rebound. Sales numbers don’t lie.

Hidden River and Sagewood are sort of a neighborhood within a neighborhood. Sagewood is basically surrounded by Hidden River. The neighborhood is ideally located off Hilltop Road on the East side of Parker Road. Some lots in Hidden River have excellent views of the Front Range.

Previous Sold Homes numbers for Hidden River 2009

Here are the numbers for 2011.

• Total Homes Sold 40
• Average Days on Market = 102
• Average NET Sold Price = $251,882
• Average Price Per SQFT = $133
• Average Price Per Finished SQFT = $115
• Lowest Home sale for 2011 = $146,496
• Highest Sale for 2011 = $358,000

If you look back and see that in 2009 only 29 homes sold for an average of $136 per square foot. Compared to other Parker, CO neighborhoods this is not bad especially considering 11 more homes sold in 2011 versus 2009.

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

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.

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

Home for Sale in Stonegate

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.

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.

See the Full article here.

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 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 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.

]]> http://realestateyak.com/2011/04/07/pace-parker-gets-a-new-arts-events-culture-center/feed/ 1