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Have we hit the bottom in Parker Colorado Real Estate Market?
Jan 20th 11
New Stonegate Neighborhood Clubhouse
“Have we hit bottom?” This is the question I and most Realtors get on a daily basis.
How about a 6.35% value reduction in Stonegate home prices from 2007 to 2010. See below.
The ANSWER IS YES we have BUT it also depends…on what your bottom is and what happens going forward with interest rates.
The only way I can show this is through actual real estate sales data from a specific neighborhood here in Parker Colorado. The data I will show you is from actual home sales in the Stonegate Neighborhood in Parker Colorado. I sell a lot of homes here, live here and know the neighborhood is one of the areas that many Parker Colorado Home Buyers will look in and want to live in.
Stonegate is a larger neighborhood in Parker CO that has a long history of steady sales. It isn’t a new neighborhood. It was started in the 1980’s and has homes as new as 2005. There are about 3000 homes in Stonegate.
You can see from the data below that the market has settled down and seems to have stabilized for the past two years. Over the past 3 years we can see a definite trend of steady sales prices and a more predictable market.
Stonegate home sellers make sure you price your homes reasonably within the market or you may be in for a long road before you sell.
Total Sales by Year: (2007 was obviously the down year for home sales in Stonegate.)
2007 = 79
2008 = 173
2009 = 121
2010 = 131
Average Total Days on Market: (No real difference)
2007 = 70
2008 = 82
2009 = 82
2010 = 76
Average NET Sold Price: (6.35% decrease in Value from high to low year.)
2007 = $329,191
2008 = $308,770
2009 = $308,292
2010 = $308,938
This is so true because I was completing a market analysis earlier this week and basically told the seller of a Stonegate home that their home was worth about $23,000 less than they paid for it in 2006.
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
Average NET $ or Price per sqft Sold: (Seems to have settled around the mid $130 per sqft mark)
2007 = $143
2008 = $138
2009 = $135
2010 = $138
Parker Colorado has Four Blackeyes
Be a Voyeur in Your Neighborhood
Housing Market News for Denver and Colorado
Jun 29th 10
Here are some quick links to local and National news articles pertaing to the housing & real estate market. I thought you might enjoy.
U.S. home prices rise 0.8% in April: S&P – Prices have moved up 3.8% in the past year, marking the third consecutive year-over-year gain. Prices rose in 18 of the 20 metropolitan areas tracked by Case-Shiller in April compared with March. Over the past year, prices rose 4.4% in Denver.
Additional articles that you may find of interest:
- Peloton offers stimulus discounts to next 12 buyers
- Utter, Bowes form firm
- Fannie Mae gets tough with ’strategic defaults’
- Home prices rise 0.8 pct. in April from March (Denver up 4.4% over the past year)
- Furniture Row buys Watkins land for $6.5M
- Banks: We’re Hiring
- Factory-Built Homes Gaining Acceptance
- Renovation Projects For Older Housing Must Follow EPA Rules
- What Wall Street reform means for your mortgage
Bradbury Ranch and Auburn Hills Homes Sold Report
Jun 3rd 10
This real estate market report for Bradbury Ranch is for January 1, 2010 to June 1, 2010. This repost shows all the homes sold and closed during that period.
Bradbury Ranch is another “favorite” Parker Colorado neighborhood. A few years ago Bradbury Ranch grew in size with the addition of Auburn Hills across Mainstreet. The new sections added several hundred homes to the neighborhood.
See all homes for sale in Bradbury Ranch HERE.
Being located in the heart of Parker Colorado at the intersection of Jordan Road and Mainstreet make this an obvious chioce for home buyers in the Parker CO area. The new Chambers Road extension also allows for super quick access to I-25. Bradbury Ranch has a beautiful pool area and extensive open spaces that home buyers also seek.
Top 10 List for Parker Colorado 2010. I’ve already blown a few!
- Total Homes Sold in Bradbury Ranch Jan 1 to Jun 1, 2010 = 22
- Average Original Listing Price $276,284
- Average List Price at time of sale $271,334
- Average Sold Price $256,382
- Average NET sold price (after seller concessions) $262.298
- Highest Sold price so far $372,000
- Lowest Sold Price so far $185,000
- Sold Homes Volume $5,838,407
- Average Price SOLD per SQFT $136
Stonegate Neighborhood Homes Sold Report
Real Estate News and Articles for Denver Colorado
Nov 5th 09
When I run across news articles that have an impact on our Denver Metro Housing Market I like to post them up for all to read. Enjoy.
Economist: 6 months until Denver recovers - Recent corporate announcements and an improvement in our region’s business climate bode well for future job growth, according to The Metro Denver Economic Development Corporation (Metro Denver EDC). In its Monthly Economic Summary for November 2009, the EDC highlighted the fact that Conoco-Phillips, SunRun, a San Francisco-based solar energy company, and German-based SMA Solar Technology AG will all start Colorado operations in the next few years. “This is a very big deal for Colorado we’re excited that not only are we being recognized across the country for our renewable energy capabilities, but now, also across the globe,” Metro Denver EDC Chief Economist Patty Silverstein said. “On the residential side those home prices are certainly a bit more stable. Commercial markets we’re still watching very carefully. We’re still determining that there’s going to be a little bit of pain in those markets,” she said.
Denver Economy-6 Months to Recover?
Senate expands homebuyer tax credit, extends jobless benefits - Yesterday, the Senate voted 98-0 to extend and expand the tax credit to include buyers who already own homes. The House is expected to vote on the bill today. Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn’t owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
Home Buyer Tax Credit
Additional articles that you may find of interest:
Denver-area apartment vacancy rates fall
Apartment Vacancy Down
Emerging Trends: “The Bottom is Near!” Predict CRE Forecasters
Emerging Trends in Real Estate
Pradera Golf Club Real Estate Market Report – Parker, Colorado
Oct 18th 09
Pradera Golf Club-Parker Colorado
This is the January 1, 2009 to October 14, 2009 real estate market report for The Pradera Golf Club in Parker Colorado. These are stats from the homes that have actualy sold and closed in Pradera during that time frame. Please call or email Steven Beam if you need more detailed information about the neighborhood or a specific home sale.
Pradera is an exclusive Private golf club community located in Parker Colorado. There are semi-custom homes available and fully custom homes from $400,000 to well over $2 Million dollars. Take your pick!
EMAIL Steven Beam or Call or Textl 303-941-4663.
Pradera Homes Sold Stats
See all homes currently for sale in Pradera HERE.
Detailed Spreadsheet with Pradera Home Sales.
- Number of homes sold in 2009 so far = 23
- Highest Sales Price = $1,221,517.
- Lowest Sales Price = $330,000.
- Average Sales Price in Pradera so far for 2009 = $660,933.
- Average % of price receive versus ORIGINAL asking price = 95.22%. Meaning the sellers in Pradera received on average 95.22% of their original asking price. This is not calculated off price changes.
- Total Volume of Real Estate transactions for 2009 so far = $15,201,463.
Denver to see biggest rebound from economic downturn.
Oct 5th 09
Biggest Rebound in Denver, Colorado
The Wall Street Journal has come out with a new report or maybe more of an opinion poll that rates Denver, Colorado as #6 on their list of cities to experience the biggest rebound after the economic downturn. So basically everyone young and hip should relocate to the Denver Metro area and enjoy the sweet lifestyle
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