Douglas County CO Real Estate Market Report
Douglas County CO real estate is moving at a record pace. Below I will show you what we have experienced so far in 2013 and what we should expect going forward. If you have been waiting for the real estate market to bottom out before you buy a home you missed it. Home sellers are in control now.
Below-See why now might be the best time to sell your Douglas County CO real estate.
New home builders are about to crash the party and selling your home now might be the best way to name your price. I have talked to a lot of potential buyers that are wanting to move into new homes and they are thrilled builders are now building again.
“Many Douglas County CO neighborhoods are already well above pre-bust market values and with pent up demand, low interest rates and low inventory I see no end in sight.”
Here are the real estate numbers as of March 2013 compared to March 2012 in Douglas County CO.
- Active listings are down 34.4% compared to March 2012
- Under Contract listings are up 24.2% compared to March 2012
- Total days on market are down 47.7% – 118 days in 2012 versus 62 in March 2013
- Median sold price is up to $315,000 which is up 8.7%
- Average sold price was $360,558 in 2013 which is up 7.5%
- Listings on average are selling at 98.7% of asking price in March 2013 versus 97.6% in 2012
Fr fun take a look at the most expensive homes in Douglas County CO that are currently on the market. Take a look at this recent market report for 2012 for the entire neighborhood of Pradera in Parker, CO. These numbers will blow your mind.
Every stat for Douglas County CO Real Estate is showing signs of a real estate market on the rebound.
Year to day for 2013 there sold listings are up a massive 30.6% versus the same time frame in 2012.
This information doesn’t included new build homes. Take a drive around the neighborhoods that were dormant 6-12 months ago. Builders are clearing land and putting in infrastructure as fast as they can make it happen.
Home builders will play a large roll in the recovery and how much you get for your resale home.
Time to move!
Builders are not only building in the old neighborhoods they abandoned a few years ago. They are building entire new subdivisions.
Toll Brother, Richmond. Standard Pacific, Shea Homes are just a few of the builders that are putting in brand new neighborhoods in Douglas County, CO.
Take note this is very important to understand. If you are considering selling your home then the next 6 months might be the best time to sell. Why? Builders are going to flood the market with new homes and new home communities. This will create more competition for the resale market which will in turn drive resale prices down. Let’s face it, we all love the look, feel and idea of moving into a nice new home with all the great features.
Steve Beam is a Douglas County CO Realtor. Steve Beam client testimonials here.