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.
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.”
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.
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.
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.