Stonegate Village Real Estate Market Report June 2013

Stonegate Village Real Estate Market Report June 2013

Stonegate Village real estate in Parker, Colorado is moving at a record pace. Homes are selling faster and for more money right now than at probably any other time since the neighborhood has existed.

Bomb and a clock. Ticking time bomb

Ticking time bomb

Be sure to check out Stonegate Neighborhood 2012 Real Estate Report

Average sale price in Stonegate Village

  • For the fist half of 2013 Stonegate home values are up 3.39% when comparing the average sales prices against 2012.
  • The average price per sqft in Stonegate Village is up 5.04% from $139 to $146 per sqft.
  • The highest sales price in Stonegate Village for 2013 so far is $478,500. In 2012 a home sold for $495,000.

In almost every little area of Stonegate Village we are seeing higher and higher prices.

Is it a bubble or a is it real? Why are Stonegate Village prices going so high so fast?

Every conversation I have is centered around the high prices homes are fetching in Stonegate Village. The reality is that homes that were selling for $350,000 to $370,000 two years ago can now fetch $390,000 to over $400,000. There are several reasons for the quick run up.

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  1. Low interest rates.
  2. Low inventory.
  3. Super high pent up demand. All the sideline watchers for the past 5-6 years now have good credit, cash in the bank and a willingness to get into the good neighborhood.
  4. The super location, amenities and top schools of Stonegate are a big draw for all buyers.
  5. Finally. We sat around Stonegate Village for over 4 years without any real appreciation. Only now are most of the homes selling at prices that should have been achieved already if we had been in a normal market over the past 4-6 years.  I need to run the numbers to check it but I bet Stonegate house values have not exceeded values that normal appreciation would have us at now.
  6. See the full spreadsheet of the homes below here. 

Steven Beam is a Parker, Colorado Realtor.