Luxury Ranch Style Home Sales in Parker Colorado 2015
What are we talking about here? In this article I will discuss the fast growing market of custom ranch style homes in Parker, Colorado. We have already passed 2014 for the number of luxury ranch style homes sold and closed and it’s only October.
What exactly is a custom ranch style home? Typically it is a custom built home designed and built with the help of an architect and a custom home builder. It is built to the exact specifications of the soon to be new home owner.
Why is the custom ranch style or “Affluent Downsizing” market so important?
Its simple. Our older generation is looking to downsize but not into a track built home or neighborhood where every house looks and feels the same. They are however interested in what some call “Affluent Downsizing.” Affluent Downsizing is a somewhat niche market but still a very large market in the Denver Metro right now and I see no end in sight. Many but not all of these buyers are empty nesters or at least “almost empty” as one client put it. They have had the large suburban house in the track neighborhood, raised their kids and sent them off to their own lives and are now looking for style, comfort and top of the line finishes.
Not all buyers of ranch homes are retired or even close to retiring. I’ve sold many of these custom homes over the past few years to younger families that appreciate the open floor plans, large basements and larger lots that ranch homes have to offer. Let’s face it…Colorado offers a lot of activities for us to get exercise. We don’t necessarily need to climb stairs to keep in shape in Colorado.
Many custom home buyers know exactly what they want and have no issues explaining where and what type of home they are looking for. Main floor master bedrooms are a must have. No more stairs except to go into the basement to entertain their friends or visiting family. They want kitchens that are totally functional and look like a million bucks. Outdoor living areas are given top consideration when buying or designing too. Outdoor living areas don;t need to be huge but must also be functional and private.
Most custom ranch style home buyers are not afraid to make changes after they move in if a home isn’t perfectly suited to their needs. I have many custom home buyers that easily spend $100,000 to as much as $500,000 to make a resale home fit their needs and most importantly their style. I can help you determine if a home is priced correctly and let you know if there is upside available to make additions and updates when you buy. The main purpose of the article to to educate you the buyer and me the Realtor so we know the numbers of what is selling and for how much. If you don’t know your numbers you can end up paying too much!
Here are the sales numbers for 2015 for luxury ranch style homes. To qualify the house had to be a ranch style main floor master bedroom home, have a closing price at or above $700,000 and be located in Parker, Colorado.
- Average sale price $962,527
- Average price per square foot (above ground) $332.17
- Average price per square foot (total Square feet) $166.59
- Average days on market 119
- Highest sale price $1,798,000
- Lowest sale price $700,000 (I’m only looking at homes that sold above $700,000.)
- Average year built 2004
- Difference between original asking price and final sales price 95.20%
- Average # of bedrooms 4
- Average # of bathrooms 5
- Average total square feet 5,907
- Largest total square feet 10,241
- Smallest total square feet 3,248
If you would like a complete list of every ranch style home for sale in Parker or even a list of buildable lots that are available shoot me an email or give me a call. 303-941-4663 Email Steven Beam for the list
Looking for a luxury ranch style home?
Steven Beam has been a licensed Realtor, CRS in Parker , Colorado for 16 years. 303-941-4663