The average sales price for a single family home in the Highlands Ranch 80130 zip code is $439,928. See the rest of the stats below. One house in Highlands Ranch sold for a massive 110% of original asking price. The buyer must have really wanted that house.
If you are considering buying a homes in 2016 in the 80130 zip code of Highlands Ranch you better know the sales numbers before you buy. It’s a highly competitive market right now and buyers seem willing to offer the world and eager sellers are more than happy to accept. But what is too much? When is it time to call it a day and move on? How much is too much in this market?
If you know your numbers you should be much better prepared to make an offer on your next home in the 80130 zip code in Highlands Ranch Colorado. Below I will give you the stats for 80130.
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Remember that your Realtor should know these numbers too. If they don’t you better rethink your current situation. Paying over asking price is ok for certain houses but there is also a the right way to go about it.
Some say the market is “too hot” to buy. Some say “this is a bubble” and they are going to wait it out.I say nobody has a crystal ball. I think 80130 zip code is hot now and has always been a hot real estate market. If you look at the massive inflow of new people moving to the state of Colorado I think you are going to be in for a long wait if you think prices will take a dump anytime soon. In 2015 we had over 100,000 new people move into Colorado. In 2016 they are projecting close to that same number.
Home builders cannot keep up, renters are tired of paying stupid high rents and people that have been stranded in their homes for the past 6 years because they didn’t have enough equity to move are now on the hunt for larger more updated abodes.
Remember too that during the market crash of 2008 large investment companies moved into the Denver Metro and purchased 1,000’s of foreclosures and distressed homes. They converted these homes into high priced rentals. That entire segment of housing inventory has disappeared from the real estate market. They are rentals for the foreseeable future and will not be up for sale anytime soon. Many of the distressed homes were what we consider starter homes or entry level homes too. Most builders are not building entry level homes today. Unless you count $400,000 as entry level.
Highlands Ranch and the 80130 zip code is totally built out or very close to it so if you want to live in 80130 then you better realize that prices are probably not coming down anytime soon.
If you need information or have questions about buying or selling in this market feel free to give me a call. I can help you make a more educated decision and design a strategy to either sell your home for top dollar or buy a home without paying 110% over asking price.