Custom Kitchen in The Timbers
Wow, a record year for home sales in The Timbers neighborhood.
The average sale price in The Timbers was up 11.85% in 2022.
The Timbers is arguably one of the most highly sought-after custom home neighborhoods in Douglas County Colorado.
2022 Year-end real estate market report.
Cash is truly king! 26% or 15 of the 57 homes sold in The Timbers for 2022 were purchased with CASH! Let that one sink in.
Fact – I have had 4 of my seller clients here in The Timbers show up to closing in RVs. They are not buying another home for at least a year as they travel the around the US. I have one client that has been on the road since the beginning of COVID with no end in sight. Yes, I had to help them with estate sales and donate almost all of their belongings.
The average house size that sold in 2022 was 5,586.
- Closed Homes – 57 in 2022 down 36% from 2021
- Average Days on Market – 37 in 2022 up 164%
- Average List Price $1,490,881 in 2022 up 11% from 2021’s average of $1,345,044
- 2022 Average Sale Price $1,512,617 up 11.85% from 2021
- The average Price per SQFT (total sqft) was up 21.65% from $225.08 in 2021 to $273.82 in 2022
- Average Price per SQFT (above ground only) was up 28% to $488.17
- Our Average Price per FINISHED sqft is up 24% from $248.52 in 2021 to $307.59 in 2022.
- The Average difference between Original Listing Price to Final Sale Price 100.22%
The days on market is up of course because the market shifted and there were a few overpriced homes on the market that are sitting.
For comparison, you can see the home sales stats for 2021 in The Timbers neighborhood below.
The Timbers 2021 Real Estate
- Homes Sold – 90
- Average Days on Market – 14
- The Average List Price $1,345,044
- 2021 Average Sale Price $1,352,366
- Average $ per sqft (total sqft) $225.08
- The Average $ per sqft (above ground sqft) $379.98
- Average $ per sqft (finished sqft of the home) $248.52
- The Average difference from Original Listing Price to Final Sale Price 99.87%
- Average difference from Final Listing Price to final sale price was 100.81%.
Family room custom home in The Timbers