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Columbine West Real Estate is Boring, but Steady!

by John Basila

The Columbine West Real Estate market is coasting along, so far in 2024.

We typically average 5 to 6 home sales per month, over the past five years.  So far in 2024, we've had 15 homes sold - a little behind what we would expect through the end of April.

There are a number of reasons for the decline in sales - higher interest rates than in years past, homeowners unsure of finding a replacement property, economic expectation in an election year.

The good news is that Columbine West Real Estate is showing healthy signs of being stabilized.  Although home values are a little lower than they were at the height of the recent "frenzy", they've been holding fairly steady.

Demand is definitely lower than it has been, mostly due to uncertainty and Interest Rates.  The funny thing is, we got spoiled with low Interest Rates.  If you consider that the 30 year and 50 year average Interest Rates have hovered around 7%, it shouldn't be long before more Buyers enter the market.

Another indicator of the "blah" of Columbine West Real Estate is that it's taking a little longer for homes to sell.  Even with lack of inventory, Buyers can still be prudent in the buying process.  Instead of selling in a weekend with multiple offers, Sellers are seeing more offers at List Price, and only a handful of offers.

John Basila is a 20+ year Resident of Columbine West and Broker/Owner of A Denver Home brokerage.

If you've been considering selling your property, please contact me for a complimentary analysis.  John Basila can be reached at 303-589-9034 or via email at columbinerealtor@gmail.com.

 

Ken Caryl Real Estate Update For 2019

by John Basila

Ken Caryl Real Estate had another good year in 2019.  Although there were fewer homes sold in Ken Caryl than we typically see, home values continued their strong growth.

There are currently only four "Active" properties for sale in Ken Caryl.  With 9 to 10 home sales in an average month, Ken Caryl Real Estate only has a two week supply!!  Demand is still high and Interest Rates are low, so Ken Caryl Real Estate remains a strong "Seller's Market".

Ken Caryl Real Estate is still selling fairly quickly, with homes selling with an Average Days On Market of 28.  If your house is priced right and in good condition, it should sell in a matter of weeks.

Ken Caryl Real Estate continues to show strong Price Appreciation, with an Average Sales Price in 2019 of $722,152.  This represents a 29% Increase in home values since 2015!!

If you're considering selling your house in Ken Caryl, now is a great time to beat the Spring rush!! 

Contact Littleton Realtor® John Basila, Broker/Owner of A Denver Home, for a complimentary consultation on your house's value and the current market conditions.  John Basila can be reached at (303)589-9034 or via email at columbinerealtor@gmail.com.

Columbine Hills Real Estate Had Banner Year In 2019!!

by John Basila

Columbine Hills Real Estate had a Banner Year in 2019!!  Columbine Hills had 76 home sales in 2019, which is 35% more than 2018 and 26+% above the previous 6-year average of 60 sales per year.  Demand is still very high for properties in Littleton, and Columbine Hills Real Estate should have another healthy year in 2020.

Homes are taking a little longer to sell in Columbine Hills than the previous 6 years.  If your house is priced right and in good condition, it should still sell in a matter of just a few weeks.

Columbine Hills Real Estate continued to show strong Price Appreciation in 2019.  With an Average Sales Price of $450,725 in Columbine Hills for 2019, home values have increased 36% since 2015!!

The Average Sales Price and number of sales should be strong again in 2020, with low Interest Rates and a high level of demand.  There are currently only three homes that are "Active" in Columbine Hills, which means it's still a strong "Seller's Market".

If you're considering selling your house, now is a great time to beat the Spring competition!!

Contact Littleton Realtor® John Basila, Broker/Owner of A Denver Home for a complimentary consultation and review of current market conditions.  John Basila can be reached at (303)589-9034 or via email at columbinerealtor@gmail.com.

 

 

Governors Ranch Real Estate Recap 2019

by John Basila

Governors Ranch Real Estate performed well in 2019.  Although Price Appreciation slowed in 2019, Governors Ranch Real Estate saw a 20+% increase in the number of sales.  With 40 home sales in 2019, Governors Ranch is averaging more than three sales per month.  Currently, there is only one "Active" property for sale in Governors Ranch, keeping the "Seller's Market" strong.

With the high demand that we're still seeing, Governors Ranch Real Estate is still selling fairly quickly.  If your house is in good condition and priced right, it should sell in a matter of weeks.

Governors Ranch Real Estate continued to show increased price appreciation, albeit at a much slower rate than in previous years.  The Median Sales Price in Governors Ranch reached $564,000 in 2019.

If you're considering selling your house in Governors Ranch, now is a great time to do it!  With minimal competition and Interest Rates at near low levels, now is the moment to sell your house before the market has its influx of Spring competition.

Contact Littleton Realtor® John Basila, Broker/Owner of A Denver Home, for a complimentary price analysis and review of current conditions.  John Basila can be reached at (303)589-9034 or via email at columbinerealtor@gmail.com.

Columbine West 2018 Real Estate Recap

by John Basila

Columbine West 2018 Real Estate Recap

by John Basila, posted 2/12/2019

Columbine West continued to be a strong Real Estate market in 2018. Historically speaking, there are typically 6 or 7 homes sold every month in Columbine West. Although 2018 wasn't as strong as some previous years, the lack of available homes for sale probably played a role in the decline. At the moment, for instance, there is only one home that is "Active" in the REColorado MLS. That means that there is only a 5 Day Supply of homes!

We are still in a very strong "Seller's Market". A "Balanced Market" means that there are four to six months of Inventory. A "Buyer's Market" is when there are more than 6 months of Inventory, so Buyers have the ability to be a little pickier and Sellers have to make more concessions. This "Seller's Market" will continue through the next year or so, at least, according to many experts.

As evidence of our "Seller's Market" in Columbine West, homes are still selling very quickly. The average Days On Market (DOM) in the Denver Metro Area is around 30 Days. The historical average in the Denver Metro over the last 50 years has been 70 Days. In 2018, Columbine West saw the same 6 Days On Market as we've seen over the past few years. If your property is priced right, it will sell quickly, and probably with multiple offers.

Recently, Lon Welsh of First Alliance Title revealed to me that those Sellers that priced their home correctly in the Denver Metro over the past 24 months, were sold in 13 Days On Market. If the Sellers had overpriced their home, it took 58 Days On Market and a price reduction to get it sold. My Sellers "Net" almost 103% of their List Price because we price their property correctly.

Incidentally, homes that were priced right sold more quickly in February, March and April in 2018. Since there's limited inventory before Spring, properties were gobbled up in less than two weeks in early 2018!!

Since the "Seller's Market" continues to be strong in Columbine West, you will not be surprised that our Property Values continue to rise. Did you get your new Tax Bill from Jefferson County, yet?? :-)

With limited inventory and a ton of Buyers waiting to purchase, our prices in Columbine West have continued their growth. Although we're not seeing the Double-Digit price appreciation that we saw in 2014 & 2015, we still saw a healthy 6.3% Increase in the Average Sale Price for 2018. Experts expect the rate of appreciation to continue to hover in the 5% to 6% range over the next two years.

If you've been thinking of Selling your property, now is a great time to beat the competition!! For a complimentary Market Analysis of your property, please call me. You can email me at littletonagent@gmail.com. You can also get an "automated" analysis at denverhomereport.com.

 

Displaying blog entries 1-5 of 5

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John Basila
A Denver Home
P.O. Box 620222
Littleton CO 80162
Cell: 303-589-9034

CO EI License # 028420