Real Estate Information Archive

You've probably heard it a lot throughout the last year - Denver Real Estate & Littleton Real Estate are in a strong Seller's Market, there's a limited inventory of homes for sale, prices for real estate are growing by leaps and bounds...

Denver Real Estate has been listed multiple times over the past year as a top market for price appreciation and speed of sale.  Did you know Littleton Real Estate slightly outperformed Denver Real Estate in 2015?

Littleton Real Estate prices for Single Family Residences (detached) grew by over 12% in 2015!!  The Median Value of Littleton homes sold was up to $371,000, slightly above Denver's Median Price of $342,500.

Littleton Real Estate continued to remain strong in 2015, with sales of Single Family Residences (detached) comparable to the past few years.

In a strong Seller's Market, you expect properties to sell quickly.  Littleton Real Estate was in such high demand in 2015, that properties lasted less than a week before they went "Under Contract".  Littleton Real Estate's 6 Days was slightly faster than Denver Real Estate's 8 Days.  We've developed a number of strategies that helped our Buyers & Sellers succeed in this frenzied market!

Littleton Real Estate continues to be strong, and we're still faced with a limited inventory of homes for sale.  If you're considering Selling Your House, please visit denverhomereport1.com for a complimentary Property Evaluation.  You can also email or phone us for your customized report.

In 2010, Ken Caryl Valley Real Estate showed some improvement.  Although it wasn't a banner year, the modest improvements we see might be indicative of even better results in 2011.

Overall, the number of homes sold in the Ken Caryl Valley had their best performance in a few years.

The not-so-bright news is that the Average Sold Price declined a little in 2010.

I believe that this decline in Average Price from 2009 is the result of a few foreclosures that were sold in 2010.  Ken Caryl Valley Real Estate hasn't been as affected by foreclosures as other Littleton neighborhoods have been over the past few years.  In 2010, there were three foreclosed properties sold.  All three sold for under $550,000, which affected the Average Price.  If we look at the Median Price, a value at which half of the homes sold for more than the value and half of the homes sold for less than the value, we actually see some improvement in pricing.

As I mentioned in a previous blog post about Littleton Luxury Homes, there are signs that higher end real estate is improving in our part of Denver. 

When reviewing the current 32 Ken Caryl Valley Homes For Sale, there are no "distressed" properties on the market.  This might also be a positive sign for Sellers that prices will continue to improve.

However, with 32 homes on the market, and an average of six homes sold per month, there is currently a 5-Month Supply of homes.  This is indicative of a Buyer's market.  If you've been dreaming of moving to the Ken Caryl Valley, now might be a perfect time to get the best price on your dream home.  Contact Littleton Realtor John Basila for your confidential consultation.

2010 brought us some signs of improvement in Ken Caryl Valley Real Estate.  Let's hope that 2011 is a banner year!

If you've been wanting to move to Ken Caryl Ranch, now might be a great time to take advantage of the bargains to be found.  Ken Caryl Ranch Real Estate performed poorly in 2010, so odds are good that 2011 will be a better year.

Although Ken Caryl Ranch Real Estate sales were flat in 2010, prices continued to decline on the average sale.

The number of foreclosures in the Ken Caryl Ranch was steady in 2010, hovering at about 15%, which was the same as 2009.  When looking at current Ken Caryl Ranch Homes For Sale, only one of the 10 Active properties is "distressed".

More bad news for 2010 was that the average time on the market for Sellers was significantly higher than in the past few years.

Another indication that prices were soft for Ken Caryl Ranch Real Estate in 2010 comes from comparing the actual sales price to the original listing price.  We see that it's been a little tough to price properties over the past few years.

The good news, at the moment, for Ken Caryl Ranch Real Estate, is that there's less competition on the market, making it a better market for Sellers.  With an average of 3.25 homes sold per month, and only 10 homes on the market, the inventory is down to three months of supply!  This is close to being a "Sellers" market for the next month or two.

As Spring arrives, more homes will hit the market, which will erase any advantage that Sellers might have right now.  If you're considering selling your Ken Caryl Ranch home, contact John Basila for a confidential consultation.

If you're interested in buying a home in Ken Caryl Ranch, there are still a few bargains to be found, with a lot more coming this Spring.  Contact John Basila for more information.

It's been a tough couple of years for Grant Ranch Real Estate, and the most recent information indicates that Grant Ranch Real Estate Is Still Struggling.

There were fewer homes sold in 2010 in Grant Ranch, which extends a declining pattern since 2008.

While fewer homes are being sold in Grant Ranch, there is still a strong indication that prices have yet to stabilize. 

In fact, it was preferable for one of our Sellers to remove their home from the Grant Ranch Real Estate market, this past year, rather than continuing to lower their price to find the "magic number".  This uncertainty in the pricing arena can be stressful on Sellers, so holding out for another year or two to put your home on the market in this community will likely lead to better results.  If you're unable to wait, interview John Basila for the job of selling your home.  His Sellers Net 99.5% of their asking price and 95% of their original asking price, both exceeding local averages.

Another indication that Grant Ranch Real Estate Is Still Struggling comes from considering average sales prices and comparing them to their original list prices.  It's evident that the market is still soft.  In 2010, Sellers were only getting about 91% of their original asking price.

Although Grant Ranch Real Estate Is Still Struggling, it's comforting to know that the community hasn't been significantly impacted by foreclosures.  When reviewing all of the current Grant Ranch Homes For Sale, we do not find any Short Sales or Bank/Government-Owned properties for sale.  In all of 2010, there were only 5 foreclosures sold in Grant Ranch.

If you're a Buyer interested in moving up to Grant Ranch, now is a great time to find a "deal".  With Interest Rates still low, you have an opportunity to find your dream home at a very affordable price.  Contact Littleton Realtor John Basila for your confidential consultation.

If you've been looking for a bright spot in Littleton Real Estate in 2010, take a stroll over to Columbine Knolls.  Columbine Knolls Real Estate is improving at a steady pace.

When reviewing 2010 neighborhood performance, I am most-heartened by the steady improvement of Columbine Knolls Real Estate.  The neighborhood is up in almost every category over the past few years, even with a slight increase in foreclosures iin 2010.

In 2010, Columbine Knolls Real Estate also continued it's improvement in prices.  Although a three percent increase over the past few years doesn't sound very large, Columbine Knolls is bucking the general trend in Littleton.

Even better news, for Sellers in Columbine Knolls, is that it's taking a lot shorter time to sell their homes.  In 2010, Columbine Knolls homes sold 40% Faster than other Littleton neighborhoods, which averaged 88 days.

Columbine Knolls is a mature Littleton neighborhood that has great facilities, well-maintained parks and an active and well managed Homeowners' Association.  The stability and continued improvement of Columbine Knolls Real Estate acts like a rainbow to surrounding neighborhoods, who would all love to duplicate these results.

If you're a Columbine Knolls resident that's been thinking of upgrading, or even downsizing, the still-low Interest Rates and Improving Prices make this a great time to move forward.  Contact Littleton Realtor John Basila today for your confidential consultation.

Although Real Estate conditions in a number of neighborhoods in Littleton improved in 2010, Columbine Hills Real Estate is still languishing.

Sales of Columbine Hills Real Estate improved in 2010, but prices were lower due to the continued impact of foreclosures on the neighborhood. Over the past two years, roughly 23% of the homes sold in Columbine Hills were properties that had been foreclosed upon by Banks and the Goverment.

Of the 10 homes currently for sale in Columbine Hills, three of them are either foreclosures or pre-foreclosure Short Sales.  As long as Columbine Hills continues to have a significant percentage of distressed properties, prices are not expected to improve.

Since 2008, the Price/Square Foot has dropped in Columbine Hills from an average of $140/SF down to $133/SF. 

Columbine Hills Real Estate has hopefully hit the bottom.  Over the next few months, we'll see if the distressed properties percentage declines, which would help improve pricing and offer a return to stabilization.

If you or someone you know in Columbine Hills is on the edge of foreclosure, there are a number of agencies and methods to help you save your home or, at least, save your credit.  Contact Littleton Realtor John Basila for your confidential consultation.

Taking a look at Governor's Ranch Home Sales In 2010, you might become a little optimistic!

Although our Average Price for Sold homes in Governor's Ranch is still seven percent below 2008, this past year has given us a good indication of how our neighborhood has started to improve.

Some of the good news comes from data about Distressed Properties.  These are properties that have gone through foreclosure and were sold by the Bank or the Government.  The number of foreclosed homes in Governor's Ranch has remained steady over the past three years, with three in 2008 and only two in 2009 and two in 2010.

The number of Governor's Ranch Home Sales in 2010 improved, as well.  Although still not as high as the 46 homes sold in 2008, we saw a nice improvement during this past year.

When looking at pricing, the Average Sold price is still lower than the 2008 average of $369,244.  Compared to 2009, however, we're seeing a small improvement in prices.

Since Governor's Ranch hasn't had a significant number of distressed properties, we haven't had to face the consequences of markedly lower prices that have affected neighboring communities.  There is some even better pricing news in terms of Price Per Square Foot.  Governor's Ranch Home Sales in 2010 yielded a higher Price/Square Foot than 2009.  When considering Price/Square Foot for Finished square footage, 2010 was even better than the $134/SF from 2008 or the $128/SF in 2009.

According to the current list of properties for sale in Governor's Ranch, there are currently no Distressed Properties on the market.  This is, hopefully, another indicator that our neighborhood has stabilized.

With this week's Interest Rates still hovering around 5.0%, and prices starting to rebound, now is a perfect time to "trade up" to your dream home.  For a free consultation on your home's value, contact Littleton Realtor John Basila: (303)589-9034 or get your report via email.

Great news for homeowners and potential Buyers - the Littleton, CO Housing Market Is Stable!

Over the past few years, I've talked with many potential Sellers and Buyers about market trends.  No Seller wants to sell at the bottom of the market, and no Buyer wants to miss out on the best deal possible or have their newly purchased home decrease in value.

There are a number of factors combining together to make this a great time to Buy or Sell a home in Littleton.

With the recent tax extension agreement by Congress, the continued sell-off of Treasuries and the improving economy, Interest Rates are beginning to rise.  In the past month, we've seen a significant increase in mortgage rates.  The sub-4.0% days are gone.  There's still time to lock in these low rates, but analysts expect them to continue to rise up near the 5 percent range by the end of 2011.  Still, these are fairly good rates!

Based upon my analysis of recent MLS information from Metrolist, The Littleton, CO Housing Market Is Stable.  All comparisons are YTD 2009 -vs- YTD 2010. The number of homes sold in Littleton, CO is up about 3 percent this year.  Although the newspaper reported a "sensational" drop in the Denver Metro in November of 25% from 2009, take statistics with a grain of salt.  Looking at Year To Date figures, instead of one month, gives us a much broader understanding of what's really going on. 

The Average Days On Market decreased during this same period, from 89 Days to 86 Days.  This means that the average home in Littleton, CO takes less than 90 Days to sell.

Another  bright light in the recent statistics is that Home Prices in Littleton, CO are improving! There are two numbers to consider with pricing.  One is the MEDIAN, the other is the AVERAGE.    Median means half of the homes sold for more than this price and half of the homes sold for less.

The Median Price for a home that sold in Littleton is up 3% over 2009.

The Average price for a home that sold in Littleton is up 7% YTD over 2009!! Although the news outlets might still be hammering on any bad news they find about the housing market, at least you know that the Littleton, CO Housing Market Is Stable.  Heck, I'll even venture to say that our little neck of the woods is improving!!

If you're a Seller that's waiting for the market to improve, or if you're a Buyer trying to get the best price and lowest interest rates, now is a perfect time to act!  Contact your Littleton Realtor, John Basila, for a complimentary "no obligation" consultation on how this might be a great time for you to Buy or Sell your home in Littleton.