Real Estate 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.

There are signs that life is returning to normal as Littleton Luxury Home Sales Improve In 2010.

After a dismal year in 2009, the number of sales of Littleton Luxury Homes improved significantly in 2010.  Although not quite at their levels from 2008, this past year's sales figures indicate that the market is coming back.

For the first time in a number of years, there were a few Distressed Properties included in these sales.  Three of the 22 Littleton Luxury Homes sold in 2010 were foreclosed properties.  As you can guess, this had a slight downward effect upon the average sales price.

Littleton Luxury Home Sales Improve In 2010 in terms of the length of time that properties have had to sit on the market awaiting sale.  The sales statistics for 2010 show that the average Days On Market (DOM) returned to 2008 levels.

There are currently 48 Littleton Luxury Homes ($1Million+) available on the market.  Of these, eight are Distressed Sales, which means they are either Bank/Government-Owned or are in the process of attempting to secure a Short Sale.  View Littleton Luxury Homes For Sale

With Interest Rates for Jumbo Loans still very reasonable, and prices beginning to rise, now is a perfect time to take advantage of market conditions and purchase your dream home.

If you're interested in Selling your Littleton Luxury Home, contact John Basila for a personal consultation: (303)589-9034

As the year comes to a close, it's a perfect time to provide an update on Columbine West Home Sales in 2010.

This past year was actually a good year for Sellers & Buyers in Columbine West, an active community in Littleton, CO.  Since 2007, there have been an average of 4 homes sold each month in Columbine West.  There were 10% More Columbine West Home Sales in 2010 than in an average year.

I wish that I could confirm that prices improved, but there are a number of factors that play into pricing.   On one hand, the average Net Sold price dropped a little in 2010 from last year.  However, compared to 2008 when we had the most Foreclosures in the neighborhood, the Average Sales Price performed as expected.

The good news for Columbine West Home Sales in 2010 is in looking at an apples to apples comparison over the past few years.  The average Cost Per Square Foot has remained fairly stable, and the Cost Per Square Foot (Finished) has improved.

This means that, even with the impact of Foreclosures and Short Sales on the neighborhood, prices have leveled off.  This is good news for Sellers and for those that have recently purchased a home in Columbine West. 

If you're interested in Selling or Buying a Columbine West home, visit columbinewesthomes.com for updates on local properties, as well as photos and videos of the neighborhood.

As your Littleton Realtor and neighbor, I look forward to helping you Buy or Sell your next home.  My Sellers "Net" 99.5% of their asking price - which is way above the 97% average in Columbine West.  My Buyers enjoy my high-quality service no matter how expensive/inexpensive their price range is.  And, all of my clients benefit from my strong negotiation skills!

Although I specialize in Littleton Real Estate and Denver Luxury Homes, it is my pleasure to sell homes throughout the Denver Metro.  Call today for your free consultation:  (303)589-9034

If you're looking for something different to do in Denver, tonight's "Charles Dickens Candlelight Christmas Tour" at the Molly Brown House might be just the ticket!  Runs 6p-7p tonight, and also at 5p/6p/7p Saturday.

They'll be reading some excerpts from "A Christmas Carol", teaching about the Brown's happiest Christmas, and serving cookies and cider on Mrs. Brown's Third Floor. 

Costs are $16, $13 for members, seniors and children.  You can make reservations at http://www.mollybrown.org   

It's been an exciting few weeks, and things are looking even brighter.  Motivated Denver Home Buyers Are Here!

This week, believe it or not, the 30-Year Fixed Mortgage Rate jumped above 5%...  This is still a great rate, historically speaking, but it's also a strong indication of things to come.  Many analysts didn't expect to be above 5% until 2011.  Since there's still time to get in on historically low interest rates, a lot of my Buyers that have been on the sidelines are getting motivated.

If you're a Seller, you can likely expect a lot more action in the next month or two as compared to the typical Dec-Jan-Feb activity.  With less competition during this time of year and improving prices, this might be a great time to sell your home and still be able to get a great deal on your next home, while taking advantage of the low interest rates!  Who knows where interest rates will be in April?

Motivated Denver Home Buyers are here to take advantage of the opportunity to get the best value on their next home and lock-in their interest rates at the best level they can.  If you or someone you know have been waiting for the "bottom" of the market, I believe that time has passed.  But you still have time to get into the market well below its former peak.

Are you a Motivated Denver Home Buyer?  Contact Denver/Littleton Realtor John Basila for a complimentary consultation on the best ways to achieve your real estate goals for the coming year.

Whether I'm acting as a Buyer's Agent or a Seller's Agent, I always stress the value of a Home Warranty with my clients.

From a Seller's perspective, there are a number of reasons why it's important to provide a Home Warranty to your Buyers.  Not only will it eliminate the vast majority of home inspection issues, but it will also cover basic systems while your home is on the market.  It's almost like Murphy's Law in the sense that, as soon as the sign goes in the yard, something in the house will need repair.  For roughly $300, Sellers can sleep comfortably at night knowing that they're protected should a major system fail.

Another great feature for the Seller is that the Home Warranty can be paid at Closing.  For Sellers, the value of a Home Warranty is unquestionable.

For Buyers, the value of a Home Warranty is just as important.  The last thing you want to happen after you sink most of your available cash into a home is for a major system like the furnace or hot water heater to fail.

Buyers also have the ability to "upgrade" Home Warranties to cover additional items like air conditioners and refrigerators.

When you're planning to Buy or Sell a home, be sure to include a Home Warranty.  Your peace of mind never came so cheaply!

When I meet with my Sellers to earn their Listings, one of the most important topics we discuss is Pricing Your Home To Sell.

Let's face it - we're not in a booming market...surprise, surprise...  If you purchased your home at fair market value in the past five years with less than 20% down, or if you refinanced and took out some equity (cash), you're probably on the edge of breaking even, or worse, if you must sell your home today.

If you must sell, it can be an akward discussion that we have.  Nobody wants to bring money to the table, but if you want to sell your home and move forward, it's all about Pricing Your Home To Sell.

This week, I received a report, 88 pages long, of properties that have received a Notice of Election and Demand - which is a notice from the County that your Lender has started the Foreclosure process on your property.  That's 614 properties just this week.  These properties will be hitting the market in Spring if the Borrowers' deficiencies aren't satisfied.  If your home is on the market, you'll have some serious competition because they'll be offered at below market value prices.  But, they probably won't be as nice as yours...

It's funny to me, now, that a lot of Real Estate Agents will specifically state in the MLS that the property they're marketing is a "Normal Sale".  A few years ago, who would have thought that would be a selling point!!

If my Sellers are close to the edge, they'll often want to price their home so they won't need to bring money to the table.  If they attempt to do this, I must express two key consequences of this action:

    Buyers who can afford their home will not see it in their searches

    Buyers will compare their home to much better homes

The key to Pricing Your Home To Sell is to list it at a price at which it will sell.  It might cost you a few dollars, but at least it will sell.  If you overprice it, you will get few showings and will likely not receive any offers.  And your home will sit on the market day after day, after day, after day.

If you're on the edge or you know someone who is, have them contact Denver Realtor John Basila.  Pricing Your Home To Sell is one of the most important aspects of selling a home in today's market.