Greenwood Village Real Estate Market Report ~ MAY 2009
MAY 2009 ~ Greenwood Village, Arapahoe County, CO
Apr 09
May 09
New Listings
18
20
Pending Sales
19
25
Closed Sales
10
5
Total Active Listings Available
132
141
Average Sales Price
$684,765
$750,000
Median Sales Price
$668,500
$674,900
Average Price per Square Foot
$209
$229
Average Days on Market
142
88
Percent of Original List Price
84%
94%
More houses are currently under contract than the last few months. Typically in the summer "moving season" more houses sell. You usually also see houses selling quicker (less days on market) and for higher price per square foot.
May 09 Average Sales Price in Greenwood Village Feb 06 to May 09 Average Sales Price May 09 Median Sales Price in Greenwood Village Feb 06 to Apr 09 Median Sales Price May 2009 Percent of Original List Price in Greenwood Village
Feb 06 to May 09 Percent of Original List Price
Feb 06 to May 09 Average Days on Market Greenwood Village
Feb 06 to May 09 Average Price per Square Foot Greenwood Village
This Greenwood Village Market Report is brought to you by Rita Burke, Kenna Real Estate. The report is for detached residential single family homes only and may not include all sales activity in the area. This report or any part of it may not be used without permission.
Brian and Rita Burke Kenna Real Estate 303.955.4220 Office 303.710.2609 Brian Direct Homes@kennarealestate.com
*Disclaimer: Data based on information from Metrolist, Inc. for period of 1/1/2006 through 6/01/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area.
Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
The Preserve in Greenwood Village CO Home Sales May 09 The Preserve Real Estate ~ May 2009
The Preserve, Greenwood Village, Arapahoe County, CO
Apr 2009
May 2009
New Listings
5
2
Closed Sales
2
1
Pending Sales
2
2
Average Sales Price
$971,000
$750,000
Median Sales Price
$971,000
$750,000
% of Original List Price
78%
86.7%
Average Days on Market
202
108
Average Price per square foot
$286/sf
$262/sf
Inventory of Active Listings
34
31
Days on Market = total days on market. Number of new listings was not tracked in 2007/08.
The Preserve Homes for Sale/on the market
Houses currently on the market (as of Apr 1st)
31
Lowest Listing Price
$759,900
Highest Listing Price
$8,900,000
Lowest Price per Square Feet
$255/sf
Highest Price per Square Feet
$979/sf
If you are thinking about renting instead of selling your house. ASK us about our leasing and/or property management services.
Closed Sales Mar 06 to May 09 The Preserve, Greenwood Village
Average Sales Price Mar 06 to May 09 The Preserve Greenwood Village
Median Sales Price Mar 06 to May 09 The Preserve Greenwood Village
Percent of Original List Price Received Mar 06 to May 09 The Preserve
Average Days on Market Mar 06 to May 09 The Preserve
Average Price per square foot (above ground square feet, does not include finished basements)
Some of the numbers used in this market watch are for only one month of activity. Therefore they can sometimes look extreme due to the small sample size.
This Greenwood Village Market Neighborhood Real Estate Market Watch is brought to you by Rita Burke, Kenna Real Estate. The report is for detached residential single family homes only and may not include all sales activity in the area. Figures for sold prices used are NET sold price, price after seller concessions or down payment assistance, if they were any. This report or any part of it may not be used without permission.
Brian and Rita Burke 303.955.4220 Office 303.710.2609 Brian Direct Homes@kennarealestate.com
*Disclaimer: Data based on information from Metrolist, Inc. for period of 1/1/2006 through 6/1/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area.
Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
*Disclaimer: Data based on information from Metrolist, Inc. for period of 4/1/2009 through 6/30/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area.
Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
If you would like more information or have any questions you can contact us via e-mail or call Brian Direct 303.710.2609
*Disclaimer: Data based on information from Metrolist, Inc. for period of 3/1/2009 through 6/30/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area.
Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Number of listing over 1 million dollar asking price
24
141
9
If you would like more information or have any questions you can contact us via e-mail or call Brian Direct 303.710.2609
*Disclaimer: Data based on information from Metrolist, Inc. for period of 3/1/2009 through 6/30/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area.
Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
*Disclaimer: Data based on information from Metrolist, Inc. for period of 4/1/2009 through 6/30/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area.
Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
If you would like more information or have any questions you can contact us via e-mail or call Brian Direct 303.710.2609
*Disclaimer: Data based on information from Metrolist, Inc. for period of 3/1/2009 through 6/30/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area.
Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Thinking about putting your house on the market. Interview a few real estate agents. Think of a number. $$$$ signs are flashing in your eyes. "I could get that much for my house?"
Not so fast.
When planning a pricing strategy for your house, the agent will (hopefully) show you recent comparable sales of SIMILAR houses sold in your neighborhood. You may have some upgrades, or a better location than your neighbor, whose house backs to the road etc. (or maybe your house is not up to par with your neighbors). These will be taken into consideration. But there is a fine line to where these improvements or location or lack there of, can take your house - pricing wise. It may not be the number you had in mind. Instead of jumping on the bandwagon of the agent who tells your house can sell for the most and then some...
Wait a second.
Buyer are smart. Buyers agents are smart. More and more recently we, as listing agents, have been asked for comparable sales information from buyers and/or their agents to justify the price. If we can't justify the price, the buyers will move on to the next house. Buyers agents most likely are and should be providing this information to their buyers.
We are on that side of the fence too. As buyers agent we pull up all recent available comps in the area and see instantly where the house sits that the buyer is interested in, often even before the buyer looks at the houses. If we can't find comparable sold houses to justify the price, we will ask the listing agent for that information. The information is then shared with the buyer. The buyer may elect to offer a "reasonable" offer considering the comps or they can decide to forget about it.
When looking at the comps what do you or your agents look for?
Comparable sold homes no more than 6 months back. Many appraisers look at comps only 3 months back (if there is enough sales activity).
Comparable homes SIMILAR to yours - if you have a Ranch style home - look for comparables that are RANCH STYLE too, if none are available adjustment can be made.
Comparable sales in your neighborhood or as close as possible - this depends on how many sales there are in your neighborhood - the closer the better.
General market trends in your neighborhood - is your neighborhood cluttered with short sales and bank owned homes? That may become a factor in pricing your home.
Other active - on the market houses comparable to yours nearby. Where are they priced at? Higher than you are planning to price your house? Lower? If you are planning to price your house higher than comparable SIMILAR homes around - Show me the value? Buyers see value when a house is priced competitively (or lower than competition) and has more to offer than the other similar houses in the neighborhood. (a post to follow shortly about this). If your house is priced too high and you happen to stumble upon a buyer who is willing to pay for it - with a loan - your house may not appraise! And the buyer can walk. Buyer's agents will advice their buyers to get an appraisal, even if paying cash, and in the contract (most likely) they would have written - conditional based on appraisal. If it doesn't appraise - the buyer doesn't have to buy.
Your agent's and your goal should be and probably is to sell your house for the most possible money, maybe even as fast as possible. What that price is - is what an able and willing (and knowledgeable) buyer is willing to pay for your house.
Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Where are a few of the larger subdivisions located on a map in Lone Tree CO. Carriage Club Heritage Hills Heritage Estates
Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied. *Data based on information from Metrolist, Inc. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed.
Carriage Club subdivision in Lone Tree (zip code 80124) consists of approx. 430 residential single family homes. Surrounding much of the community is large open space with trails and paths for hiking, biking or just for a leisurely walk. A playground is centrally located within the community. A section of the community is called Carriage Club Estates. Carriage club also has their own Home Owner's Association.
Carriage Club Real Estate Home prices range from $300,000+ to just under one million dollars. Most of the homes are 2-story custom homes, with a few ranch style homes in between.Approx. 15-20 houses are for sale at a time. 24 houses sold in 2008 for an average price per square foot of $169/sq ft.
Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied. *Data based on information from Metrolist, Inc. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed.
Info, news, market stats, photos and other tidbits about Highlands Ranch, Lone Tree, Douglas County, Denver Luxury Homes and Highlands Ranch Real Estate.
DISCLAIMER: We, Kenna Real Estate must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to this Kenna Real Estate blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions and views expressed in these articles are those of the author.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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