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Firelight in Highlands Ranch did the Dam Break? An optimistic Market Update

By
Real Estate Agent with 8Z Real Estate

Firelight in Highlands Ranch, Colorado.  Yesterday I gave an overall summary of recent market activity in Highlands Ranch and Today I want to focus on Firelight.  Firelight is a terrific community in South Highlands Ranch with many great features including fast access to the new Southridge Rec Center, http://www.hrcaonline.org/Fac_Southridge.asp  which is loaded with amenities, great public schools within the Douglas County School District: http://www.dcsdk12.org/portal/page/portal/DCSD including:

Mountain Vista High School - grades 9 - 12   boundary map  MountainVistaHighSchool                          Mountain Vista High School Feeder Doc Size: 238.50 KB

Mountain Ridge Middle School - grades 7 - 8 see the boundary map                     Mountain Ridge Middle School Doc Size: 331.10 KB  

Copper Mesa Elementary School - grades K - 6,  see the boundary map                 Copper Mesa Elementary Doc Size: 131.74 KB  

Heritage Elementary School - grades K - 6, see the boundary map                          Heritage Elementary Doc Size: 160.43 KB    

I'm a big fan of Firelight and the roughly 1,850 homes and active listings ranging from $259k to $799,999 as of October 2, 2007. Homebuilders include Beazer, Berkeley, Joyce, Richmond, Ryland, and Shea Homes.

This evening as I review the market in Firelight I'm pleased to announce that the results from September are fairly promising.  We had nine closings in Firelight in September ranging from $249,900 up to 572,000.  And although one of the new listings to Firelight contracted very fast (7 days) the average is now 57 Days on Market (DOM) and the average closed price to list price is a reduction of 2.11%.

There are two new listings this week: A Richmond Flatiron backing the open space that leads to the Rec Center at $598,500 and a Beazer Bradbury for $588,000. 

Four new under contracts in the last week so here's how Firelight's inventory looks overall:

42 homes for sale ranging from $259,000 up to $799,999.  For a closer analysis of the market conditions or to schedule a showing of any of the 42 homes for sale please logon to http://www.myhomebuyingresource.com/

Comments(1)

Anonymous
Adrienne Adams
That is encouraging, especially with only a rough 2% asking vs. sold price.  Thanks for the info and keep it coming!
Oct 04, 2007 04:00 AM
#1