Wondering how the market is doing in The Conservatory?Each month I do the stats for this neighborhood to see how long homes are on the market, and how the home values are doing. Below you will find the update for this month and what is currently available.
You will find this neighborhood located North of Hampden between C-470 and Tower Road in South Aurora 80013. The Conservatory has been desirable to buyers with its newer construction homes, several pocket parks, trails for hiking or walking the dog, being a pool community, and easy access to C-470 and DIA. Grocery shopping, restaurants and plentiful retail therapy within 10 minutes. Southlands Shopping Center, is off C-470 and Smoky Hill Road offering not only shopping, but a 16 screen movie theater, many restaurants, a hotel, a Farmers Market in the summer and service providers.
Homes in The Conservatory have basements, some are finished, some have mountain views and were built from 2002-2016. There are ranch models along with two story and multi-level homes ranging in square footage from 1,412 to almost 3,000 above ground. DR Horton/Continental was the original builder, but now Richmond, Standard Pacific and Carpace have homes in this neighborhood also. There are approximately 1,400 homes in this neighborhood.
The Current Inventory
5 Active properties ranging from $349,985 to $514,900
6 Average Days on Market
See these Conservatory Homes for Sale
10 Homes current Under Contract ranging from $334,900 to $449,900
Average days on market - 7 days
You can see by the VERY FEW days on market, our low inventory is seriously affecting our current market!
What happened in the market February 2017?
6 Homes SOLD ranging from $370,000 to $455,450
Sellers saw 8 average days on market
Sellers saw 100% to list price
Comparing February to the previous month, sales increased slightly from 5 to 6 sales, with days on market decreasing dramatically. Weather in February was very spring-like and gave buyers a sense of an early spring buying market. Just as last year, we are seeing homes going on just before the weekend, and under contract by Sunday or Monday.
Are we in a housing bubble? Economists around Denver are saying all the factors say NO. The unemployment rate is very good (below national average), supply and demand continue to remain strong, and we are seeing many coming into Denver looking for housing (rental and purchase).
If you are interested in homes for sale in The Conservatory, or would like to discuss your options to sell, please give me a call. I live and work in the Aurora area, and am an experienced REALTOR in this strong Seller's market.
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