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Neighborhood of The Conservatory - Sellers are Seeing 108.2% to List Price

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

 

The Neighborhood of  The Conservatory  can be found North of Hampden and between E-470 and Halifax is Aurora CO  80013.    It is very popular with newer homes and homeowners show pride of ownership.

  

Homes in The Conservatory have basements, some are finished, some have mountain views, and were built from 2002 to 2016.  There are ranch models along with two-story and multi-level homes ranging in square footage from 1,387 to almost 3,000 above ground, all with basements.  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 Conservatory has been desirable to buyers with its several pocket parks, trails for hiking or walking the dog, it is a pool community, and easy access to C-470 and Denver International Airport or Buckley Air Force Base.   Grocery shopping and many dining options and plentiful retail therapy are within ten minutes.  Southlands Shopping Center is off C-470 and Smoky Hill Road offering not only shopping but a 16-screen movie theater, many dining options, a hotel, Farmers Market in the Summer along with outdoor concerts, and many service providers.

 

Search for homes for sale in The Conservatory here - 

 Active Homes for Sale in The Conservatory

 

What happened in March 2022?

7 homes sold priced from $615,000 to $750,000  (3 last month)

These homes were on the market for an average of 7 days Median was 5 days (last month was 18 days) 

The average sales price was $718,000  (last month was $665,000)

Sellers saw 108.2% to list price  (last month was 105.75%) 

 

At the time of this post, there are two active homes for sale (both by a bulk buyer), 6 pending with only 6 days on market, but most went pending in 1 or 2 days.   We are seeing more price reductions and homes returning to market over the last 3 weeks.

 

 

Here is what all of 2021 looked like - 

Total Sales - 112 sales (92 in previous year)

Average Days on Market - 7 days (17 in previous year)

Average Sold Price $565,500 ($455,500 in previous year)

Sellers saw 102.73% sales price to list price (100% in previous year)

 

 

 

  

 

 

Are we in a housing bubble?   Economists around Denver are saying all the factors say NO.  The unemployment rate has bounced around with COVID, but now the numbers are way down.   Supply and demand continue to remain strong and we are seeing an influx of new residents coming into Denver looking for housing.

  

 

 

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. 

 

Posted by

Joan Cox
Broker/Owner, REALTOR®
House to Home, Inc.

Serving the Denver Metro area including all suburbs


Helping Buyers and Sellers achieve their real estate dreams, one house at a time!

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Comments (8)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Joan Cox  Beautiful Post on The Conservatory  Buyers and sellers would be wise to call you for more information 

Apr 19, 2022 12:43 PM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

8.2% above list price is remarkable.  I am thinking back about what we have seen here in Elk Grove.  I think we have been 5% above or so.  Thank you for your update!

Apr 19, 2022 01:36 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Great info Joan...I think we're seeing similar numbers in our market in SoCal!

 

 

 

Apr 19, 2022 08:04 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Joan... 108+% list to sell ratio is bananas! I wonder how much longer this might last with increasing interest rates.

Apr 20, 2022 06:10 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It is a beautiful community Hannah!

Apr 20, 2022 06:42 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ray, it is shocking to see over 8% over list price, but 5% is too!

Apr 20, 2022 06:42 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lynda Eisenmann I was hoping you were busy, thanks for stopping by!

Apr 20, 2022 06:43 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina Hollander, Broker I think it was around the end of March when it was obvious Denver saw a bit of a shift.   I will look forward to seeing the numbers for April.

Apr 20, 2022 06:44 AM