Lone Tree, CO - LONE TREE REAL ESTATE & HOMES SALES NUMBERS FROM FEBRUARY 2008
REAL ESTATE MARKET ACTIVITY REPORT - SINGLE FAMILY HOMES
Lone Tree is located in northern Douglas County, CO and has an extremely desirable location to many due to its close proximity to several area business centers such as the DTC and Meridian. And because it resides in very close proximity to the crossing of I25 and C470, commuting to downtown Denver (by car or light rail) and out to the Lockheed plant is a breeze as well. With that said, there is activity in Lone Tree, and I have seen increased activity across the metro area.
There is new home construction in Lone Tree, which provides added competition to resale home sellers as well as to the builders themselves which will continue to help the market throughout the year. Note - these numbers are based on the MLS figures which generally do not include new home sales.
Here are numbers for February 2008 regarding the real estate activity in Lone Tree, Colorado as of March 1st, 2008.
On March 1, there were 85 Active Listings in Lone Tree.
Of those homes for sale in Lone Tree, 17 were new listings.
17 homes for sale in Lone Tree went Under Contract in February - which is up from January and 5 homes sold & closed.
Single Family Homes in Lone Tree do contain quite a wide of price availability - Active Listings in Lone Tree ranged in February from $305,000 to $3,940,000.
As of March 1st, there is a 5 month supply of real estate inventory available for sale in Lone Tree. This number is down quite a bit from January - reflecting the increase of home buyers and activity in February. I do believe we will see this trend in Lone Tree continue into March and April as long as home sellers continue to heed the advice of their REALTORS and have their homes in great condition, at the right price.
*Statistics from MLS deemed accurate but not guaranteed.
*These numbers may not include FSBO and New Construction.
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Steve Scheer, RE/MAX Masters, Inc.
Denver Real Estate
You can read more about local activities and local real estate on Real Estate in Denver and the Suburbs.
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