Wondering how the market is doing in The Conservatory? Each month I do the statistics 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 Denver International Airport. Grocery shopping and many dining options and plentiful retail therapy is 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 restaurants, a hotel, Farmers Market in the Summer along with concerts and many service providers.
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 1,412 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 approximately 1,400 homes in this neighborhood.
The Current Market
6 active listing ranging from $385,000 to $498,000
19 average days on market
You can find the current Active Homes for Sale in The Conservatory here
16 homes currently are Under Contract ranging from $359,900 to $499,900
Average days on market are 5 days
You can see by the VERY FEW days on market, the inventory is going quickly once a home hits the market.
What happened in April 2017?
7 homes SOLD ranging from $345,000 to $447,500 (last month was 7 also)
These homes were on the market for only 6 days (last month was only 4 days)
Sellers saw 100.29% to list price (last month was 101.19%
Comparing the market to last month, inventory remained the same, and so did the sales. The average sales price did increase from $390,000 to $400,000, and days on market increased, but very slightly.
We are seeing inventory increasing across the City, which will make it a bit easier for the Buyers. Many homes are going on the market around end of the week, and by Monday are under contract.
Are we in a housing bubble? Economists around Denver are saying all the factors say NO. The unemployment rate is very good, and significantly lower than the national average. Supply and demand continue to remain strong and we are see 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.
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