The Conservatory - Aurora, CO - Market Update May 2019

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

 

 

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, number of homes sold and how the home values are doing.  This is how you stay on top of a market shift.  Below you will find the update for this month and what is currently available.

  

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.  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.

 

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 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.

 

The Current Market

9 active listings prices ranging from $425,000 to $525,000 

25 average days on market

You can find the current Active Homes for Sale in The Conservatory

 

11 homes currently are Under Contract priced at $400,000 and $568,500

Average days on market are 14 days

 

As we are finally seeing bits and pieces of spring, the  Buyers are out looking AND BUYING homes, and now seeing days on market decreasing significantly in some neighborhoods.

  

 

What happened in May 2019?

16 homes sold priced from $330,000 to $550,000

These homes were on the market for an average of 14 days

The average sales price was $488,000

Sellers saw 100% to list price 

 

 

Here is what all of 2018 looked like - 

Total Sales - 90 sales (104 in previous year)

Average Days on Market - 16 days (9 in previous year)

Average Sold Price $425,000 ($402,500 in previous year)

Sellers saw 100% 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 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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Rainmaker
2,741,704
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

When anyone wants to know what is going on in the Conservatory, it would be wise to reach out to you!

Jun 20, 2019 07:14 AM #1
Rainmaker
3,315,304
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Joan... 100% to list price is certainly nothing to sneeze at... shows the strength of the market in the Conservancy.

Jun 20, 2019 07:42 AM #2
Rainmaker
3,507,152
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Joan - your regular market updates for The Conservatory are a terrific way for prospective buyers and potential sellers to stay informed with recent news in the neighborhood.  This type of in-depth information is invaluable.

Jun 20, 2019 10:07 AM #3
Rainmaker
4,231,706
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian, thank you, and I agree!

Jun 20, 2019 10:47 AM #4
Rainmaker
4,231,706
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, it has been at 100% for quite some time now.

Jun 20, 2019 10:48 AM #5
Rainmaker
4,231,706
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, thank you so much.

Jun 20, 2019 10:48 AM #6
Rainmaker
1,419,856
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Looks like not too much to talk about Joan. If you want a home you better hurry and get Joan Cox to show it and put in an offer!

Jun 20, 2019 11:18 AM #7
Rainmaker
4,231,706
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, that is the truth, homes aren't on the market long!

Jun 20, 2019 05:16 PM #8
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Rainmaker
4,231,706

Joan Cox

Denver Real Estate - Selling One Home at a Time
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