Tollgate Crossing is a beautiful neighborhood of single-family homes that were started by DR Horton that is conveniently located 30 minutes outside of Downtown Denver and is an easy commute to DIA. You will also now find Oakwood Homes & Antero Homes building in Tollgate Crossing. With many pocket parks throughout the neighborhood, it's not uncommon to see neighborhood families with kids playing and enjoying the Colorado weather. Living in Tollgate Crossing you have retail outlets at Southlands Mall, retail and hospitals close but don't have the traffic you would expect in Denver. Homes in this neighborhood were built from 2004-2019. This neighborhood is located in the Cherry Creek School District. You will find this neighborhood in the zip code of 80016. Currently, there are 1,024 homes, and more being built by Oakwood Homes and Antero Homes.
Today let's take a look at how the market has fared in August 2019. We saw a dramatic dip in sales, showing 4 fewer sales from last month, but showed an increase (of one) from one year ago. (2018 saw 4 sales this month) Also with a lot of new construction available, buyers are opting for the new build versus a resale home. Who doesn't love the wonderful smell of a brand new home?
Sales - August 2019
Total Sold - 5 ranging in price from $300,000 to $550,000
Days on Market - 26 days (last month saw 17 days)
Average Sales Price - $436,000 (last month was $445,500)
Sales Price to Sold Price - 100% (last month was 98.06%)
This home is currently for sale - photo courtesy of REColorado
Currently, you will find the following actives and under contracts in Tollgate Crossing -
Actives - 11 priced from $402,900 to $527,900
Days on Market - 105 days
These homes were built from 2004 to 2019
The longer days on market are showing for the homes under construction (you can see the difference when looking at SOLDS or under contracts)
Under Contracts - 5 ranging from $400,000 to $475,000
Current average days on market for homes under contract are 34 days
SELLERS - The Denver metro area market has shifted a bit, and now seeing homes on the market longer than we have for the past several years. I have sold many homes where the Seller was able to see a much higher price than they ever expected. Please visit my web site to view properties available in the Denver metro area, or how I can be effective in selling your home.