Highlands Ranch and Lone Tree Real Estate

Market Report June 2008

The Real Estate Market in Douglas County (area designation DHL*) fared better than many other areas of Denver, when looking at the statistics gathered last month (June 2008).

However, when compared to last June (2007) the number of homes sold and number of new listings on the market are down.

There is good news! The Highlands Ranch and Lone Tree homes for sale average 67 days on the market and it is holding steady. This is much better than many other metro Denver areas. In addition, homes under $300,000 are selling extremely well. The absorption rate for homes under $300,000 is 1.79. What this means is that at current rate of home sales it would take only 1.79 months to sell the inventory of homes. Absorption rate of 1-4 is considered a sellers market, 4-6 is neutral and 6 and above is buyers market.

Number of Homes sold in June 2008 versus number of home currently on the market for sale

The majority of homes - 74% - sold in Highlands Ranch and Lone Tree in June were from $200,000 to $300,000

What does this all mean? Well, it means that if you have a home in the above price range, and you are considering selling, this would be a great time to do so! Also, Buyers - there are still great deals out there! Need some help locating them? - give us a call. 303.710.2609 - Brian Burke Direct.

* Areas of Douglas county included in DHL designation are Littleton Real Estate (80124 and 80130), Highlands Ranch Real Estate (80126, 80129, 80130) and Lone Tree Real Estate (80124).

Based on whole or part on data from Metrolist. Information is deemed reliable but is not guaranteed. Data may not reflect all real estate activity in the market.

Contact Kenna & Co. Real Estate 303.955.4220 to list your home for sale or to purchase a home in the Metro Denver Area, including Douglas County, Highlands Ranch, Lone Tree, Littleton and Parker. Your referrals are always welcomed and appreciated. Kenna & Co. 1480 West Canal Court, Littleton, CO 80120