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Lone Tree CO Real Estate - Quarterly Report Q3 - 08 - $700,000 to 1 million

Real Estate Broker/Owner with Kenna Real Estate ER40035749

November 19, 2008 04:10 PM

Lone Tree CO Real Estate Report - Q4 2007 to Q3 2008

This report is for homes in Lone Tree CO that sold in the price range from $700,000 to one million.
In the third quarter of 2008 you can see slight decline on all categories listed. The homes in Lone Tree were spending more time on the market on average and the average price per square foot has declined..

Quarterly Numbers 4th quarter 2007 - 3rd quarter 2008

	Q4	Q1	Q2	Q3
Days on Market (DOM)	152	248	185	205
DOM range - low to high	14-425	39-465	8-365	40-456
% Difference List vs. Sold	86.3%	88.6%	88.4%	87.6%
% difference - low to high	69.3-96.6%	73.6-100%	76-98.6%	73.2-95.6%
Average Price/square foot	$221	$227	$220	$209
price/sf - low to high	$181-$253	$198-$275	$178-$273	$178-$273

What kind of houses can you buy for 70% of the listing price? The ones that have been on the market for a long time. The percentage is from the original list price, which could have been much higher than estimated market value. After several hundred days on the market, the originally overpriced home/s are finally at or below market value.
Which homes sell for full price or near full price? The homes that are priced correctly. There are other factors that are important as well, such as condition and location of the home, etc.

Here is a comparison of Q3 2008 to Oct 2008

	Q3	Oct 2008
# of Homes SOLD	5	1
Average Days on Market (DOM)	205	36
Range DOM - low to high	40 to 456	36
Average Price per Square Foot	$209/sf	$272
Price range: price/square foot - low to high	$170-$263	$272
% of original list price to net sold price	87.6%	95.1%
% of original list price to net sold price - low to high	73.2-95.6%	95.1%

To find out more about buying or selling a home in Lone Tree CO contact Brian Burke directly via e-mail Brian@kennarealestate.com or 303.710.2609 at your convenience. You can also find more information about SELLING YOUR HOME in LONE TREE by Clicking HERE.

HOMES CURRENTLY ON THE MARKET IN LONE TREE CO, CLICK ON BUTTON

Contact Kenna and CO. Broker Brian Burke Denver CO Luxury Real Estate, via e-mail or by phone to inquire about selling or buying a home in Lone Tree.
Brian direct number 303.710.2609. Brian@KennaRealEstate.com

Other Market Reports:

Lone Tree CO Luxury Real Estate - Quarterly Report Q3 - 08

Greenwood Village CO Luxury Homes Oct 08

Cherry Hills Village CO Homes Oct 08

Heritage Hills Lone Tree CO Homes Oct 08

Heritage Estates Lone Tree CO Luxury Homes Oct 08

Carriage Club Lone Tree CO Homes Market Report Oct 08

Weatherstone Highlands Ranch CO Homes Market Report Oct 08

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*Disclaimer: Data based on information from Metrolist, Inc. for period of 10/1/2007 through 11/17/2008. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. "The astrisked(*) properties were listed and/or sold by other companies. Information is deemed reliable but not guaranteed.

Disclaimer: Kenna and Co. Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied. Blog posts on the Kenna and Co. Blog represent the opinions and ideas of the author(s). Kenna and Co. Blog does not express the views of Kenna and Co. or those of the broker.