Real Estate Information Archive

While you may have heard or read that the Denver Real Estate Market is not much to get excited about, there are some niches that are performing well.

The Littleton Luxury Home Market Is Improving ! 

Through September 30th, sales of Littleton Luxury Homes (valued at $1 Million+) have outperformed the last two years  of sales - combined!   So far in 2011, the sales volume has topped $46 Million -- the equivalent of the total sales volume from 2009 and 2010.

The number of Littleton Luxury Homes sold through September 30th is also at a high with respect to the past few years.  So far in 2011, 28 Littleton Luxury Homes have been sold, which is higher than the number sold in 2008, 2009 or 2010.  And we still have another Quarter to go!!

A good reason for the improvement in the Littleton Luxury Home Market is that it is truly a Buyer's Market.  With 40 Active Littleton Luxury Homes on the market to choose from, and an average of three being sold each month, our Absorption Rate shows us that we have up to 13 Months of Inventory.  This has led to a softening of prices, allowing move-up Buyers to get a great deal on their Dream Home.  So far this year, the average Littleton Luxury Homes Buyer has been able to save an extra 6-1/2 % when compared to the averages over the past three years.

The Littleton Luxury Home Market Is Improving, thanks to the depth of inventory and the cost savings available in this Buyer's Market.  Another incentive is the extremely low rate for Jumbo Loans -- as low as 4.625% last week!

If you or someone you know is interested in finding their Dream Home at a Dream Price, contact Littleton Realtor John Basila today:  (303)589-9034

In 2010, Ken Caryl Valley Real Estate showed some improvement.  Although it wasn't a banner year, the modest improvements we see might be indicative of even better results in 2011.

Overall, the number of homes sold in the Ken Caryl Valley had their best performance in a few years.

The not-so-bright news is that the Average Sold Price declined a little in 2010.

I believe that this decline in Average Price from 2009 is the result of a few foreclosures that were sold in 2010.  Ken Caryl Valley Real Estate hasn't been as affected by foreclosures as other Littleton neighborhoods have been over the past few years.  In 2010, there were three foreclosed properties sold.  All three sold for under $550,000, which affected the Average Price.  If we look at the Median Price, a value at which half of the homes sold for more than the value and half of the homes sold for less than the value, we actually see some improvement in pricing.

As I mentioned in a previous blog post about Littleton Luxury Homes, there are signs that higher end real estate is improving in our part of Denver. 

When reviewing the current 32 Ken Caryl Valley Homes For Sale, there are no "distressed" properties on the market.  This might also be a positive sign for Sellers that prices will continue to improve.

However, with 32 homes on the market, and an average of six homes sold per month, there is currently a 5-Month Supply of homes.  This is indicative of a Buyer's market.  If you've been dreaming of moving to the Ken Caryl Valley, now might be a perfect time to get the best price on your dream home.  Contact Littleton Realtor John Basila for your confidential consultation.

2010 brought us some signs of improvement in Ken Caryl Valley Real Estate.  Let's hope that 2011 is a banner year!

There are signs that life is returning to normal as Littleton Luxury Home Sales Improve In 2010.

After a dismal year in 2009, the number of sales of Littleton Luxury Homes improved significantly in 2010.  Although not quite at their levels from 2008, this past year's sales figures indicate that the market is coming back.

For the first time in a number of years, there were a few Distressed Properties included in these sales.  Three of the 22 Littleton Luxury Homes sold in 2010 were foreclosed properties.  As you can guess, this had a slight downward effect upon the average sales price.

Littleton Luxury Home Sales Improve In 2010 in terms of the length of time that properties have had to sit on the market awaiting sale.  The sales statistics for 2010 show that the average Days On Market (DOM) returned to 2008 levels.

There are currently 48 Littleton Luxury Homes ($1Million+) available on the market.  Of these, eight are Distressed Sales, which means they are either Bank/Government-Owned or are in the process of attempting to secure a Short Sale.  View Littleton Luxury Homes For Sale

With Interest Rates for Jumbo Loans still very reasonable, and prices beginning to rise, now is a perfect time to take advantage of market conditions and purchase your dream home.

If you're interested in Selling your Littleton Luxury Home, contact John Basila for a personal consultation: (303)589-9034