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

7824 S Cody St  Littleton, CO  80128      $274,900

This Bright & Spacious Bi-Level home in Fairview Heights boasts 4 Bedrooms & 3 Baths, and a HUGE Lot with views!!

There are multiple Skylights and Vaulted Ceilings that add to the bright and spacious feel of this home.

This 2,506 Sq. Ft Littleton Home For Sale has tons of space, plenty of storage room, and even a "bonus" room next to the Laundry.

Step outside on the multiple balconies or patios to enjoy a .29 Acre lot that backs up to vacant land.  The views are fantastic!  There's also room for your RV/Boat/Camper next to the oversized 2-Car Garage. 

Contact Littleton Realtor John Basila for your private showing.  

Taking a look at Governor's Ranch Home Sales In 2010, you might become a little optimistic!

Although our Average Price for Sold homes in Governor's Ranch is still seven percent below 2008, this past year has given us a good indication of how our neighborhood has started to improve.

Some of the good news comes from data about Distressed Properties.  These are properties that have gone through foreclosure and were sold by the Bank or the Government.  The number of foreclosed homes in Governor's Ranch has remained steady over the past three years, with three in 2008 and only two in 2009 and two in 2010.

The number of Governor's Ranch Home Sales in 2010 improved, as well.  Although still not as high as the 46 homes sold in 2008, we saw a nice improvement during this past year.

When looking at pricing, the Average Sold price is still lower than the 2008 average of $369,244.  Compared to 2009, however, we're seeing a small improvement in prices.

Since Governor's Ranch hasn't had a significant number of distressed properties, we haven't had to face the consequences of markedly lower prices that have affected neighboring communities.  There is some even better pricing news in terms of Price Per Square Foot.  Governor's Ranch Home Sales in 2010 yielded a higher Price/Square Foot than 2009.  When considering Price/Square Foot for Finished square footage, 2010 was even better than the $134/SF from 2008 or the $128/SF in 2009.

According to the current list of properties for sale in Governor's Ranch, there are currently no Distressed Properties on the market.  This is, hopefully, another indicator that our neighborhood has stabilized.

With this week's Interest Rates still hovering around 5.0%, and prices starting to rebound, now is a perfect time to "trade up" to your dream home.  For a free consultation on your home's value, contact Littleton Realtor John Basila: (303)589-9034 or get your report via email.