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Displaying blog entries 11-18 of 18

What Could It Hurt To Overprice Your Columbine West Home?

by John Basila

Over the years, many of my Sellers have wanted to price their home for sale above what I would deem their "Fair Market Value".  As a Professional, it is always my advice to price your home correctly from the start, instead of "testing the market" at a higher price and then, after few showings and no offers, having to lower the price to a more realistic amount.

In 2019, Columbine West Real Estate offered a compelling argument for pricing correctly from the start.

Last year, Littleton Real Estate sales provided Sellers with an average of 97.8% of their Original List Price.  Columbine West Real Estate sales averaged 98.9%.  These are averages for all sales of Single Family Residences in Littleton and Columbine West.

With the Average Days On Market being 6 Days in Columbine West in 2019, you can say we have a pretty healthy real estate market!  But what happens if you "Overprice"??

There were 24 homes sold in Columbine West in 2019 that took 18+ Days to sell.  That's not so bad if you're not in a hurry.  And the highest price homes typically take longer to sell, even in this market.  However, there are issues that can come up in the mind of Buyers, ranging from "What's wrong with it" to recognition that the Listing is overpriced and that the Seller might not be realistic when negotiating.

These Columbine West homes that took triple (or more) the time to sell ended up cutting their prices in the end.  The average reduction was 3% (- $12K+) when the sales finally went through.

Price Reductions and Days on Market in Columbine West 2019

Although it's still a "Seller's Market", it's best to price your home correctly from the beginning.  Currently, there are 0 homes for sale in Columbine WestColumbine West Real Estate normally has 8 home sales per month.  If you're thinking of Selling, now is the time to beat the Spring competition and get Top Dollar for your house!

For a Complimentary Market Analysis of your home's value, contact Realtor® John Basila at (303)589-9034 or email John at columbinerealtor@gmail.com

John Basila has been a Resident of Columbine West since 2001, and has the experience and marketing savvy it takes to sell your house for Top Dollar in today's market.

Columbine West Real Estate Update

by John Basila

Columbine West Real Estate had another "Banner Year" in 2019.  Columbine West tends to have an average of 80 home sales per year.  With 89 sales in 2019, Columbine West had 11% more sales than average.

Columbine West Home Sales 2019

Although Columbine West is still considered a "bargain" neighborhood compared to adjacent subdivisions, prices also continue to improve.  Instead of the 6% - 8% growth that we've seen over the past few years, the Average Sales Price of Columbine West Real Estate appreciated at a modest 2.5% last year. 

Columbine West Home Values

Homes are still selling fairly rapidly in Columbine West.  The Median Days On Market continues to be 6 Days.  If you price your home correctly, your home will sell quickly.  With Interest Rates still hovering below 4%, there are hungry Buyers ready to act.

Columbine West Sales Activity

As of today, there are currently 0 properties available for sale in Columbine West.  Since Columbine West Real Estate averages 8 sales per month, this is most-definitely still a strong Seller's Market. 

For a complimentary analysis of your Columbine West home's value, contact John Basila, your Columbine West Realtor®.  Email John at columbinerealtor@gmail.com or call (303)589-9034 to set up a brief meeting.

Columbine West 2018 Real Estate Recap

by John Basila

Columbine West 2018 Real Estate Recap

by John Basila, posted 2/12/2019

Columbine West continued to be a strong Real Estate market in 2018. Historically speaking, there are typically 6 or 7 homes sold every month in Columbine West. Although 2018 wasn't as strong as some previous years, the lack of available homes for sale probably played a role in the decline. At the moment, for instance, there is only one home that is "Active" in the REColorado MLS. That means that there is only a 5 Day Supply of homes!

We are still in a very strong "Seller's Market". A "Balanced Market" means that there are four to six months of Inventory. A "Buyer's Market" is when there are more than 6 months of Inventory, so Buyers have the ability to be a little pickier and Sellers have to make more concessions. This "Seller's Market" will continue through the next year or so, at least, according to many experts.

As evidence of our "Seller's Market" in Columbine West, homes are still selling very quickly. The average Days On Market (DOM) in the Denver Metro Area is around 30 Days. The historical average in the Denver Metro over the last 50 years has been 70 Days. In 2018, Columbine West saw the same 6 Days On Market as we've seen over the past few years. If your property is priced right, it will sell quickly, and probably with multiple offers.

Recently, Lon Welsh of First Alliance Title revealed to me that those Sellers that priced their home correctly in the Denver Metro over the past 24 months, were sold in 13 Days On Market. If the Sellers had overpriced their home, it took 58 Days On Market and a price reduction to get it sold. My Sellers "Net" almost 103% of their List Price because we price their property correctly.

Incidentally, homes that were priced right sold more quickly in February, March and April in 2018. Since there's limited inventory before Spring, properties were gobbled up in less than two weeks in early 2018!!

Since the "Seller's Market" continues to be strong in Columbine West, you will not be surprised that our Property Values continue to rise. Did you get your new Tax Bill from Jefferson County, yet?? :-)

With limited inventory and a ton of Buyers waiting to purchase, our prices in Columbine West have continued their growth. Although we're not seeing the Double-Digit price appreciation that we saw in 2014 & 2015, we still saw a healthy 6.3% Increase in the Average Sale Price for 2018. Experts expect the rate of appreciation to continue to hover in the 5% to 6% range over the next two years.

If you've been thinking of Selling your property, now is a great time to beat the competition!! For a complimentary Market Analysis of your property, please call me. You can email me at littletonagent@gmail.com. You can also get an "automated" analysis at denverhomereport.com.

 

7864 West Ontario Place is our latest Listing: a 4-Bed, 3.25 Bath Home in Columbine West.  If you love to entertain, you'll treasure the Open Kitchen/Living Room Layout and the Fully Finished Basement with Wet Bar and included Kegerator & Mini-Fridge.

When the weather's good, head to the back yard, which features a Gazebo, Rock Wall, Hot Tub, Fire Pit and Grill/Bar area. 

There are 2 Bedrooms & a Full Bath on the Main Level.  Upstairs, there are 2 Bedroom Suites, one of which is the Master Suite.

Call John Basila, your Columbine Realtor, today for your private tour:  303-589-9034

Columbine West Real Estate Performs Well in 2016

by John Basila

Last Year was a good year for Columbine West Real Estate!!

Beyond most expectations, the Median Home Values for Columbine West Real Estate increased by 9.4%.

Columbine West Real Estate Values outperformed the Littleton Real Estate increase of 8.9% in 2016.

Over the past 7 years, Columbine West has averaged 6 home sales per month.  In 2016, the Columbine West Real Estate market performed better than average, with 77 sales.  We currently only have ONE home that is actively for sale, which means that Columbine West Real Estate is still in a strong "Seller's Market".  There is still a huge demand for Sellers in Columbine West.

With the huge demand and limited inventory, homes are still selling very quickly if the house is priced right & in good condition.  On average, homes in Columbine West were only active for 6 days before going "Under Contract" with a Buyer. 

At A Denver Home, our Sellers average 2.4 Days On Market and sell their houses for 102.2% of their aggressive List Prices.  If you're interested in Selling your current house or simply want to know its current Market Value, please contact Littleton Realtor John Basila for a complimentary Market Analysis.  Columbine West Real Estate is expected to have another stellar year in 2017.

John Basila, Broker/Owner of A Denver Home, can be reached by email at columbinerealtor@gmail.com or by phone at 303-589-9034.

Columbine West Home For Sale

by John Basila

This Columbine West Home For Sale is in the "newest" part of the neighborhood.

Unlike most of the neighborhood, built in the late '70s and early '80s, this home, along with it's neighbors, was built in 2005.  Located at 6821 S. Reed Ct., this 2-Story home features a brick/stucco exterior, which enhances the efficiency of heating and cooling the home.

This Columbine West Home For Sale has 2,577 Sq Ft in addition to 1,389 Sq Ft in the Finished Basement.  The Oversized 3-Car Garage has 9 Ft Garage Doors.

The Interior of this Columbine West Home For Sale features Hickory flooring, Travertine marble, designer wall treatments, Granite countertops in the Kitchen and Cherry cabinets.

This Columbine West Home For Sale is offered at $449,000 and includes a one-year Home Warranty for the Buyer.

Contact Littleton Realtor John Basila for your private showing today.

Columbine Valley Home For Sale

by John Basila

This Two-Story home is centrally located in Littleton, in The Village at Columbine Valley, which is close to shopping, dining and easy commuting.  With 5 Bedrooms & 4 Baths, you'll find plenty of space for now and the future.  Formal Dining & Living Rooms are available for entertaining in style.  Main floor also boasts a Family Room and Office/Study.  Luxurious touches like slab granite and a vaulted entry enhance the warmth and charm of this home.  Offered at $550,000, this is a great entry price into Columbine Valley.

If you didn't know, Columbine Valley is home to the Columbine Country Club, one of the best private golf courses in Colorado.  Homeowners in this close-knit community have the option of joining Columbine Country Club.

For more information on this home, call John Basila for your private showing.

Caregiver Resources

by John Basila

It is my pleasure to sponsor a Caregiver Resources website to help alleviate some of the stress involved in providing care to your loved ones.

If you, or someone you know, are having to face the challenging issues of Home Health Care, End of Life Issues or simply whether it's time to take Mom's driving priveleges away, this website of Caregivers Resources will provide a wealth of information and checklists to facilitate the process:

 

 

One of my advanced designations from the National Association of Realtors is the SRES - the Seniors Real Estate Specialist designation. 

By earning this designation, I have demonstrated the necessary knowledge and expertise to counsel clients over 50 and their families through some of the major financial and lifestyle transitions they uniquely face. 

It is my hope that by sponsoring this website for Caregivers Resources, you'll gain the support you need in this stressful time.

If you have Real Estate questions or needs, please feel free to contact Littleton Realtor John Basila for your personal consultation:  (303)589-9034

 

Displaying blog entries 11-18 of 18

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Contact Information

John Basila
A Denver Home
P.O. Box 620222
Littleton CO 80162
Cell: 303-589-9034

CO EI License # 028420