Real Estate Information Archive

The Columbine West Real Estate market is coasting along, so far in 2024.

We typically average 5 to 6 home sales per month, over the past five years.  So far in 2024, we've had 15 homes sold - a little behind what we would expect through the end of April.

There are a number of reasons for the decline in sales - higher interest rates than in years past, homeowners unsure of finding a replacement property, economic expectation in an election year.

The good news is that Columbine West Real Estate is showing healthy signs of being stabilized.  Although home values are a little lower than they were at the height of the recent "frenzy", they've been holding fairly steady.

Demand is definitely lower than it has been, mostly due to uncertainty and Interest Rates.  The funny thing is, we got spoiled with low Interest Rates.  If you consider that the 30 year and 50 year average Interest Rates have hovered around 7%, it shouldn't be long before more Buyers enter the market.

Another indicator of the "blah" of Columbine West Real Estate is that it's taking a little longer for homes to sell.  Even with lack of inventory, Buyers can still be prudent in the buying process.  Instead of selling in a weekend with multiple offers, Sellers are seeing more offers at List Price, and only a handful of offers.

John Basila is a 20+ year Resident of Columbine West and Broker/Owner of A Denver Home brokerage.

If you've been considering selling your property, please contact me for a complimentary analysis.  John Basila can be reached at 303-589-9034 or via email at columbinerealtor@gmail.com.

Littleton Real Estate has seen Ups and Downs over the past few years, notably due to the Covid epidemic and, most recently, Inflation and it's effects upon the economy.  With Interest Rates headed back to historically normal levels, it's taken some time for Buyers to get used to the idea of no longer having access to the Bargain Interest Rates that we've seen.

The Great News is that Columbine West Real Estate is holding it's own, although there's a lot less action in the market.  Columbine West Real Estate has historically averaged between six and seven sales per month.  As you can see in the Graph below, through April 2023, we've only had 13 Home Sales.  This is about half of what we normally see.  This is being driven by low inventory.  There are Buyers that are willing and able to purchase, so the demand is there.

Although Littleton Real Estate has seen a decline of about four percent in the Average Sales Price, Columbine West Real Estate is holding its own and even shows a slight increase of just less than one percent.  We're maintaining our home values, even in a slower market.  If your home is priced right and in good condition, there's no doubt that it will sell.

As you can see below, Sellers in Columbine West are still able to sell their homes for List Price.

Although the market isn't as crazy as it was in 2021 with all of the multiple offer scenarios, we're still getting enough offers for Sellers to secure a fair price.

With the softening of the Littleton Real Estate market last Fall, Sellers in Columbine West have lowered the Average List Price by about one percent when compared to last year's Average.  

With the temporary slowdown, properties for sale in Columbine West are taking longer to get Under Contract.  Over the past 5 Years, Columbine West Listings have averaged 12 Days in the MLS.  So far this year, Closed properties in Columbine West have averaged 41 Days.  With the Spring Market just now coming alive, there are currently 7 Homes Under Contract (Pending).  All of these properties averaged less than 5 Days in the MLS.  NOW is a great time to sell your property in Columbine West!!

If you've been considering Selling your House, but have been uncertain about the Columbine West Real Estate Market, be confident that we're Improving with the arrival of Spring!!

As a Columbine West Resident for more than 20 Years, I pride myself on my local expertise.  

If you'd like to discuss the current market or your property's value, please contact me for a Complimentary evaluation. Littleton Realtor John Basila

EMail: columbinerealtor@gmail.com   Phone: (303)589-9034

Columbine West Real Estate had a Stellar 2021!!

Littleton neighborhood Columbine West historically has had six or seven home sales every month.  In 2020, there was a significant decline in inventory and, thus, home sales were lower than normal, with only 55 Homes sold in 2020.  We had a great rebound in 2021, with a total of 88 Homes sold in the Columbine West neighborhood.  

This year (2022) is starting out slow, with only one property that's "Active" in the Multiple Listing Service (REColorado MLS).  There's still a HUGE DEMAND for properties, and Buyers are anxious to have some properties that fit their needs from which to choose.

With high demand, homes in Columbine West are selling rapidly.  If a property is priced right and in good condition, it will sell quickly.  Gone are the days of waiting 3 to 4 weeks to sell a home.  In 2021, it only took an average of 7 Days to sell a property in Columbine West.

In 2021, Columbine West Real Estate had a record breaking year!!  The Average Sale Price of a home in Columbine West was up 24%, to $566,411.  Granted, there were more homes from the newest & more expensive part of Columbine West that were sold, but there were also many sales that had Multiple Offers, which also helped boost the Average.  Hopefully, we'll continue to see these strong values in 2022.

As a 20+ Year Homeowner and Resident in Columbine West, Realtor® John Basila is actively involved in the Community.  If you're thinking of Buying a Home or Selling your House, contact John Basila today!  If you'd like more Statistics or a complimentary analysis of the value of your house in today's market, you can also call John at (303)589-9034.

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.

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 West.  Columbine 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 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.

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. 

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.

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, posted 2/12/2019

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

Once again, your Columbine Realtor is sponsoring the Community Garage Sale for Columbine West.

This Weekend, we'll have 30+ homes participating!!

Follow the signs from Coal Mine, S Pierce St, Ken Caryl Ave and Wadsworth Blvd to individual homes.  Each Columbine West participant will have maps showing locations of other homes that are participating in the Community Garage Sale.

Every participant will determine their own hours....and this weekend's weather will be perfect!!

Here's the map of participants!!  

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.

I'm sponsoring the Community Garage Sale in Columbine West again this year.

Here's a map of the participants:

John Basila
A Denver Home
(303)589-9034