Real Estate Information Archive

One of the questions that comes up most often is "How's the Market?"

Littleton Real Estate is slower than normal, and Littleton Real Estate Values are holding their own.  With the increase in Interest Rates, there have been fewer Sellers willing to sell and fewer Buyers wanting to buy.

As a result, Littleton Real Estate had fewer Sales in 2022 than the average of almost 2,400 homes per year.  In 2023, Littleton Real Estate is on track to have fewer homes sold, down about 13% from normal.

Although the number of sales is down, our home Values in Littleton have pretty much held their ground.

The Average Sold Price for Littleton Real Estate is only down about 1.2% from last year's average.

There are still Buyers looking for properties.  With the Limited Inventory, however, they're taking their time and have the luxury of being pickier with the property they choose.  Average Days On Market have increased to almost a month.

This is the longest it's taken to sell a home in quite a while.

If you're thinking of Buying or Selling, contact Littleton Realtor® John Basila for a complimentary analysis of the market and your situation.

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.

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
 

Great news for homeowners and potential Buyers - the Littleton, CO Housing Market Is Stable!

Over the past few years, I've talked with many potential Sellers and Buyers about market trends.  No Seller wants to sell at the bottom of the market, and no Buyer wants to miss out on the best deal possible or have their newly purchased home decrease in value.

There are a number of factors combining together to make this a great time to Buy or Sell a home in Littleton.

With the recent tax extension agreement by Congress, the continued sell-off of Treasuries and the improving economy, Interest Rates are beginning to rise.  In the past month, we've seen a significant increase in mortgage rates.  The sub-4.0% days are gone.  There's still time to lock in these low rates, but analysts expect them to continue to rise up near the 5 percent range by the end of 2011.  Still, these are fairly good rates!

Based upon my analysis of recent MLS information from Metrolist, The Littleton, CO Housing Market Is Stable.  All comparisons are YTD 2009 -vs- YTD 2010. The number of homes sold in Littleton, CO is up about 3 percent this year.  Although the newspaper reported a "sensational" drop in the Denver Metro in November of 25% from 2009, take statistics with a grain of salt.  Looking at Year To Date figures, instead of one month, gives us a much broader understanding of what's really going on. 

The Average Days On Market decreased during this same period, from 89 Days to 86 Days.  This means that the average home in Littleton, CO takes less than 90 Days to sell.

Another  bright light in the recent statistics is that Home Prices in Littleton, CO are improving! There are two numbers to consider with pricing.  One is the MEDIAN, the other is the AVERAGE.    Median means half of the homes sold for more than this price and half of the homes sold for less.

The Median Price for a home that sold in Littleton is up 3% over 2009.

The Average price for a home that sold in Littleton is up 7% YTD over 2009!! Although the news outlets might still be hammering on any bad news they find about the housing market, at least you know that the Littleton, CO Housing Market Is Stable.  Heck, I'll even venture to say that our little neck of the woods is improving!!

If you're a Seller that's waiting for the market to improve, or if you're a Buyer trying to get the best price and lowest interest rates, now is a perfect time to act!  Contact your Littleton Realtor, John Basila, for a complimentary "no obligation" consultation on how this might be a great time for you to Buy or Sell your home in Littleton.