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.

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.

Believe it!  Denver & Littleton Real Estate are starting 2021 at Full Throttle!!

With Interest Rates still hovering around their Lowest Levels Ever, the market is flooded with Buyers who want to lock in a great rate on their Dream Home.

In the Denver Metro, January had significantly more Closings than we did a year ago.

At the same time, we're seeing a 30%+ Decline in Active Listings, compared to a year ago.  We have a lot of demand for properties, with fewer opportunities for Buyers to "Win".

As a result of the Demand, and consequent Bidding Wars, Sellers are reaping huge paydays on the sale of their properties.

And, with limited Inventory, most Listings are seeing almost DOUBLE the number of Showings that we normally have.

Littleton Real Estate is also facing a shortage of available Listings.  At the moment, we only have about One-Third as many available properties as we did a year ago.  This led to an Average Closed Price increase of almost 12% in January - with the number of sales comparable to a year ago.

If you've been "Sitting on the Fence" wondering when a good time to sell your house would be, Now Is The Time!! 

Beware the "Quick Cash" Companies that won't List your house on the market.  Any Realtor® worth their salt will get your property in front of as many people as possible, generate tons of showings and present you with, hopefully, multiple offers.  Why settle for "Market Value" if the competitive market is willing to pay you MORE ???

If you'd like to discuss your property and how we'd get it sold for the best terms and price, call Littleton Realtor® John Basila at (303)589-9034 or email columbinerealtor@gmail.com