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Homes for Sale in Lone Tree - Active
There are 83 homes for sale in Lone Tree (as of Feb. 7th). The prices range from $268,260 to $3,400,000. The lowest price per square foot is $117 for a bank owned home in Carriage Club and the highest is $538 for a home in Heritage Estates. 21 new listings came on the market in the last 30 days in Lone Tree CO.
| Homes for Sale in Lone Tree | Feb 7th, 2010 |
| Lowest List Price | $268,620 |
| Highest List Price | $3,400,000 |
| Lowest Price/sq. foot | $117 |
| Highest Price/sq. foot | $538 |
Pending Sales in Lone Tree - Under Contract
15 Lone Tree homes are currently under contract. The listing prices at the time when the houses went under contract ranged from $299,950 to $1,000,000. Only one Cherry Hills luxury home sold in January 2010 (all sales may not have been reported yet).
Lone Tree Real Estate Closed Sales - SOLD
Six houses sold in Lone Tree in January 2010. The net sold prices ranged from $374,000 to $675,000. The price per square foot ranged from $136 to $192 per square foot. One of the sold houses was a bank owned property. Sales in the previous three months: 13 houses sold in Lone Tree in October, seven sold in November and eight in December.
| Jan 2010 | |
| Closed Sales | 6 |
| % of Original List Price | 92.1% |
| Average Days on Market | 129 |
| Average Price /sq ft | $154 |
Days on Market = total days on market.
Search homes for sale in Lone Tree
If you have any questions or would like a custom Market Report for a specific area feel free to contact us at Kenna Real Estate
Lone Tree Foreclosures for sale
Today's New Listings in Lone Tree
This Lone Tree Market Report is brought to you by Rita Burke, Kenna Real Estate. The report is for detached residential single family homes only and may not include all sales activity in the area. Figures for sold prices used are NET sold price, price after seller concessions or down payment assistance, if they were offered. This report or any part of it may not be used without permission from Rita Burke.
*Disclaimer: Data based on information from Metrolist, Inc. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area. Disclaimer: Kenna Real Estate Blog does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Copyright 2010.© Rita Burke. Kenna Real Estate. All Rights Reserved. "Lone Tree Real Estate Market Update"
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According to the latest government data, only 1,072 permanent loan modifications have been made to homeowners in the Denver area (and throughout Colorado) facing foreclosure. When you consider that so many more families are struggling in our state, that is barely making any impact at all.
Put into perspective, the latest report from the federal government shows that as of the end of December, there were 11,170 homeowners in “active trials,” for loan modifications. These trial modifications are required before the loan can be made permanent. In the nation, Colorado ranked 19th for the number of active trials and permanent loan modifications, and our 1,072 permanent loan modifications represents 8.8% of the trials. The goal is to provide 3 to 4 million homeowners across the nation with lower mortgage payments through 2012. Nationwide, at the end of 2009 there were 787,221 trial modifications and 66,465 permanent modifications.
Unfortunately, banks do not have much incentive to participate in the program. Consider this example: if a bank writes down a loan so the borrower saves $700 a month for two years, the bank needs to write off $16,800 – 24 times $700. Arguably, the bank is not taking a loss – but it is making less interest on the loan. Typically, over the long run, it actually hurts a bank less to let the home go into foreclosure, and become an REO property (Real Estate Owned). Although foreclosures are expensive, most banks would rather put off the cost to the future, than to take an immediate hit to the bottom line. And that is just what many are doing.
In addition, those banks that are willing to modify loans permanently have been swamped with a huge volume of requests. The wave of temporary modifications began last summer, and many of them only became permanent in the past two months. The good news is that analysts predict a big surge in permanent modifications in the next few months, as banks are streamlining the process and homeowners are taking more initiative to follow all of the bank’s procedures accurately and on time.
If you’re a Denver homeowner facing foreclosure and could benefit from a loan modification, be sure to communicate clearly with your bank and follow all of their guidelines within the prescribed time frames. Also, contact us at the Bandy Team to find out how we can help. We are your local real estate experts, and are ready to assist you with all of your Denver area real estate needs.
Marianne Bandy
Avoid Foreclosure in Denver
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A recent Coldwell Banker survey of 1,000 homeowners across the nation shows that savvy consumers are cashing in on the new and improved homebuyer tax credit and helping fuel the economic recovery. Colorado homeowners and homebuyers are part of this smart group, and, as a result, we will surely see a boost to our local Denver area real estate market!
Among those surveyed, 83% said if they purchased a home and qualified for the tax credit they would engage in "smart spending," and only 6% said they would use the money for luxury items such as a vacation or shopping.
The survey found that most consumers would spend their tax credit to:
When consumers pay off debt, they afford themselves more spending power. Investing in home improvements also create more equity in their homes, increasing their ability to spend. Further, when consumers increase their savings and investments, that generated income brings increased confidence.
The survey also found that, after learning about the tax credit expansion, 20% of those surveyed said they were more likely to consider purchasing a home than they were six months ago. Much consumer spending is fueled by the housing market -- provided the housing market is energized, and that was precisely the idea behind the homebuyer tax credit and its recent extension and expansion to include repeat buyers (instead of only first-time buyers).
In October 2009, before President Obama signed the latest extension and expansion, more than 1.2 million tax returns had claimed about $8.5 billion in the refundable tax credit, for both new and resale homes - according to the Treasury Inspector General for Tax Administration (TIGTA).
The new law extends the $8000 tax credit for first-time homebuyers, as well as creating a $6500 tax credit for existing homeowners who buy a new primary residence through April 30, 2010. The new rule also raises the qualifying income limits to $125,000 for single taxpayers and $225,000 for joint taxpayers, from the current $75,000 and $150,000. The maximum allowed home purchase price is $800,000.
For more information, visit the Internal Revenue Service (IRS) website, as well as its question and answer page.
Whether you’re thinking of buying or selling a home in the Denver metro area, contact the Bandy Team for all of your real estate needs. We are your local Denver real estate experts, and we will guide you every step of the way!
Marianne Bandy
Compare Local Denver Area Communities
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Mortage Rate Indicators for Denver
Week of February 1, 2010
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Market Comment - Week of February 1st, 2010 Mortgage bond prices fell last week pushing mortgage interest rates slightly higher. Most of the data early in the week was bond-friendly. Unfortunately the Fed's reminder that their purchases of mortgage bonds would cease after the first quarter sent bond prices tumbling Wednesday afternoon. This was followed by stronger than expected gross domestic product, employment cost index, and PCE price data Friday morning. Bonds were helped Friday afternoon as stocks remained jittery. Interest rates rose by about 1/8 of a discount point for the week.
ISM The Institute for Supply Management (ISM), formerly the National Association of Purchasing Management (NAPM), releases the "Report on Business" on the first working day of each month. Part of this report is the "diffusion index," which tracks the economy's ups and downs fairly well. | |||||||||||||||||||||||||||||||||||||
WR Starkey Mortgage - A different kind of company...where people come first! | |||||||||||||||||||||||||||||||||||||
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