The stats for the last week of January/first week of February 2012 are encouraging. After a strong 4th quarter 2011, it is good to see our real estate market remaining steady.

There are 4 currently available extisting homes for sale:

• 9443 E 108th Ave. 3 Bedroom, 2 Bath, 1 Car Garage. 1392 square feet. $145,000. HUD.
• 10682 Dayton Way. 3 Bedroom, 2 Bath, 1 Car Garage. 1464 square feet. Finished basement. $152,000. Short sale.
• 9219 Longs Peak. 3 Bedroom, 3 Bath, 2 Car Garage, plus 1 space carport. 2447 square feet. Finished Carriage House apartment. $209,900. Bank Owned.
• 9281 E 107th Place. 5 Bedroom, 5 Bath, 2 Car Garage, plus 1 space carport. 2779 square feet. Finished Carriage House apartment. Finished basement. $239,900.

There are 3 homes Under Contract. There are 2 more homes Pending Contract. "Pending" is used when the buyer and seller have agreed, but they are awaiting bank approval.

Want to see available homes in Belle Creek? Call me today - the Belle Creek market has accelerated, and great homes are selling fast! 720-341-5235

4th Quarter was a definite shot in the arm for the Belle Creek real estate market. While 3rd Q saw only 3 closed sales - all Oakwood Homes - 4th Q saw double that amount. Of the 6 homes sold, only one was an Oakwood Home. There were 5 existing homes sold in 4Q!

Inventory remains at an incredible low. As of January, there are only 3 homes available for move in, and another 4 are under contract. Two of the available homes are bank owned, and are extremely well priced. Oakwood continues to sell lots for dirt-start homes and currently has several lots reserved or in some stage of construction.

The Breakdown: Of the 5 closed sales in 4Q, only one was bank owned. In 2010, there were 7 sales in 4Q, and 5 were bank owned or short sale. It is good to see distressed inventory clearing out, although there is still distressed inventory that has not yet come to market. We will continue to see bank owned properties come on the market, but we are also seeing a return to traditional sales.

Sold prices for cottage style homes (those under 1600 square feet) built by New Town are heading in a much better direction than they had been for the past couple of years. In 2010, cottage style homes were selling for a depressing average net of $98 per square foot after 152 Days on Market.

In 2011, cottage style homes sold for a net price of $106 per square foot after an average of only 18 Days on Market!

Even larger homes saw an encouraging increase over 2010. In 2010, homes above 1800 square feet saw a sold price per square foot of $96 after an average 268 days. In 2011, New Town inventory sold for $107/Sqft after 35 days on market, and Oakwood inventory sold for $121/sqft after 215 days.

The Bottom Line: Belle Creek is seeing the signs of life we have been waiting for. Expect to see further gains in pricing in the near future. People want to live in Belle Creek. And clean, well-maintained homes have been fetching the highest prices.

Remember that every situation is unique in this regard. Be sure to consult with a REALTOR who specializes in the neighborhood when you consider selling - call me at 720-341-5235!

Sold prices for Belle Creek homes are increasing.

It has been a few years since Belle Creek residents have seen a marked increase in home prices. The time frame between October 1, 2010 and December 1, 2010 saw 5 closed home sales, which was the same number of homes sold in Belle Creek from October 1, 2011 to December 1, 2011.

The major difference, however, is in the price and days on market.

In 2010, the average number of days on market was a depressing 199 for the 5 closed home sales. This is in part due to the state of the larger housing economy. Distressed homes accounted for fully 100% - yes, all 5 - of the home sales in Belle Creek for this period last year. The average sold price came in at $168,940, or $97 per square foot.

In 2011, only 1 in 5 of the homes sold was in a distressed situation. Despite this, the average days on market for all 5 of the homes was a respectable 60 days. Do the math: last year, homes took nearly 7 months to sell, this year, they are closing in 2 months.

Even more encouraging, the average sold price came in at $184,040 for 2011, or $111 per square foot. This is especially good considering that only one of the closed sales among this data was a newly built home.

When the Oakwood homes data is removed from the equation, the days on market drops to 22 days! Average sold price for the existing homes was $172,800, or $108 per square foot. All of the cottage style homes sold were "regular" sales.

The bottom line is: people want to live in Belle Creek! As of today, there are only 3 available homes ready for move in.

Have you been waiting to sell your Belle Creek home? Now might be a perfect time to do so. Call Jennifer Prestwich at 720-341-5235 for a customized market report!

Hey neighbors! Don't forget that TOMORROW night, Saturday, Dec 3rd from 6:00pm-8:00pm is our Annual Belle Creek Holiday Event at the Family Center! We have Santa, carriage rides, kiddo activities, snacks, and a live band...come kick off the holidays with us!

Also, if you want to enter your house in our Lights Decorating Contest you have until December 12th before we take pictures for voting. Come by the Family Center with $5 to sign up...there's a gift certificate for the winner!

Belle Creek Homes for Sale

It would seem to be the time of year when homes sales are slowing down-but not in Belle Creek!

This Belle Creek home went under contract in 2 days!

In a "normal" home selling market, things slow down dramatically in the 4th quarter of the year. The months of October, November and December are a time for hunkering down against the cold and reuniting with family for the holidays. Rarely does buying a home factor into this already hectic time of the year.

Luckily for Belle Creek, 2011 is having anything but a "normal" 4th Quarter of 2011!

In less than the past month, there have been 4 closed home sales in Belle Creek, not including the Oakwood homes for sale. This is incredible considering that in 2010, there were 5 closed sales for October and November, combined, and November 2011 hasn't even come to a close yet.

Homes sales are really picking up in Belle Creek, and it is about time to share the good news:

• The average days on market for Belle Creek homes was 22.
• The average net sold price per square foot was $106.
• There are 2 homes in Belle Creek that are pending sale/under contract. Those 2 homes were on the market for an average of 20 days before receiving accepted offers.
• Belle Creek homes received an average sold price of 101.49% of asking price!

In summary, buyers are snapping up Belle Creek homes quickly, and they are willing to pay for all of the amenities that Belle Creek has to offer. There are still some great deals in Belle Creek, but sitting on the fence isn't recommended....

Wondering if it is time to sell your Belle Creek Home? Want to see the available homes in Belle Creek? Call me at 720-341-5235! As your Belle Creek Specialist, I have the knowledge you need to time your buying and selling decisions!