Lone Tree CO Real Estate Report - Q4 2007 to Q3 2008
This report is for homes in Lone Tree CO that sold in the price range from $700,000 to one million.
In the third quarter of 2008 you can see slight decline on all categories listed. The homes in Lone Tree were spending more time on the market on average and the average price per square foot has declined..
Quarterly Numbers 4th quarter 2007 - 3rd quarter 2008
| |
Q4 |
Q1 |
Q2 |
Q3 |
| Days on Market (DOM) |
152 |
248
|
185 |
205
|
| DOM range - low to high |
14-425 |
39-465 |
8-365 |
40-456 |
| % Difference List vs. Sold |
86.3% |
88.6% |
88.4% |
87.6% |
| % difference - low to high |
69.3-96.6% |
73.6-100% |
76-98.6% |
73.2-95.6% |
| Average Price/square foot |
$221 |
$227 |
$220 |
$209 |
| price/sf - low to high |
$181-$253 |
$198-$275 |
$178-$273 |
$178-$273 |
What kind of houses can you buy for 70% of the listing price? The ones that have been on the market for a long time. The percentage is from the original list price, which could have been much higher than estimated market value. After several hundred days on the market, the originally overpriced home/s are finally at or below market value.
Which homes sell for full price or near full price? The homes that are priced correctly. There are other factors that are important as well, such as condition and location of the home, etc.
Here is a comparison of Q3 2008 to Oct 2008
| |
Q3 |
Oct 2008 |
| # of Homes SOLD |
5 |
1
|
| Average Days on Market (DOM) |
205 |
36 |
| Range DOM - low to high |
40 to 456 |
36 |
| Average Price per Square Foot |
$209/sf |
$272 |
| Price range: price/square foot - low to high |
$170-$263 |
$272 |
% of original list price to
net sold price |
87.6% |
95.1% |
% of original list price to
net sold price - low to high |
73.2-95.6% |
95.1% |
To find out more about buying or selling a home in Lone Tree CO contact Brian Burke directly via e-mail Brian@kennarealestate.com or 303.710.2609 at your convenience. You can also find more information about SELLING YOUR HOME in LONE TREE by Clicking HERE.
HOMES CURRENTLY ON THE MARKET IN LONE TREE CO, CLICK ON BUTTON
Contact Kenna and CO. Broker Brian Burke Denver CO Luxury Real Estate, via e-mail or by phone to inquire about selling or buying a home in Lone Tree.
Brian direct number 303.710.2609. Brian@KennaRealEstate.com |
Other Market Reports:
Lone Tree CO Luxury Real Estate - Quarterly Report Q3 - 08
Greenwood Village CO Luxury Homes Oct 08
Cherry Hills Village CO Homes Oct 08
Heritage Hills Lone Tree CO Homes Oct 08
Heritage Estates Lone Tree CO Luxury Homes Oct 08
Carriage Club Lone Tree CO Homes Market Report Oct 08
Weatherstone Highlands Ranch CO Homes Market Report Oct 08
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*Disclaimer: Data based on information from Metrolist, Inc. for period of 10/1/2007 through 11/17/2008. 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. "The astrisked(*) properties were listed and/or sold by other companies. Information is deemed reliable but not guaranteed.
Disclaimer: Kenna and Co. 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. Blog posts on the Kenna and Co. Blog represent the opinions and ideas of the author(s). Kenna and Co. Blog does not express the views of Kenna and Co. or those of the broker.
Copyright 2008.© Kenna and Co. Rita Burke. All Rights Reserved. Nov 19th 2008. "Lone Tree CO Real Estate - Quarterly Report Q3 - 08 / $700,000 to 1 million"
